VGT vs VOO: 38% overlap

Vanguard Information Technology ETF and Vanguard S&P 500 ETF share 38.2% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
1.6Effective Funds

You would hold two tickers and get the diversification of 1.6. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
38.2%
VGT expense ratio
0.09%
VOO expense ratio
0.03%

Top shared holdings

VGT and VOO hold 75 of the same securities. The ten contributing most to the overlap figure:

Holdingin VGTin VOOΔ
NVDA16.1%7.5%8.6%
AAPL14.3%6.6%7.7%
MSFT8.3%4.3%4.0%
AVGO3.8%2.8%1.1%
MU5.0%2.0%3.0%
AMD3.6%1.5%2.2%
INTC2.4%1.0%1.4%
AMAT2.3%0.9%1.4%
LRCX2.1%0.8%1.3%
CSCO1.8%0.7%1.1%

Where VGT and VOO 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.

SectorVGTVOOΔ
Information Technology99.5%38.0%+61.4pp
Financials0.0%11.6%11.6pp
Communication Services0.0%9.7%9.7pp
Consumer Discretionary0.0%9.3%9.3pp
Industrials0.0%8.9%8.9pp
Health Care0.0%8.9%8.9pp
Consumer Staples0.1%4.6%4.5pp
Energy0.0%3.0%3.0pp

Δ is VGT minus VOO, 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 VGT
247 positions

12.6% of VGT by weight, held in no part of VOO.

Only in VOO
430 positions

61.8% of VOO by weight, held in no part of VGT.

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

Concentration and cost

VGTVOO
Top 10 holdings59.9%36.4%
Positions held322505
Cost per $10,000 held, per year$9$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 VGT and VOO overlap?

VGT and VOO overlap 38.2% by portfolio weight — moderate overlap. They share 75 holdings. The figure comes from current issuer holdings files (VGT as of 2026-06-30, VOO as of 2026-06-30).

How is the overlap between VGT and VOO calculated?

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

That depends on your goals — we state facts, not advice. At 38.2% overlap, each fund still contributes meaningfully distinct exposure.

What does VGT own that VOO doesn't?

VGT holds 322 positions and VOO holds 505; 247 of VGT's positions don't appear in VOO at all, and they are 12.6% of VGT by weight.

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Related comparisons

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