TSPS vs VOOG: 0% overlap

TSP S Fund — shown via extended-market proxy and Vanguard S&P 500 Growth ETF share 0.2% 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
0.2%
TSPS expense ratio
0.05%
VOOG expense ratio
0.07%

Top shared holdings

TSPS and VOOG hold 3 of the same securities. The ten contributing most to the overlap figure:

Holdingin TSPSin VOOGΔ
CASH3.8%0.2%3.6%
FLEX0.0%0.2%0.2%
MRVL0.0%0.3%0.3%

Where TSPS and VOOG 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.

SectorTSPSVOOGΔ
Information Technology17.6%52.2%34.6pp
Industrials19.8%6.9%+13.0pp
Communication Services4.5%15.2%10.8pp
Health Care13.2%6.2%+7.0pp
Financials13.9%8.5%+5.4pp
Real Estate4.8%0.6%+4.2pp
Energy4.0%0.0%+4.0pp
Materials4.1%0.3%+3.8pp

Δ is TSPS minus VOOG, 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 TSPS
3,324 positions

96.2% of TSPS by weight, held in no part of VOOG.

Only in VOOG
145 positions

99.3% of VOOG by weight, held in no part of TSPS.

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

Concentration and cost

TSPSVOOG
Top 10 holdings10.6%56.4%
Positions held3,327148
Cost per $10,000 held, per year$5$7

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 TSPS and VOOG overlap?

TSPS and VOOG overlap 0.2% by portfolio weight — largely distinct portfolios. They share 3 holdings. The figure comes from current issuer holdings files (TSPS as of 2026-06-30, VOOG as of 2026-06-30).

How is the overlap between TSPS and VOOG calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If TSPS holds a stock at 6% and VOOG 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 TSPS and VOOG?

That depends on your goals — we state facts, not advice. At 0.2% overlap, each fund still contributes meaningfully distinct exposure.

What does TSPS own that VOOG doesn't?

TSPS holds 3,327 positions and VOOG holds 148; 3,324 of TSPS's positions don't appear in VOOG at all, and they are 96.2% of TSPS by weight.

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Related comparisons

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