IVW vs VIG: 30% overlap
iShares S&P 500 Growth ETF and Vanguard Dividend Appreciation ETF share 29.7% 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVW and VIG hold 42 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVW | in VIG | Δ |
|---|---|---|---|
| AVGO | 5.4% | 4.5% | 0.9% |
| AAPL | 6.9% | 4.2% | 2.6% |
| MSFT | 8.2% | 3.5% | 4.7% |
| LLY | 2.7% | 4.1% | 1.4% |
| JPM | 1.8% | 3.6% | 1.7% |
| CAT | 1.2% | 2.1% | 0.9% |
| LRCX | 1.2% | 2.4% | 1.2% |
| JNJ | 1.1% | 2.7% | 1.6% |
| V | 0.9% | 2.3% | 1.4% |
| MA | 0.8% | 1.8% | 1.0% |
Where IVW 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 | IVW | VIG | Δ |
|---|---|---|---|
| Information Technology | 52.5% | 26.3% | +26.2pp |
| Communication Services | 14.7% | 0.0% | +14.7pp |
| Health Care | 6.3% | 17.7% | −11.4pp |
| Financials | 9.2% | 20.2% | −11.0pp |
| Consumer Staples | 1.2% | 9.3% | −8.2pp |
| Industrials | 6.6% | 12.2% | −5.5pp |
| Consumer Discretionary | 8.0% | 4.3% | +3.7pp |
| Materials | 0.3% | 3.4% | −3.1pp |
Δ is IVW 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
62.1% of IVW by weight, held in no part of VIG.
48.3% of VIG by weight, held in no part of IVW.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IVW | VIG | |
|---|---|---|
| Top 10 holdings | 58.2% | 31.9% |
| Positions held | 149 | 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 IVW and VIG overlap?
IVW and VIG overlap 29.7% by portfolio weight — moderate overlap. They share 42 holdings. The figure comes from current issuer holdings files (IVW as of 2026-07-23, VIG as of 2026-06-30).
How is the overlap between IVW and VIG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IVW 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 IVW and VIG?
That depends on your goals — we state facts, not advice. At 29.7% overlap, each fund still contributes meaningfully distinct exposure.
What does IVW own that VIG doesn't?
IVW holds 149 positions and VIG holds 333; 106 of IVW's positions don't appear in VIG at all, and they are 62.1% of IVW by weight.
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Related comparisons
Sources: issuer holdings files, IVW as of 2026-07-23, VIG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.