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 32% by weight. 5 of VGT's top 10 holdings also appear in VIG. A 50/50 blend of the two behaves like about 39 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 12 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. | 14.33% | 4.20% |
| AVGO Broadcom Inc. | 3.84% | 4.53% |
| MSFT Microsoft Corp. | 8.28% | 3.51% |
| LRCX Lam Research Corp. | 2.14% | 2.36% |
| CSCO Cisco Systems Inc. | 1.82% | 2.02% |
| KLAC KLA Corp. | 1.59% | 1.72% |
| TXN Texas Instruments Inc. | 1.09% | 1.18% |
| IBM International Business Machines Corp. | 1.03% | 1.15% |
| ORCL Oracle Corp. | 0.95% | 1.08% |
| APH Amphenol Corp. Class A | 0.87% | 0.95% |
| QCOM QUALCOMM Inc. | 0.80% | 0.85% |
| ADI Analog Devices Inc. | 0.79% | 0.85% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VIG doesn’t have:
| NVDA NVIDIA Corp. | 16.10% |
| MU Micron Technology Inc. | 5.04% |
| AMD Advanced Micro Devices Inc. | 3.65% |
| INTC Intel Corp. | 2.41% |
| AMAT Applied Materials Inc. | 2.26% |
| SNDK Sandisk Corp. | 1.33% |
| PANW Palo Alto Networks Inc. | 1.12% |
| MRVL Marvell Technology Inc. | 1.05% |
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VGT doesn’t have:
| LLY Eli Lilly & Co. | 4.14% |
| JPM JPMorgan Chase & Co. | 3.56% |
| JNJ Johnson & Johnson | 2.66% |
| V Visa Inc. Class A | 2.31% |
| WMT Walmart Inc. | 2.16% |
| CAT Caterpillar Inc. | 2.14% |
| ABBV AbbVie Inc. | 1.94% |
| COST Costco Wholesale Corp. | 1.81% |
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 ~39 effective positions (grade B).
Holdings as of — VGT: Jun 30, 2026 (Vanguard); VIG: 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 →VGT vs VIG — FAQ
- How much do VGT and VIG overlap?
- VGT and VIG overlap by approximately 32% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 5 of VGT's 10 largest holdings are also held by VIG. They share 12 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 39 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, JNJ, V, WMT. 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 71% of its listed weight; VIG's are 44%. The more concentrated fund leans harder on its largest names.