IVV vs SPLG: 100% overlap
iShares Core S&P 500 ETF and SPDR Portfolio S&P 500 ETF (now SPYM) share 99.8% 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 1.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVV and SPLG hold 504 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVV | in SPLG | Δ |
|---|---|---|---|
| NVDA | 7.9% | 7.9% | 0.0% |
| AAPL | 7.4% | 7.4% | 0.0% |
| MSFT | 4.4% | 4.4% | 0.0% |
| AMZN | 3.6% | 3.6% | 0.0% |
| GOOGL | 2.9% | 2.9% | 0.0% |
| AVGO | 2.9% | 2.9% | 0.0% |
| GOOG | 2.4% | 2.4% | 0.0% |
| META | 2.1% | 2.1% | 0.0% |
| MU | 1.8% | 1.8% | 0.0% |
| LLY | 1.5% | 1.5% | 0.0% |
Where IVV and SPLG 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 | IVV | SPLG | Δ |
|---|---|---|---|
| Cash and/or Derivatives | 0.2% | 0.1% | +0.1pp |
| Information Technology | 37.5% | 37.5% | −0.0pp |
| Cash & Other | 0.0% | 0.0% | +0.0pp |
| Financials | 12.3% | 12.4% | −0.0pp |
| Industrials | 8.9% | 8.9% | −0.0pp |
| Communication Services | 9.3% | 9.3% | −0.0pp |
| Consumer Discretionary | 8.7% | 8.7% | −0.0pp |
| Health Care | 9.1% | 9.1% | −0.0pp |
Δ is IVV minus SPLG, 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 IVV by weight, held in no part of SPLG.
0.0% of SPLG by weight, held in no part of IVV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IVV | SPLG | |
|---|---|---|
| Top 10 holdings | 36.8% | 36.9% |
| Positions held | 506 | 507 |
| Cost per $10,000 held, per year | $3 | $2 |
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 IVV and SPLG overlap?
IVV and SPLG overlap 99.8% by portfolio weight — they are effectively the same fund. They share 504 holdings. The figure comes from current issuer holdings files (IVV as of 2026-07-23, SPLG as of 2026-07-23).
How is the overlap between IVV and SPLG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IVV holds a stock at 6% and SPLG 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 IVV and SPLG?
That depends on your goals — we state facts, not advice. At 99.8% overlap, most of what one fund holds, the other holds too. Expense ratios: IVV 0.03% versus SPLG 0.02%.
What does IVV own that SPLG doesn't?
IVV holds 506 positions and SPLG holds 507; 1 of IVV's positions don't appear in SPLG at all, and they are 0.0% of IVV by weight.
You probably hold more than two funds
This page compares IVV and SPLG. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch IVV vs SPLG
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, IVV as of 2026-07-23, SPLG as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.