VEA vs VUG: 1% overlap
Vanguard FTSE Developed Markets ETF and Vanguard Growth ETF share 0.6% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VEA and VUG hold 8 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VEA | in VUG | Δ |
|---|---|---|---|
| CASH | 1.4% | 0.3% | 1.1% |
| WCN | 0.1% | 0.1% | 0.0% |
| HEI-A | 0.1% | 0.1% | 0.0% |
| SUNB | 0.1% | 0.1% | 0.0% |
| HEI | 0.1% | 0.0% | 0.0% |
| EQT | 0.0% | 0.0% | 0.0% |
| TKO | 0.0% | 0.0% | 0.0% |
| STX | 0.0% | 0.6% | 0.6% |
Where VEA and VUG 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 | VEA | VUG | Δ |
|---|---|---|---|
| Information Technology | 17.1% | 56.0% | −38.9pp |
| Financials | 20.7% | 3.9% | +16.8pp |
| Communication Services | 2.5% | 15.3% | −12.8pp |
| Industrials | 16.9% | 5.0% | +11.9pp |
| Unclassified | 8.9% | 0.1% | +8.8pp |
| Materials | 5.1% | 0.6% | +4.5pp |
| Consumer Staples | 5.6% | 1.4% | +4.2pp |
| Consumer Discretionary | 7.3% | 11.4% | −4.1pp |
Δ is VEA minus VUG, 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
98.2% of VEA by weight, held in no part of VUG.
98.7% of VUG by weight, held in no part of VEA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VEA | VUG | |
|---|---|---|
| Top 10 holdings | 15.2% | 60.3% |
| Positions held | 3,792 | 147 |
| 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 VEA and VUG overlap?
VEA and VUG overlap 0.6% by portfolio weight — largely distinct portfolios. They share 8 holdings. The figure comes from current issuer holdings files (VEA as of 2026-06-30, VUG as of 2026-06-30).
How is the overlap between VEA and VUG calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VEA holds a stock at 6% and VUG 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 VEA and VUG?
That depends on your goals — we state facts, not advice. At 0.6% overlap, each fund still contributes meaningfully distinct exposure.
What does VEA own that VUG doesn't?
VEA holds 3,792 positions and VUG holds 147; 3,784 of VEA's positions don't appear in VUG at all, and they are 98.2% of VEA by weight.
You probably hold more than two funds
This page compares VEA and VUG. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch VEA vs VUG
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, VEA as of 2026-06-30, VUG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.