FXAIX vs VTV: 43% overlap
Fidelity 500 Index and Vanguard Value ETF share 43.1% 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 — FXAIX 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 1.6. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
FXAIX and VTV hold 276 of the same securities. The ten contributing most to the overlap figure:
| Holding | in FXAIX | in VTV | Δ |
|---|---|---|---|
| BRK-B | 1.6% | 2.9% | 1.4% |
| JPM | 1.4% | 3.1% | 1.7% |
| XOM | 1.1% | 2.1% | 1.0% |
| JNJ | 1.0% | 2.3% | 1.3% |
| WMT | 1.0% | 1.9% | 0.9% |
| MU | 0.8% | 4.9% | 4.1% |
| ABBV | 0.7% | 1.7% | 1.0% |
| PG | 0.7% | 1.3% | 0.6% |
| HD | 0.6% | 1.3% | 0.7% |
| GE | 0.6% | 0.7% | 0.1% |
Where FXAIX and VTV 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 | FXAIX | VTV | Δ |
|---|---|---|---|
| Information Technology | 31.8% | 14.1% | +17.7pp |
| Financials | 12.0% | 22.1% | −10.1pp |
| Communication Services | 10.5% | 2.9% | +7.7pp |
| Industrials | 8.3% | 15.0% | −6.6pp |
| Consumer Discretionary | 9.7% | 3.9% | +5.7pp |
| Health Care | 9.6% | 15.1% | −5.6pp |
| Energy | 3.4% | 6.8% | −3.4pp |
| Consumer Staples | 5.4% | 8.7% | −3.4pp |
Δ is FXAIX minus VTV, 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
56.8% of FXAIX by weight, held in no part of VTV.
6.9% of VTV by weight, held in no part of FXAIX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| FXAIX | VTV | |
|---|---|---|
| Top 10 holdings | 36.4% | 23.6% |
| Positions held | 506 | 309 |
| Cost per $10,000 held, per year | $1 | $3 |
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 FXAIX and VTV overlap?
FXAIX and VTV overlap 43.1% by portfolio weight — moderate overlap. They share 276 holdings. The figure comes from current issuer holdings files (FXAIX as of 2026-02-28, VTV as of 2026-06-30).
How is the overlap between FXAIX and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If FXAIX holds a stock at 6% and VTV 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 FXAIX and VTV?
That depends on your goals — we state facts, not advice. At 43.1% overlap, each fund still contributes meaningfully distinct exposure.
What does FXAIX own that VTV doesn't?
FXAIX holds 506 positions and VTV holds 309; 229 of FXAIX's positions don't appear in VTV at all, and they are 56.8% of FXAIX by weight.
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Related comparisons
Sources: issuer holdings files, FXAIX as of 2026-02-28, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.