VIG vs VOO: 40% overlap
Vanguard Dividend Appreciation ETF and Vanguard S&P 500 ETF share 40.2% 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 1.6. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VIG and VOO hold 170 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VIG | in VOO | Δ |
|---|---|---|---|
| AAPL | 4.2% | 6.6% | 2.4% |
| MSFT | 3.5% | 4.3% | 0.8% |
| AVGO | 4.5% | 2.8% | 1.8% |
| LLY | 4.1% | 1.5% | 2.7% |
| JPM | 3.6% | 1.3% | 2.3% |
| JNJ | 2.7% | 0.9% | 1.7% |
| XOM | 2.5% | 0.9% | 1.6% |
| V | 2.3% | 0.9% | 1.4% |
| LRCX | 2.4% | 0.8% | 1.5% |
| WMT | 2.2% | 0.8% | 1.4% |
Where VIG 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.
| Sector | VIG | VOO | Δ |
|---|---|---|---|
| Information Technology | 26.3% | 38.0% | −11.7pp |
| Communication Services | 0.0% | 9.7% | −9.7pp |
| Health Care | 17.7% | 8.9% | +8.8pp |
| Financials | 20.2% | 11.6% | +8.6pp |
| Consumer Discretionary | 4.3% | 9.3% | −5.0pp |
| Consumer Staples | 9.3% | 4.6% | +4.8pp |
| Industrials | 12.2% | 8.9% | +3.2pp |
| Real Estate | 0.0% | 1.8% | −1.8pp |
Δ is VIG 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
4.3% of VIG by weight, held in no part of VOO.
56.6% of VOO by weight, held in no part of VIG.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VIG | VOO | |
|---|---|---|
| Top 10 holdings | 31.9% | 36.4% |
| Positions held | 333 | 505 |
| Cost per $10,000 held, per year | $4 | $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 VIG and VOO overlap?
VIG and VOO overlap 40.2% by portfolio weight — moderate overlap. They share 170 holdings. The figure comes from current issuer holdings files (VIG as of 2026-06-30, VOO as of 2026-06-30).
How is the overlap between VIG and VOO calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VIG 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 VIG and VOO?
That depends on your goals — we state facts, not advice. At 40.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VIG own that VOO doesn't?
VIG holds 333 positions and VOO holds 505; 163 of VIG's positions don't appear in VOO at all, and they are 4.3% of VIG by weight.
You probably hold more than two funds
This page compares VIG and VOO. 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 VIG vs VOO
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, VIG as of 2026-06-30, VOO as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.