VTIVX vs VXUS: 35% overlap
Vanguard Target Retirement 2045 and Vanguard Total International Stock ETF share 35.2% 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 1.6. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VTIVX and VXUS hold 8,453 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VTIVX | in VXUS | Δ |
|---|---|---|---|
| CASH | 1.9% | 2.4% | 0.5% |
| 2330 | 1.4% | 4.3% | 2.8% |
| 005930 | 0.8% | 2.3% | 1.5% |
| 000660 | 0.7% | 2.2% | 1.5% |
| ASML | 0.6% | 1.7% | 1.1% |
| 700 | 0.3% | 0.8% | 0.5% |
| HSBA | 0.2% | 0.7% | 0.5% |
| ROP | 0.2% | 0.6% | 0.4% |
| SAN | 0.2% | 0.7% | 0.4% |
| RY | 0.2% | 0.6% | 0.4% |
Where VTIVX 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 | VTIVX | VXUS | Δ |
|---|---|---|---|
| Financials | 13.3% | 19.7% | −6.3pp |
| Treasuries | 6.2% | 0.0% | +6.2pp |
| Industrials | 9.6% | 13.8% | −4.3pp |
| Information Technology | 23.8% | 20.9% | +2.9pp |
| MBS Pass-Through | 2.6% | 0.0% | +2.6pp |
| Materials | 2.7% | 5.2% | −2.5pp |
| Communication Services | 5.4% | 3.3% | +2.2pp |
| Corporate — industrial & other | 2.0% | 0.0% | +2.0pp |
Δ is VTIVX 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
62.9% of VTIVX by weight, held in no part of VXUS.
0.0% of VXUS by weight, held in no part of VTIVX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VTIVX | VXUS | |
|---|---|---|
| Top 10 holdings | 21.4% | 16.3% |
| Positions held | 6 | 8,453 |
| Cost per $10,000 held, per year | $8 | $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 VTIVX and VXUS overlap?
VTIVX and VXUS overlap 35.2% by portfolio weight — moderate overlap. They share 8,453 holdings. The figure comes from current issuer holdings files (VTIVX as of 2026-03-31, VXUS as of 2026-06-30).
How is the overlap between VTIVX and VXUS calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VTIVX 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 VTIVX and VXUS?
That depends on your goals — we state facts, not advice. At 35.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VTIVX own that VXUS doesn't?
VTIVX holds 6 positions and VXUS holds 8,453; 8,229 of VTIVX's positions don't appear in VXUS at all, and they are 62.9% of VTIVX by weight.
You probably hold more than two funds
This page compares VTIVX and VXUS. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch VTIVX vs VXUS
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, VTIVX as of 2026-03-31, VXUS as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.