IJH vs VNQ: how much do they really overlap?
IJH (iShares Core S&P Mid-Cap ETF, tracking the S&P MidCap 400) and VNQ (Vanguard Real Estate ETF, tracking the MSCI US IMI Real Estate 25/50) overlap by roughly 2% by weight. 0 of IJH's top 10 holdings also appear in VNQ. A 50/50 blend of the two behaves like about 84 equally-weighted bets (diversification grade A). In short, the two funds hold almost none of the same securities — they are complementary, not redundant.
The same companies, in both funds
These 1 holdings appear in both IJH and VNQ. The weight columns show how much of each fund each name represents.
| Holding | in IJH | in VNQ |
|---|---|---|
| WPC W. P. CAREY REIT INC | 0.44% | 0.87% |
Only in IJH
iShares Core S&P Mid-Cap ETF — US mid-cap. Its biggest holdings that VNQ doesn’t have:
| TWLO TWILIO INC CLASS A | 0.86% |
| CRS CARPENTER TECHNOLOGY CORP | 0.84% |
| MKSI MKS | 0.82% |
| CW CURTISS WRIGHT CORP | 0.77% |
| NVT NVENT ELECTRIC PLC | 0.75% |
| ENTG ENTEGRIS INC | 0.75% |
| ATI ATI INC | 0.74% |
| ILMN ILLUMINA INC | 0.73% |
Only in VNQ
Vanguard Real Estate ETF — US real estate. Its biggest holdings that IJH doesn’t have:
| VRTPX Vanguard Real Estate II Index Fund Institutional Plus Shares | 14.54% |
| WELL Welltower Inc. | 7.68% |
| PLD Prologis Inc. | 7.17% |
| EQIX Equinix Inc. | 5.65% |
| AMT American Tower Corp. | 4.67% |
| SPG Simon Property Group Inc. | 3.57% |
| DLR Digital Realty Trust Inc. | 3.50% |
| O Realty Income Corp. | 3.04% |
So — essentially different. Should you hold both?
IJH and VNQ hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~84 effective positions (grade A), because they hold largely different securities.
Holdings as of — IJH: Jun 30, 2026 (iShares (BlackRock)); VNQ: May 31, 2026 (Vanguard). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →IJH vs VNQ — FAQ
- How much do IJH and VNQ overlap?
- IJH and VNQ overlap by approximately 2% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of IJH's 10 largest holdings are also held by VNQ. They share 1 of their listed top holdings in total.
- Is it redundant to hold both IJH and VNQ?
- Because they hold almost none of the same securities — they are complementary, not redundant, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 84 positions and a A diversification grade.
- What does VNQ hold that IJH doesn't?
- VNQ's largest holdings that IJH doesn't hold include VRTPX, WELL, PLD, EQIX, AMT. Its category is US real estate, versus IJH's US mid-cap.
- Which is more concentrated, IJH or VNQ?
- IJH's top 10 holdings are 27% of its listed weight; VNQ's are 62%. The more concentrated fund leans harder on its largest names.