VONV vs USMV overlap
VONV and USMV overlap 31.2% by weight, across 121 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (VONV: May 31, 2026, USMV: July 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 | VONV | USMV | Overlap |
|---|---|---|---|
| Johnson&JohnsonJNJ | 1.61% | 1.54% | 1.54% |
| Berkshire HATH-BBRK/B | 2.60% | 1.47% | 1.47% |
| Cisco SystemsCSCO | 1.42% | 1.46% | 1.42% |
| Exxon Mobil Corp.XOM | 1.82% | 1.39% | 1.39% |
| Procter & GamblePG | 1.00% | 1.04% | 1.00% |
| Merck & CoMRK | 0.88% | 1.35% | 0.88% |
| IBMIBM | 0.82% | 1.03% | 0.82% |
| Walmart Inc.WMT | 1.35% | 0.71% | 0.71% |
| ADV Micro DeviceAMD | 1.02% | 0.69% | 0.69% |
| Applied MaterialAMAT | 0.76% | 0.65% | 0.65% |
| Micron TechMU | 3.22% | 0.64% | 0.64% |
| Linde PLCLIN | 0.69% | 0.63% | 0.63% |
| Verizon CommunicVZ | 0.60% | 1.40% | 0.60% |
| Philip Morris inPM | 0.82% | 0.58% | 0.58% |
| McDonalds Corp.MCD | 0.56% | 1.10% | 0.56% |
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: VONV, SEC Form N-PORT, May 31, 2026; USMV, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | VONV | USMV |
|---|---|---|
| UBS Group AG | $3.5B | $300.9M |
| Bank of America Corp. | $2.5B | $1.2B |
| LPL Financial LLC | $2.9B | $767.2M |
| Morgan Stanley | $604.4M | $1.4B |
| Raymond James Financial Inc. | $187.9M | $1.4B |
| FMR LLC | $7.1M | $1.5B |
| TIAA-CREF Individual & Institutional Services, LLC | $635.5M | $1.1M |
| Envestnet Asset Management Inc. | $254.8M | $363.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $608.4M | $2.2M |
| Wells Fargo & Company | $193.7M | $327.6M |
| PNC Financial Services Group, Inc. | $74.3M | $409.7M |
| Wealth Enhancement Advisory Services, LLC | $12.8M | $458.5M |
| Commonwealth Equity Services, LLC | $168.0M | $175.2M |
| BlackRock, Inc. | $1.5M | $333.5M |
| Creative Planning | $294.3M | $31.8M |
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: VONV institutional holders, USMV institutional holders.
Frequently asked questions
How much do VONV and USMV overlap?
31.2% by weight, with 121 holdings in common, using holdings for VONV as of May 31, 2026 and USMV as of July 31, 2026. The largest shared position is JNJ.
Do institutions hold both VONV and USMV?
363 Form 13F filers report positions in both, out of 1,633 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%.