VBR vs VTWO: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
Holdings snapshots are 61 days apart (VBR: 2026-03-31, VTWO: 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 VTWO?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 427 holdings in common, and by portfolio weight the two funds are 25.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 427VBR holds 838 · VTWO holds 1952
- Weight in Shared Holdings
- VBR 25%·VTWO 36%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
411 of 838 positions (74.4% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1525 of 1952 positions (63.4% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | VTWO |
|---|---|---|
| Industrials | 18.8% | 19.4% |
| Financials | 18.7% | 14.3% |
| Information Technology | 8.2% | 17.8% |
| Health Care | 8.4% | 15.5% |
| Consumer Discretionary | 10.9% | 7.3% |
| Other Sectors | 34.3% | 20.8% |
| Unclassified | 0.5% | 4.8% |
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, 5% of VTWO).
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% |
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
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 VTWO →
Shared Holdings(427)
The top 10 shared positions account for 7% of the overlap, led by MOG-A, WTS and ECHO.
 MOG-AMoog, Inc., Class A | 0.20% | 0.30% | 0.20% |
|---|---|---|---|
 WTSWatts Water Technologies, Inc., Class A | 0.19% | 0.25% | 0.19% |
 ECHOEchoStar Corp., Class A | 0.19% | 0.51% | 0.19% |
 ONBOld National Bancorp COM | 0.19% | 0.25% | 0.19% |
 UMBFUMB Financial Corporation | 0.19% | 0.28% | 0.19% |
 VIAVViavi Solutions Inc COM | 0.19% | 0.33% | 0.19% |
 JXNJackson Financial, Inc., Class A | 0.18% | 0.20% | 0.18% |
 SMSM Energy Co. COM | 0.18% | 0.22% | 0.18% |
 PRIMPrimoris Services Corp. COM | 0.18% | 0.20% | 0.18% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.17% | 0.21% | 0.17% |
 FCFSFirstcash Holdings Inc COM | 0.17% | 0.26% | 0.17% |
 FLRFluor Corporation COM | 0.17% | 0.22% | 0.17% |
 CMCCommercial Metals Company COM | 0.17% | 0.25% | 0.17% |
 SANMSanmina Corporation | 0.16% | 0.41% | 0.16% |
 TEXTerex Corporation COM | 0.16% | 0.19% | 0.16% |
 ENSEnerSys COM | 0.15% | 0.25% | 0.15% |
 TRNOTerreno Realty Corporation COM | 0.15% | 0.20% | 0.15% |
 TXNMTXNM Energy Inc. COM | 0.15% | 0.17% | 0.15% |
 PORPortland General Electric Company COM NEW | 0.15% | 0.17% | 0.15% |
 GATXGATX Corporation COM | 0.15% | 0.18% | 0.15% |
 SWXSouthwest Gas Holdings Inc COM | 0.14% | 0.17% | 0.14% |
 COGTCogent Biosciences Inc. COM | 0.14% | 0.15% | 0.14% |
 VSATViaSat, Inc. COM | 0.14% | 0.29% | 0.14% |
 UBSIUnited Bankshares Inc COM | 0.14% | 0.18% | 0.14% |
 VLYValley National Bancorp. COM | 0.14% | 0.20% | 0.14% |
Showing the top 250 of 427 shared holdings by overlap weight.
Frequently Asked Questions
How much do VBR and VTWO overlap?
VBR and VTWO overlap by 25.3% of portfolio weight. They share 427 holdings (VBR holds 838 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and VTWO?
The two portfolios are 25.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of VBR and VTWO?
The largest positions held by both funds are MOG-A, WTS, ECHO, ONB and UMBF. Together the top 10 shared positions account for 7% of the total overlap.
What does VBR own that VTWO doesn't?
411 positions (74.4% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 1525 positions (63.4% of VTWO) are unique to VTWO.