VT vs VTIVX: 80% overlap
Vanguard Total World Stock ETF and Vanguard Target Retirement 2045 share 79.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — VTIVX as of 2026-03-31, the rest through 2026-06-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.2. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VT and VTIVX hold 9,494 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VT | in VTIVX | Δ |
|---|---|---|---|
| NVDA | 4.0% | 3.0% | 1.0% |
| AAPL | 3.6% | 2.8% | 0.8% |
| MSFT | 2.4% | 1.8% | 0.6% |
| AMZN | 2.0% | 1.5% | 0.5% |
| 2330 | 1.6% | 1.4% | 0.2% |
| GOOGL | 1.8% | 1.4% | 0.4% |
| AVGO | 1.5% | 1.2% | 0.3% |
| GOOG | 1.4% | 1.1% | 0.3% |
| CASH | 1.0% | 1.9% | 1.0% |
| MU | 1.1% | 0.9% | 0.3% |
Where VT and VTIVX 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 | VT | VTIVX | Δ |
|---|---|---|---|
| Information Technology | 30.1% | 23.8% | +6.3pp |
| Treasuries | 0.0% | 6.2% | −6.2pp |
| Unclassified | 3.8% | 8.0% | −4.3pp |
| MBS Pass-Through | 0.0% | 2.6% | −2.6pp |
| Corporate — industrial & other | 0.0% | 2.0% | −2.0pp |
| Industrials | 11.5% | 9.6% | +1.9pp |
| Consumer Discretionary | 8.6% | 6.9% | +1.8pp |
| Communication Services | 7.0% | 5.4% | +1.6pp |
Δ is VT minus VTIVX, 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
0.6% of VT by weight, held in no part of VTIVX.
18.7% of VTIVX by weight, held in no part of VT.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VT | VTIVX | |
|---|---|---|
| Top 10 holdings | 20.5% | 21.4% |
| Positions held | 9,600 | 6 |
| Cost per $10,000 held, per year | $6 | $8 |
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 VT and VTIVX overlap?
VT and VTIVX overlap 79.8% by portfolio weight — substantial duplication if you hold both. They share 9,494 holdings. The figure comes from current issuer holdings files (VT as of 2026-06-30, VTIVX as of 2026-03-31).
How is the overlap between VT and VTIVX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VT holds a stock at 6% and VTIVX 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 VT and VTIVX?
That depends on your goals — we state facts, not advice. At 79.8% overlap, most of what one fund holds, the other holds too. Expense ratios: VT 0.06% versus VTIVX 0.08%.
What does VT own that VTIVX doesn't?
VT holds 9,600 positions and VTIVX holds 6; 106 of VT's positions don't appear in VTIVX at all, and they are 0.6% of VT by weight.
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Related comparisons
Sources: issuer holdings files, VT as of 2026-06-30, VTIVX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.