AVUV vs FXAIX: 0% overlap
Avantis U.S. Small Cap Value ETF and Fidelity 500 Index share 0.3% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
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
AVUV and FXAIX hold 1 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVUV | in FXAIX | Δ |
|---|---|---|---|
| CASH | 0.3% | 0.3% | 0.0% |
Where AVUV and FXAIX 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 | AVUV | FXAIX | Δ |
|---|---|---|---|
| Information Technology | 5.4% | 31.8% | −26.4pp |
| Energy | 16.8% | 3.4% | +13.4pp |
| Financials | 24.1% | 12.0% | +12.1pp |
| Industrials | 17.3% | 8.3% | +9.0pp |
| Communication Services | 2.3% | 10.5% | −8.2pp |
| Consumer Discretionary | 16.9% | 9.7% | +7.2pp |
| Health Care | 3.5% | 9.6% | −6.1pp |
| Materials | 4.4% | 1.5% | +2.9pp |
Δ is AVUV minus FXAIX, 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
99.9% of AVUV by weight, held in no part of FXAIX.
99.9% of FXAIX by weight, held in no part of AVUV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVUV | FXAIX | |
|---|---|---|
| Top 10 holdings | 8.5% | 36.4% |
| Positions held | 774 | 506 |
| Cost per $10,000 held, per year | $25 | $1 |
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 AVUV and FXAIX overlap?
AVUV and FXAIX overlap 0.3% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (AVUV as of 2026-02-28, FXAIX as of 2026-02-28).
How is the overlap between AVUV and FXAIX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVUV holds a stock at 6% and FXAIX 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 AVUV and FXAIX?
That depends on your goals — we state facts, not advice. At 0.3% overlap, each fund still contributes meaningfully distinct exposure.
What does AVUV own that FXAIX doesn't?
AVUV holds 774 positions and FXAIX holds 506; 773 of AVUV's positions don't appear in FXAIX at all, and they are 99.9% of AVUV by weight.
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Related comparisons
Sources: issuer holdings files, AVUV as of 2026-02-28, FXAIX as of 2026-02-28. Weights are fractions of each fund. Diagnostics, not advice.