VIOV vs DFSV: Holdings Overlap
VIOVVanguard S&P Small-cap 600 Value Index Fund
Vanguard · 460 holdings · $1.9B · as of 2026-05-31
DFSVDimensional US Small Cap Value ETF
Dimensional · 1029 holdings · $8.2B · as of 2026-04-30
Holdings snapshots are 31 days apart (VIOV: 2026-05-31, DFSV: 2026-04-30). 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 VIOV and DFSV?
Vanguard S&P Small-cap 600 Value Index Fund (VIOV, by Vanguard) holds 460 positions; Dimensional US Small Cap Value ETF (DFSV, by Dimensional) holds 1029. They have 278 holdings in common, and by portfolio weight the two funds are 33.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 278VIOV holds 460 · DFSV holds 1029
- Weight in Shared Holdings
- VIOV 64%·DFSV 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 VIOV
182 of 460 positions (35.6% of the fund) are not held by DFSV. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIOV | DFSV |
|---|---|---|
| Financials | 21.0% | 26.4% |
| Industrials | 12.6% | 14.9% |
| Consumer Discretionary | 14.9% | 12.7% |
| Information Technology | 13.3% | 7.2% |
| Energy | 7.3% | 12.6% |
| Other Sectors | 30.4% | 22.4% |
| Unclassified | 0.0% | 3.6% |
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 (0% of VIOV, 4% of DFSV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VIOV | +3.7% | +23.2% | +39.7% | +13.8% | +8.4% | +10.4% | 1.64% |
| DFSV | +4.5% | +23.4% | +37.6% | +15.2% | — | — | 1.33% |
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 VIOV vs DFSV →
Shared Holdings(278)
The top 10 shared positions account for 12% of the overlap, led by JXN, EMN and LKQ.
 JXNJackson Financial, Inc., Class A | 0.85% | 0.54% | 0.54% |
|---|---|---|---|
 EMNEastman Chemical Company COM | 1.01% | 0.48% | 0.48% |
 LKQLKQ Corporation COM | 0.81% | 0.47% | 0.47% |
 MHKMohawk Industries, Inc. COM | 0.65% | 0.44% | 0.44% |
 SMSM Energy Co. COM | 0.81% | 0.44% | 0.44% |
 LNCLincoln National Corp. COM | 0.70% | 0.41% | 0.41% |
 MATXMatson Inc COM | 0.66% | 0.38% | 0.38% |
 AUBAtlantic Union Bankshares Corp COM | 0.62% | 0.36% | 0.36% |
| Gates Industrial Corp PLC COM USD0.01 | 0.35% | 0.45% | 0.35% |
 TDSTelephone and Data Systems Inc. COM NEW | 0.45% | 0.35% | 0.35% |
 LBRTLiberty Energy, Inc., Class A | 0.55% | 0.34% | 0.34% |
 CRCCalifornia Resources Corporation COM STOCK | 0.54% | 0.34% | 0.34% |
 NENoble Corporation PLC ORD SHS A | 0.32% | 0.49% | 0.32% |
 PTENPatterson-UTI Energy Inc. COM | 0.45% | 0.32% | 0.32% |
 ADTADT Inc COM | 0.31% | 0.38% | 0.31% |
 MDUMDU Resources Group, Inc. COM | 0.50% | 0.30% | 0.30% |
 GPIGroup 1 Automotive, Inc. COM | 0.43% | 0.30% | 0.30% |
 FULTFulton Financial Corporation COM | 0.48% | 0.29% | 0.29% |
 BFHBread Financial Holdings Inc COM | 0.46% | 0.29% | 0.29% |
 ABGAsbury Automotive Group, Inc. COM | 0.43% | 0.28% | 0.28% |
 KMXCarmax Inc COM | 0.74% | 0.27% | 0.27% |
 ABCBAmeris Bancorp COM | 0.27% | 0.30% | 0.27% |
 UCBUnited Community Banks Inc.(South Carolina) COM | 0.46% | 0.26% | 0.26% |
 UNFUnifirst Corp COM | 0.27% | 0.26% | 0.26% |
 RDNRadian Group Inc. COM | 0.27% | 0.26% | 0.26% |
Showing the top 250 of 278 shared holdings by overlap weight.
Frequently Asked Questions
How much do VIOV and DFSV overlap?
VIOV and DFSV overlap by 33.9% of portfolio weight. They share 278 holdings (VIOV holds 460 positions and DFSV holds 1029), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIOV and DFSV?
The two portfolios are 33.9% 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 VIOV and DFSV?
The largest positions held by both funds are JXN, EMN, LKQ, MHK and SM. Together the top 10 shared positions account for 12% of the total overlap.
What does VIOV own that DFSV doesn't?
182 positions (35.6% of VIOV) are unique to VIOV, led by ENPH, MTCH and PAYC. In the other direction, 751 positions (64.0% of DFSV) are unique to DFSV.