VB vs IWR overlap

VB and IWR overlap 45.2% by weight, across 593 shared holdings.

VBIWR

Pick 2 to 4 ETFs.

45.2%

overlap by weight, across 593 shared holdings

VB73.5% of the fund is in shared holdings, of 1,309

IWR46.0% of the fund is in shared holdings, of 824

Top shared holdings

Holding	VB	IWR	Overlap
Astera Labs Inc.ALAB	0.45%	0.53%	0.45%
Flex Ltd.FLEX	0.36%	0.43%	0.36%
Credo TechnologyCRDO	0.55%	0.32%	0.32%
Jabil Inc.JBL	0.49%	0.29%	0.29%
Natera Inc.NTRA	0.45%	0.27%	0.27%
Emcor Group Inc.EME	0.45%	0.26%	0.26%
Revolution MedicRVMD	0.46%	0.26%	0.26%
Twilio Inc. - aTWLO	0.38%	0.22%	0.22%
MKS Inc.MKSI	0.37%	0.21%	0.21%
Carpenter TechCRS	0.35%	0.21%	0.21%
NRG EnergyNRG	0.37%	0.21%	0.21%
Tapestry Inc.TPR	0.36%	0.21%	0.21%
Casey's GeneralCASY	0.36%	0.21%	0.21%
Qnity ElectronicQ	0.21%	0.25%	0.21%
Atmos EnergyATO	0.35%	0.21%	0.21%

Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: VB, SEC Form N-PORT, June 30, 2026; IWR, SEC Form N-PORT, June 30, 2026.

1,180

institutions report holding both, of 2,880 holding any

VB84.2% of its 13F dollars, 47.8% of its 2,471 holders

IWR97.2% of its 13F dollars, 74.3% of its 1,589 holders

Largest institutions holding both

Firm	VB	IWR
Bank of America Corp.	$6.5B	$7.6B
Jones Financial Companies LLLP	$789.2M	$10.9B
Wells Fargo & Company	$1.5B	$5.0B
Morgan Stanley	$2.5B	$1.3B
UBS Group AG	$1.3B	$811.2M
PNC Financial Services Group, Inc.	$602.1M	$1.4B
Bank of New York Mellon Corp	$580.1M	$1.2B
Envestnet Asset Management Inc.	$1.2B	$496.5M
Royal Bank of Canada	$643.4M	$895.3M
US Bancorp	$66.5M	$1.4B
Baird Financial Group, Inc.	$256.0M	$1.2B
LPL Financial LLC	$1.0B	$411.5M
JPMorgan Chase & Co	$373.7M	$812.9M
Northern Trust Corp.	$40.1M	$1.1B
Mercer Global Advisors Inc.	$1.0B	$34.8M

This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.

Who owns them: VB institutional holders, IWR institutional holders.

Frequently asked questions

How much do VB and IWR overlap?

45.2% by weight, with 593 holdings in common, using holdings for VB as of June 30, 2026 and IWR as of June 30, 2026. The largest shared position is ALAB.

Do institutions hold both VB and IWR?

1,180 Form 13F filers report positions in both, out of 2,880 that report either one.

How is overlap by weight worked out?

For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.