VEA vs VIMAX: 3% overlap
Vanguard FTSE Developed Markets ETF and Vanguard Mid-Cap Index Admiral share 2.7% 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
VEA and VIMAX hold 38 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VEA | in VIMAX | Δ |
|---|---|---|---|
| CASH | 1.4% | 0.5% | 0.9% |
| ROP | 0.9% | 0.3% | 0.6% |
| DTE | 0.3% | 0.3% | 0.0% |
| DG | 0.2% | 0.2% | 0.0% |
| EL | 0.2% | 0.2% | 0.0% |
| WCN | 0.1% | 0.4% | 0.3% |
| RKT | 0.1% | 0.1% | 0.0% |
| PRU | 0.1% | 0.4% | 0.2% |
| SUNB | 0.1% | 0.3% | 0.2% |
| PPL | 0.1% | 0.3% | 0.2% |
Where VEA and VIMAX 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 | VEA | VIMAX | Δ |
|---|---|---|---|
| Unclassified | 8.9% | 0.4% | +8.5pp |
| Financials | 20.7% | 14.0% | +6.7pp |
| Utilities | 3.3% | 8.4% | −5.1pp |
| Energy | 2.9% | 7.3% | −4.4pp |
| Real Estate | 2.0% | 5.1% | −3.0pp |
| Industrials | 16.9% | 19.6% | −2.7pp |
| Health Care | 6.2% | 7.8% | −1.6pp |
| Consumer Discretionary | 7.3% | 8.9% | −1.5pp |
Δ is VEA minus VIMAX, 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
95.8% of VEA by weight, held in no part of VIMAX.
87.6% of VIMAX by weight, held in no part of VEA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VEA | VIMAX | |
|---|---|---|
| Top 10 holdings | 15.2% | 9.5% |
| Positions held | 3,792 | 283 |
| 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 VEA and VIMAX overlap?
VEA and VIMAX overlap 2.7% by portfolio weight — largely distinct portfolios. They share 38 holdings. The figure comes from current issuer holdings files (VEA as of 2026-06-30, VIMAX as of 2026-06-30).
How is the overlap between VEA and VIMAX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VEA holds a stock at 6% and VIMAX 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 VEA and VIMAX?
That depends on your goals — we state facts, not advice. At 2.7% overlap, each fund still contributes meaningfully distinct exposure.
What does VEA own that VIMAX doesn't?
VEA holds 3,792 positions and VIMAX holds 283; 3,754 of VEA's positions don't appear in VIMAX at all, and they are 95.8% of VEA by weight.
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Related comparisons
Sources: issuer holdings files, VEA as of 2026-06-30, VIMAX as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.