VEA vs VOOG: how much do they really overlap?
VEA (Vanguard FTSE Developed Markets ETF, tracking the FTSE Developed All Cap ex US) and VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) overlap by roughly 0% by weight. 0 of VEA's top 10 holdings also appear in VOOG. A 50/50 blend of the two behaves like about 75 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 VOOG. The weight columns show how much of each fund each name represents.
| Holding | in VEA | in VOOG |
|---|
Only in VEA
Vanguard FTSE Developed Markets ETF — developed ex-US. Its biggest holdings that VOOG doesn’t have:
| 005930 Samsung Electronics Co. Ltd. | 2.99% |
| 000660 SK hynix Inc | 2.55% |
| ASML ASML Holding NV | 1.90% |
| HSBA HSBC Holdings plc | 0.98% |
| ROP Roche Holding AG | 0.89% |
| NOVN Novartis AG | 0.87% |
| AZN AstraZeneca plc | 0.84% |
| RY Royal Bank of Canada | 0.81% |
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that VEA doesn’t have:
| NVDA NVIDIA Corp. | 14.26% |
| MSFT Microsoft Corp. | 9.29% |
| AAPL Apple Inc. | 6.37% |
| GOOGL Alphabet Inc. Class A | 6.15% |
| AVGO Broadcom Inc. | 5.89% |
| GOOG Alphabet Inc. Class C | 4.89% |
| AMZN Amazon.com Inc. | 3.89% |
| META Facebook Inc. Class A | 3.84% |
So — essentially different. Should you hold both?
VEA and VOOG hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~75 effective positions (grade A), because they hold largely different securities.
Holdings as of — VEA: May 31, 2026 (Vanguard); VOOG: May 31, 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 VOOG — FAQ
- How much do VEA and VOOG overlap?
- VEA and VOOG 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 VOOG. They share 0 of their listed top holdings in total.
- Is it redundant to hold both VEA and VOOG?
- 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 75 positions and a A diversification grade.
- What does VOOG hold that VEA doesn't?
- VOOG's largest holdings that VEA doesn't hold include NVDA, MSFT, AAPL, GOOGL, AVGO. Its category is US large-cap growth, versus VEA's developed ex-US.
- Which is more concentrated, VEA or VOOG?
- VEA's top 10 holdings are 43% of its listed weight; VOOG's are 67%. The more concentrated fund leans harder on its largest names.