VBR vs VOX: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
VOXVanguard Communication Services Index Fund
Vanguard · 114 holdings · $5.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (VBR: 2026-03-31, VOX: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are VBR and VOX?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Vanguard Communication Services Index Fund (VOX, by Vanguard) holds 114. They have 29 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29VBR holds 838 · VOX holds 114
- Weight in Shared Holdings
- VBR 3%·VOX 8%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in VBR
809 of 838 positions (97.1% of the fund) are not held by VOX. Showing the top 30 by weight.
Only in VOX
85 of 114 positions (91.5% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | VOX |
|---|---|---|
| Communication Services | 2.7% | 99.7% |
| Industrials | 18.8% | 0.0% |
| Financials | 18.7% | 0.0% |
| Consumer Discretionary | 10.9% | 0.0% |
| Real Estate | 9.1% | 0.0% |
| Other Sectors | 39.0% | 0.0% |
| Unclassified | 0.5% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (1% of VBR, 0% of VOX).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
| VOX | -1.3% | -2.7% | +8.9% | +20.4% | +6.4% | +8.3% | 1.05% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in VBR vs VOX →
Shared Holdings(29)
The top 10 shared positions account for 74% of the overlap, led by OMC, NYT and NWSA.
 OMCOmnicom Group Inc COM | 0.57% | 1.37% | 0.57% |
|---|---|---|---|
 NYTNew York Times Co. (The), Class A | 0.31% | 0.69% | 0.31% |
 NWSANews Corporation CL A | 0.22% | 0.59% | 0.22% |
 ECHOEchoStar Corp., Class A | 0.19% | 1.09% | 0.19% |
 LBRDKLiberty Broadband Corporation COM SER C | 0.14% | 0.23% | 0.14% |
 VSNTVersant Media Group Inc. COM CL A | 0.13% | 0.37% | 0.13% |
 NXSTNexstar Media Group Inc COMMON STOCK | 0.13% | 0.31% | 0.13% |
 SNAPSnap, Inc., Class A | 0.12% | 0.37% | 0.12% |
 SIRISiriusXM Holdings Inc COMMON STOCK | 0.10% | 0.33% | 0.10% |
 TDSTelephone and Data Systems Inc. COM NEW | 0.10% | 0.24% | 0.10% |
 NWSNews Corporation CL B | 0.08% | 0.22% | 0.08% |
 LUMNLumen Technologies Inc COM | 0.08% | 0.64% | 0.08% |
 PSKYParamount Skydance Corp., Class B | 0.07% | 0.20% | 0.07% |
 PPLIIAC Inc COM NEW | 0.06% | 0.18% | 0.06% |
 LIONLionsgate Studios Corp. COM | 0.05% | 0.17% | 0.05% |
 MGNIMagnite Inc COM | 0.04% | 0.12% | 0.04% |
 SPHRSphere Entertainment Co., Class A | 0.04% | 0.21% | 0.04% |
 ZDZiff Davis Inc COM | 0.04% | 0.11% | 0.04% |
 DJTTrump Media & Technology Group Corp COM | 0.04% | 0.09% | 0.04% |
 CNKCinemark Holdings Inc. COM | 0.04% | 0.18% | 0.04% |
 WLYJohn Wiley & Sons, Inc., Class A | 0.03% | 0.10% | 0.03% |
 GTMZoominfo Technologies Inc COMMON STOCK | 0.03% | 0.05% | 0.03% |
 LBRDALiberty Broadband Corporation COM SER A | 0.02% | 0.04% | 0.02% |
 ADArray Digital Infrastructure, Inc. | 0.02% | 0.05% | 0.02% |
 GLIBKGCI Liberty, Inc., Class C | 0.02% | 0.05% | 0.02% |
Frequently Asked Questions
How much do VBR and VOX overlap?
VBR and VOX overlap by 2.7% of portfolio weight. They share 29 holdings (VBR holds 838 positions and VOX holds 114), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and VOX?
The two portfolios are 2.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VBR and VOX?
The largest positions held by both funds are OMC, NYT, NWSA, ECHO and LBRDK. Together the top 10 shared positions account for 74% of the total overlap.
What does VBR own that VOX doesn't?
809 positions (97.1% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 85 positions (91.5% of VOX) are unique to VOX.