VBR vs XLV: Holdings Overlap
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (VBR: 2026-03-31, XLV: 2026-08-06). 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 XLV?
Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 12 holdings in common, and by portfolio weight the two funds are 2.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12VBR holds 838 · XLV holds 61
- Weight in Shared Holdings
- VBR 3%·XLV 3%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
826 of 838 positions (96.8% of the fund) are not held by XLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | VBR | XLV |
|---|---|---|
| Health Care | 8.4% | 99.8% |
| Industrials | 18.8% | 0.0% |
| Financials | 18.7% | 0.0% |
| Consumer Discretionary | 10.9% | 0.0% |
| Real Estate | 9.1% | 0.0% |
| Other Sectors | 33.4% | 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 XLV).
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% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
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 XLV →
Shared Holdings(12)
The top 10 shared positions account for 90% of the overlap, led by MRNA, VTRS and COO.
 MRNAModerna Inc COM | 0.44% | 0.32% | 0.32% |
|---|---|---|---|
 VTRSViatris Inc COM | 0.38% | 0.32% | 0.32% |
 COOThe Cooper Companies, Inc. COM | 0.34% | 0.24% | 0.24% |
 RVTYRevvity Inc COM | 0.24% | 0.21% | 0.21% |
 BAXBaxter International, Inc. COM | 0.21% | 0.23% | 0.21% |
 SOLVSolventum Corp. COM SHS | 0.23% | 0.21% | 0.21% |
 CRLCharles River Laboratories International, Inc. COM | 0.21% | 0.22% | 0.21% |
 CNCCentene Corp. COM | 0.19% | 0.51% | 0.19% |
 ALGNAlign Technology Inc. COM | 0.28% | 0.19% | 0.19% |
 UHSUniversal Health Services, Inc., Class B | 0.22% | 0.15% | 0.15% |
 HSICHenry Schein, Inc. COM | 0.17% | 0.14% | 0.14% |
 DVADavita Inc COM | 0.12% | 0.10% | 0.10% |
Frequently Asked Questions
How much do VBR and XLV overlap?
VBR and XLV overlap by 2.5% of portfolio weight. They share 12 holdings (VBR holds 838 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VBR and XLV?
The two portfolios are 2.5% 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 XLV?
The largest positions held by both funds are MRNA, VTRS, COO, RVTY and BAX. Together the top 10 shared positions account for 90% of the total overlap.
What does VBR own that XLV doesn't?
826 positions (96.8% of VBR) are unique to VBR, led by NRG, ATO and TPR. In the other direction, 49 positions (97.0% of XLV) are unique to XLV.