VBCD vs NCPB overlap

VBCD and NCPB overlap 1.5% by weight, across 6 shared holdings.

VBCDNCPB

Pick 2 to 4 ETFs.

1.5%

overlap by weight, across 6 shared holdings

VBCD1.6% of the fund is in shared holdings, of 669

NCPB2.5% of the fund is in shared holdings, of 475

Top shared holdings

Holding	VBCD	NCPB	Overlap
Morgan StanleyMS	0.59%	0.51%	0.51%
Bank of AMER CRP	0.47%	1.07%	0.47%
JPMorgan Chase	0.27%	0.26%	0.26%
GEN Motors FIN	0.10%	0.28%	0.10%
O'REILLY Automot	0.08%	0.11%	0.08%
HCA Inc.	0.07%	0.26%	0.07%

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: VBCD, SEC Form N-PORT, June 30, 2026; NCPB, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 12 holding any

VBCD5.7% of its 13F dollars, 20.0% of its 5 holders

NCPB4.6% of its 13F dollars, 12.5% of its 8 holders

Largest institutions holding both

Firm	VBCD	NCPB
Citadel Advisors LLC	$1.5M	$1.2M

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: VBCD institutional holders, NCPB institutional holders.

Frequently asked questions

How much do VBCD and NCPB overlap?

1.5% by weight, with 6 holdings in common, using holdings for VBCD as of June 30, 2026 and NCPB as of July 31, 2026. The largest shared position is MS.

Do institutions hold both VBCD and NCPB?

1 Form 13F filers report positions in both, out of 12 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%.