IVV vs VEA: how much do they really overlap?
IVV (iShares Core S&P 500 ETF, tracking the S&P 500) and VEA (Vanguard FTSE Developed Markets ETF, tracking the FTSE Developed All Cap ex US) overlap by roughly 0% by weight. 0 of IVV's top 10 holdings also appear in VEA. A 50/50 blend of the two behaves like about 165 equally-weighted bets (diversification grade A). In short, the two funds hold almost none of the same securities — they are complementary, not redundant.
The same companies, in both funds
These 0 holdings appear in both IVV and VEA. The weight columns show how much of each fund each name represents.
| Holding | in IVV | in VEA |
|---|
Only in IVV
iShares Core S&P 500 ETF — US large-cap. Its biggest holdings that VEA doesn’t have:
| AAPL APPLE INC | 7.64% |
| NVDA NVIDIA CORP | 7.37% |
| MSFT MICROSOFT CORP | 5.23% |
| AMZN AMAZON.COM INC | 3.60% |
| GOOGL ALPHABET INC CLASS A | 3.05% |
| AVGO BROADCOM INC | 2.87% |
| GOOG ALPHABET INC CLASS C | 2.46% |
| META META PLATFORMS INC CLASS A | 1.85% |
Only in VEA
Vanguard FTSE Developed Markets ETF — developed ex-US. Its biggest holdings that IVV doesn’t have:
| 005930 Samsung Electronics Co. Ltd. | 3.12% |
| 000660 SK hynix Inc. | 2.98% |
| ASML ASML Holding NV | 2.33% |
| HSBA HSBC Holdings plc | 0.99% |
| NOVN Novartis AG | 0.89% |
| RY Royal Bank of Canada | 0.88% |
| ROP Roche Holding AG | 0.88% |
| AZN AstraZeneca plc | 0.85% |
So — essentially different. Should you hold both?
IVV and VEA hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~165 effective positions (grade A), because they hold largely different securities.
Holdings as of — IVV: Jul 30, 2026 (iShares (BlackRock)); VEA: Jun 30, 2026 (Vanguard). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →IVV vs VEA — FAQ
- How much do IVV and VEA overlap?
- IVV and VEA overlap by approximately 0% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of IVV's 10 largest holdings are also held by VEA. They share 0 of their listed top holdings in total.
- Is it redundant to hold both IVV and VEA?
- Because they hold almost none of the same securities — they are complementary, not redundant, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 165 positions and a A diversification grade.
- What does VEA hold that IVV doesn't?
- VEA's largest holdings that IVV doesn't hold include 005930, 000660, ASML, HSBA, NOVN. Its category is developed ex-US, versus IVV's US large-cap.
- Which is more concentrated, IVV or VEA?
- IVV's top 10 holdings are 59% of its listed weight; VEA's are 44%. The more concentrated fund leans harder on its largest names.