VIG vs VOOV: 49% overlap
Vanguard Dividend Appreciation ETF and Vanguard S&P 500 Value ETF share 48.7% 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 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VIG and VOOV hold 161 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VIG | in VOOV | Δ |
|---|---|---|---|
| AAPL | 4.2% | 7.3% | 3.1% |
| XOM | 2.5% | 2.0% | 0.5% |
| WMT | 2.2% | 1.7% | 0.5% |
| COST | 1.8% | 1.4% | 0.4% |
| UNH | 1.6% | 1.3% | 0.3% |
| BAC | 1.6% | 1.3% | 0.3% |
| HD | 1.5% | 1.2% | 0.3% |
| PG | 1.5% | 1.2% | 0.3% |
| MRK | 1.4% | 1.1% | 0.3% |
| TXN | 1.2% | 0.9% | 0.2% |
Where VIG and VOOV 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 | VOOV | Δ |
|---|---|---|---|
| Consumer Discretionary | 4.3% | 10.3% | −6.0pp |
| Information Technology | 26.3% | 20.5% | +5.8pp |
| Health Care | 17.7% | 12.2% | +5.5pp |
| Financials | 20.2% | 15.3% | +4.9pp |
| Energy | 3.0% | 6.6% | −3.7pp |
| Real Estate | 0.0% | 3.3% | −3.3pp |
| Communication Services | 0.0% | 2.9% | −2.9pp |
| Utilities | 3.0% | 4.4% | −1.4pp |
Δ is VIG minus VOOV, 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
24.1% of VIG by weight, held in no part of VOOV.
48.2% of VOOV 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 | VOOV | |
|---|---|---|
| Top 10 holdings | 31.9% | 23.8% |
| Positions held | 333 | 438 |
| Cost per $10,000 held, per year | $4 | $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 VIG and VOOV overlap?
VIG and VOOV overlap 48.7% by portfolio weight — moderate overlap. They share 161 holdings. The figure comes from current issuer holdings files (VIG as of 2026-06-30, VOOV as of 2026-06-30).
How is the overlap between VIG and VOOV 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 VOOV 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 VOOV?
That depends on your goals — we state facts, not advice. At 48.7% overlap, each fund still contributes meaningfully distinct exposure.
What does VIG own that VOOV doesn't?
VIG holds 333 positions and VOOV holds 438; 172 of VIG's positions don't appear in VOOV at all, and they are 24.1% of VIG by weight.
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Related comparisons
Sources: issuer holdings files, VIG as of 2026-06-30, VOOV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.