PRWCX vs VBR: 1% overlap
T. Rowe Price Capital Appreciation and Vanguard Small-Cap Value ETF share 0.9% 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 3 months apart — PRWCX as of 2026-03-31, 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
PRWCX and VBR hold 6 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRWCX | in VBR | Δ |
|---|---|---|---|
| RVTY | 1.9% | 0.3% | 1.6% |
| NI | 2.1% | 0.2% | 1.9% |
| AUR | 1.0% | 0.2% | 0.8% |
| APGE | 0.7% | 0.1% | 0.6% |
| CGON | 0.3% | 0.1% | 0.2% |
| DYN | 0.1% | 0.0% | 0.1% |
Where PRWCX and VBR 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 | PRWCX | VBR | Δ |
|---|---|---|---|
| Unclassified | 20.3% | 0.5% | +19.8pp |
| Treasuries | 18.2% | 0.0% | +18.2pp |
| Industrials | 0.9% | 18.8% | −17.9pp |
| Financials | 2.4% | 18.3% | −15.9pp |
| Real Estate | 0.0% | 9.8% | −9.8pp |
| Information Technology | 17.8% | 9.4% | +8.4pp |
| Materials | 0.0% | 7.2% | −7.2pp |
| Cash & Other | 5.0% | 0.0% | +5.0pp |
Δ is PRWCX minus VBR, 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
88.6% of PRWCX by weight, held in no part of VBR.
99.1% of VBR by weight, held in no part of PRWCX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| PRWCX | VBR | |
|---|---|---|
| Top 10 holdings | 46.0% | 6.2% |
| Positions held | 151 | 839 |
| Cost per $10,000 held, per year | $72 | $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 PRWCX and VBR overlap?
PRWCX and VBR overlap 0.9% by portfolio weight — largely distinct portfolios. They share 6 holdings. The figure comes from current issuer holdings files (PRWCX as of 2026-03-31, VBR as of 2026-06-30).
How is the overlap between PRWCX and VBR calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If PRWCX holds a stock at 6% and VBR 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 PRWCX and VBR?
That depends on your goals — we state facts, not advice. At 0.9% overlap, each fund still contributes meaningfully distinct exposure.
What does PRWCX own that VBR doesn't?
PRWCX holds 151 positions and VBR holds 839; 144 of PRWCX's positions don't appear in VBR at all, and they are 88.6% of PRWCX by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, PRWCX as of 2026-03-31, VBR as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.