VGSLX vs VTIVX: 2% overlap
Vanguard Real Estate Index Admiral and Vanguard Target Retirement 2045 share 1.7% 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 — VTIVX 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VGSLX and VTIVX hold 143 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VGSLX | in VTIVX | Δ |
|---|---|---|---|
| CASH | 0.6% | 1.9% | 1.3% |
| WELL | 8.4% | 0.1% | 8.3% |
| PLD | 6.7% | 0.1% | 6.6% |
| EQIX | 5.5% | 0.1% | 5.4% |
| AMT | 4.0% | 0.1% | 4.0% |
| SPG | 3.9% | 0.0% | 3.8% |
| DLR | 3.3% | 0.0% | 3.2% |
| O | 3.0% | 0.0% | 3.0% |
| PSA | 2.7% | 0.0% | 2.6% |
| VTR | 2.2% | 0.0% | 2.2% |
Where VGSLX and VTIVX 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 | VGSLX | VTIVX | Δ |
|---|---|---|---|
| Real Estate | 84.0% | 1.7% | +82.3pp |
| Information Technology | 0.0% | 23.8% | −23.8pp |
| Financials | 0.3% | 13.3% | −13.1pp |
| Industrials | 0.0% | 9.6% | −9.5pp |
| Unclassified | 14.7% | 8.0% | +6.7pp |
| Consumer Discretionary | 0.2% | 6.9% | −6.6pp |
| Health Care | 0.0% | 6.3% | −6.3pp |
| Treasuries | 0.0% | 6.2% | −6.2pp |
Δ is VGSLX minus VTIVX, 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
14.5% of VGSLX by weight, held in no part of VTIVX.
96.9% of VTIVX by weight, held in no part of VGSLX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VGSLX | VTIVX | |
|---|---|---|
| Top 10 holdings | 54.1% | 21.4% |
| Positions held | 145 | 6 |
| Cost per $10,000 held, per year | $13 | $8 |
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 VGSLX and VTIVX overlap?
VGSLX and VTIVX overlap 1.7% by portfolio weight — largely distinct portfolios. They share 143 holdings. The figure comes from current issuer holdings files (VGSLX as of 2026-06-30, VTIVX as of 2026-03-31).
How is the overlap between VGSLX and VTIVX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VGSLX holds a stock at 6% and VTIVX 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 VGSLX and VTIVX?
That depends on your goals — we state facts, not advice. At 1.7% overlap, each fund still contributes meaningfully distinct exposure.
What does VGSLX own that VTIVX doesn't?
VGSLX holds 145 positions and VTIVX holds 6; 2 of VGSLX's positions don't appear in VTIVX at all, and they are 14.5% of VGSLX by weight.
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Related comparisons
Sources: issuer holdings files, VGSLX as of 2026-06-30, VTIVX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.