FSPSX vs VNQ: 1% overlap
Fidelity International Index and Vanguard Real Estate ETF share 0.6% 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 4 months apart — FSPSX 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
FSPSX and VNQ hold 1 of the same securities. The ten contributing most to the overlap figure:
| Holding | in FSPSX | in VNQ | Δ |
|---|---|---|---|
| CASH | 1.8% | 0.6% | 1.2% |
Where FSPSX and VNQ 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 | FSPSX | VNQ | Δ |
|---|---|---|---|
| Real Estate | 0.0% | 84.0% | −84.0pp |
| Unclassified | 98.0% | 14.7% | +83.4pp |
| Cash and/or Derivatives | 1.8% | 0.6% | +1.2pp |
| Industrials | 0.3% | 0.0% | +0.3pp |
| Consumer Discretionary | 0.0% | 0.2% | −0.2pp |
| Financials | 0.1% | 0.3% | −0.2pp |
| Consumer Staples | 0.1% | 0.2% | −0.1pp |
| Communication Services | 0.1% | 0.0% | +0.1pp |
Δ is FSPSX minus VNQ, 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
98.6% of FSPSX by weight, held in no part of VNQ.
99.4% of VNQ by weight, held in no part of FSPSX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| FSPSX | VNQ | |
|---|---|---|
| Top 10 holdings | 14.3% | 54.1% |
| Positions held | 701 | 145 |
| Cost per $10,000 held, per year | $4 | $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 FSPSX and VNQ overlap?
FSPSX and VNQ overlap 0.6% by portfolio weight — largely distinct portfolios. They share 1 holdings. The figure comes from current issuer holdings files (FSPSX as of 2026-02-28, VNQ as of 2026-06-30).
How is the overlap between FSPSX and VNQ calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If FSPSX holds a stock at 6% and VNQ 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 FSPSX and VNQ?
That depends on your goals — we state facts, not advice. At 0.6% overlap, each fund still contributes meaningfully distinct exposure.
What does FSPSX own that VNQ doesn't?
FSPSX holds 701 positions and VNQ holds 145; 700 of FSPSX's positions don't appear in VNQ at all, and they are 98.6% of FSPSX by weight.
You probably hold more than two funds
This page compares FSPSX and VNQ. 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 FSPSX vs VNQ
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, FSPSX as of 2026-02-28, VNQ as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.