VBR vs VXF Overlap
Both funds come from Vanguard. VBR is a U.S. value equity ETF, while VXF is an equity ETF. VBR and VXF show meaningful overlap, with an estimated weighted overlap of 41.02%. They share 745 holdings in the loaded dataset, led by FLEX, ILMN, and FCNCA.
Served from cache.
Quick Answer
Both funds come from Vanguard. VBR is a U.S. value equity ETF, while VXF is an equity ETF. VBR and VXF show meaningful overlap, with an estimated weighted overlap of 41.02%. They share 745 holdings in the loaded dataset, led by FLEX, ILMN, and FCNCA.
- 41.02% weighted overlap across 745 shared holdings.
- The top three shared holdings explain 2.04% of the measured overlap.
- VBR and VXF are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- VBR holdings
- Mar 12, 2026
- VXF holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
Both funds come from Vanguard. VBR is a U.S. value equity ETF, while VXF is an equity ETF. VBR and VXF overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as FLEX, ILMN, and FCNCA, which explains why the score lands at 41.02%.
How They Differ
Both funds come from Vanguard. VBR is a U.S. value equity ETF, while VXF is an equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VBR and VXF are priced very similarly on expense ratio.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 2.04% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because VBR and VXF are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VBR and VXF are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 2.04% 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 VBR and VXF.
| Holding | Name | VBR Wt. | VXF Wt. | Overlap |
|---|---|---|---|---|
| FLEX | Flex Ltd | 0.54% | 0.29% | 0.29% |
| ILMN | Illumina Inc | 0.49% | 0.28% | 0.28% |
| FCNCA | First Citizens BancShares Inc/NC | 0.41% | 0.26% | 0.26% |
| UTHR | United Therapeutics Corp | 0.47% | 0.26% | 0.26% |
| USFD | US Foods Holding Corp | 0.43% | 0.23% | 0.23% |
| RS | Reliance Inc | 0.40% | 0.22% | 0.22% |
| JLL | Jones Lang LaSalle Inc | 0.39% | 0.21% | 0.21% |
| NVT | nVent Electric PLC | 0.21% | 0.23% | 0.21% |
| THC | Tenet Healthcare Corp | 0.39% | 0.21% | 0.21% |
| EWBC | East West Bancorp Inc | 0.37% | 0.20% | 0.20% |
Why These ETFs Overlap
Both funds come from Vanguard. VBR is a U.S. value equity ETF, while VXF is an equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are FLEX, ILMN, and FCNCA, which appear in both portfolios and push the overlap score higher.
Holding both VBR and VXF can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
Related Comparisons
Frequently Asked Questions About VBR and VXF
What is the overlap between VBR and VXF?+
How many holdings do VBR and VXF share?+
Is the VBR and VXF overlap high?+
Why do VBR and VXF overlap?+
Which ETF is broader, VBR or VXF?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
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.