VIG vs VXF: 5% overlap
Vanguard Dividend Appreciation ETF and Vanguard Extended Market ETF share 4.9% 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
VIG and VXF hold 162 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VIG | in VXF | Δ |
|---|---|---|---|
| CASH | 0.6% | 3.8% | 3.2% |
| SUNB | 0.1% | 0.3% | 0.2% |
| RBA | 0.1% | 0.2% | 0.2% |
| HEI-A | 0.1% | 0.2% | 0.1% |
| RS | 0.1% | 0.2% | 0.1% |
| BWXT | 0.1% | 0.2% | 0.1% |
| ITT | 0.1% | 0.2% | 0.1% |
| RGLD | 0.1% | 0.2% | 0.1% |
| DTM | 0.1% | 0.2% | 0.1% |
| DKS | 0.1% | 0.2% | 0.1% |
Where VIG and VXF 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 | VXF | Δ |
|---|---|---|---|
| Information Technology | 26.3% | 17.6% | +8.7pp |
| Industrials | 12.2% | 19.8% | −7.7pp |
| Consumer Staples | 9.3% | 2.7% | +6.6pp |
| Financials | 20.2% | 13.9% | +6.3pp |
| Real Estate | 0.0% | 4.8% | −4.8pp |
| Health Care | 17.7% | 13.2% | +4.5pp |
| Consumer Discretionary | 4.3% | 8.8% | −4.5pp |
| Communication Services | 0.0% | 4.5% | −4.4pp |
Δ is VIG minus VXF, 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
95.1% of VIG by weight, held in no part of VXF.
85.2% of VXF 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 | VXF | |
|---|---|---|
| Top 10 holdings | 31.9% | 10.6% |
| Positions held | 333 | 3,327 |
| Cost per $10,000 held, per year | $4 | $5 |
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 VXF overlap?
VIG and VXF overlap 4.9% by portfolio weight — largely distinct portfolios. They share 162 holdings. The figure comes from current issuer holdings files (VIG as of 2026-06-30, VXF as of 2026-06-30).
How is the overlap between VIG and VXF 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 VXF 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 VXF?
That depends on your goals — we state facts, not advice. At 4.9% overlap, each fund still contributes meaningfully distinct exposure.
What does VIG own that VXF doesn't?
VIG holds 333 positions and VXF holds 3,327; 171 of VIG's positions don't appear in VXF at all, and they are 95.1% of VIG by weight.
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Related comparisons
Sources: issuer holdings files, VIG as of 2026-06-30, VXF as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.