VEA vs VOO: how much do they really overlap?
VEA (Vanguard FTSE Developed Markets ETF, tracking the FTSE Developed All Cap ex US) and VOO (Vanguard S&P 500 ETF, tracking the S&P 500) overlap by roughly 0% by weight. 0 of VEA's top 10 holdings also appear in VOO. A 50/50 blend of the two behaves like about 177 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 VEA and VOO. The weight columns show how much of each fund each name represents.
| Holding | in VEA | in VOO |
|---|
Only in VEA
Vanguard FTSE Developed Markets ETF — developed ex-US. Its biggest holdings that VOO 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% |
Only in VOO
Vanguard S&P 500 ETF — US large-cap. Its biggest holdings that VEA doesn’t have:
| NVDA NVIDIA Corp. | 7.51% |
| AAPL Apple Inc. | 6.59% |
| MSFT Microsoft Corp. | 4.30% |
| AMZN Amazon.com Inc. | 3.62% |
| GOOGL Alphabet Inc. Class A | 3.25% |
| AVGO Broadcom Inc. | 2.77% |
| GOOG Alphabet Inc. Class C | 2.59% |
| MU Micron Technology Inc. | 2.02% |
So — essentially different. Should you hold both?
VEA and VOO hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~177 effective positions (grade A), because they hold largely different securities.
Holdings as of — VEA: Jun 30, 2026 (Vanguard); VOO: 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 →VEA vs VOO — FAQ
- How much do VEA and VOO overlap?
- VEA and VOO 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 VEA's 10 largest holdings are also held by VOO. They share 0 of their listed top holdings in total.
- Is it redundant to hold both VEA and VOO?
- 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 177 positions and a A diversification grade.
- What does VOO hold that VEA doesn't?
- VOO's largest holdings that VEA doesn't hold include NVDA, AAPL, MSFT, AMZN, GOOGL. Its category is US large-cap, versus VEA's developed ex-US.
- Which is more concentrated, VEA or VOO?
- VEA's top 10 holdings are 44% of its listed weight; VOO's are 58%. The more concentrated fund leans harder on its largest names.