TRRIX vs VTWAX: 0% overlap
T. Rowe Price Retirement Balanced and Vanguard Total World Stock Index Admiral 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 VTWAX hold 0 of the same securities. The ten contributing most to the overlap figure:
| Holding | in TRRIX | in VTWAX | Δ |
|---|
Where TRRIX and VTWAX 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 | VTWAX | Δ |
|---|---|---|---|
| Unclassified | 100.0% | 3.8% | +96.2pp |
| Information Technology | 0.0% | 30.1% | −30.1pp |
| Financials | 0.0% | 14.9% | −14.9pp |
| Industrials | 0.0% | 11.5% | −11.5pp |
| Consumer Discretionary | 0.0% | 8.6% | −8.6pp |
| Health Care | 0.0% | 7.7% | −7.7pp |
| Communication Services | 0.0% | 7.0% | −7.0pp |
| Consumer Staples | 0.0% | 4.6% | −4.6pp |
Δ is TRRIX minus VTWAX, 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 VTWAX.
100.0% of VTWAX 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 | VTWAX | |
|---|---|---|
| Top 10 holdings | 71.7% | 20.5% |
| Positions held | 26 | 9,600 |
| Cost per $10,000 held, per year | $51 | $9 |
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 VTWAX overlap?
TRRIX and VTWAX 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, VTWAX as of 2026-06-30).
How is the overlap between TRRIX and VTWAX 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 VTWAX 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 VTWAX?
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 VTWAX doesn't?
TRRIX holds 26 positions and VTWAX holds 9,600; 26 of TRRIX's positions don't appear in VTWAX 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, VTWAX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.