VO vs VXUS: 2% overlap
Vanguard Mid-Cap ETF and Vanguard Total International Stock ETF share 2.2% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VO and VXUS hold 40 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VO | in VXUS | Δ |
|---|---|---|---|
| CASH | 0.5% | 2.4% | 1.9% |
| ROP | 0.3% | 0.6% | 0.3% |
| DTE | 0.3% | 0.2% | 0.1% |
| DG | 0.2% | 0.2% | 0.1% |
| EL | 0.2% | 0.1% | 0.1% |
| WCN | 0.4% | 0.1% | 0.3% |
| RKT | 0.1% | 0.1% | 0.0% |
| PRU | 0.4% | 0.1% | 0.3% |
| TSCO | 0.1% | 0.1% | 0.0% |
| SUNB | 0.3% | 0.1% | 0.2% |
Where VO and VXUS 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 | VO | VXUS | Δ |
|---|---|---|---|
| Unclassified | 0.4% | 9.1% | −8.7pp |
| Industrials | 19.6% | 13.8% | +5.8pp |
| Financials | 14.0% | 19.7% | −5.7pp |
| Utilities | 8.4% | 3.0% | +5.4pp |
| Information Technology | 16.1% | 20.9% | −4.8pp |
| Energy | 7.3% | 3.0% | +4.3pp |
| Real Estate | 5.1% | 1.9% | +3.2pp |
| Health Care | 7.8% | 5.3% | +2.5pp |
Δ is VO minus VXUS, 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
87.2% of VO by weight, held in no part of VXUS.
95.5% of VXUS by weight, held in no part of VO.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VO | VXUS | |
|---|---|---|
| Top 10 holdings | 9.5% | 16.3% |
| Positions held | 283 | 8,453 |
| Cost per $10,000 held, per year | $3 | $5 |
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 VO and VXUS overlap?
VO and VXUS overlap 2.2% by portfolio weight — largely distinct portfolios. They share 40 holdings. The figure comes from current issuer holdings files (VO as of 2026-06-30, VXUS as of 2026-06-30).
How is the overlap between VO and VXUS calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VO holds a stock at 6% and VXUS 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 VO and VXUS?
That depends on your goals — we state facts, not advice. At 2.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VO own that VXUS doesn't?
VO holds 283 positions and VXUS holds 8,453; 243 of VO's positions don't appear in VXUS at all, and they are 87.2% of VO by weight.
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Related comparisons
Sources: issuer holdings files, VO as of 2026-06-30, VXUS as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.