IVE vs VIMAX: 28% overlap
iShares S&P 500 Value ETF and Vanguard Mid-Cap Index Admiral share 27.8% 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVE and VIMAX hold 223 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVE | in VIMAX | Δ |
|---|---|---|---|
| WDC | 0.7% | 1.1% | 0.4% |
| WMB | 0.3% | 0.4% | 0.1% |
| MPC | 0.3% | 0.7% | 0.4% |
| VLO | 0.3% | 0.7% | 0.4% |
| PSX | 0.3% | 0.7% | 0.4% |
| TRV | 0.3% | 0.3% | 0.1% |
| NSC | 0.3% | 0.3% | 0.1% |
| AON | 0.3% | 0.3% | 0.1% |
| STX | 0.3% | 1.0% | 0.8% |
| AEP | 0.3% | 0.4% | 0.1% |
Where IVE and VIMAX 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 | VIMAX | Δ |
|---|---|---|---|
| Industrials | 11.5% | 19.6% | −8.1pp |
| Health Care | 12.5% | 7.8% | +4.7pp |
| Utilities | 4.5% | 8.4% | −3.9pp |
| Consumer Staples | 8.7% | 4.9% | +3.8pp |
| Information Technology | 19.8% | 16.1% | +3.7pp |
| Financials | 16.1% | 14.0% | +2.1pp |
| Real Estate | 3.4% | 5.1% | −1.7pp |
| Consumer Discretionary | 9.6% | 8.9% | +0.7pp |
Δ is IVE minus VIMAX, 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
72.3% of IVE by weight, held in no part of VIMAX.
22.4% of VIMAX 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 | VIMAX | |
|---|---|---|
| Top 10 holdings | 23.7% | 9.5% |
| Positions held | 440 | 283 |
| Cost per $10,000 held, per year | $18 | $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 IVE and VIMAX overlap?
IVE and VIMAX overlap 27.8% by portfolio weight — moderate overlap. They share 223 holdings. The figure comes from current issuer holdings files (IVE as of 2026-07-23, VIMAX as of 2026-06-30).
How is the overlap between IVE and VIMAX 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 VIMAX 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 VIMAX?
That depends on your goals — we state facts, not advice. At 27.8% overlap, each fund still contributes meaningfully distinct exposure.
What does IVE own that VIMAX doesn't?
IVE holds 440 positions and VIMAX holds 283; 216 of IVE's positions don't appear in VIMAX at all, and they are 72.3% of IVE by weight.
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Related comparisons
Sources: issuer holdings files, IVE as of 2026-07-23, VIMAX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.