VGT vs VTV: how much do they really overlap?
VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 22% by weight. 3 of VGT's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 48 equally-weighted bets (diversification grade B). In short, the two funds have only a small shared core — they mostly hold different things and are largely complementary.
The same companies, in both funds
These 9 holdings appear in both VGT and VTV. The weight columns show how much of each fund each name represents.
| Holding | in VGT | in VTV |
|---|---|---|
| MU Micron Technology Inc. | 4.19% | 4.17% |
| INTC Intel Corp. | 1.95% | 1.75% |
| CSCO Cisco Systems Inc. | 1.85% | 1.63% |
| IBM International Business Machines Corp. | 1.08% | 1.06% |
| QCOM QUALCOMM Inc. | 1.07% | 1.02% |
| ADI Analog Devices Inc. | 0.81% | 0.77% |
| AMAT Applied Materials Inc. | 1.39% | 0.68% |
| TXN Texas Instruments Inc. | 1.10% | 0.53% |
| GLW Corning Inc. | 0.59% | 0.53% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VTV doesn’t have:
| NVDA NVIDIA Corp. | 16.78% |
| AAPL Apple Inc. | 15.26% |
| MSFT Microsoft Corp. | 9.87% |
| AVGO Broadcom Inc. | 4.49% |
| AMD Advanced Micro Devices Inc. | 3.20% |
| LRCX Lam Research Corp. | 1.55% |
| ORCL Oracle Corp. | 1.45% |
| PLTR Palantir Technologies Inc. Class A | 1.34% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that VGT doesn’t have:
| JPM JPMorgan Chase & Co. | 2.88% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.82% |
| XOM Exxon Mobil Corp. | 2.31% |
| JNJ Johnson & Johnson | 2.07% |
| WMT Walmart Inc. | 1.93% |
| CAT Caterpillar Inc. | 1.55% |
| ABBV AbbVie Inc. | 1.47% |
| CVX Chevron Corp. | 1.32% |
So — mostly different. Should you hold both?
VGT and VTV have only a small shared core — they mostly hold different things and are largely complementary. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~48 effective positions (grade B), because they hold largely different securities.
Holdings as of — VGT: May 31, 2026 (Vanguard); VTV: 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 VTV — FAQ
- How much do VGT and VTV overlap?
- VGT and VTV overlap by approximately 22% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 3 of VGT's 10 largest holdings are also held by VTV. They share 9 of their listed top holdings in total.
- Is it redundant to hold both VGT and VTV?
- Because they have only a small shared core — they mostly hold different things and are largely complementary, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 48 positions and a B diversification grade.
- What does VTV hold that VGT doesn't?
- VTV's largest holdings that VGT doesn't hold include JPM, BRK.B, XOM, JNJ, WMT. Its category is US large-cap value, versus VGT's US tech sector.
- Which is more concentrated, VGT or VTV?
- VGT's top 10 holdings are 72% of its listed weight; VTV's are 41%. The more concentrated fund leans harder on its largest names.