VB vs VXUS: 3% overlap
Vanguard Small-Cap ETF and Vanguard Total International Stock ETF share 3.4% 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
VB and VXUS hold 118 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VB | in VXUS | Δ |
|---|---|---|---|
| CASH | 1.7% | 2.4% | 0.7% |
| AAL | 0.1% | 0.1% | 0.0% |
| CFR | 0.1% | 0.3% | 0.2% |
| CSL | 0.2% | 0.1% | 0.1% |
| TSCO | 0.1% | 0.1% | 0.0% |
| ORA | 0.1% | 0.1% | 0.0% |
| NXT | 0.2% | 0.1% | 0.1% |
| AIR | 0.1% | 0.3% | 0.2% |
| MC | 0.1% | 0.3% | 0.2% |
| G | 0.1% | 0.1% | 0.0% |
Where VB and VXUS 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 | VB | VXUS | Δ |
|---|---|---|---|
| Unclassified | 0.6% | 9.1% | −8.6pp |
| Industrials | 21.0% | 13.8% | +7.2pp |
| Financials | 12.7% | 19.7% | −6.9pp |
| Health Care | 11.9% | 5.3% | +6.6pp |
| Real Estate | 7.1% | 1.9% | +5.2pp |
| Information Technology | 16.1% | 20.9% | −4.8pp |
| Consumer Discretionary | 9.9% | 7.5% | +2.5pp |
| Consumer Staples | 3.5% | 4.9% | −1.3pp |
Δ is VB minus VXUS, 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
89.6% of VB by weight, held in no part of VXUS.
94.6% of VXUS by weight, held in no part of VB.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VB | VXUS | |
|---|---|---|
| Top 10 holdings | 5.6% | 16.3% |
| Positions held | 1,308 | 8,453 |
| Cost per $10,000 held, per year | $3 | $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 VB and VXUS overlap?
VB and VXUS overlap 3.4% by portfolio weight — largely distinct portfolios. They share 118 holdings. The figure comes from current issuer holdings files (VB as of 2026-06-30, VXUS as of 2026-06-30).
How is the overlap between VB and VXUS calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VB holds a stock at 6% and VXUS 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 VB and VXUS?
That depends on your goals — we state facts, not advice. At 3.4% overlap, each fund still contributes meaningfully distinct exposure.
What does VB own that VXUS doesn't?
VB holds 1,308 positions and VXUS holds 8,453; 1,190 of VB's positions don't appear in VXUS at all, and they are 89.6% of VB by weight.
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Related comparisons
Sources: issuer holdings files, VB as of 2026-06-30, VXUS as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.