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 41% by weight. 10 of VIG's top 10 holdings also appear in VT. A 50/50 blend of the two behaves like about 128 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 23 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. | 4.20% | 3.57% |
| MSFT Microsoft Corp. | 3.51% | 2.37% |
| AVGO Broadcom Inc. | 4.53% | 1.50% |
| LLY Eli Lilly & Co. | 4.14% | 0.82% |
| JPM JPMorgan Chase & Co. | 3.56% | 0.69% |
| JNJ Johnson & Johnson | 2.66% | 0.52% |
| V Visa Inc. Class A | 2.31% | 0.48% |
| LRCX Lam Research Corp. | 2.36% | 0.46% |
| WMT Walmart Inc. | 2.16% | 0.42% |
| CAT Caterpillar Inc. | 2.14% | 0.41% |
| CSCO Cisco Systems Inc. | 2.02% | 0.40% |
| ABBV AbbVie Inc. | 1.94% | 0.38% |
| COST Costco Wholesale Corp. | 1.81% | 0.35% |
| MA Mastercard Inc. Class A | 1.81% | 0.35% |
| KLAC KLA Corp. | 1.72% | 0.34% |
+ 8 more shared holdings.
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VT doesn’t have:
| IBM International Business Machines Corp. | 1.15% |
| MS Morgan Stanley | 1.09% |
| ORCL Oracle Corp. | 1.08% |
| LIN Linde plc | 1.05% |
| APH Amphenol Corp. Class A | 0.95% |
| AMGN Amgen Inc. | 0.85% |
| QCOM QUALCOMM Inc. | 0.85% |
| ADI Analog Devices Inc. | 0.85% |
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that VIG doesn’t have:
| NVDA NVIDIA Corp. | 3.99% |
| AMZN Amazon.com Inc. | 1.97% |
| GOOGL Alphabet Inc. Class A | 1.80% |
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.64% |
| GOOG Alphabet Inc. Class C | 1.41% |
| MU Micron Technology Inc. | 1.11% |
| META Facebook Inc. Class A | 1.06% |
| TSLA Tesla Inc. | 1.05% |
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 ~128 effective positions (grade A).
Holdings as of — VIG: Jun 30, 2026 (Vanguard); VT: 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 →VIG vs VT — FAQ
- How much do VIG and VT overlap?
- VIG and VT overlap by approximately 41% 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 23 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 128 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 44% of its listed weight; VT's are 55%. The more concentrated fund leans harder on its largest names.