VTWO vs XME: Holdings Overlap
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
XMEState Street® SPDR® S&P® Metals & Mining ETF
State Street (SPDR) · 39 holdings · $4.0B · as of 2026-08-06
Holdings snapshots are 67 days apart (VTWO: 2026-05-31, XME: 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 XME?
Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952 positions; State Street® SPDR® S&P® Metals & Mining ETF (XME, by State Street (SPDR)) holds 39. They have 26 holdings in common, and by portfolio weight the two funds are 2.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 26VTWO holds 1952 · XME holds 39
- Weight in Shared Holdings
- VTWO 3%·XME 58%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
1926 of 1952 positions (97.0% of the fund) are not held by XME. Showing the top 30 by weight.
Sector Breakdown
| Sector | VTWO | XME |
|---|---|---|
| Materials | 4.3% | 76.0% |
| Energy | 5.0% | 20.5% |
| Industrials | 19.4% | 0.0% |
| Information Technology | 17.8% | 0.0% |
| Health Care | 15.5% | 0.0% |
| Other Sectors | 33.1% | 0.0% |
| Unclassified | 4.8% | 3.4% |
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, 3% of XME).
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% |
| XME | +12.9% | +11.8% | +49.0% | +31.5% | +22.7% | +16.4% | 0.32% |
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 XME →
Shared Holdings(26)
The top 10 shared positions account for 79% of the overlap, led by CDE, HL and CMC.
 CDECoeur Mining Inc COM NEW | 0.58% | 4.14% | 0.58% |
|---|---|---|---|
 HLHecla Mining Company COM | 0.33% | 4.60% | 0.33% |
 CMCCommercial Metals Company COM | 0.25% | 4.08% | 0.25% |
 UECUranium Energy Corp. COM | 0.19% | 4.65% | 0.19% |
 USARUSA Rare Earth Inc. COM | 0.15% | 3.49% | 0.15% |
 HCCWarrior Met Coal Inc COM | 0.14% | 3.84% | 0.14% |
 MTRNMaterion Corp COM | 0.13% | 3.82% | 0.13% |
 CNRCore Natural Resources Inc. COM SHS | 0.13% | 4.02% | 0.13% |
 CENXCentury Aluminum Company COM | 0.11% | 3.17% | 0.11% |
 BTUPeabody Energy Corp. COM | 0.10% | 3.32% | 0.10% |
 LEUCentrus Energy Corp., Class A | 0.09% | 4.72% | 0.09% |
 KALUKaiser Aluminium Corporation COM PAR $0.01 | 0.09% | 2.49% | 0.09% |
 AMRAlpha Metallurgical Resources Inc COM | 0.07% | 1.87% | 0.07% |
 IEIvanhoe Electric Inc / US | 0.04% | 1.87% | 0.04% |
 WSWorthington Steel Inc. COM SHS | 0.04% | 0.64% | 0.04% |
 RYZRyerson Holding Corporation COM | 0.04% | 0.66% | 0.04% |
 UAMYUnited States Antimony Corp COM | 0.03% | 1.15% | 0.03% |
 CMPCompass Minerals International Inc. COM | 0.03% | 0.90% | 0.03% |
 SXCSunCoke Energy, Inc. COM | 0.02% | 0.87% | 0.02% |
 MTUSMetallus Inc. COM | 0.02% | 0.46% | 0.02% |
 METCRamaco Resources, Inc., Class A | 0.02% | 0.46% | 0.02% |
 IDRIdaho Strategic Resources COM NEW | 0.02% | 0.66% | 0.02% |
 DCDakota Gold Corp COM | 0.02% | 0.64% | 0.02% |
 ABATAmerican Battery Technology COM NEW | 0.01% | 0.43% | 0.01% |
 CTGOContango Silver & Gold, Inc. | 0.01% | 0.73% | 0.01% |
Frequently Asked Questions
How much do VTWO and XME overlap?
VTWO and XME overlap by 2.7% of portfolio weight. They share 26 holdings (VTWO holds 1952 positions and XME holds 39), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VTWO and XME?
The two portfolios are 2.7% 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 XME?
The largest positions held by both funds are CDE, HL, CMC, UEC and USAR. Together the top 10 shared positions account for 79% of the total overlap.
What does VTWO own that XME doesn't?
1926 positions (97.0% of VTWO) are unique to VTWO, led by BE, CRDO and STRL. In the other direction, 13 positions (41.8% of XME) are unique to XME.