ABALX vs VTTHX: 26% overlap
American Funds American Balanced A and Vanguard Target Retirement 2035 share 26.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — ABALX, VTTHX as of 2026-03-31, the rest through 2026-06-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ABALX and VTTHX hold 539 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ABALX | in VTTHX | Δ |
|---|---|---|---|
| AGENCY-MBS | 2.7% | 4.7% | 2.0% |
| NVDA | 2.0% | 2.5% | 0.5% |
| MSFT | 2.0% | 1.5% | 0.5% |
| GOOGL | 1.7% | 1.1% | 0.6% |
| AVGO | 3.4% | 1.0% | 2.4% |
| GOOG | 1.4% | 0.9% | 0.5% |
| AMZN | 0.8% | 1.2% | 0.4% |
| MU | 1.3% | 0.7% | 0.6% |
| META | 0.7% | 0.7% | 0.1% |
| AAPL | 0.6% | 2.3% | 1.7% |
Where ABALX and VTTHX differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | ABALX | VTTHX | Δ |
|---|---|---|---|
| Unclassified | 22.7% | 11.2% | +11.5pp |
| Information Technology | 16.0% | 19.5% | −3.6pp |
| Financials | 8.9% | 12.0% | −3.1pp |
| MBS Pass-Through | 2.7% | 4.7% | −2.0pp |
| Cash and/or Derivatives | 0.0% | 1.9% | −1.9pp |
| Industrials | 6.0% | 7.8% | −1.9pp |
| Health Care | 6.7% | 5.2% | +1.5pp |
| Consumer Staples | 4.4% | 3.0% | +1.4pp |
Δ is ABALX minus VTTHX, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
34.7% of ABALX by weight, held in no part of VTTHX.
63.6% of VTTHX by weight, held in no part of ABALX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ABALX | VTTHX | |
|---|---|---|
| Top 10 holdings | 36.3% | 26.4% |
| Positions held | 1,439 | 6 |
| Cost per $10,000 held, per year | $56 | $8 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do ABALX and VTTHX overlap?
ABALX and VTTHX overlap 26.4% by portfolio weight — moderate overlap. They share 539 holdings. The figure comes from current issuer holdings files (ABALX as of 2026-03-31, VTTHX as of 2026-03-31).
How is the overlap between ABALX and VTTHX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ABALX holds a stock at 6% and VTTHX holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both ABALX and VTTHX?
That depends on your goals — we state facts, not advice. At 26.4% overlap, each fund still contributes meaningfully distinct exposure.
What does ABALX own that VTTHX doesn't?
ABALX holds 1,439 positions and VTTHX holds 6; 899 of ABALX's positions don't appear in VTTHX at all, and they are 34.7% of ABALX by weight.
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Related comparisons
Sources: issuer holdings files, ABALX as of 2026-03-31, VTTHX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.