VLXVX vs VTI: 54% overlap
Vanguard Target Retirement 2065 and Vanguard Total Stock Market ETF share 53.6% 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 — VLXVX 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 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VLXVX and VTI hold 3,495 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VLXVX | in VTI | Δ |
|---|---|---|---|
| NVDA | 3.3% | 6.3% | 3.0% |
| AAPL | 3.1% | 5.8% | 2.8% |
| MSFT | 2.0% | 3.8% | 1.8% |
| AMZN | 1.7% | 3.2% | 1.5% |
| GOOGL | 1.5% | 2.9% | 1.4% |
| AVGO | 1.3% | 2.5% | 1.2% |
| GOOG | 1.2% | 2.3% | 1.1% |
| MU | 0.9% | 1.8% | 0.8% |
| META | 0.9% | 1.7% | 0.8% |
| TSLA | 0.9% | 1.6% | 0.8% |
Where VLXVX and VTI 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 | VLXVX | VTI | Δ |
|---|---|---|---|
| Information Technology | 26.3% | 35.2% | −8.9pp |
| Unclassified | 6.1% | 0.2% | +5.9pp |
| Treasuries | 3.3% | 0.0% | +3.3pp |
| Communication Services | 6.0% | 9.1% | −3.1pp |
| Health Care | 7.0% | 9.5% | −2.6pp |
| Financials | 14.1% | 11.9% | +2.3pp |
| Consumer Discretionary | 7.6% | 9.2% | −1.6pp |
| Cash and/or Derivatives | 2.0% | 0.6% | +1.4pp |
Δ is VLXVX minus VTI, 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
43.5% of VLXVX by weight, held in no part of VTI.
0.0% of VTI by weight, held in no part of VLXVX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VLXVX | VTI | |
|---|---|---|
| Top 10 holdings | 19.3% | 31.9% |
| Positions held | 6 | 3,495 |
| 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 VLXVX and VTI overlap?
VLXVX and VTI overlap 53.6% by portfolio weight — substantial duplication if you hold both. They share 3,495 holdings. The figure comes from current issuer holdings files (VLXVX as of 2026-03-31, VTI as of 2026-06-30).
How is the overlap between VLXVX and VTI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VLXVX holds a stock at 6% and VTI 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 VLXVX and VTI?
That depends on your goals — we state facts, not advice. At 53.6% overlap, each fund still contributes meaningfully distinct exposure.
What does VLXVX own that VTI doesn't?
VLXVX holds 6 positions and VTI holds 3,495; 13,187 of VLXVX's positions don't appear in VTI at all, and they are 43.5% of VLXVX by weight.
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Related comparisons
Sources: issuer holdings files, VLXVX as of 2026-03-31, VTI as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.