VTWO vs SPSM overlap
VTWO and SPSM overlap 40.4% by weight, across 524 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VTWO | SPSM | Overlap |
|---|---|---|---|
| Lumen TechnologiLUMN | 0.31% | 0.39% | 0.31% |
| Viasat Inc.VSAT | 0.29% | 0.66% | 0.29% |
| Formfactor Inc.FORM | 0.28% | 0.68% | 0.28% |
| Argan Inc.AGX | 0.26% | 0.60% | 0.26% |
| Stonex Group Inc.SNEX | 0.24% | 0.45% | 0.24% |
| Powell INDS Inc.POWL | 0.24% | 0.44% | 0.24% |
| Brightspring HEABTSG | 0.23% | 0.60% | 0.23% |
| Krystal BiotechKRYS | 0.22% | 0.53% | 0.22% |
| SM Energy CoSM | 0.22% | 0.32% | 0.22% |
| MaxlinearMXL | 0.22% | 0.58% | 0.22% |
| ESCO Tech Inc.ESE | 0.22% | 0.49% | 0.22% |
| MYR Group Inc./deMYRG | 0.21% | 0.42% | 0.21% |
| Plexus Corp.PLXS | 0.21% | 0.44% | 0.21% |
| Ryman HospitalitRHP | 0.21% | 0.44% | 0.21% |
| ZURN Elkay WaterZWS | 0.21% | 0.41% | 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: VTWO, SEC Form N-PORT, May 31, 2026; SPSM, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VTWO | SPSM |
|---|---|---|
| Bank of America Corp. | $3.0B | $700.5M |
| UBS Group AG | $1.6B | $143.2M |
| LPL Financial LLC | $148.9M | $1.5B |
| Morgan Stanley | $1.1B | $439.1M |
| Betterment LLC | $794K | $1.1B |
| Financial Engines Advisors L.L.C. | $9.0M | $1.1B |
| Envestnet Asset Management Inc. | $438.7M | $367.2M |
| US Bancorp | $716.0M | $490K |
| Wells Fargo & Company | $495.0M | $54.9M |
| Stifel Financial Corp. | $275.5M | $120.0M |
| Goldman Sachs Group Inc. | $345.9M | $15.3M |
| Jones Financial Companies LLLP | $354.5M | $5.8M |
| Ameriprise Financial Inc. | $68.8M | $251.5M |
| Raymond James Financial Inc. | $89.9M | $173.5M |
| JPMorgan Chase & Co | $224.9M | $24.8M |
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: VTWO institutional holders, SPSM institutional holders.
Frequently asked questions
How much do VTWO and SPSM overlap?
40.4% by weight, with 524 holdings in common, using holdings for VTWO as of May 31, 2026 and SPSM as of June 30, 2026. The largest shared position is LUMN.
Do institutions hold both VTWO and SPSM?
358 Form 13F filers report positions in both, out of 1,433 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%.