VFORX vs VTV: 18% overlap
Vanguard Target Retirement 2040 and Vanguard Value ETF share 17.8% 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 — VFORX 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
VFORX and VTV hold 309 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VFORX | in VTV | Δ |
|---|---|---|---|
| MU | 0.8% | 4.9% | 4.1% |
| BRK-B | 0.5% | 2.9% | 2.4% |
| JPM | 0.5% | 3.1% | 2.6% |
| CASH | 1.8% | 0.4% | 1.4% |
| JNJ | 0.4% | 2.3% | 1.9% |
| XOM | 0.3% | 2.1% | 1.8% |
| INTC | 0.3% | 1.1% | 0.7% |
| WMT | 0.3% | 1.9% | 1.6% |
| CAT | 0.3% | 1.8% | 1.5% |
| ABBV | 0.3% | 1.7% | 1.4% |
Where VFORX 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 | VFORX | VTV | Δ |
|---|---|---|---|
| Health Care | 5.8% | 15.1% | −9.4pp |
| Financials | 12.7% | 22.1% | −9.4pp |
| Unclassified | 9.7% | 0.5% | +9.1pp |
| Treasuries | 8.7% | 0.0% | +8.7pp |
| Information Technology | 21.6% | 14.1% | +7.6pp |
| Industrials | 8.7% | 15.0% | −6.3pp |
| Consumer Staples | 3.4% | 8.7% | −5.4pp |
| Energy | 2.3% | 6.8% | −4.5pp |
Δ is VFORX 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
80.7% of VFORX by weight, held in no part of VTV.
0.0% of VTV by weight, held in no part of VFORX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VFORX | VTV | |
|---|---|---|
| Top 10 holdings | 23.9% | 23.6% |
| Positions held | 6 | 309 |
| Cost per $10,000 held, per year | $8 | $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 VFORX and VTV overlap?
VFORX and VTV overlap 17.8% by portfolio weight — moderate overlap. They share 309 holdings. The figure comes from current issuer holdings files (VFORX as of 2026-03-31, VTV as of 2026-06-30).
How is the overlap between VFORX and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VFORX 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 VFORX and VTV?
That depends on your goals — we state facts, not advice. At 17.8% overlap, each fund still contributes meaningfully distinct exposure.
What does VFORX own that VTV doesn't?
VFORX holds 6 positions and VTV holds 309; 16,373 of VFORX's positions don't appear in VTV at all, and they are 80.7% of VFORX by weight.
You probably hold more than two funds
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Related comparisons
Sources: issuer holdings files, VFORX as of 2026-03-31, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.