TSPS vs VTV: 1% overlap
TSP S Fund — shown via extended-market proxy and Vanguard Value ETF share 1.3% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
TSPS and VTV hold 11 of the same securities. The ten contributing most to the overlap figure:
| Holding | in TSPS | in VTV | Δ |
|---|---|---|---|
| CASH | 3.8% | 0.4% | 3.3% |
| LNG | 0.6% | 0.2% | 0.4% |
| FERG | 0.5% | 0.2% | 0.3% |
| MSTR | 0.3% | 0.1% | 0.2% |
| MKL | 0.3% | 0.1% | 0.2% |
| ZM | 0.3% | 0.1% | 0.2% |
| SUNB | 0.3% | 0.1% | 0.3% |
| MDLN | 0.2% | 0.1% | 0.1% |
| RKT | 0.2% | 0.1% | 0.1% |
| FLUT | 0.2% | 0.0% | 0.2% |
Where TSPS and VTV 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 | TSPS | VTV | Δ |
|---|---|---|---|
| Financials | 13.9% | 22.1% | −8.1pp |
| Consumer Staples | 2.7% | 8.7% | −6.0pp |
| Industrials | 19.8% | 15.0% | +4.9pp |
| Consumer Discretionary | 8.8% | 3.9% | +4.8pp |
| Information Technology | 17.6% | 14.1% | +3.6pp |
| Cash and/or Derivatives | 3.8% | 0.4% | +3.3pp |
| Utilities | 1.9% | 4.8% | −2.9pp |
| Energy | 4.0% | 6.8% | −2.9pp |
Δ is TSPS minus VTV, 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
93.2% of TSPS by weight, held in no part of VTV.
98.7% of VTV by weight, held in no part of TSPS.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| TSPS | VTV | |
|---|---|---|
| Top 10 holdings | 10.6% | 23.6% |
| Positions held | 3,327 | 309 |
| Cost per $10,000 held, per year | $5 | $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 TSPS and VTV overlap?
TSPS and VTV overlap 1.3% by portfolio weight — largely distinct portfolios. They share 11 holdings. The figure comes from current issuer holdings files (TSPS as of 2026-06-30, VTV as of 2026-06-30).
How is the overlap between TSPS and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If TSPS holds a stock at 6% and VTV 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 TSPS and VTV?
That depends on your goals — we state facts, not advice. At 1.3% overlap, each fund still contributes meaningfully distinct exposure.
What does TSPS own that VTV doesn't?
TSPS holds 3,327 positions and VTV holds 309; 3,316 of TSPS's positions don't appear in VTV at all, and they are 93.2% of TSPS by weight.
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Related comparisons
Sources: issuer holdings files, TSPS as of 2026-06-30, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.