MGK vs VTV: 2% overlap

Vanguard Mega Cap Growth ETF and Vanguard Value ETF share 2.5% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
2.0Effective Funds

You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
2.5%
MGK expense ratio
0.05%
VTV expense ratio
0.03%

Top shared holdings

MGK and VTV hold 7 of the same securities. The ten contributing most to the overlap figure:

Holdingin MGKin VTVΔ
INTC1.1%1.1%0.0%
CASH0.5%0.4%0.0%
GLW0.9%0.4%0.5%
UBER0.4%0.3%0.1%
INTU0.3%0.1%0.2%
BSX0.3%0.1%0.2%
IBKR0.3%0.1%0.2%

Where MGK 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.

SectorMGKVTVΔ
Information Technology58.6%14.1%+44.6pp
Financials4.0%22.1%18.1pp
Communication Services16.2%2.9%+13.3pp
Industrials2.6%15.0%12.4pp
Health Care4.9%15.1%10.3pp
Consumer Staples0.4%8.7%8.3pp
Consumer Discretionary11.2%3.9%+7.3pp
Energy0.0%6.8%6.8pp

Δ is MGK 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

Only in MGK
50 positions

96.3% of MGK by weight, held in no part of VTV.

Only in VTV
302 positions

97.5% of VTV by weight, held in no part of MGK.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

MGKVTV
Top 10 holdings63.5%23.6%
Positions held57309
Cost per $10,000 held, per year$5$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 MGK and VTV overlap?

MGK and VTV overlap 2.5% by portfolio weight — largely distinct portfolios. They share 7 holdings. The figure comes from current issuer holdings files (MGK as of 2026-06-30, VTV as of 2026-06-30).

How is the overlap between MGK and VTV calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If MGK 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 MGK and VTV?

That depends on your goals — we state facts, not advice. At 2.5% overlap, each fund still contributes meaningfully distinct exposure.

What does MGK own that VTV doesn't?

MGK holds 57 positions and VTV holds 309; 50 of MGK's positions don't appear in VTV at all, and they are 96.3% of MGK by weight.

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Related comparisons

Sources: issuer holdings files, MGK as of 2026-06-30, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.