VB vs VTV: how much do they really overlap?
VB (Vanguard Small-Cap ETF, tracking the CRSP US Small Cap) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 0% by weight. 0 of VB's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 429 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 VB and VTV. The weight columns show how much of each fund each name represents.
| Holding | in VB | in VTV |
|---|
Only in VB
Vanguard Small-Cap ETF — US small-cap. Its biggest holdings that VTV doesn’t have:
| CRDO Credo Technology Group Holding Ltd. | 0.54% |
| JBL Jabil Inc. | 0.49% |
| RVMD Revolution Medicines Inc. | 0.45% |
| ALAB Astera Labs Inc. | 0.45% |
| NTRA Natera Inc. | 0.44% |
| EME EMCOR Group Inc. | 0.44% |
| TWLO Twilio Inc. Class A | 0.37% |
| NRG NRG Energy Inc. | 0.37% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that VB doesn’t have:
| MU Micron Technology Inc. | 4.87% |
| JPM JPMorgan Chase & Co. | 3.06% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.95% |
| JNJ Johnson & Johnson | 2.29% |
| WMT Walmart Inc. | 1.86% |
| CAT Caterpillar Inc. | 1.84% |
| ABBV AbbVie Inc. | 1.66% |
| CSCO Cisco Systems Inc. | 1.56% |
So — essentially different. Should you hold both?
VB and VTV hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~429 effective positions (grade A), because they hold largely different securities.
Holdings as of — VB: Jun 30, 2026 (Vanguard); VTV: 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 →VB vs VTV — FAQ
- How much do VB and VTV overlap?
- VB and VTV 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 VB's 10 largest holdings are also held by VTV. They share 0 of their listed top holdings in total.
- Is it redundant to hold both VB and VTV?
- 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 429 positions and a A diversification grade.
- What does VTV hold that VB doesn't?
- VTV's largest holdings that VB doesn't hold include MU, JPM, BRK.B, JNJ, WMT. Its category is US large-cap value, versus VB's US small-cap.
- Which is more concentrated, VB or VTV?
- VB's top 10 holdings are 27% of its listed weight; VTV's are 43%. The more concentrated fund leans harder on its largest names.