AWSHX vs VFORX: 25% overlap

American Funds Washington Mutual A and Vanguard Target Retirement 2040 share 24.6% 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 — VFORX 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.

Hold both, 50/50
1.8Effective Funds

You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
24.6%
AWSHX expense ratio
0.57%
VFORX expense ratio
0.08%

Top shared holdings

AWSHX and VFORX hold 179 of the same securities. The ten contributing most to the overlap figure:

Holdingin AWSHXin VFORXΔ
AAPL2.4%2.5%0.1%
MSFT4.6%1.7%3.0%
NVDA1.6%2.8%1.1%
GOOGL2.0%1.3%0.8%
AVGO7.5%1.1%6.4%
GOOG1.5%1.0%0.6%
META1.4%0.7%0.6%
AMZN0.7%1.4%0.7%
LLY1.6%0.6%1.0%
ASML1.1%0.5%0.6%

Where AWSHX and VFORX 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.

SectorAWSHXVFORXΔ
Treasuries0.0%8.7%8.7pp
Health Care10.7%5.8%+5.0pp
MBS Pass-Through0.0%3.7%3.7pp
Consumer Staples7.0%3.4%+3.7pp
Industrials11.7%8.7%+3.0pp
Corporate — industrial & other0.0%2.8%2.8pp
Financials15.0%12.7%+2.3pp
Cash and/or Derivatives0.0%1.8%1.8pp

Δ is AWSHX minus VFORX, 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

Only in AWSHX
18 positions

6.4% of AWSHX by weight, held in no part of VFORX.

Only in VFORX
16,503 positions

70.3% of VFORX by weight, held in no part of AWSHX.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

AWSHXVFORX
Top 10 holdings29.9%23.9%
Positions held1976
Cost per $10,000 held, per year$57$8

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 AWSHX and VFORX overlap?

AWSHX and VFORX overlap 24.6% by portfolio weight — moderate overlap. They share 179 holdings. The figure comes from current issuer holdings files (AWSHX as of 2026-04-30, VFORX as of 2026-03-31).

How is the overlap between AWSHX and VFORX calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AWSHX holds a stock at 6% and VFORX 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 AWSHX and VFORX?

That depends on your goals — we state facts, not advice. At 24.6% overlap, each fund still contributes meaningfully distinct exposure.

What does AWSHX own that VFORX doesn't?

AWSHX holds 197 positions and VFORX holds 6; 18 of AWSHX's positions don't appear in VFORX at all, and they are 6.4% of AWSHX by weight.

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Related comparisons

Sources: issuer holdings files, AWSHX as of 2026-04-30, VFORX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.