FXAIX vs VXF: 0% overlap
Fidelity 500 Index and Vanguard Extended Market ETF share 0.4% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
FXAIX and VXF hold 9 of the same securities. The ten contributing most to the overlap figure:
| Holding | in FXAIX | in VXF | Δ |
|---|---|---|---|
| CASH | 0.3% | 3.8% | 3.5% |
| CAG | 0.0% | 0.1% | 0.1% |
| MOH | 0.0% | 0.1% | 0.1% |
| EPAM | 0.0% | 0.0% | 0.0% |
| MTCH | 0.0% | 0.1% | 0.1% |
| POOL | 0.0% | 0.1% | 0.1% |
| LW | 0.0% | 0.1% | 0.1% |
| PAYC | 0.0% | 0.1% | 0.0% |
| CPB | 0.0% | 0.0% | 0.0% |
Where FXAIX and VXF 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 | VXF | Δ |
|---|---|---|---|
| Information Technology | 31.8% | 17.6% | +14.2pp |
| Industrials | 8.3% | 19.8% | −11.5pp |
| Communication Services | 10.5% | 4.5% | +6.1pp |
| Health Care | 9.6% | 13.2% | −3.6pp |
| Cash and/or Derivatives | 0.3% | 3.8% | −3.5pp |
| Real Estate | 2.0% | 4.8% | −2.8pp |
| Consumer Staples | 5.4% | 2.7% | +2.6pp |
| Materials | 1.5% | 4.1% | −2.6pp |
Δ is FXAIX minus VXF, 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
99.8% of FXAIX by weight, held in no part of VXF.
95.6% of VXF 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 | VXF | |
|---|---|---|
| Top 10 holdings | 36.4% | 10.6% |
| Positions held | 506 | 3,327 |
| Cost per $10,000 held, per year | $1 | $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 FXAIX and VXF overlap?
FXAIX and VXF overlap 0.4% by portfolio weight — largely distinct portfolios. They share 9 holdings. The figure comes from current issuer holdings files (FXAIX as of 2026-02-28, VXF as of 2026-06-30).
How is the overlap between FXAIX and VXF 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 VXF 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 VXF?
That depends on your goals — we state facts, not advice. At 0.4% overlap, each fund still contributes meaningfully distinct exposure.
What does FXAIX own that VXF doesn't?
FXAIX holds 506 positions and VXF holds 3,327; 496 of FXAIX's positions don't appear in VXF at all, and they are 99.8% of FXAIX by weight.
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Related comparisons
Sources: issuer holdings files, FXAIX as of 2026-02-28, VXF as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.