LABU vs VTWO overlap - what they share and where they differ
LABU and VTWO share 7.3% of their weight across 109 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
LABU and VTWO
7.3%
109 shared positions
LABU
Direxion Daily S&P Biotech Bull 3X Shares
Reported positions cover 67% of the fund, 147 positions · Jul 31, 2026
Top 10: 9.4%·Holdings of LABU
VTWO
VANGUARD RUSSELL 2000 INDEX FUND
Reported positions cover 100% of the fund, 1,922 positions · May 31, 2026
Top 10: 7.8%·Holdings of VTWO
Reported positions cover LABU 67%, VTWO 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VTWO vs LABU side by side
LABUDirexion Daily S&P Biotech Bull 3X Shares
147
stock positions reported to the SEC
19.5% of its weight is in 38 names VTWO does not hold
VTWOVANGUARD RUSSELL 2000 INDEX FUND
1,922
stock positions reported to the SEC
92.3% of its weight is in 1,813 names LABU does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Healthcare: LABU has 50.6 points more of it.
The figures side by side
| LABU | VTWO | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 147 | 1,922 |
| Weight of the ten largest | 9.4% | 7.8% |
| Largest position | APOGEE THERAPEUTICS INC 1.1% | BE 1.8% |
| Held alone | 38 positions, 19.5% | 1,813 positions, 92.3% |
| Covered by stock positions | 67% | 100% |
Holdings they share
| Stock | In LABU | In VTWO | Counted |
|---|---|---|---|
| ARWRARROWHEAD PHARMACEUTICALS INC | 0.82% | 0.31% | 0.31% |
| BBIOBRIDGEBIO PHARMA INC | 0.81% | 0.31% | 0.31% |
| CYTKCYTOKINETICS INC | 0.79% | 0.29% | 0.29% |
| PRAXPRAXIS PRECISION MEDICINES INC | 0.87% | 0.26% | 0.26% |
| MDGLMADRIGAL PHARMACEUTICALS INC | 0.68% | 0.25% | 0.25% |
| KRYSKRYSTAL BIOTECH INC | 0.75% | 0.22% | 0.22% |
| ALKSALKERMES PLC | 0.76% | 0.20% | 0.20% |
| PCVXVAXCYTE INC | 0.81% | 0.19% | 0.19% |
| PTCTPTC THERAPEUTICS INC | 0.63% | 0.17% | 0.17% |
| PTGXPROTAGONIST THERAPEUTICS INC | 0.88% | 0.17% | 0.17% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in LABU
Only in VTWO
Questions people ask
Is LABU the same as VTWO?
7.3% of their weight sits in the same 109 holdings. LABU also reports RVMD, REGN, NTRA, which the other does not. VTWO also reports BE, CRDO, STRL, which the other does not.
How is the overlap between LABU and VTWO measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 67% of LABU and 100% of VTWO, so the number cannot exceed the smaller coverage.
Which holds more, VTWO or LABU?
LABU reports 147 stock positions and VTWO reports 1,922. 19.5% of LABU's weight sits in names VTWO does not hold, and 92.3% of VTWO's weight in names LABU does not hold. The ten largest positions are 9.4% of LABU and 7.8% of VTWO.
How do LABU and VTWO differ by sector?
The widest gap is Healthcare: LABU has 50.6 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.