TRRIX vs VBR: 0% overlap
T. Rowe Price Retirement Balanced and Vanguard Small-Cap Value ETF share 0.0% 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 — TRRIX as of 2026-02-28, 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
TRRIX and VBR hold 0 of the same securities. The ten contributing most to the overlap figure:
| Holding | in TRRIX | in VBR | Δ |
|---|
Where TRRIX 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 | TRRIX | VBR | Δ |
|---|---|---|---|
| Unclassified | 100.0% | 0.5% | +99.5pp |
| Industrials | 0.0% | 18.8% | −18.8pp |
| Financials | 0.0% | 18.3% | −18.3pp |
| Consumer Discretionary | 0.0% | 11.4% | −11.4pp |
| Real Estate | 0.0% | 9.8% | −9.8pp |
| Information Technology | 0.0% | 9.4% | −9.4pp |
| Health Care | 0.0% | 8.0% | −8.0pp |
| Materials | 0.0% | 7.2% | −7.2pp |
Δ is TRRIX 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
100.0% of TRRIX by weight, held in no part of VBR.
100.0% of VBR by weight, held in no part of TRRIX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| TRRIX | VBR | |
|---|---|---|
| Top 10 holdings | 71.7% | 6.2% |
| Positions held | 26 | 839 |
| Cost per $10,000 held, per year | $51 | $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 TRRIX and VBR overlap?
TRRIX and VBR overlap 0.0% by portfolio weight — largely distinct portfolios. They share 0 holdings. The figure comes from current issuer holdings files (TRRIX as of 2026-02-28, VBR as of 2026-06-30).
How is the overlap between TRRIX and VBR calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If TRRIX 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 TRRIX and VBR?
That depends on your goals — we state facts, not advice. At 0.0% overlap, each fund still contributes meaningfully distinct exposure.
What does TRRIX own that VBR doesn't?
TRRIX holds 26 positions and VBR holds 839; 26 of TRRIX's positions don't appear in VBR at all, and they are 100.0% of TRRIX by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, TRRIX as of 2026-02-28, VBR as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.