VTV vs VV: 44% overlap

Vanguard Value ETF and Vanguard Large-Cap ETF share 44.4% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
1.6Effective Funds

You would hold two tickers and get the diversification of 1.6. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
44.4%
VTV expense ratio
0.03%
VV expense ratio
0.03%

Top shared holdings

VTV and VV hold 309 of the same securities. The ten contributing most to the overlap figure:

Holdingin VTVin VVΔ
MU4.9%2.1%2.8%
BRK-B2.9%1.4%1.6%
JPM3.1%1.3%1.8%
JNJ2.3%1.0%1.3%
XOM2.1%0.9%1.2%
INTC1.1%0.9%0.2%
WMT1.9%0.8%1.1%
CAT1.8%0.8%1.1%
ABBV1.7%0.7%1.0%
CSCO1.6%0.7%0.9%

Where VTV 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.

SectorVTVVVΔ
Information Technology14.1%38.1%24.1pp
Financials22.1%11.6%+10.5pp
Communication Services2.9%10.0%7.1pp
Health Care15.1%8.9%+6.2pp
Industrials15.0%9.0%+6.0pp
Consumer Discretionary3.9%9.1%5.2pp
Consumer Staples8.7%4.5%+4.2pp
Energy6.8%3.0%+3.8pp

Δ is VTV 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 VTV
0 positions

0.0% of VTV by weight, held in no part of VV.

Only in VV
125 positions

55.6% of VV by weight, held in no part of VTV.

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

Concentration and cost

VTVVV
Top 10 holdings23.6%36.6%
Positions held309434
Cost per $10,000 held, per year$3$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 VTV and VV overlap?

VTV and VV overlap 44.4% by portfolio weight — moderate overlap. They share 309 holdings. The figure comes from current issuer holdings files (VTV as of 2026-06-30, VV as of 2026-06-30).

How is the overlap between VTV and VV calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VTV 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 VTV and VV?

That depends on your goals — we state facts, not advice. At 44.4% overlap, each fund still contributes meaningfully distinct exposure.

What does VTV own that VV doesn't?

VTV holds 309 positions and VV holds 434; 0 of VTV's positions don't appear in VV at all, and they are 0.0% of VTV by weight.

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Related comparisons

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