VV vs VXUS: 1% overlap

Vanguard Large-Cap ETF and Vanguard Total International Stock ETF share 1.3% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
2.0Effective Funds

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

Overlap
1.3%
VV expense ratio
0.03%
VXUS expense ratio
0.05%

Top shared holdings

VV and VXUS hold 49 of the same securities. The ten contributing most to the overlap figure:

Holdingin VVin VXUSΔ
CASH0.4%2.4%2.0%
WCN0.1%0.1%0.0%
PRU0.1%0.1%0.0%
ROP0.1%0.6%0.6%
ALL0.1%0.1%0.0%
SUNB0.0%0.1%0.0%
MRK0.5%0.0%0.5%
HBAN0.1%0.0%0.0%
DTE0.0%0.2%0.2%
PPL0.0%0.1%0.0%

Where VV and VXUS 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.

SectorVVVXUSΔ
Information Technology38.1%20.9%+17.2pp
Unclassified0.1%9.1%9.0pp
Financials11.6%19.7%8.1pp
Communication Services10.0%3.3%+6.7pp
Industrials9.0%13.8%4.8pp
Health Care8.9%5.3%+3.7pp
Materials1.6%5.2%3.6pp
Cash and/or Derivatives0.4%2.5%2.0pp

Δ is VV minus VXUS, 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 VV
385 positions

94.9% of VV by weight, held in no part of VXUS.

Only in VXUS
8,404 positions

95.4% of VXUS by weight, held in no part of VV.

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

Concentration and cost

VVVXUS
Top 10 holdings36.6%16.3%
Positions held4348,453
Cost per $10,000 held, per year$3$5

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 VV and VXUS overlap?

VV and VXUS overlap 1.3% by portfolio weight — largely distinct portfolios. They share 49 holdings. The figure comes from current issuer holdings files (VV as of 2026-06-30, VXUS as of 2026-06-30).

How is the overlap between VV and VXUS calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VV holds a stock at 6% and VXUS 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 VV and VXUS?

That depends on your goals — we state facts, not advice. At 1.3% overlap, each fund still contributes meaningfully distinct exposure.

What does VV own that VXUS doesn't?

VV holds 434 positions and VXUS holds 8,453; 385 of VV's positions don't appear in VXUS at all, and they are 94.9% of VV by weight.

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