AVUV vs VTWAX: 1% overlap
Avantis U.S. Small Cap Value ETF and Vanguard Total World Stock 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 about 4 months apart — AVUV as of 2026-02-28, 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVUV and VTWAX hold 258 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVUV | in VTWAX | Δ |
|---|---|---|---|
| CASH | 0.3% | 1.0% | 0.7% |
| CNR | 0.2% | 0.1% | 0.1% |
| EBS | 0.1% | 0.0% | 0.0% |
| AD | 0.1% | 0.0% | 0.1% |
| VAL | 0.6% | 0.0% | 0.6% |
| TRN | 0.4% | 0.0% | 0.4% |
| ABG | 0.1% | 0.0% | 0.1% |
| MLI | 0.3% | 0.0% | 0.3% |
| SLM | 0.4% | 0.0% | 0.4% |
| SANM | 0.2% | 0.0% | 0.2% |
Where AVUV and VTWAX 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 | VTWAX | Δ |
|---|---|---|---|
| Information Technology | 5.4% | 30.1% | −24.7pp |
| Energy | 16.8% | 3.0% | +13.8pp |
| Financials | 24.1% | 14.9% | +9.2pp |
| Consumer Discretionary | 16.9% | 8.6% | +8.2pp |
| Industrials | 17.3% | 11.5% | +5.9pp |
| Communication Services | 2.3% | 7.0% | −4.7pp |
| Health Care | 3.5% | 7.7% | −4.2pp |
| Utilities | 0.9% | 2.5% | −1.6pp |
Δ is AVUV minus VTWAX, 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
30.9% of AVUV by weight, held in no part of VTWAX.
97.9% of VTWAX 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 | VTWAX | |
|---|---|---|
| Top 10 holdings | 8.5% | 20.5% |
| Positions held | 774 | 9,600 |
| Cost per $10,000 held, per year | $25 | $9 |
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 VTWAX overlap?
AVUV and VTWAX overlap 1.3% by portfolio weight — largely distinct portfolios. They share 258 holdings. The figure comes from current issuer holdings files (AVUV as of 2026-02-28, VTWAX as of 2026-06-30).
How is the overlap between AVUV and VTWAX 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 VTWAX 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 VTWAX?
That depends on your goals — we state facts, not advice. At 1.3% overlap, each fund still contributes meaningfully distinct exposure.
What does AVUV own that VTWAX doesn't?
AVUV holds 774 positions and VTWAX holds 9,600; 516 of AVUV's positions don't appear in VTWAX at all, and they are 30.9% of AVUV by weight.
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Related comparisons
Sources: issuer holdings files, AVUV as of 2026-02-28, VTWAX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.