VT vs VUG: 33% overlap

Vanguard Total World Stock ETF and Vanguard Growth ETF share 32.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
1.7Effective Funds

You would hold two tickers and get the diversification of 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
32.8%
VT expense ratio
0.06%
VUG expense ratio
0.03%

Top shared holdings

VT and VUG hold 144 of the same securities. The ten contributing most to the overlap figure:

Holdingin VTin VUGΔ
NVDA4.0%12.6%8.6%
AAPL3.6%11.6%8.1%
MSFT2.4%7.6%5.2%
AMZN2.0%4.5%2.5%
GOOGL1.8%5.7%3.9%
AVGO1.5%4.3%2.8%
GOOG1.4%4.5%3.1%
META1.1%3.4%2.3%
TSLA1.1%3.3%2.2%
LLY0.8%2.8%2.0%

Where VT and VUG 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.

SectorVTVUGΔ
Information Technology30.1%56.0%25.9pp
Financials14.9%3.9%+10.9pp
Communication Services7.0%15.3%8.3pp
Industrials11.5%5.0%+6.5pp
Unclassified3.8%0.1%+3.6pp
Consumer Staples4.6%1.4%+3.2pp
Health Care7.7%4.7%+3.0pp
Consumer Discretionary8.6%11.4%2.8pp

Δ is VT minus VUG, 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 VT
9,456 positions

66.6% of VT by weight, held in no part of VUG.

Only in VUG
3 positions

0.1% of VUG 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

VTVUG
Top 10 holdings20.5%60.3%
Positions held9,600147
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 VT and VUG overlap?

VT and VUG overlap 32.8% by portfolio weight — moderate overlap. They share 144 holdings. The figure comes from current issuer holdings files (VT as of 2026-06-30, VUG as of 2026-06-30).

How is the overlap between VT and VUG 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 VUG 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 VUG?

That depends on your goals — we state facts, not advice. At 32.8% overlap, each fund still contributes meaningfully distinct exposure.

What does VT own that VUG doesn't?

VT holds 9,600 positions and VUG holds 147; 9,456 of VT's positions don't appear in VUG at all, and they are 66.6% of VT by weight.

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