PRWCX vs VFMO: 6% overlap
T. Rowe Price Capital Appreciation and Vanguard U.S. Momentum Factor ETF share 5.7% 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
PRWCX and VFMO hold 19 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRWCX | in VFMO | Δ |
|---|---|---|---|
| AMD | 1.4% | 1.0% | 0.4% |
| GOOGL | 2.3% | 0.9% | 1.4% |
| COR | 1.3% | 0.6% | 0.7% |
| AVGO | 1.8% | 0.6% | 1.1% |
| LLY | 0.8% | 0.5% | 0.4% |
| SLB | 0.3% | 0.6% | 0.3% |
| JPM | 0.7% | 0.2% | 0.5% |
| CYTK | 0.5% | 0.2% | 0.3% |
| KLAC | 0.2% | 1.0% | 0.8% |
| ALNY | 0.9% | 0.2% | 0.7% |
Where PRWCX and VFMO 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 | VFMO | Δ |
|---|---|---|---|
| Industrials | 0.9% | 24.4% | −23.6pp |
| Unclassified | 20.3% | 0.9% | +19.4pp |
| Treasuries | 18.2% | 0.0% | +18.2pp |
| Health Care | 12.2% | 22.3% | −10.1pp |
| Utilities | 7.1% | 0.0% | +7.1pp |
| Energy | 0.7% | 7.7% | −7.0pp |
| Materials | 0.0% | 6.2% | −6.2pp |
| Cash & Other | 5.0% | 0.0% | +5.0pp |
Δ is PRWCX minus VFMO, 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
82.6% of PRWCX by weight, held in no part of VFMO.
91.9% of VFMO 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 | VFMO | |
|---|---|---|
| Top 10 holdings | 46.0% | 10.2% |
| Positions held | 151 | 672 |
| Cost per $10,000 held, per year | $72 | $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 PRWCX and VFMO overlap?
PRWCX and VFMO overlap 5.7% by portfolio weight — largely distinct portfolios. They share 19 holdings. The figure comes from current issuer holdings files (PRWCX as of 2026-03-31, VFMO as of 2026-03-31).
How is the overlap between PRWCX and VFMO 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 VFMO 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 VFMO?
That depends on your goals — we state facts, not advice. At 5.7% overlap, each fund still contributes meaningfully distinct exposure.
What does PRWCX own that VFMO doesn't?
PRWCX holds 151 positions and VFMO holds 672; 131 of PRWCX's positions don't appear in VFMO at all, and they are 82.6% of PRWCX by weight.
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Related comparisons
Sources: issuer holdings files, PRWCX as of 2026-03-31, VFMO as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.