VFMO vs VT: 19% overlap
Vanguard U.S. Momentum Factor ETF and Vanguard Total World Stock ETF share 19.0% 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 3 months apart — VFMO as of 2026-03-31, 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 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VFMO and VT hold 378 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VFMO | in VT | Δ |
|---|---|---|---|
| CASH | 1.4% | 1.0% | 0.4% |
| GOOGL | 0.9% | 1.8% | 0.9% |
| AMD | 1.0% | 0.8% | 0.2% |
| MU | 0.8% | 1.1% | 0.3% |
| AVGO | 0.6% | 1.5% | 0.9% |
| GOOG | 0.6% | 1.4% | 0.8% |
| INTC | 0.8% | 0.5% | 0.2% |
| JNJ | 1.0% | 0.5% | 0.5% |
| AMAT | 0.9% | 0.5% | 0.4% |
| XOM | 0.5% | 0.5% | 0.0% |
Where VFMO and VT 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 | VFMO | VT | Δ |
|---|---|---|---|
| Health Care | 22.3% | 7.7% | +14.6pp |
| Information Technology | 17.0% | 30.1% | −13.1pp |
| Industrials | 24.4% | 11.5% | +13.0pp |
| Financials | 6.3% | 14.9% | −8.6pp |
| Energy | 7.7% | 3.0% | +4.7pp |
| Communication Services | 3.4% | 7.0% | −3.6pp |
| Unclassified | 0.9% | 3.8% | −2.9pp |
| Materials | 6.2% | 3.3% | +2.9pp |
Δ is VFMO minus VT, 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
25.7% of VFMO by weight, held in no part of VT.
75.5% of VT by weight, held in no part of VFMO.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VFMO | VT | |
|---|---|---|
| Top 10 holdings | 10.2% | 20.5% |
| Positions held | 672 | 9,600 |
| Cost per $10,000 held, per year | $13 | $6 |
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 VFMO and VT overlap?
VFMO and VT overlap 19.0% by portfolio weight — moderate overlap. They share 378 holdings. The figure comes from current issuer holdings files (VFMO as of 2026-03-31, VT as of 2026-06-30).
How is the overlap between VFMO and VT calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VFMO holds a stock at 6% and VT 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 VFMO and VT?
That depends on your goals — we state facts, not advice. At 19.0% overlap, each fund still contributes meaningfully distinct exposure.
What does VFMO own that VT doesn't?
VFMO holds 672 positions and VT holds 9,600; 294 of VFMO's positions don't appear in VT at all, and they are 25.7% of VFMO by weight.
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Related comparisons
Sources: issuer holdings files, VFMO as of 2026-03-31, VT as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.