ITOT vs VBIAX: 5% overlap
iShares Core S&P Total U.S. Stock Market ETF and Vanguard Balanced Index Admiral share 5.2% 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 — VBIAX as of 2026-03-31, the rest through 2026-07-23. 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ITOT and VBIAX hold 279 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ITOT | in VBIAX | Δ |
|---|---|---|---|
| LLY | 1.3% | 0.7% | 0.6% |
| IBM | 0.3% | 0.2% | 0.1% |
| MCD | 0.3% | 0.2% | 0.0% |
| CASH | 0.2% | 1.8% | 1.6% |
| T | 0.2% | 0.2% | 0.0% |
| TMO | 0.3% | 0.2% | 0.1% |
| DIS | 0.2% | 0.2% | 0.1% |
| APH | 0.3% | 0.1% | 0.1% |
| ETN | 0.2% | 0.1% | 0.1% |
| QCOM | 0.3% | 0.1% | 0.1% |
Where ITOT and VBIAX 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 | ITOT | VBIAX | Δ |
|---|---|---|---|
| Unclassified | 0.0% | 55.1% | −55.1pp |
| Information Technology | 35.2% | 1.0% | +34.2pp |
| Treasuries | 0.0% | 19.1% | −19.1pp |
| Industrials | 10.1% | 0.7% | +9.4pp |
| Financials | 12.7% | 3.6% | +9.0pp |
| Health Care | 9.7% | 1.2% | +8.5pp |
| Consumer Discretionary | 8.8% | 0.5% | +8.3pp |
| Communication Services | 8.7% | 0.5% | +8.2pp |
Δ is ITOT minus VBIAX, 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
91.5% of ITOT by weight, held in no part of VBIAX.
94.1% of VBIAX by weight, held in no part of ITOT.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ITOT | VBIAX | |
|---|---|---|
| Top 10 holdings | 32.7% | 45.2% |
| Positions held | 2,440 | 5,119 |
| Cost per $10,000 held, per year | $3 | $7 |
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 ITOT and VBIAX overlap?
ITOT and VBIAX overlap 5.2% by portfolio weight — largely distinct portfolios. They share 279 holdings. The figure comes from current issuer holdings files (ITOT as of 2026-07-23, VBIAX as of 2026-03-31).
How is the overlap between ITOT and VBIAX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ITOT holds a stock at 6% and VBIAX 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 ITOT and VBIAX?
That depends on your goals — we state facts, not advice. At 5.2% overlap, each fund still contributes meaningfully distinct exposure.
What does ITOT own that VBIAX doesn't?
ITOT holds 2,440 positions and VBIAX holds 5,119; 2,160 of ITOT's positions don't appear in VBIAX at all, and they are 91.5% of ITOT by weight.
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Related comparisons
Sources: issuer holdings files, ITOT as of 2026-07-23, VBIAX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.