AVUV vs VFMO: 11% overlap
Avantis U.S. Small Cap Value ETF and Vanguard U.S. Momentum Factor ETF share 11.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 31 days apart — AVUV 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVUV and VFMO hold 155 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVUV | in VFMO | Δ |
|---|---|---|---|
| FIVE | 1.0% | 0.3% | 0.6% |
| CASH | 0.3% | 1.4% | 1.1% |
| R | 0.6% | 0.2% | 0.4% |
| FDP | 0.2% | 0.2% | 0.0% |
| M | 0.9% | 0.2% | 0.7% |
| DAN | 0.7% | 0.2% | 0.5% |
| WFRD | 0.7% | 0.2% | 0.5% |
| SANM | 0.2% | 0.2% | 0.0% |
| AGX | 0.3% | 0.2% | 0.1% |
| PRIM | 0.5% | 0.2% | 0.3% |
Where AVUV and VFMO 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 | VFMO | Δ |
|---|---|---|---|
| Health Care | 3.5% | 22.3% | −18.8pp |
| Financials | 24.1% | 6.3% | +17.8pp |
| Information Technology | 5.4% | 17.0% | −11.6pp |
| Consumer Discretionary | 16.9% | 7.8% | +9.0pp |
| Energy | 16.7% | 7.7% | +9.0pp |
| Industrials | 17.3% | 24.4% | −7.1pp |
| Unclassified | 3.5% | 0.9% | +2.7pp |
| Materials | 4.4% | 6.2% | −1.8pp |
Δ is AVUV minus VFMO, 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
64.9% of AVUV by weight, held in no part of VFMO.
85.2% of VFMO 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 | VFMO | |
|---|---|---|
| Top 10 holdings | 8.5% | 10.2% |
| Positions held | 774 | 672 |
| Cost per $10,000 held, per year | $25 | $13 |
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 VFMO overlap?
AVUV and VFMO overlap 11.4% by portfolio weight — largely distinct portfolios. They share 155 holdings. The figure comes from current issuer holdings files (AVUV as of 2026-02-28, VFMO as of 2026-03-31).
How is the overlap between AVUV and VFMO 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 VFMO 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 VFMO?
That depends on your goals — we state facts, not advice. At 11.4% overlap, each fund still contributes meaningfully distinct exposure.
What does AVUV own that VFMO doesn't?
AVUV holds 774 positions and VFMO holds 672; 619 of AVUV's positions don't appear in VFMO at all, and they are 64.9% of AVUV by weight.
You probably hold more than two funds
This page compares AVUV and VFMO. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch AVUV vs VFMO
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, AVUV as of 2026-02-28, VFMO as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.