MDY vs VTHRX: 2% overlap
SPDR S&P MidCap 400 ETF Trust and Vanguard Target Retirement 2030 share 2.1% 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 — VTHRX 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
MDY and VTHRX hold 397 of the same securities. The ten contributing most to the overlap figure:
| Holding | in MDY | in VTHRX | Δ |
|---|---|---|---|
| ALV | 0.2% | 0.1% | 0.1% |
| CFR | 0.3% | 0.1% | 0.2% |
| AAL | 0.2% | 0.0% | 0.2% |
| CSL | 0.4% | 0.0% | 0.3% |
| G | 0.1% | 0.0% | 0.1% |
| ORA | 0.2% | 0.0% | 0.2% |
| NXT | 0.4% | 0.0% | 0.4% |
| RBA | 0.6% | 0.0% | 0.5% |
| MTN | 0.1% | 0.0% | 0.1% |
| TWLO | 0.8% | 0.0% | 0.8% |
Where MDY and VTHRX 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 | MDY | VTHRX | Δ |
|---|---|---|---|
| Industrials | 25.4% | 6.9% | +18.4pp |
| Treasuries | 0.0% | 13.6% | −13.6pp |
| Unclassified | 0.0% | 13.3% | −13.3pp |
| MBS Pass-Through | 0.0% | 5.7% | −5.7pp |
| Real Estate | 6.9% | 1.2% | +5.6pp |
| Consumer Discretionary | 10.2% | 5.0% | +5.2pp |
| Health Care | 9.7% | 4.6% | +5.1pp |
| Corporate — industrial & other | 0.0% | 4.4% | −4.4pp |
Δ is MDY minus VTHRX, 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
0.4% of MDY by weight, held in no part of VTHRX.
97.8% of VTHRX by weight, held in no part of MDY.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| MDY | VTHRX | |
|---|---|---|
| Top 10 holdings | 7.6% | 28.9% |
| Positions held | 400 | 7 |
| Cost per $10,000 held, per year | $23 | $8 |
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 MDY and VTHRX overlap?
MDY and VTHRX overlap 2.1% by portfolio weight — largely distinct portfolios. They share 397 holdings. The figure comes from current issuer holdings files (MDY as of 2026-07-23, VTHRX as of 2026-03-31).
How is the overlap between MDY and VTHRX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If MDY holds a stock at 6% and VTHRX 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 MDY and VTHRX?
That depends on your goals — we state facts, not advice. At 2.1% overlap, each fund still contributes meaningfully distinct exposure.
What does MDY own that VTHRX doesn't?
MDY holds 400 positions and VTHRX holds 7; 2 of MDY's positions don't appear in VTHRX at all, and they are 0.4% of MDY by weight.
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Related comparisons
Sources: issuer holdings files, MDY as of 2026-07-23, VTHRX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.