VUG vs VV: 59% overlap

Vanguard Growth ETF and Vanguard Large-Cap ETF share 59.5% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
1.4Effective Funds

You would hold two tickers and get the diversification of 1.4. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
59.5%
VUG expense ratio
0.03%
VV expense ratio
0.03%

Top shared holdings

VUG and VV hold 147 of the same securities. The ten contributing most to the overlap figure:

Holdingin VUGin VVΔ
NVDA12.6%7.3%5.3%
AAPL11.6%6.7%4.9%
MSFT7.6%4.4%3.2%
AMZN4.5%3.6%0.8%
GOOGL5.7%3.3%2.4%
AVGO4.3%2.8%1.4%
GOOG4.5%2.6%1.9%
META3.4%2.0%1.4%
TSLA3.3%1.9%1.4%
LLY2.8%1.6%1.2%

Where VUG 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.

SectorVUGVVΔ
Information Technology56.0%38.1%+17.9pp
Financials3.9%11.6%7.6pp
Communication Services15.3%10.0%+5.4pp
Health Care4.7%8.9%4.3pp
Industrials5.0%9.0%4.0pp
Consumer Staples1.4%4.5%3.1pp
Energy0.3%3.0%2.7pp
Consumer Discretionary11.4%9.1%+2.3pp

Δ is VUG 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 VUG
0 positions

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

Only in VV
287 positions

40.1% of VV by weight, held in no part of VUG.

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

Concentration and cost

VUGVV
Top 10 holdings60.3%36.6%
Positions held147434
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 VUG and VV overlap?

VUG and VV overlap 59.5% by portfolio weight — substantial duplication if you hold both. They share 147 holdings. The figure comes from current issuer holdings files (VUG as of 2026-06-30, VV as of 2026-06-30).

How is the overlap between VUG and VV calculated?

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

That depends on your goals — we state facts, not advice. At 59.5% overlap, each fund still contributes meaningfully distinct exposure.

What does VUG own that VV doesn't?

VUG holds 147 positions and VV holds 434; 0 of VUG's positions don't appear in VV at all, and they are 0.0% of VUG by weight.

You probably hold more than two funds

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Related comparisons

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