VIG vs VTI: how much do they really overlap?
VIG (Vanguard Dividend Appreciation ETF, tracking the S&P US Dividend Growers) and VTI (Vanguard Total Stock Market ETF, tracking the CRSP US Total Market) overlap by roughly 44% by weight. 10 of VIG's top 10 holdings also appear in VTI. A 50/50 blend of the two behaves like about 87 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 27 holdings appear in both VIG and VTI. The weight columns show how much of each fund each name represents.
| Holding | in VIG | in VTI |
|---|---|---|
| AAPL Apple Inc. | 4.20% | 5.84% |
| MSFT Microsoft Corp. | 3.51% | 3.81% |
| AVGO Broadcom Inc. | 4.53% | 2.46% |
| LLY Eli Lilly & Co. | 4.14% | 1.40% |
| JPM JPMorgan Chase & Co. | 3.56% | 1.11% |
| JNJ Johnson & Johnson | 2.66% | 0.84% |
| V Visa Inc. Class A | 2.31% | 0.77% |
| LRCX Lam Research Corp. | 2.36% | 0.74% |
| WMT Walmart Inc. | 2.16% | 0.68% |
| CAT Caterpillar Inc. | 2.14% | 0.67% |
| ABBV AbbVie Inc. | 1.94% | 0.61% |
| CSCO Cisco Systems Inc. | 2.02% | 0.57% |
| COST Costco Wholesale Corp. | 1.81% | 0.57% |
| MA Mastercard Inc. Class A | 1.81% | 0.56% |
| KLAC KLA Corp. | 1.72% | 0.54% |
+ 12 more shared holdings.
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VTI doesn’t have:
| APH Amphenol Corp. Class A | 0.95% |
| AMGN Amgen Inc. | 0.85% |
| QCOM QUALCOMM Inc. | 0.85% |
| ADI Analog Devices Inc. | 0.85% |
| MCD McDonald's Corp. | 0.84% |
| PEP PepsiCo Inc. | 0.81% |
| NEE NextEra Energy Inc. | 0.80% |
| ETN Eaton Corp. plc | 0.72% |
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that VIG doesn’t have:
| NVDA NVIDIA Corp. | 6.32% |
| AMZN Amazon.com Inc. | 3.17% |
| GOOGL Alphabet Inc. Class A | 2.88% |
| GOOG Alphabet Inc. Class C | 2.27% |
| MU Micron Technology Inc. | 1.79% |
| META Facebook Inc. Class A | 1.70% |
| TSLA Tesla Inc. | 1.63% |
| AMD Advanced Micro Devices Inc. | 1.30% |
So — partly overlapping. Should you hold both?
VIG and VTI 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 ~87 effective positions (grade A).
Holdings as of — VIG: Jun 30, 2026 (Vanguard); VTI: 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 VTI — FAQ
- How much do VIG and VTI overlap?
- VIG and VTI 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 VTI. They share 27 of their listed top holdings in total.
- Is it redundant to hold both VIG and VTI?
- 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 87 positions and a A diversification grade.
- What does VTI hold that VIG doesn't?
- VTI's largest holdings that VIG doesn't hold include NVDA, AMZN, GOOGL, GOOG, MU. Its category is total US market, versus VIG's US dividend-growth.
- Which is more concentrated, VIG or VTI?
- VIG's top 10 holdings are 44% of its listed weight; VTI's are 58%. The more concentrated fund leans harder on its largest names.