VGT vs VUG: how much do they really overlap?
VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) and VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) overlap by roughly 61% by weight. 7 of VGT's top 10 holdings also appear in VUG. A 50/50 blend of the two behaves like about 17 equally-weighted bets (diversification grade C). In short, the two funds share most of their weight in the same names; the second fund adds only modest differentiation.
The same companies, in both funds
These 24 holdings appear in both VGT and VUG. The weight columns show how much of each fund each name represents.
| Holding | in VGT | in VUG |
|---|---|---|
| NVDA NVIDIA Corp. | 16.78% | 13.10% |
| AAPL Apple Inc. | 15.26% | 12.32% |
| MSFT Microsoft Corp. | 9.87% | 8.99% |
| AVGO Broadcom Inc. | 4.49% | 5.17% |
| AMD Advanced Micro Devices Inc. | 3.20% | 2.30% |
| LRCX Lam Research Corp. | 1.55% | 1.09% |
| ORCL Oracle Corp. | 1.45% | 1.07% |
| PLTR Palantir Technologies Inc. Class A | 1.34% | 0.93% |
| SNDK Sandisk Corp./DE | 0.98% | 0.71% |
| KLAC KLA Corp. | 1.00% | 0.70% |
| PANW Palo Alto Networks Inc. | 0.92% | 0.64% |
| STX Seagate Technology Holdings plc | 0.78% | 0.55% |
| APH Amphenol Corp. Class A | 0.73% | 0.51% |
| MRVL Marvell Technology Inc. | 0.71% | 0.51% |
| AMAT Applied Materials Inc. | 1.39% | 0.50% |
+ 9 more shared holdings.
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VUG doesn’t have:
| MU Micron Technology Inc. | 4.19% |
| INTC Intel Corp. | 1.95% |
| CSCO Cisco Systems Inc. | 1.85% |
| IBM International Business Machines Corp. | 1.08% |
| QCOM QUALCOMM Inc. | 1.07% |
| ADI Analog Devices Inc. | 0.81% |
| CRM salesforce.com Inc. | 0.60% |
| GLW Corning Inc. | 0.59% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that VGT doesn’t have:
| GOOGL Alphabet Inc. Class A | 5.95% |
| AMZN Amazon.com Inc. | 4.85% |
| GOOG Alphabet Inc. Class C | 4.68% |
| META Facebook Inc. Class A | 3.73% |
| TSLA Tesla Inc. | 3.31% |
| LLY Eli Lilly & Co. | 2.53% |
| V Visa Inc. Class A | 1.45% |
| COST Costco Wholesale Corp. | 1.15% |
So — heavily overlapping. Should you hold both?
VGT and VUG share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold VGT, adding VUG mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~17 equal positions, with the top 10 alone at 57% and the Magnificent Seven at 49%.
Holdings as of — VGT: May 31, 2026 (Vanguard); VUG: 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 VUG — FAQ
- How much do VGT and VUG overlap?
- VGT and VUG overlap by approximately 61% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 7 of VGT's 10 largest holdings are also held by VUG. They share 24 of their listed top holdings in total.
- Is it redundant to hold both VGT and VUG?
- Because they share most of their weight in the same names; the second fund adds only modest differentiation, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 17 positions and a C diversification grade.
- What does VUG hold that VGT doesn't?
- VUG's largest holdings that VGT doesn't hold include GOOGL, AMZN, GOOG, META, TSLA. Its category is US large-cap growth, versus VGT's US tech sector.
- Which is more concentrated, VGT or VUG?
- VGT's top 10 holdings are 72% of its listed weight; VUG's are 73%. The more concentrated fund leans harder on its largest names.