VOOG vs VTV: how much do they really overlap?
VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 27% by weight. 1 of VOOG's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 61 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 17 holdings appear in both VOOG and VTV. The weight columns show how much of each fund each name represents.
| Holding | in VOOG | in VTV |
|---|---|---|
| MU Micron Technology Inc. | 3.04% | 4.17% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.42% | 2.82% |
| JPM JPMorgan Chase & Co. | 1.43% | 2.88% |
| CAT Caterpillar Inc. | 1.13% | 1.55% |
| JNJ Johnson & Johnson | 0.89% | 2.07% |
| CSCO Cisco Systems Inc. | 0.70% | 1.63% |
| AMAT Applied Materials Inc. | 0.99% | 0.68% |
| RTX RTX Corp. | 0.67% | 0.92% |
| GS Goldman Sachs Group Inc. | 0.53% | 1.10% |
| ABBV AbbVie Inc. | 0.49% | 1.47% |
| GE General Electric Co. | 0.49% | 0.61% |
| PM Philip Morris International Inc. | 0.43% | 1.05% |
| MS Morgan Stanley | 0.42% | 0.94% |
| IBM International Business Machines Corp. | 0.40% | 1.06% |
| KO Coca-Cola Co. | 0.36% | 1.04% |
+ 2 more shared holdings.
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that VTV doesn’t have:
| NVDA NVIDIA Corp. | 14.26% |
| MSFT Microsoft Corp. | 9.29% |
| AAPL Apple Inc. | 6.37% |
| GOOGL Alphabet Inc. Class A | 6.15% |
| AVGO Broadcom Inc. | 5.89% |
| GOOG Alphabet Inc. Class C | 4.89% |
| AMZN Amazon.com Inc. | 3.89% |
| META Facebook Inc. Class A | 3.84% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that VOOG doesn’t have:
| XOM Exxon Mobil Corp. | 2.31% |
| WMT Walmart Inc. | 1.93% |
| INTC Intel Corp. | 1.75% |
| CVX Chevron Corp. | 1.32% |
| UNH UnitedHealth Group Inc. | 1.31% |
| PG Procter & Gamble Co. | 1.27% |
| BAC Bank of America Corp. | 1.27% |
| HD Home Depot Inc. | 1.20% |
So — partly overlapping. Should you hold both?
VOOG and VTV 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 ~61 effective positions (grade A).
Holdings as of — VOOG: May 31, 2026 (Vanguard); VTV: 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 →VOOG vs VTV — FAQ
- How much do VOOG and VTV overlap?
- VOOG and VTV overlap by approximately 27% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of VOOG's 10 largest holdings are also held by VTV. They share 17 of their listed top holdings in total.
- Is it redundant to hold both VOOG and VTV?
- 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 (MU) while each fund still adds distinct exposure. A 50/50 blend has an effective 61 positions and a A diversification grade.
- What does VTV hold that VOOG doesn't?
- VTV's largest holdings that VOOG doesn't hold include XOM, WMT, INTC, CVX, UNH. Its category is US large-cap value, versus VOOG's US large-cap growth.
- Which is more concentrated, VOOG or VTV?
- VOOG's top 10 holdings are 67% of its listed weight; VTV's are 41%. The more concentrated fund leans harder on its largest names.