VIMAX vs VTV: 28% overlap
Vanguard Mid-Cap Index Admiral and Vanguard Value ETF share 28.2% 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VIMAX and VTV hold 205 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VIMAX | in VTV | Δ |
|---|---|---|---|
| CASH | 0.5% | 0.4% | 0.0% |
| NEM | 0.5% | 0.4% | 0.1% |
| CMI | 1.0% | 0.4% | 0.6% |
| WMB | 0.4% | 0.3% | 0.1% |
| JCI | 0.4% | 0.3% | 0.1% |
| CEG | 0.8% | 0.3% | 0.5% |
| VLO | 0.7% | 0.3% | 0.5% |
| MPC | 0.7% | 0.3% | 0.4% |
| AEP | 0.4% | 0.3% | 0.1% |
| CRH | 0.7% | 0.3% | 0.4% |
Where VIMAX 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 | VIMAX | VTV | Δ |
|---|---|---|---|
| Financials | 14.0% | 22.1% | −8.0pp |
| Health Care | 7.8% | 15.1% | −7.3pp |
| Consumer Discretionary | 8.9% | 3.9% | +5.0pp |
| Industrials | 19.6% | 15.0% | +4.6pp |
| Consumer Staples | 4.9% | 8.7% | −3.9pp |
| Utilities | 8.4% | 4.8% | +3.6pp |
| Real Estate | 5.1% | 2.5% | +2.5pp |
| Information Technology | 16.1% | 14.1% | +2.0pp |
Δ is VIMAX 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
31.3% of VIMAX by weight, held in no part of VTV.
71.8% of VTV by weight, held in no part of VIMAX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VIMAX | VTV | |
|---|---|---|
| Top 10 holdings | 9.5% | 23.6% |
| Positions held | 283 | 309 |
| Cost per $10,000 held, per year | $5 | $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 VIMAX and VTV overlap?
VIMAX and VTV overlap 28.2% by portfolio weight — moderate overlap. They share 205 holdings. The figure comes from current issuer holdings files (VIMAX as of 2026-06-30, VTV as of 2026-06-30).
How is the overlap between VIMAX and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VIMAX 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 VIMAX and VTV?
That depends on your goals — we state facts, not advice. At 28.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VIMAX own that VTV doesn't?
VIMAX holds 283 positions and VTV holds 309; 78 of VIMAX's positions don't appear in VTV at all, and they are 31.3% of VIMAX by weight.
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Related comparisons
Sources: issuer holdings files, VIMAX as of 2026-06-30, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.