VOE vs VO: Holdings Overlap
VOEVanguard Mid-cap Value Index Fund
Vanguard · 170 holdings · $24.2B · as of 2026-03-31
Vanguard · 289 holdings · $109.2B · as of 2026-03-31
How similar are VOE and VO?
Vanguard Mid-cap Value Index Fund (VOE, by Vanguard) holds 170 positions; Vanguard Mid-cap Index Fund (VO, by Vanguard) holds 289. They have 170 holdings in common, and by portfolio weight the two funds are 59.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 59.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 170VOE holds 170 · VO holds 289
- Weight in Shared Holdings
- VOE 99%·VO 60%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 VOE
Every position in VOE is also held by VO, so it brings nothing the other fund doesn’t already own.
Only in VO
119 of 289 positions (39.6% of the fund) are not held by VOE. Showing the top 30 by weight.
Sector Breakdown
| Sector | VOE | VO |
|---|---|---|
| Industrials | 13.6% | 18.4% |
| Financials | 17.6% | 13.8% |
| Information Technology | 8.2% | 14.2% |
| Energy | 13.0% | 8.8% |
| Utilities | 12.7% | 8.8% |
| Other Sectors | 34.4% | 35.6% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VOE | +3.2% | +17.9% | +26.2% | +15.9% | +10.1% | +10.8% | 1.80% |
| VO | +2.6% | +14.8% | +18.0% | +15.7% | +8.0% | +11.6% | 1.29% |
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 VOE vs VO →
Shared Holdings(170)
The top 10 shared positions account for 13% of the overlap, led by WDC, SLB and CMI.
 WDCWestern Digital Corp. COM | 0.86% | 1.00% | 0.86% |
|---|---|---|---|
 SLBSLB Ltd. COM USD0.01 | 1.44% | 0.84% | 0.84% |
 CMICummins Inc. COM | 1.39% | 0.81% | 0.81% |
 VLOValero Energy Corp. COM | 1.38% | 0.80% | 0.80% |
 PSXPhillips 66 COM | 1.37% | 0.80% | 0.80% |
 MPCMarathon Petroleum Corp. COM | 1.35% | 0.78% | 0.78% |
 CRHCRH plc | 1.32% | 0.77% | 0.77% |
 GMGeneral Motors Company COM | 1.26% | 0.73% | 0.73% |
 WBDWarner Bros. Discovery Inc. COM SER A | 1.21% | 0.70% | 0.70% |
 LHXL3 Harris Technologies Inc COM | 1.21% | 0.70% | 0.70% |
 DLRDigital Realty Trust Inc. COM | 1.16% | 0.67% | 0.67% |
 TELTE Connectivity PLC ORD SHS | 1.15% | 0.67% | 0.67% |
 PCARPaccar Inc COM | 1.14% | 0.66% | 0.66% |
 BKRBaker Hughes Co., Class A | 1.13% | 0.66% | 0.66% |
 NEMNewmont Corporation COM | 1.10% | 0.64% | 0.64% |
 CORCencora Inc COM | 1.09% | 0.63% | 0.63% |
 CTVACorteva Inc COM | 1.07% | 0.62% | 0.62% |
 OKEOneok Inc. COM | 1.07% | 0.62% | 0.62% |
 LNGCheniere Energy Inc COM NEW | 1.06% | 0.62% | 0.62% |
 AJGArthur J. Gallagher & Co. | 1.04% | 0.61% | 0.61% |
 TGTTarget Corp. COM | 1.03% | 0.60% | 0.60% |
 DDominion Energy Inc COM | 1.02% | 0.59% | 0.59% |
 ALLThe Allstate Corporation COM | 1.01% | 0.59% | 0.59% |
 ETREntergy Corporation COM | 0.95% | 0.55% | 0.55% |
 CAHCardinal Health, Inc. COM | 0.93% | 0.54% | 0.54% |
Frequently Asked Questions
How much do VOE and VO overlap?
VOE and VO overlap by 59.4% of portfolio weight. They share 170 holdings (VOE holds 170 positions and VO holds 289), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOE and VO?
The two portfolios are 59.4% 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 VOE and VO?
The largest positions held by both funds are WDC, SLB, CMI, VLO and PSX. Together the top 10 shared positions account for 13% of the total overlap.
What does VOE own that VO doesn't?
Nothing. Every position in VOE is also held by VO. In the other direction, 119 positions (39.6% of VO) are unique to VO.