AVDV vs VBIAX: 1% overlap
Avantis International Small Cap Value ETF and Vanguard Balanced Index Admiral share 1.3% 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
AVDV and VBIAX hold 9 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVDV | in VBIAX | Δ |
|---|---|---|---|
| CASH | 1.2% | 1.8% | 0.6% |
| DIS | 0.1% | 0.2% | 0.0% |
| ESI | 0.0% | 0.0% | 0.0% |
| AMG | 0.1% | 0.0% | 0.0% |
| ALK | 0.0% | 0.0% | 0.0% |
| PLUS | 0.3% | 0.0% | 0.3% |
| NHC | 0.2% | 0.0% | 0.2% |
| FOUR | 0.0% | 0.0% | 0.0% |
| HAS | 0.0% | 0.0% | 0.0% |
Where AVDV and VBIAX 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 | AVDV | VBIAX | Δ |
|---|---|---|---|
| Unclassified | 20.7% | 55.1% | −34.4pp |
| Treasuries | 0.0% | 19.1% | −19.1pp |
| Industrials | 18.9% | 0.7% | +18.2pp |
| Materials | 15.6% | 0.1% | +15.6pp |
| Financials | 14.1% | 3.6% | +10.5pp |
| Consumer Discretionary | 10.6% | 0.5% | +10.1pp |
| MBS Pass-Through | 0.0% | 8.1% | −8.1pp |
| Corporate — industrial & other | 0.0% | 5.8% | −5.8pp |
Δ is AVDV minus VBIAX, 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
99.0% of AVDV by weight, held in no part of VBIAX.
98.9% of VBIAX by weight, held in no part of AVDV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVDV | VBIAX | |
|---|---|---|
| Top 10 holdings | 9.0% | 45.2% |
| Positions held | 1,646 | 5,119 |
| Cost per $10,000 held, per year | $36 | $7 |
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 AVDV and VBIAX overlap?
AVDV and VBIAX overlap 1.3% by portfolio weight — largely distinct portfolios. They share 9 holdings. The figure comes from current issuer holdings files (AVDV as of 2026-02-28, VBIAX as of 2026-03-31).
How is the overlap between AVDV and VBIAX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVDV holds a stock at 6% and VBIAX 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 AVDV and VBIAX?
That depends on your goals — we state facts, not advice. At 1.3% overlap, each fund still contributes meaningfully distinct exposure.
What does AVDV own that VBIAX doesn't?
AVDV holds 1,646 positions and VBIAX holds 5,119; 1,637 of AVDV's positions don't appear in VBIAX at all, and they are 99.0% of AVDV by weight.
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Related comparisons
Sources: issuer holdings files, AVDV as of 2026-02-28, VBIAX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.