VGT vs VIG: how much do they really overlap?
VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) and VIG (Vanguard Dividend Appreciation ETF, tracking the S&P US Dividend Growers) overlap by roughly 33% by weight. 6 of VGT's top 10 holdings also appear in VIG. A 50/50 blend of the two behaves like about 34 equally-weighted bets (diversification grade B). In short, the two funds share a meaningful core of the same megacaps, but each also brings real exposure the other lacks.
The same companies, in both funds
These 13 holdings appear in both VGT and VIG. The weight columns show how much of each fund each name represents.
| Holding | in VGT | in VIG |
|---|---|---|
| AAPL Apple Inc. | 15.26% | 4.57% |
| AVGO Broadcom Inc. | 4.49% | 5.41% |
| MSFT Microsoft Corp. | 9.87% | 4.27% |
| CSCO Cisco Systems Inc. | 1.85% | 2.09% |
| LRCX Lam Research Corp. | 1.55% | 1.75% |
| ORCL Oracle Corp. | 1.45% | 1.68% |
| TXN Texas Instruments Inc. | 1.10% | 1.22% |
| IBM International Business Machines Corp. | 1.08% | 1.22% |
| QCOM QUALCOMM Inc. | 1.07% | 1.18% |
| KLAC KLA Corp. | 1.00% | 1.11% |
| ADI Analog Devices Inc. | 0.81% | 0.89% |
| APH Amphenol Corp. Class A | 0.73% | 0.80% |
| ACN Accenture plc Class A | 0.47% | 0.51% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VIG doesn’t have:
| NVDA NVIDIA Corp. | 16.78% |
| MU Micron Technology Inc. | 4.19% |
| AMD Advanced Micro Devices Inc. | 3.20% |
| INTC Intel Corp. | 1.95% |
| AMAT Applied Materials Inc. | 1.39% |
| PLTR Palantir Technologies Inc. Class A | 1.34% |
| SNDK Sandisk Corp./DE | 0.98% |
| PANW Palo Alto Networks Inc. | 0.92% |
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VGT doesn’t have:
| LLY Eli Lilly & Co. | 3.85% |
| JPM JPMorgan Chase & Co. | 3.32% |
| XOM Exxon Mobil Corp. | 2.67% |
| JNJ Johnson & Johnson | 2.39% |
| V Visa Inc. Class A | 2.25% |
| WMT Walmart Inc. | 2.23% |
| COST Costco Wholesale Corp. | 1.87% |
| CAT Caterpillar Inc. | 1.79% |
So — partly overlapping. Should you hold both?
VGT and VIG share a meaningful core of the same megacaps, but each also brings real exposure the other lacks. Held together they keep a shared megacap core but each still pulls in exposure the other lacks, so a 50/50 blend spreads to ~34 effective positions (grade B).
Holdings as of — VGT: May 31, 2026 (Vanguard); VIG: 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 →VGT vs VIG — FAQ
- How much do VGT and VIG overlap?
- VGT and VIG overlap by approximately 33% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 6 of VGT's 10 largest holdings are also held by VIG. They share 13 of their listed top holdings in total.
- Is it redundant to hold both VGT and VIG?
- Because they share a meaningful core of the same megacaps, but each also brings real exposure the other lacks, holding both is partly redundant: you double up on a shared core (AAPL) while each fund still adds distinct exposure. A 50/50 blend has an effective 34 positions and a B diversification grade.
- What does VIG hold that VGT doesn't?
- VIG's largest holdings that VGT doesn't hold include LLY, JPM, XOM, JNJ, V. Its category is US dividend-growth, versus VGT's US tech sector.
- Which is more concentrated, VGT or VIG?
- VGT's top 10 holdings are 72% of its listed weight; VIG's are 45%. The more concentrated fund leans harder on its largest names.