IVE vs VGSLX: 4% overlap
iShares S&P 500 Value ETF and Vanguard Real Estate Index Admiral share 3.6% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
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
IVE and VGSLX hold 31 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVE | in VGSLX | Δ |
|---|---|---|---|
| PLD | 0.5% | 6.7% | 6.2% |
| EQIX | 0.3% | 5.5% | 5.1% |
| AMT | 0.3% | 4.0% | 3.8% |
| CASH | 0.2% | 0.6% | 0.4% |
| DLR | 0.2% | 3.3% | 3.1% |
| O | 0.2% | 3.0% | 2.8% |
| PSA | 0.2% | 2.7% | 2.5% |
| SPG | 0.1% | 3.9% | 3.7% |
| CBRE | 0.1% | 2.1% | 2.0% |
| IRM | 0.1% | 2.0% | 1.9% |
Where IVE and VGSLX 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 | IVE | VGSLX | Δ |
|---|---|---|---|
| Real Estate | 3.4% | 84.0% | −80.6pp |
| Information Technology | 19.8% | 0.0% | +19.8pp |
| Financials | 16.1% | 0.3% | +15.8pp |
| Unclassified | 0.0% | 14.7% | −14.7pp |
| Health Care | 12.5% | 0.0% | +12.5pp |
| Industrials | 11.5% | 0.0% | +11.4pp |
| Consumer Discretionary | 9.6% | 0.2% | +9.4pp |
| Consumer Staples | 8.7% | 0.2% | +8.5pp |
Δ is IVE minus VGSLX, 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
96.5% of IVE by weight, held in no part of VGSLX.
45.4% of VGSLX by weight, held in no part of IVE.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IVE | VGSLX | |
|---|---|---|
| Top 10 holdings | 23.7% | 54.1% |
| Positions held | 440 | 145 |
| Cost per $10,000 held, per year | $18 | $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 IVE and VGSLX overlap?
IVE and VGSLX overlap 3.6% by portfolio weight — largely distinct portfolios. They share 31 holdings. The figure comes from current issuer holdings files (IVE as of 2026-07-23, VGSLX as of 2026-06-30).
How is the overlap between IVE and VGSLX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IVE holds a stock at 6% and VGSLX 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 IVE and VGSLX?
That depends on your goals — we state facts, not advice. At 3.6% overlap, each fund still contributes meaningfully distinct exposure.
What does IVE own that VGSLX doesn't?
IVE holds 440 positions and VGSLX holds 145; 408 of IVE's positions don't appear in VGSLX at all, and they are 96.5% of IVE by weight.
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Related comparisons
Sources: issuer holdings files, IVE as of 2026-07-23, VGSLX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.