VOOV vs VTV: 68% overlap
Vanguard S&P 500 Value ETF and Vanguard Value ETF share 68.1% 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 1.3. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VOOV and VTV hold 284 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VOOV | in VTV | Δ |
|---|---|---|---|
| XOM | 2.0% | 2.1% | 0.2% |
| WMT | 1.7% | 1.9% | 0.1% |
| UNH | 1.3% | 1.4% | 0.1% |
| BAC | 1.3% | 1.4% | 0.1% |
| HD | 1.2% | 1.3% | 0.1% |
| PG | 1.2% | 1.3% | 0.1% |
| MRK | 1.1% | 1.2% | 0.1% |
| CVX | 1.1% | 1.2% | 0.1% |
| INTC | 2.3% | 1.1% | 1.2% |
| JPM | 0.9% | 3.1% | 2.2% |
Where VOOV 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 | VOOV | VTV | Δ |
|---|---|---|---|
| Financials | 15.3% | 22.1% | −6.8pp |
| Information Technology | 20.5% | 14.1% | +6.4pp |
| Consumer Discretionary | 10.3% | 3.9% | +6.4pp |
| Industrials | 11.4% | 15.0% | −3.6pp |
| Health Care | 12.2% | 15.1% | −2.9pp |
| Real Estate | 3.3% | 2.5% | +0.8pp |
| Materials | 3.7% | 3.1% | +0.6pp |
| Unclassified | 0.0% | 0.5% | −0.5pp |
Δ is VOOV 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
28.9% of VOOV by weight, held in no part of VTV.
13.5% of VTV by weight, held in no part of VOOV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VOOV | VTV | |
|---|---|---|
| Top 10 holdings | 23.8% | 23.6% |
| Positions held | 438 | 309 |
| 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 VOOV and VTV overlap?
VOOV and VTV overlap 68.1% by portfolio weight — substantial duplication if you hold both. They share 284 holdings. The figure comes from current issuer holdings files (VOOV as of 2026-06-30, VTV as of 2026-06-30).
How is the overlap between VOOV and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VOOV 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 VOOV and VTV?
That depends on your goals — we state facts, not advice. At 68.1% overlap, each fund still contributes meaningfully distinct exposure.
What does VOOV own that VTV doesn't?
VOOV holds 438 positions and VTV holds 309; 154 of VOOV's positions don't appear in VTV at all, and they are 28.9% of VOOV by weight.
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Related comparisons
Sources: issuer holdings files, VOOV as of 2026-06-30, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.