VGT vs VTIVX: 17% overlap
Vanguard Information Technology ETF and Vanguard Target Retirement 2045 share 17.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — VTIVX as of 2026-03-31, the rest through 2026-06-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
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
VGT and VTIVX hold 317 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VGT | in VTIVX | Δ |
|---|---|---|---|
| NVDA | 16.1% | 3.0% | 13.1% |
| AAPL | 14.3% | 2.8% | 11.5% |
| MSFT | 8.3% | 1.8% | 6.5% |
| AVGO | 3.8% | 1.2% | 2.7% |
| MU | 5.0% | 0.9% | 4.2% |
| AMD | 3.6% | 0.6% | 3.0% |
| CASH | 0.4% | 1.9% | 1.5% |
| AMAT | 2.3% | 0.4% | 1.9% |
| INTC | 2.4% | 0.4% | 2.0% |
| LRCX | 2.1% | 0.4% | 1.8% |
Where VGT and VTIVX 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 | VGT | VTIVX | Δ |
|---|---|---|---|
| Information Technology | 99.5% | 23.8% | +75.7pp |
| Financials | 0.0% | 13.3% | −13.3pp |
| Industrials | 0.0% | 9.6% | −9.6pp |
| Unclassified | 0.0% | 8.0% | −8.0pp |
| Consumer Discretionary | 0.0% | 6.9% | −6.8pp |
| Health Care | 0.0% | 6.3% | −6.3pp |
| Treasuries | 0.0% | 6.2% | −6.2pp |
| Communication Services | 0.0% | 5.4% | −5.4pp |
Δ is VGT minus VTIVX, 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
0.5% of VGT by weight, held in no part of VTIVX.
80.9% of VTIVX 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
| VGT | VTIVX | |
|---|---|---|
| Top 10 holdings | 59.9% | 21.4% |
| Positions held | 322 | 6 |
| Cost per $10,000 held, per year | $9 | $8 |
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 VTIVX overlap?
VGT and VTIVX overlap 17.4% by portfolio weight — moderate overlap. They share 317 holdings. The figure comes from current issuer holdings files (VGT as of 2026-06-30, VTIVX as of 2026-03-31).
How is the overlap between VGT and VTIVX 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 VTIVX 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 VTIVX?
That depends on your goals — we state facts, not advice. At 17.4% overlap, each fund still contributes meaningfully distinct exposure.
What does VGT own that VTIVX doesn't?
VGT holds 322 positions and VTIVX holds 6; 5 of VGT's positions don't appear in VTIVX at all, and they are 0.5% of VGT by weight.
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Related comparisons
Sources: issuer holdings files, VGT as of 2026-06-30, VTIVX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.