DIA vs VT: 19% overlap
SPDR Dow Jones Industrial Average ETF and Vanguard Total World Stock ETF share 18.5% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
DIA and VT hold 30 of the same securities. The ten contributing most to the overlap figure:
| Holding | in DIA | in VT | Δ |
|---|---|---|---|
| AAPL | 3.7% | 3.6% | 0.1% |
| NVDA | 2.4% | 4.0% | 1.6% |
| MSFT | 4.4% | 2.4% | 2.0% |
| AMZN | 2.7% | 2.0% | 0.7% |
| GOOGL | 3.6% | 1.8% | 1.8% |
| JPM | 4.0% | 0.7% | 3.3% |
| JNJ | 3.0% | 0.5% | 2.5% |
| V | 4.0% | 0.5% | 3.6% |
| WMT | 1.2% | 0.4% | 0.8% |
| CAT | 10.3% | 0.4% | 9.9% |
Where DIA and VT differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | DIA | VT | Δ |
|---|---|---|---|
| Information Technology | 15.9% | 30.1% | −14.1pp |
| Financials | 28.6% | 14.9% | +13.8pp |
| Industrials | 17.5% | 11.5% | +6.0pp |
| Health Care | 13.6% | 7.7% | +5.9pp |
| Unclassified | 0.0% | 3.8% | −3.8pp |
| Utilities | 0.0% | 2.5% | −2.5pp |
| Communication Services | 4.7% | 7.0% | −2.3pp |
| Real Estate | 0.0% | 2.1% | −2.1pp |
Δ is DIA minus VT, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
0.0% of DIA by weight, held in no part of VT.
79.9% of VT by weight, held in no part of DIA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| DIA | VT | |
|---|---|---|
| Top 10 holdings | 56.2% | 20.5% |
| Positions held | 31 | 9,600 |
| Cost per $10,000 held, per year | $16 | $6 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do DIA and VT overlap?
DIA and VT overlap 18.5% by portfolio weight — moderate overlap. They share 30 holdings. The figure comes from current issuer holdings files (DIA as of 2026-07-23, VT as of 2026-06-30).
How is the overlap between DIA and VT calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If DIA holds a stock at 6% and VT holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both DIA and VT?
That depends on your goals — we state facts, not advice. At 18.5% overlap, each fund still contributes meaningfully distinct exposure.
What does DIA own that VT doesn't?
DIA holds 31 positions and VT holds 9,600; 0 of DIA's positions don't appear in VT at all, and they are 0.0% of DIA by weight.
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Related comparisons
Sources: issuer holdings files, DIA as of 2026-07-23, VT as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.