RSP vs VBR Overlap

RSP is an equal-weight U.S. equity ETF from Invesco, while VBR is a U.S. value equity ETF from Vanguard. RSP and VBR show limited overlap, with an estimated weighted overlap of 16.55%. They share 85 holdings in the loaded dataset, led by SNDK, MRNA, and CF.

16.6% overlap
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85Shared Holdings
OK
Low Overlap

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Quick Answer

RSP is an equal-weight U.S. equity ETF from Invesco, while VBR is a U.S. value equity ETF from Vanguard. RSP and VBR show limited overlap, with an estimated weighted overlap of 16.55%. They share 85 holdings in the loaded dataset, led by SNDK, MRNA, and CF.

  • 16.55% weighted overlap across 85 shared holdings.
  • The top three shared holdings explain 7.03% of the measured overlap.
  • RSP is the broader fund, while VBR is more targeted.
  • The overlap is mostly explained by the top shared positions rather than sector labels alone.
  • Holding both can still add materially different exposure.

Data Freshness

RSP holdings
Mar 12, 2026
VBR holdings
Mar 12, 2026
Overlap computed
Mar 15, 2026
Data source
Financial Modeling Prep

Review the methodology for the overlap formula and refresh policy.

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About These ETFs

ETF A

RSP

Invesco S&P 500 Equal Weight ETF

Issuer
Invesco
Asset class
Equity
Expense ratio
0.2%
AUM
$87B
Inception
Apr 24, 2003

ETF B

VBR

Vanguard Small-Cap Value ETF

Issuer
Vanguard
Asset class
Small/Micro Cap Equity
Expense ratio
0.05%
AUM
$62B
Inception
Jan 26, 2004

What Stands Out In This Comparison

01

What This Means

RSP is an equal-weight U.S. equity ETF from Invesco, while VBR is a U.S. value equity ETF from Vanguard. RSP and VBR do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like SNDK, MRNA, and CF.

02

How They Differ

RSP is an equal-weight U.S. equity ETF from Invesco, while VBR is a U.S. value equity ETF from Vanguard. RSP is the broader fund, while VBR is the more targeted sleeve. VBR has the lower expense ratio, while RSP charges more for its exposure.

03

What Drives The Overlap

The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 7.03% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.

04

When One May Fit Better

If you want the broader portfolio building block, RSP is usually the wider choice. If you want the more focused tilt, VBR is the narrower expression. VBR has the lower expense ratio, while RSP charges more for its exposure.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 7.03% of the full overlap score.

That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.

Shared Sector Tilt

Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.

Top Shared Holdings

These are the holdings contributing the most to the overlap score between RSP and VBR.

HoldingRSP Wt.VBR Wt.Overlap
SNDK0.52%0.93%0.52%
MRNA0.37%0.36%0.36%
CF0.28%0.34%0.28%
BG0.26%0.41%0.26%
HII0.25%0.38%0.25%
TPR0.25%0.60%0.25%
VTRS0.24%0.35%0.24%
AKAM0.24%0.33%0.24%
Q0.26%0.23%0.23%
PNW0.23%0.26%0.23%

Why These ETFs Overlap

RSP is an equal-weight U.S. equity ETF from Invesco, while VBR is a U.S. value equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are SNDK, MRNA, and CF, which appear in both portfolios and push the overlap score higher.

Holding both RSP and VBR can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.

Related Comparisons

Frequently Asked Questions About RSP and VBR

What is the overlap between RSP and VBR?+
RSP and VBR currently show an estimated weighted overlap of 16.55% based on the loaded holdings data.
How many holdings do RSP and VBR share?+
They share 85 holdings in the current dataset.
Is the RSP and VBR overlap high?+
The current verdict is Low Overlap. That means the two ETFs have limited duplication in portfolio weight.
Why do RSP and VBR overlap?+
RSP and VBR overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 7.03% of the measured overlap score.
Which ETF is broader, RSP or VBR?+
RSP is the broader fund, while VBR is the more targeted sleeve. That does not automatically make one better, but it helps explain why the pair can overlap while still serving different roles.

How Overlap Is Calculated

A straightforward approach used by portfolio analysts.

Overlap = sum(min(Weight_A, Weight_B)) for each shared holding

For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.

Want the full explanation? Read the methodology page.

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