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 46% by weight. 10 of VIG's top 10 holdings also appear in VTI. A 50/50 blend of the two behaves like about 76 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 29 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. | 4.57% | 6.30% |
| MSFT Microsoft Corp. | 4.27% | 4.60% |
| AVGO Broadcom Inc. | 5.41% | 2.91% |
| LLY Eli Lilly & Co. | 3.85% | 1.29% |
| JPM JPMorgan Chase & Co. | 3.32% | 1.04% |
| XOM Exxon Mobil Corp. | 2.67% | 0.83% |
| JNJ Johnson & Johnson | 2.39% | 0.75% |
| V Visa Inc. Class A | 2.25% | 0.74% |
| WMT Walmart Inc. | 2.23% | 0.70% |
| CSCO Cisco Systems Inc. | 2.09% | 0.59% |
| COST Costco Wholesale Corp. | 1.87% | 0.58% |
| CAT Caterpillar Inc. | 1.79% | 0.56% |
| LRCX Lam Research Corp. | 1.75% | 0.55% |
| MA Mastercard Inc. Class A | 1.77% | 0.54% |
| ORCL Oracle Corp. | 1.68% | 0.54% |
+ 14 more shared holdings.
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VTI doesn’t have:
| ADI Analog Devices Inc. | 0.89% |
| MCD McDonald's Corp. | 0.87% |
| PEP PepsiCo Inc. | 0.87% |
| APH Amphenol Corp. Class A | 0.80% |
| AMGN Amgen Inc. | 0.80% |
| NEE NextEra Energy Inc. | 0.80% |
| GILD Gilead Sciences Inc. | 0.73% |
| UNP Union Pacific Corp. | 0.69% |
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that VIG doesn’t have:
| NVDA NVIDIA Corp. | 6.70% |
| AMZN Amazon.com Inc. | 3.60% |
| GOOGL Alphabet Inc. Class A | 3.05% |
| GOOG Alphabet Inc. Class C | 2.39% |
| META Facebook Inc. Class A | 1.90% |
| TSLA Tesla Inc. | 1.69% |
| MU Micron Technology Inc. | 1.50% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.17% |
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 ~76 effective positions (grade A).
Holdings as of — VIG: May 31, 2026 (Vanguard); VTI: 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 VTI — FAQ
- How much do VIG and VTI overlap?
- VIG and VTI overlap by approximately 46% 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 29 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 76 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, META. 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 45% of its listed weight; VTI's are 61%. The more concentrated fund leans harder on its largest names.