VBR vs VXF: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
VXFVanguard Extended Market Index Fund
Vanguard · 3359 holdings · $32.2B · as of 2026-03-31
How similar are VBR and VXF?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; Vanguard Extended Market Index Fund (VXF, by Vanguard) holds 3359. They have 737 holdings in common, and by portfolio weight the two funds are 42.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 42.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 737VBR holds 838 · VXF holds 3359
- Weight in Shared Holdings
- VBR 72%·VXF 43%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
101 of 838 positions (28.0% of the fund) are not held by VXF. Showing the top 30 by weight.
Only in VXF
2622 of 3359 positions (56.6% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | VXF |
|---|---|---|
| Industrials | 18.8% | 19.5% |
| Financials | 18.7% | 15.0% |
| Information Technology | 8.2% | 16.3% |
| Health Care | 8.4% | 13.3% |
| Consumer Discretionary | 10.9% | 9.8% |
| Other Sectors | 34.3% | 23.6% |
| Unclassified | 0.5% | 2.4% |
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, 2% of VXF).
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% |
| VXF | +2.4% | +18.9% | +26.9% | +18.6% | +6.9% | +12.0% | 0.99% |
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 VXF →
Shared Holdings(737)
The top 10 shared positions account for 6% of the overlap, led by UTHR, FLEX and USFD.
 UTHRUnited Therapeutics Corporation COM | 0.63% | 0.35% | 0.35% |
|---|---|---|---|
 FLEXFlex Ltd. COM USD0.01 | 0.58% | 0.33% | 0.33% |
 USFDUS Foods Holding Corp COM | 0.49% | 0.28% | 0.28% |
 XPOXPO Inc COM | 0.26% | 0.31% | 0.26% |
 ILMNIllumina Inc COM | 0.43% | 0.26% | 0.26% |
 FCNCAFirst Citizens BancShares Inc (Delaware) CL A | 0.37% | 0.25% | 0.25% |
 AAAlcoa Corporation COM | 0.42% | 0.24% | 0.24% |
 THCTenet Healthcare Corporation COM NEW | 0.40% | 0.23% | 0.23% |
 OVVOvintiv Inc COM | 0.41% | 0.23% | 0.23% |
 ITTITT Inc COM | 0.40% | 0.22% | 0.22% |
 RSReliance Inc COM | 0.38% | 0.22% | 0.22% |
 APGAPI Group Corp COM STK | 0.36% | 0.21% | 0.21% |
 MKSIMKS Inc. COM | 0.37% | 0.21% | 0.21% |
 NLYAnnaly Capital Management, Inc. COM NEW | 0.37% | 0.21% | 0.21% |
 WPCW. P. Carey Inc COM | 0.37% | 0.20% | 0.20% |
 EWBCEast West Bancorp Inc COM | 0.36% | 0.20% | 0.20% |
 PRPermian Resources Corporation Class A | 0.20% | 0.22% | 0.20% |
 JLLJones Lang LaSalle Incorporated COM | 0.35% | 0.20% | 0.20% |
 DTMDT Midstream Inc COMMON STOCK | 0.33% | 0.19% | 0.19% |
 CSLCarlisle Companies Incorporated | 0.33% | 0.19% | 0.19% |
 NYTNew York Times Co. (The), Class A | 0.31% | 0.19% | 0.19% |
 PFGCPerformance Food Group Co. COM | 0.31% | 0.18% | 0.18% |
 RGAReinsurance Group of America, Incorporated COM NEW | 0.32% | 0.18% | 0.18% |
 WCCWesco International, Inc. COM | 0.32% | 0.18% | 0.18% |
 TRUTransUnion COM | 0.32% | 0.18% | 0.18% |
Showing the top 250 of 737 shared holdings by overlap weight.
Frequently Asked Questions
How much do VBR and VXF overlap?
VBR and VXF overlap by 42.5% of portfolio weight. They share 737 holdings (VBR holds 838 positions and VXF holds 3359), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and VXF?
The two portfolios are 42.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VBR and VXF?
The largest positions held by both funds are UTHR, FLEX, USFD, XPO and ILMN. Together the top 10 shared positions account for 6% of the total overlap.
What does VBR own that VXF doesn't?
101 positions (28.0% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 2622 positions (56.6% of VXF) are unique to VXF.