AIVSX vs VTV: 26% overlap
American Funds Investment Company of America A and Vanguard Value ETF share 25.7% 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 — AIVSX 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
AIVSX and VTV hold 90 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AIVSX | in VTV | Δ |
|---|---|---|---|
| HD | 1.2% | 1.3% | 0.2% |
| ABBV | 1.1% | 1.7% | 0.6% |
| JPM | 1.1% | 3.1% | 2.0% |
| PM | 2.3% | 1.1% | 1.2% |
| UNH | 1.0% | 1.4% | 0.4% |
| RTX | 1.5% | 1.0% | 0.5% |
| WFC | 1.1% | 0.9% | 0.2% |
| MS | 0.9% | 0.9% | 0.0% |
| LIN | 1.7% | 0.9% | 0.8% |
| CSCO | 0.7% | 1.6% | 0.8% |
Where AIVSX and VTV 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 | VTV | Δ |
|---|---|---|---|
| Information Technology | 29.2% | 14.1% | +15.1pp |
| Financials | 8.2% | 22.1% | −13.9pp |
| Communication Services | 9.9% | 2.9% | +7.0pp |
| Consumer Discretionary | 10.0% | 3.9% | +6.1pp |
| Unclassified | 5.5% | 0.5% | +4.9pp |
| Energy | 1.9% | 6.8% | −4.9pp |
| Health Care | 11.2% | 15.1% | −3.9pp |
| Industrials | 11.8% | 15.0% | −3.1pp |
Δ is AIVSX minus VTV, 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
61.1% of AIVSX by weight, held in no part of VTV.
47.2% of VTV 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 | VTV | |
|---|---|---|
| Top 10 holdings | 39.5% | 23.6% |
| Positions held | 168 | 309 |
| Cost per $10,000 held, per year | $58 | $3 |
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 VTV overlap?
AIVSX and VTV overlap 25.7% by portfolio weight — moderate overlap. They share 90 holdings. The figure comes from current issuer holdings files (AIVSX as of 2026-03-31, VTV as of 2026-06-30).
How is the overlap between AIVSX and VTV 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 VTV 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 VTV?
That depends on your goals — we state facts, not advice. At 25.7% overlap, each fund still contributes meaningfully distinct exposure.
What does AIVSX own that VTV doesn't?
AIVSX holds 168 positions and VTV holds 309; 78 of AIVSX's positions don't appear in VTV at all, and they are 61.1% of AIVSX by weight.
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Related comparisons
Sources: issuer holdings files, AIVSX as of 2026-03-31, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.