PRWCX vs VOO: 28% overlap
T. Rowe Price Capital Appreciation and Vanguard S&P 500 ETF share 28.4% 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
PRWCX and VOO hold 40 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRWCX | in VOO | Δ |
|---|---|---|---|
| MSFT | 4.2% | 4.3% | 0.1% |
| AMZN | 4.8% | 3.6% | 1.2% |
| AAPL | 3.6% | 6.6% | 3.0% |
| NVDA | 3.0% | 7.5% | 4.5% |
| GOOGL | 2.3% | 3.2% | 1.0% |
| META | 3.7% | 1.9% | 1.8% |
| AVGO | 1.8% | 2.8% | 1.0% |
| AMD | 1.4% | 1.5% | 0.1% |
| LLY | 0.8% | 1.5% | 0.6% |
| JPM | 0.7% | 1.3% | 0.6% |
Where PRWCX and VOO 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 | VOO | Δ |
|---|---|---|---|
| Unclassified | 20.3% | 0.0% | +20.3pp |
| Information Technology | 17.8% | 38.0% | −20.2pp |
| Treasuries | 18.2% | 0.0% | +18.2pp |
| Financials | 2.4% | 11.6% | −9.2pp |
| Industrials | 0.9% | 8.9% | −8.0pp |
| Cash & Other | 5.0% | 0.0% | +5.0pp |
| Utilities | 7.1% | 2.2% | +4.9pp |
| Consumer Staples | 0.6% | 4.6% | −3.9pp |
Δ is PRWCX minus VOO, 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
45.5% of PRWCX by weight, held in no part of VOO.
57.3% of VOO 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 | VOO | |
|---|---|---|
| Top 10 holdings | 46.0% | 36.4% |
| Positions held | 151 | 505 |
| Cost per $10,000 held, per year | $72 | $3 |
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 VOO overlap?
PRWCX and VOO overlap 28.4% by portfolio weight — moderate overlap. They share 40 holdings. The figure comes from current issuer holdings files (PRWCX as of 2026-03-31, VOO as of 2026-06-30).
How is the overlap between PRWCX and VOO 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 VOO 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 VOO?
That depends on your goals — we state facts, not advice. At 28.4% overlap, each fund still contributes meaningfully distinct exposure.
What does PRWCX own that VOO doesn't?
PRWCX holds 151 positions and VOO holds 505; 110 of PRWCX's positions don't appear in VOO at all, and they are 45.5% of PRWCX by weight.
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Related comparisons
Sources: issuer holdings files, PRWCX as of 2026-03-31, VOO as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.