VOOG vs VV: 66% overlap

Vanguard S&P 500 Growth ETF and Vanguard Large-Cap ETF share 66.3% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
1.3Effective Funds

You would hold two tickers and get the diversification of 1.3. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
66.3%
VOOG expense ratio
0.07%
VV expense ratio
0.03%

Top shared holdings

VOOG and VV hold 136 of the same securities. The ten contributing most to the overlap figure:

Holdingin VOOGin VVΔ
NVDA13.7%7.3%6.4%
AAPL6.0%6.7%0.7%
MSFT7.8%4.4%3.4%
AMZN3.5%3.6%0.2%
GOOGL5.9%3.3%2.6%
AVGO5.0%2.8%2.2%
GOOG4.7%2.6%2.1%
MU3.7%2.1%1.6%
META3.5%2.0%1.5%
TSLA2.1%1.9%0.2%

Where VOOG and VV 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.

SectorVOOGVVΔ
Information Technology52.2%38.1%+14.1pp
Communication Services15.2%10.0%+5.3pp
Consumer Staples1.1%4.5%3.4pp
Financials8.5%11.6%3.0pp
Energy0.0%3.0%3.0pp
Health Care6.2%8.9%2.8pp
Industrials6.9%9.0%2.1pp
Utilities0.4%2.0%1.7pp

Δ is VOOG minus VV, 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

Only in VOOG
12 positions

0.6% of VOOG by weight, held in no part of VV.

Only in VV
298 positions

31.7% of VV by weight, held in no part of VOOG.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

VOOGVV
Top 10 holdings56.4%36.6%
Positions held148434
Cost per $10,000 held, per year$7$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 VOOG and VV overlap?

VOOG and VV overlap 66.3% by portfolio weight — substantial duplication if you hold both. They share 136 holdings. The figure comes from current issuer holdings files (VOOG as of 2026-06-30, VV as of 2026-06-30).

How is the overlap between VOOG and VV calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VOOG holds a stock at 6% and VV 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 VOOG and VV?

That depends on your goals — we state facts, not advice. At 66.3% overlap, each fund still contributes meaningfully distinct exposure.

What does VOOG own that VV doesn't?

VOOG holds 148 positions and VV holds 434; 12 of VOOG's positions don't appear in VV at all, and they are 0.6% of VOOG by weight.

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Related comparisons

Sources: issuer holdings files, VOOG as of 2026-06-30, VV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.