VIOV vs SPSM: Holdings Overlap
VIOVVanguard S&P Small-cap 600 Value Index Fund
Vanguard · 460 holdings · $1.9B · as of 2026-05-31
SPSMState Street® SPDR® Portfolio S&P 600™ Small Cap ETF
State Street (SPDR) · 604 holdings · $17.3B · as of 2026-08-06
Holdings snapshots are 67 days apart (VIOV: 2026-05-31, SPSM: 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 VIOV and SPSM?
Vanguard S&P Small-cap 600 Value Index Fund (VIOV, by Vanguard) holds 460 positions; State Street® SPDR® Portfolio S&P 600™ Small Cap ETF (SPSM, by State Street (SPDR)) holds 604. They have 435 holdings in common, and by portfolio weight the two funds are 59.7% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 435VIOV holds 460 · SPSM holds 604
- Weight in Shared Holdings
- VIOV 96%·SPSM 65%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
25 of 460 positions (3.5% of the fund) are not held by SPSM.
Only in SPSM
169 of 604 positions (34.7% of the fund) are not held by VIOV. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIOV | SPSM |
|---|---|---|
| Financials | 21.0% | 19.0% |
| Industrials | 12.6% | 17.4% |
| Consumer Discretionary | 14.9% | 13.9% |
| Information Technology | 13.3% | 12.8% |
| Health Care | 7.4% | 10.6% |
| Other Sectors | 30.3% | 25.1% |
| Unclassified | 0.0% | 0.9% |
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, 1% of SPSM).
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% |
| SPSM | +2.4% | +24.5% | +36.5% | +14.6% | +7.7% | +10.9% | 1.36% |
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 SPSM →
Shared Holdings(435)
The top 10 shared positions account for 8% of the overlap, led by JXN, PAYC and ESI.
 JXNJackson Financial, Inc., Class A | 0.85% | 0.51% | 0.51% |
|---|---|---|---|
 PAYCPaycom Software Inc COM | 0.80% | 0.49% | 0.49% |
 ESIElement Solutions Inc COM | 0.56% | 0.48% | 0.48% |
 MTCHMatch Group Inc COM | 0.99% | 0.47% | 0.47% |
 EMNEastman Chemical Company COM | 1.01% | 0.46% | 0.46% |
 KMXCarmax Inc COM | 0.74% | 0.45% | 0.45% |
 LNCLincoln National Corp. COM | 0.70% | 0.43% | 0.43% |
 VSXYVictorias Secret and Co COMMON STOCK | 0.51% | 0.41% | 0.41% |
 PLXSPlexus Corp COM | 0.47% | 0.39% | 0.39% |
 RALRalliant Corp. COM | 0.39% | 0.40% | 0.39% |
 LWLamb Weston Holdings Inc COM | 0.70% | 0.39% | 0.39% |
 QRVOQorvo Inc COM | 0.38% | 0.42% | 0.38% |
 MHKMohawk Industries, Inc. COM | 0.65% | 0.37% | 0.37% |
 SMSM Energy Co. COM | 0.81% | 0.36% | 0.36% |
 MACThe Macerich Company COM | 0.35% | 0.36% | 0.35% |
 LKQLKQ Corporation COM | 0.81% | 0.34% | 0.34% |
 MATXMatson Inc COM | 0.66% | 0.34% | 0.34% |
 TFXTeleflex Incorporated COM | 0.66% | 0.34% | 0.34% |
 CZRCaesars Entertainment Inc. COM | 0.69% | 0.34% | 0.34% |
 AUBAtlantic Union Bankshares Corp COM | 0.62% | 0.33% | 0.33% |
 MXLMaxlinear Inc COM | 0.50% | 0.32% | 0.32% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.58% | 0.31% | 0.31% |
 LUMNLumen Technologies Inc COM | 0.66% | 0.31% | 0.31% |
 RITMRithm Capital Corp. COM NEW | 0.60% | 0.30% | 0.30% |
 VSNTVersant Media Group Inc. COM CL A | 0.73% | 0.29% | 0.29% |
Showing the top 250 of 435 shared holdings by overlap weight.
Frequently Asked Questions
How much do VIOV and SPSM overlap?
VIOV and SPSM overlap by 59.7% of portfolio weight. They share 435 holdings (VIOV holds 460 positions and SPSM holds 604), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIOV and SPSM?
The two portfolios are 59.7% 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 SPSM?
The largest positions held by both funds are JXN, PAYC, ESI, MTCH and EMN. Together the top 10 shared positions account for 8% of the total overlap.
What does VIOV own that SPSM doesn't?
25 positions (3.5% of VIOV) are unique to VIOV, led by MOH, SMTC and Gates Industrial Corp PLC COM USD0.01. In the other direction, 169 positions (34.7% of SPSM) are unique to SPSM.