AIVSX vs AVDV: 0% overlap
American Funds Investment Company of America A and Avantis International Small Cap Value ETF share 0.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 31 days apart — AVDV as of 2026-02-28, the rest through 2026-03-31. 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AIVSX and AVDV hold 2 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AIVSX | in AVDV | Δ |
|---|---|---|---|
| CASH | 0.1% | 1.2% | 1.1% |
| AIR | 0.1% | 0.1% | 0.0% |
Where AIVSX and AVDV 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 | AIVSX | AVDV | Δ |
|---|---|---|---|
| Information Technology | 29.2% | 4.8% | +24.4pp |
| Unclassified | 5.5% | 20.7% | −15.3pp |
| Materials | 3.1% | 15.6% | −12.6pp |
| Health Care | 11.2% | 1.8% | +9.4pp |
| Communication Services | 9.9% | 1.8% | +8.1pp |
| Industrials | 11.8% | 18.9% | −7.1pp |
| Financials | 8.2% | 14.1% | −5.9pp |
| Consumer Staples | 6.4% | 2.8% | +3.5pp |
Δ is AIVSX minus AVDV, 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
100.2% of AIVSX by weight, held in no part of AVDV.
99.7% of AVDV by weight, held in no part of AIVSX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AIVSX | AVDV | |
|---|---|---|
| Top 10 holdings | 39.5% | 9.0% |
| Positions held | 168 | 1,646 |
| Cost per $10,000 held, per year | $58 | $36 |
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 AIVSX and AVDV overlap?
AIVSX and AVDV overlap 0.1% by portfolio weight — largely distinct portfolios. They share 2 holdings. The figure comes from current issuer holdings files (AIVSX as of 2026-03-31, AVDV as of 2026-02-28).
How is the overlap between AIVSX and AVDV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AIVSX holds a stock at 6% and AVDV 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 AIVSX and AVDV?
That depends on your goals — we state facts, not advice. At 0.1% overlap, each fund still contributes meaningfully distinct exposure.
What does AIVSX own that AVDV doesn't?
AIVSX holds 168 positions and AVDV holds 1,646; 166 of AIVSX's positions don't appear in AVDV at all, and they are 100.2% of AIVSX by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, AIVSX as of 2026-03-31, AVDV as of 2026-02-28. Weights are fractions of each fund. Diagnostics, not advice.