etf overlap tool · heavy overlap
VEQT vs VBAL overlap
99% of VEQT's money sits in companies VBAL also holds; 61% of the two funds is the same money, spread over 12,424 companies both hold.
Holdings as of September 30, 2026 · source: Vanguard (VEQT), Vanguard (VBAL) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
VEQT holds 4 Vanguard funds, not stocks: VUN 45.5% (itself VTI), VCN 29.7%, VIU 17.6%, VEE 7.2% (itself VWO). Each is read through with Vanguard's own file of the same month-end, so the lines here are the 12,424 stocks behind them. Vanguard's files give an ISIN with each line: 99.9% of its stock money is matched on one.
VBAL holds 7 Vanguard funds, not stocks: VUN 28.0% (itself VTI), VCN 18.1%, VIU 11.1%, VEE 4.7% (itself VWO), plus VAB, VBG, VBU in bonds. Each is read through with Vanguard's own file of the same month-end, so the lines here are the 12,424 stocks behind them. About 39% of VBAL is bonds and cash, left out of the count, so its stocks can match another fund's for at most 61%. Vanguard's files give an ISIN with each line: 99.9% of its stock money is matched on one.
Hold VEQT and VBAL with other funds or stocks? The free portfolio optimizer opens VEQT and VBAL beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
SHOPShopify Inc1.54%0.94%
GOOGAlphabet Inc0.99%0.61%What only one of them gives you
Every VEQT holding is also in the other fund.
Every VBAL holding is also in the other fund.
Where each fund puts its money
VEQT and VBAL: what people ask
How much do VEQT and VBAL overlap?
61% by weight, as of September 30, 2026: heavy overlap. 12,424 companies appear in both funds; they make up 99% of VEQT and 61% of VBAL.
Which stocks do VEQT and VBAL both hold?
The largest shared positions are NVDA, AAPL, MSFT, RY and TD. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VEQT and VBAL?
Out of every $100 split evenly between them, about $61 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 0 names only in VEQT, 0 only in VBAL. Half in each behaves like 163 equally weighted stocks, against 162 for VEQT alone and 164 for VBAL alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.