VLUE vs RWL overlap
VLUE and RWL overlap 28.7% by weight, across 132 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (VLUE: July 31, 2026, RWL: May 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | VLUE | RWL | Overlap |
|---|---|---|---|
| CVS Health Corp.CVS | 1.54% | 2.37% | 1.54% |
| DELL Techn-CDELL | 1.42% | 1.59% | 1.42% |
| Ford Motor CoF | 2.14% | 1.32% | 1.32% |
| Bank of AmericaBAC | 2.21% | 1.02% | 1.02% |
| General Motors CGM | 3.99% | 1.01% | 1.01% |
| Citigroup Inc.C | 1.62% | 0.96% | 0.96% |
| The Cigna GroupCI | 0.93% | 1.43% | 0.93% |
| Elevance HealthELV | 0.66% | 1.32% | 0.66% |
| Verizon CommunicVZ | 2.97% | 0.64% | 0.64% |
| Valero EnergyVLO | 0.68% | 0.64% | 0.64% |
| Wells Fargo & CoWFC | 1.25% | 0.61% | 0.61% |
| Kroger CoKR | 0.57% | 0.62% | 0.57% |
| At&T Inc.T | 2.55% | 0.56% | 0.56% |
| Target Corp.TGT | 0.80% | 0.55% | 0.55% |
| Fedex Corp.FDX | 1.27% | 0.50% | 0.50% |
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: VLUE, SEC Form N-PORT, July 31, 2026; RWL, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | VLUE | RWL |
|---|---|---|
| LPL Financial LLC | $196.1M | $848.1M |
| Northwestern Mutual Wealth Management Co | $659.9M | $37.9M |
| Morgan Stanley | $184.8M | $426.8M |
| Bank of America Corp. | $296.0M | $288.9M |
| Ameriprise Financial Inc. | $55.0M | $475.8M |
| BlackRock, Inc. | $268.7M | $82K |
| Envestnet Asset Management Inc. | $206.6M | $54.1M |
| Wells Fargo & Company | $117.2M | $111.4M |
| Mercer Global Advisors Inc. | $225.3M | $960K |
| Bank of New York Mellon Corp | $911K | $222.4M |
| Jones Financial Companies LLLP | $30.1M | $157.5M |
| Cetera Investment Advisers | $31.1M | $152.7M |
| Osaic Holdings, Inc. | $37.0M | $146.7M |
| FMR LLC | $157.5M | $2.2M |
| JPMorgan Chase & Co | $136.3M | $20.1M |
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: VLUE institutional holders, RWL institutional holders.
Frequently asked questions
How much do VLUE and RWL overlap?
28.7% by weight, with 132 holdings in common, using holdings for VLUE as of July 31, 2026 and RWL as of May 31, 2026. The largest shared position is CVS.
Do institutions hold both VLUE and RWL?
168 Form 13F filers report positions in both, out of 801 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%.