VOX vs VTWO: Holdings Overlap
VOXVanguard Communication Services Index Fund
Vanguard · 114 holdings · $5.9B · as of 2026-05-31
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
How similar are VOX and VTWO?
Vanguard Communication Services Index Fund (VOX, by Vanguard) holds 114 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 62 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
- 62VOX holds 114 · VTWO holds 1952
- Weight in Shared Holdings
- VOX 5%·VTWO 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 VOX
52 of 114 positions (94.5% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1890 of 1952 positions (97.1% of the fund) are not held by VOX. Showing the top 30 by weight.
Sector Breakdown
| Sector | VOX | VTWO |
|---|---|---|
| Communication Services | 99.7% | 2.5% |
| Industrials | 0.0% | 19.4% |
| Information Technology | 0.0% | 17.8% |
| Health Care | 0.0% | 15.5% |
| Financials | 0.0% | 14.3% |
| Other Sectors | 0.0% | 25.5% |
| 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 VOX, 5% of VTWO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VOX | -1.3% | -2.7% | +8.9% | +20.4% | +6.4% | +8.3% | 1.05% |
| 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 VOX vs VTWO →
Shared Holdings(62)
The top 10 shared positions account for 62% of the overlap, led by ECHO, LUMN and GSAT.
 ECHOEchoStar Corp., Class A | 1.09% | 0.51% | 0.51% |
|---|---|---|---|
 LUMNLumen Technologies Inc COM | 0.64% | 0.31% | 0.31% |
 GSATGlobalstar Inc COM NEW | 0.26% | 0.12% | 0.12% |
 TDSTelephone and Data Systems Inc. COM NEW | 0.24% | 0.11% | 0.11% |
 SPHRSphere Entertainment Co., Class A | 0.21% | 0.11% | 0.11% |
 CNKCinemark Holdings Inc. COM | 0.18% | 0.09% | 0.09% |
 LIONLionsgate Studios Corp. COM | 0.17% | 0.09% | 0.09% |
 MSGEMadison Square Garden Entertainment Corp New COM CL A | 0.16% | 0.08% | 0.08% |
 CARGCargurus, Inc., Class A | 0.15% | 0.07% | 0.07% |
 BATRKAtlanta Braves Holdings, Inc., Class C | 0.14% | 0.07% | 0.07% |
 MGNIMagnite Inc COM | 0.12% | 0.06% | 0.06% |
 UNITUniti Group LLC COM SHS | 0.10% | 0.06% | 0.06% |
 BANDBandwidth, Inc., Class A | 0.11% | 0.05% | 0.05% |
 ZDZiff Davis Inc COM | 0.11% | 0.05% | 0.05% |
 IMAXIMAX Corporation COM | 0.11% | 0.05% | 0.05% |
 WLYJohn Wiley & Sons, Inc., Class A | 0.10% | 0.05% | 0.05% |
 YELPYelp Inc CL A | 0.08% | 0.04% | 0.04% |
 TRIPTripadvisor Inc COM | 0.07% | 0.04% | 0.04% |
 LILAKLiberty Latin America Ltd COM USD0.01 CL C | 0.07% | 0.03% | 0.03% |
 TDAYUSA Today Co. Inc. COM | 0.07% | 0.03% | 0.03% |
 RUMRumble, Inc., Class A | 0.04% | 0.03% | 0.03% |
 IDTIDT Corp., Class B | 0.07% | 0.03% | 0.03% |
 AMCAMC Entertainment Holdings, Inc., Class A | 0.05% | 0.03% | 0.03% |
 CCOICogent Communications Holdings, Inc. COM NEW | 0.05% | 0.03% | 0.03% |
 SCHLScholastic Corporation COM | 0.03% | 0.02% | 0.02% |
Frequently Asked Questions
How much do VOX and VTWO overlap?
VOX and VTWO overlap by 2.5% of portfolio weight. They share 62 holdings (VOX holds 114 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOX and VTWO?
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 VOX and VTWO?
The largest positions held by both funds are ECHO, LUMN, GSAT, TDS and SPHR. Together the top 10 shared positions account for 62% of the total overlap.
What does VOX own that VTWO doesn't?
52 positions (94.5% of VOX) are unique to VOX, led by META, GOOGL and GOOG. In the other direction, 1890 positions (97.1% of VTWO) are unique to VTWO.