VONG vs VTV: 13% overlap
Vanguard Russell 1000 Growth ETF and Vanguard Value ETF share 13.5% 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VONG and VTV hold 78 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VONG | in VTV | Δ |
|---|---|---|---|
| MU | 3.9% | 4.9% | 1.0% |
| CAT | 1.4% | 1.8% | 0.4% |
| HD | 0.8% | 1.3% | 0.5% |
| GE | 1.1% | 0.7% | 0.4% |
| TXN | 0.8% | 0.5% | 0.3% |
| AMGN | 0.4% | 0.7% | 0.3% |
| GLW | 0.6% | 0.4% | 0.2% |
| TT | 0.3% | 0.4% | 0.1% |
| LMT | 0.3% | 0.4% | 0.1% |
| CASH | 0.3% | 0.4% | 0.2% |
Where VONG and VTV 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 | VONG | VTV | Δ |
|---|---|---|---|
| Information Technology | 54.3% | 14.1% | +40.2pp |
| Financials | 4.3% | 22.1% | −17.8pp |
| Communication Services | 16.1% | 2.9% | +13.2pp |
| Health Care | 5.4% | 15.1% | −9.7pp |
| Consumer Staples | 1.3% | 8.7% | −7.4pp |
| Energy | 0.4% | 6.8% | −6.4pp |
| Industrials | 8.8% | 15.0% | −6.1pp |
| Utilities | 0.3% | 4.8% | −4.5pp |
Δ is VONG minus VTV, 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
85.5% of VONG by weight, held in no part of VTV.
66.4% of VTV by weight, held in no part of VONG.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VONG | VTV | |
|---|---|---|
| Top 10 holdings | 54.3% | 23.6% |
| Positions held | 370 | 309 |
| Cost per $10,000 held, per year | $6 | $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 VONG and VTV overlap?
VONG and VTV overlap 13.5% by portfolio weight — largely distinct portfolios. They share 78 holdings. The figure comes from current issuer holdings files (VONG as of 2026-06-30, VTV as of 2026-06-30).
How is the overlap between VONG and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VONG holds a stock at 6% and VTV 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 VONG and VTV?
That depends on your goals — we state facts, not advice. At 13.5% overlap, each fund still contributes meaningfully distinct exposure.
What does VONG own that VTV doesn't?
VONG holds 370 positions and VTV holds 309; 292 of VONG's positions don't appear in VTV at all, and they are 85.5% of VONG by weight.
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Related comparisons
Sources: issuer holdings files, VONG as of 2026-06-30, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.