IVE vs VIG: 49% overlap
iShares S&P 500 Value ETF and Vanguard Dividend Appreciation ETF share 48.9% 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 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVE and VIG hold 161 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVE | in VIG | Δ |
|---|---|---|---|
| AAPL | 8.1% | 4.2% | 3.9% |
| XOM | 2.2% | 2.5% | 0.3% |
| WMT | 1.6% | 2.2% | 0.5% |
| COST | 1.4% | 1.8% | 0.4% |
| BAC | 1.4% | 1.6% | 0.3% |
| UNH | 1.3% | 1.6% | 0.3% |
| PG | 1.2% | 1.5% | 0.3% |
| HD | 1.1% | 1.5% | 0.4% |
| MRK | 1.1% | 1.4% | 0.3% |
| JPM | 1.0% | 3.6% | 2.5% |
Where IVE and VIG 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 | IVE | VIG | Δ |
|---|---|---|---|
| Information Technology | 19.8% | 26.3% | −6.5pp |
| Consumer Discretionary | 9.6% | 4.3% | +5.3pp |
| Health Care | 12.5% | 17.7% | −5.2pp |
| Energy | 7.4% | 3.0% | +4.4pp |
| Financials | 16.1% | 20.2% | −4.1pp |
| Real Estate | 3.4% | 0.0% | +3.3pp |
| Communication Services | 2.9% | 0.0% | +2.9pp |
| Utilities | 4.5% | 3.0% | +1.4pp |
Δ is IVE minus VIG, 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
47.3% of IVE by weight, held in no part of VIG.
24.1% of VIG by weight, held in no part of IVE.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IVE | VIG | |
|---|---|---|
| Top 10 holdings | 23.7% | 31.9% |
| Positions held | 440 | 333 |
| Cost per $10,000 held, per year | $18 | $4 |
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 IVE and VIG overlap?
IVE and VIG overlap 48.9% by portfolio weight — moderate overlap. They share 161 holdings. The figure comes from current issuer holdings files (IVE as of 2026-07-23, VIG as of 2026-06-30).
How is the overlap between IVE and VIG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IVE holds a stock at 6% and VIG 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 IVE and VIG?
That depends on your goals — we state facts, not advice. At 48.9% overlap, each fund still contributes meaningfully distinct exposure.
What does IVE own that VIG doesn't?
IVE holds 440 positions and VIG holds 333; 278 of IVE's positions don't appear in VIG at all, and they are 47.3% of IVE by weight.
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Related comparisons
Sources: issuer holdings files, IVE as of 2026-07-23, VIG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.