VTWO vs XHB: Holdings Overlap
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
XHBState Street® SPDR® S&P® Homebuilders ETF
State Street (SPDR) · 33 holdings · $1.5B · as of 2026-08-06
Holdings snapshots are 67 days apart (VTWO: 2026-05-31, XHB: 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 VTWO and XHB?
Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952 positions; State Street® SPDR® S&P® Homebuilders ETF (XHB, by State Street (SPDR)) holds 33. They have 13 holdings in common, and by portfolio weight the two funds are 1.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 13VTWO holds 1952 · XHB holds 33
- Weight in Shared Holdings
- VTWO 1%·XHB 29%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 VTWO
1939 of 1952 positions (98.3% of the fund) are not held by XHB. Showing the top 30 by weight.
Sector Breakdown
| Sector | VTWO | XHB |
|---|---|---|
| Consumer Discretionary | 7.3% | 57.9% |
| Industrials | 19.4% | 41.6% |
| Information Technology | 17.8% | 0.0% |
| Health Care | 15.5% | 0.0% |
| Financials | 14.3% | 0.0% |
| Other Sectors | 20.8% | 0.0% |
| Unclassified | 4.8% | 0.0% |
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 (5% of VTWO, 0% of XHB).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
| XHB | +1.3% | +8.1% | +3.6% | +10.1% | +8.8% | +12.8% | 0.71% |
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 VTWO vs XHB →
Shared Holdings(13)
The top 10 shared positions account for 96% of the overlap, led by MOD, IBP and MTH.
 MODModine Manufacturing Co. COM | 0.43% | 2.50% | 0.43% |
|---|---|---|---|
 IBPInstalled Building Products Inc COM | 0.14% | 4.14% | 0.14% |
 MTHMeritage Homes Corp COM | 0.13% | 3.43% | 0.13% |
 CVCOCavco Industries, Inc. | 0.12% | 3.43% | 0.12% |
 SKYChampion Homes Inc. COM | 0.12% | 3.91% | 0.12% |
 MHOM/I Homes Inc. COM | 0.10% | 2.23% | 0.10% |
 KBHKB Home COM | 0.09% | 3.66% | 0.09% |
 GRBKGreen Brick Partners Inc. COM | 0.06% | 1.01% | 0.06% |
 CCSCentury Communities Inc COM | 0.04% | 1.41% | 0.04% |
 LGIHLGI Homes Inc COM | 0.03% | 1.25% | 0.03% |
 BZHBeazer Homes USA Inc. COM NEW | 0.02% | 0.87% | 0.02% |
 HOVHovnanian Enterprises, Inc., Class A | 0.02% | 0.70% | 0.02% |
 DFHDream Finders Homes, Inc., Class A | 0.01% | 0.47% | 0.01% |
Frequently Asked Questions
How much do VTWO and XHB overlap?
VTWO and XHB overlap by 1.3% of portfolio weight. They share 13 holdings (VTWO holds 1952 positions and XHB holds 33), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VTWO and XHB?
The two portfolios are 1.3% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of VTWO and XHB?
The largest positions held by both funds are MOD, IBP, MTH, CVCO and SKY. Together the top 10 shared positions account for 96% of the total overlap.
What does VTWO own that XHB doesn't?
1939 positions (98.3% of VTWO) are unique to VTWO, led by BE, CRDO and STRL. In the other direction, 20 positions (70.5% of XHB) are unique to XHB.