IVV vs VV: 94% overlap
iShares Core S&P 500 ETF and Vanguard Large-Cap ETF share 93.6% 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 1.1. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVV and VV hold 398 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVV | in VV | Δ |
|---|---|---|---|
| NVDA | 7.9% | 7.3% | 0.7% |
| AAPL | 7.4% | 6.7% | 0.7% |
| MSFT | 4.4% | 4.4% | 0.1% |
| AMZN | 3.6% | 3.6% | 0.1% |
| GOOGL | 2.9% | 3.3% | 0.4% |
| AVGO | 2.9% | 2.8% | 0.1% |
| GOOG | 2.4% | 2.6% | 0.3% |
| META | 2.1% | 2.0% | 0.1% |
| MU | 1.8% | 2.1% | 0.3% |
| LLY | 1.5% | 1.6% | 0.1% |
Where IVV and VV 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 | VV | Δ |
|---|---|---|---|
| Financials | 12.3% | 11.6% | +0.8pp |
| Communication Services | 9.3% | 10.0% | −0.7pp |
| Information Technology | 37.5% | 38.1% | −0.7pp |
| Consumer Discretionary | 8.7% | 9.1% | −0.4pp |
| Energy | 3.4% | 3.0% | +0.4pp |
| Real Estate | 1.9% | 1.6% | +0.3pp |
| Cash and/or Derivatives | 0.2% | 0.4% | −0.3pp |
| Materials | 1.8% | 1.6% | +0.2pp |
Δ is IVV minus VV, 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
2.5% of IVV by weight, held in no part of VV.
1.7% of VV 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 | VV | |
|---|---|---|
| Top 10 holdings | 36.8% | 36.6% |
| Positions held | 506 | 434 |
| Cost per $10,000 held, per year | $3 | $3 |
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 VV overlap?
IVV and VV overlap 93.6% by portfolio weight — they are effectively the same fund. They share 398 holdings. The figure comes from current issuer holdings files (IVV as of 2026-07-23, VV as of 2026-06-30).
How is the overlap between IVV and VV 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 VV 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 VV?
That depends on your goals — we state facts, not advice. At 93.6% overlap, most of what one fund holds, the other holds too. Expense ratios: IVV 0.03% versus VV 0.03%.
What does IVV own that VV doesn't?
IVV holds 506 positions and VV holds 434; 107 of IVV's positions don't appear in VV at all, and they are 2.5% of IVV by weight.
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Related comparisons
Sources: issuer holdings files, IVV as of 2026-07-23, VV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.