VIG vs VT: how much do they really overlap?
VIG (Vanguard Dividend Appreciation ETF, tracking the S&P US Dividend Growers) and VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) overlap by roughly 44% by weight. 10 of VIG's top 10 holdings also appear in VT. A 50/50 blend of the two behaves like about 115 equally-weighted bets (diversification grade A). 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 25 holdings appear in both VIG and VT. The weight columns show how much of each fund each name represents.
| Holding | in VIG | in VT |
|---|---|---|
| AAPL Apple Inc. | 4.57% | 3.79% |
| MSFT Microsoft Corp. | 4.27% | 2.82% |
| AVGO Broadcom Inc. | 5.41% | 1.74% |
| LLY Eli Lilly & Co. | 3.85% | 0.75% |
| JPM JPMorgan Chase & Co. | 3.32% | 0.64% |
| XOM Exxon Mobil Corp. | 2.67% | 0.52% |
| JNJ Johnson & Johnson | 2.39% | 0.46% |
| V Visa Inc. Class A | 2.25% | 0.46% |
| WMT Walmart Inc. | 2.23% | 0.42% |
| CSCO Cisco Systems Inc. | 2.09% | 0.40% |
| COST Costco Wholesale Corp. | 1.87% | 0.36% |
| CAT Caterpillar Inc. | 1.79% | 0.34% |
| LRCX Lam Research Corp. | 1.75% | 0.34% |
| MA Mastercard Inc. Class A | 1.77% | 0.33% |
| ABBV AbbVie Inc. | 1.69% | 0.33% |
+ 10 more shared holdings.
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VT doesn’t have:
| QCOM QUALCOMM Inc. | 1.18% |
| KLAC KLA Corp. | 1.11% |
| MS Morgan Stanley | 1.10% |
| LIN Linde plc | 1.02% |
| ADI Analog Devices Inc. | 0.89% |
| MCD McDonald's Corp. | 0.87% |
| PEP PepsiCo Inc. | 0.87% |
| APH Amphenol Corp. Class A | 0.80% |
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that VIG doesn’t have:
| NVDA NVIDIA Corp. | 4.17% |
| AMZN Amazon.com Inc. | 2.19% |
| GOOGL Alphabet Inc. Class A | 1.89% |
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.52% |
| GOOG Alphabet Inc. Class C | 1.48% |
| META Facebook Inc. Class A | 1.16% |
| TSLA Tesla Inc. | 1.04% |
| MU Micron Technology Inc. | 0.91% |
So — partly overlapping. Should you hold both?
VIG and VT 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 ~115 effective positions (grade A).
Holdings as of — VIG: May 31, 2026 (Vanguard); VT: 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 →VIG vs VT — FAQ
- How much do VIG and VT overlap?
- VIG and VT overlap by approximately 44% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 10 of VIG's 10 largest holdings are also held by VT. They share 25 of their listed top holdings in total.
- Is it redundant to hold both VIG and VT?
- 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 115 positions and a A diversification grade.
- What does VT hold that VIG doesn't?
- VT's largest holdings that VIG doesn't hold include NVDA, AMZN, GOOGL, 2330, GOOG. Its category is global all-cap, versus VIG's US dividend-growth.
- Which is more concentrated, VIG or VT?
- VIG's top 10 holdings are 45% of its listed weight; VT's are 58%. The more concentrated fund leans harder on its largest names.