IVW vs VTV: 21% overlap
iShares S&P 500 Growth ETF and Vanguard Value ETF share 20.8% 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 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVW and VTV hold 58 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVW | in VTV | Δ |
|---|---|---|---|
| MU | 3.2% | 4.9% | 1.6% |
| BRK-B | 2.6% | 2.9% | 0.3% |
| JPM | 1.8% | 3.1% | 1.2% |
| CAT | 1.2% | 1.8% | 0.6% |
| JNJ | 1.1% | 2.3% | 1.2% |
| RTX | 0.8% | 1.0% | 0.1% |
| CSCO | 0.7% | 1.6% | 0.9% |
| ABBV | 0.6% | 1.7% | 1.1% |
| GS | 0.6% | 1.1% | 0.5% |
| GE | 0.5% | 0.7% | 0.2% |
Where IVW and VTV 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 | VTV | Δ |
|---|---|---|---|
| Information Technology | 52.5% | 14.1% | +38.5pp |
| Financials | 9.2% | 22.1% | −12.9pp |
| Communication Services | 14.7% | 2.9% | +11.9pp |
| Health Care | 6.3% | 15.1% | −8.8pp |
| Industrials | 6.6% | 15.0% | −8.3pp |
| Consumer Staples | 1.2% | 8.7% | −7.6pp |
| Energy | 0.0% | 6.8% | −6.8pp |
| Utilities | 0.4% | 4.8% | −4.4pp |
Δ is IVW minus VTV, 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
78.9% of IVW by weight, held in no part of VTV.
63.7% of VTV 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 | VTV | |
|---|---|---|
| Top 10 holdings | 58.2% | 23.6% |
| Positions held | 149 | 309 |
| Cost per $10,000 held, per year | $18 | $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 IVW and VTV overlap?
IVW and VTV overlap 20.8% by portfolio weight — moderate overlap. They share 58 holdings. The figure comes from current issuer holdings files (IVW as of 2026-07-23, VTV as of 2026-06-30).
How is the overlap between IVW and VTV 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 VTV 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 VTV?
That depends on your goals — we state facts, not advice. At 20.8% overlap, each fund still contributes meaningfully distinct exposure.
What does IVW own that VTV doesn't?
IVW holds 149 positions and VTV holds 309; 90 of IVW's positions don't appear in VTV at all, and they are 78.9% of IVW by weight.
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Related comparisons
Sources: issuer holdings files, IVW as of 2026-07-23, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.