Does that portfolio complement a portfolio composed of: VOO VTI IEFA VB VWO BND BNDX MTUM QUAL & MUB?

When considering the combination of your first portfolio with the second, it's important to analyze how the assets overlap and complement each other. Here's a breakdown of how these two portfolios might interact:

**First Portfolio:**
- **Equity-focused**: VOO (Vanguard S&P 500 ETF), VTI (Vanguard Total Stock Market ETF), IEFA (iShares Core MSCI EAFE ETF), VB (Vanguard Small-Cap ETF), VWO (Vanguard FTSE Emerging Markets ETF)
- **Bond-focused**: BND (Vanguard Total Bond Market ETF), BNDX (Vanguard Total International Bond ETF), MUB (iShares National Muni Bond ETF)

**Second Portfolio:**
- **Equity-focused**: VNQ (Vanguard Real Estate Index Fund), VPU (Invesco Wilder Hill Clean Energy ETF), LE (First Trust Nasdaq-100 Ex-Tech Index Fund), XLB (VanEck Vectors Gold Miners ETF)
- **Bond-focused**: None

**Overlap and Complementarity:**
1. **Equity Exposure**: Both portfolios have significant equity exposure, with the first portfolio covering domestic and international large-cap, mid-cap, and small-cap stocks, while the second portfolio adds real estate, clean energy, and gold mining exposures. This diversification can help spread risk across different sectors and market capitalizations.
2. **Bond Exposure**: The first portfolio has a robust bond component with domestic and international coverage, while the second portfolio does not have any bond exposure. This means the second portfolio is more geared towards equity investments, which could increase overall risk but also potentially enhance returns.
3. **Sectors Covered**: The first portfolio covers a broad range of sectors, including healthcare, energy, technology, and consumer discretionary, among others. The second portfolio adds real estate and gold mining, which can provide additional diversification and potential growth opportunities, especially in times of market volatility or inflation.
4. **Risk Profile**: The addition of the second portfolio increases the overall risk profile due to the higher equity exposure and the specific sector allocations. However, the diversification into real estate and gold mining may help mitigate risks in other areas of the market.

**Conclusion:**
The combination of these two portfolios can provide a well-diversified investment strategy, covering both equity and bond assets across various sectors. The real estate, clean energy, and gold mining exposures in the second portfolio can complement the first portfolio by offering additional growth potential and risk mitigation. However, it's crucial to consider your individual risk tolerance, investment goals, and time horizon when balancing the two portfolios. Regular portfolio rebalancing may be necessary to maintain the desired asset allocation and risk profile.