VIS vs VTWO: Holdings Overlap
VISVanguard Industrials Index Fund
Vanguard · 381 holdings · $8.5B · as of 2026-05-31
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
How similar are VIS and VTWO?
Vanguard Industrials Index Fund (VIS, by Vanguard) holds 381 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 201 holdings in common, and by portfolio weight the two funds are 9.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 9.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 201VIS holds 381 · VTWO holds 1952
- Weight in Shared Holdings
- VIS 9%·VTWO 19%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 VIS
180 of 381 positions (90.5% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1751 of 1952 positions (80.8% of the fund) are not held by VIS. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIS | VTWO |
|---|---|---|
| Industrials | 99.3% | 19.4% |
| Information Technology | 0.3% | 17.8% |
| Health Care | 0.0% | 15.5% |
| Financials | 0.0% | 14.3% |
| Consumer Discretionary | 0.0% | 7.3% |
| Other Sectors | 0.0% | 20.8% |
| Unclassified | 0.0% | 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 (0% of VIS, 5% of VTWO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VIS | +1.5% | +20.1% | +25.2% | +20.8% | +14.0% | +14.1% | 0.87% |
| 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 VIS vs VTWO →
Shared Holdings(201)
The top 10 shared positions account for 31% of the overlap, led by BE, STRL and NXT.
 BEBloom Energy Corporation COM CL A | 0.91% | 1.83% | 0.91% |
|---|---|---|---|
 STRLSterling Infrastructure Inc COM | 0.37% | 0.75% | 0.37% |
 NXTNextpower Inc. CLASS A COM | 0.33% | 0.67% | 0.33% |
 DYDycom Industries, Inc. COM | 0.22% | 0.44% | 0.22% |
 MODModine Manufacturing Co. COM | 0.20% | 0.43% | 0.20% |
 PLPlanet Labs PBC, Class A | 0.18% | 0.41% | 0.18% |
 KTOSKratos Defense & Security Solutions, Inc. COM NEW | 0.15% | 0.34% | 0.15% |
 SPXCSPX Technologies, Inc. COM | 0.15% | 0.31% | 0.15% |
 MOG-AMoog, Inc., Class A | 0.15% | 0.30% | 0.15% |
| Chart Industries Inc COM | 0.14% | 0.28% | 0.14% |
 AGXArgan Inc COM | 0.13% | 0.26% | 0.13% |
 WTSWatts Water Technologies, Inc., Class A | 0.12% | 0.25% | 0.12% |
 ENSEnerSys COM | 0.12% | 0.25% | 0.12% |
 POWLPowell Industries Inc. COM | 0.12% | 0.24% | 0.12% |
 VICRVicor Corporation | 0.11% | 0.23% | 0.11% |
 ESEESCO Technologies Inc. COM | 0.11% | 0.22% | 0.11% |
 FLRFluor Corporation COM | 0.10% | 0.22% | 0.10% |
 MYRGMYR Group, Inc. | 0.10% | 0.21% | 0.10% |
 ZWSZurn Elkay Water Solutions Corporation COM | 0.10% | 0.21% | 0.10% |
 JBTMJBT Marel Corp. COM | 0.10% | 0.21% | 0.10% |
 PRIMPrimoris Services Corp. COM | 0.10% | 0.20% | 0.10% |
 AVAVAeroVironment, Inc. COM | 0.10% | 0.23% | 0.10% |
 TEXTerex Corporation COM | 0.09% | 0.19% | 0.09% |
 FSSFederal Signal Corp. COM | 0.09% | 0.19% | 0.09% |
 NPOEnpro Inc COM | 0.09% | 0.19% | 0.09% |
Frequently Asked Questions
How much do VIS and VTWO overlap?
VIS and VTWO overlap by 9.1% of portfolio weight. They share 201 holdings (VIS holds 381 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIS and VTWO?
The two portfolios are 9.1% 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 VIS and VTWO?
The largest positions held by both funds are BE, STRL, NXT, DY and MOD. Together the top 10 shared positions account for 31% of the total overlap.
What does VIS own that VTWO doesn't?
180 positions (90.5% of VIS) are unique to VIS, led by CAT, GE and GEV. In the other direction, 1751 positions (80.8% of VTWO) are unique to VTWO.