VBR vs VXUS: how much do they really overlap?
VBR (Vanguard Small-Cap Value ETF, tracking the CRSP US Small Cap Value) and VXUS (Vanguard Total International Stock ETF, tracking the FTSE Global All Cap ex US) overlap by roughly 0% by weight. 0 of VBR's top 10 holdings also appear in VXUS. A 50/50 blend of the two behaves like about 843 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 0 holdings appear in both VBR and VXUS. The weight columns show how much of each fund each name represents.
| Holding | in VBR | in VXUS |
|---|
Only in VBR
Vanguard Small-Cap Value ETF — US small-cap value. Its biggest holdings that VXUS doesn’t have:
| JBL Jabil Inc. | 0.87% |
| NRG NRG Energy Inc. | 0.66% |
| TPR Tapestry Inc. | 0.63% |
| ATO Atmos Energy Corp. | 0.61% |
| WSM Williams-Sonoma Inc. | 0.58% |
| MRNA Moderna Inc. | 0.53% |
| SW Smurfit Westrock plc | 0.52% |
| FFIV F5 Networks Inc. | 0.50% |
Only in VXUS
Vanguard Total International Stock ETF — total ex-US. Its biggest holdings that VBR doesn’t have:
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 4.22% |
| 005930 Samsung Electronics Co. Ltd. | 2.26% |
| 000660 SK hynix Inc. | 2.16% |
| ASML ASML Holding NV | 1.68% |
| 700 Tencent Holdings Ltd. | 0.76% |
| HSBA HSBC Holdings plc | 0.71% |
| NOVN Novartis AG | 0.64% |
| RY Royal Bank of Canada | 0.64% |
So — essentially different. Should you hold both?
VBR and VXUS hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~843 effective positions (grade A), because they hold largely different securities.
Holdings as of — VBR: Jun 30, 2026 (Vanguard); VXUS: Jun 30, 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 →VBR vs VXUS — FAQ
- How much do VBR and VXUS overlap?
- VBR and VXUS overlap by approximately 0% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of VBR's 10 largest holdings are also held by VXUS. They share 0 of their listed top holdings in total.
- Is it redundant to hold both VBR and VXUS?
- 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 843 positions and a A diversification grade.
- What does VXUS hold that VBR doesn't?
- VXUS's largest holdings that VBR doesn't hold include 2330, 005930, 000660, ASML, 700. Its category is total ex-US, versus VBR's US small-cap value.
- Which is more concentrated, VBR or VXUS?
- VBR's top 10 holdings are 29% of its listed weight; VXUS's are 50%. The more concentrated fund leans harder on its largest names.