FSPSX vs VXUS: 3% overlap

Fidelity International Index and Vanguard Total International Stock ETF share 2.6% 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.

Hold both, 50/50
2.0Effective Funds

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.

Overlap
2.6%
FSPSX expense ratio
0.03%
VXUS expense ratio
0.05%

Top shared holdings

FSPSX and VXUS hold 11 of the same securities. The ten contributing most to the overlap figure:

Holdingin FSPSXin VXUSΔ
CASH1.8%2.4%0.6%
FR00000539510.2%0.2%0.0%
DE00084300260.4%0.2%0.2%
FR00111495900.2%0.1%0.0%
VOLV-B0.3%0.1%0.2%
FR00132154070.1%0.1%0.0%
TEF0.1%0.0%0.0%
25030.1%0.0%0.0%
DSCT0.1%0.0%0.0%
79110.0%0.0%0.0%

Where FSPSX and VXUS 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.

SectorFSPSXVXUSΔ
Unclassified98.0%9.1%+88.9pp
Information Technology0.0%20.9%20.9pp
Financials0.1%19.7%19.6pp
Industrials0.3%13.8%13.5pp
Consumer Discretionary0.0%7.5%7.5pp
Health Care0.0%5.3%5.3pp
Materials0.0%5.2%5.2pp
Consumer Staples0.1%4.9%4.8pp

Δ is FSPSX minus VXUS, 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 FSPSX
690 positions

97.3% of FSPSX by weight, held in no part of VXUS.

Only in VXUS
8,442 positions

96.8% of VXUS 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

FSPSXVXUS
Top 10 holdings14.3%16.3%
Positions held7018,453
Cost per $10,000 held, per year$4$5

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 VXUS overlap?

FSPSX and VXUS overlap 2.6% by portfolio weight — largely distinct portfolios. They share 11 holdings. The figure comes from current issuer holdings files (FSPSX as of 2026-02-28, VXUS as of 2026-06-30).

How is the overlap between FSPSX and VXUS 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 VXUS 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 VXUS?

That depends on your goals — we state facts, not advice. At 2.6% overlap, each fund still contributes meaningfully distinct exposure.

What does FSPSX own that VXUS doesn't?

FSPSX holds 701 positions and VXUS holds 8,453; 690 of FSPSX's positions don't appear in VXUS at all, and they are 97.3% of FSPSX by weight.

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Related comparisons

Sources: issuer holdings files, FSPSX as of 2026-02-28, VXUS as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.