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 29% by weight. 1 of VOOG's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 65 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 16 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. | 3.66% | 4.87% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.58% | 2.95% |
| JPM JPMorgan Chase & Co. | 1.56% | 3.06% |
| CAT Caterpillar Inc. | 1.38% | 1.84% |
| JNJ Johnson & Johnson | 1.02% | 2.29% |
| RTX RTX Corp. | 0.72% | 0.96% |
| CSCO Cisco Systems Inc. | 0.69% | 1.56% |
| ABBV AbbVie Inc. | 0.58% | 1.66% |
| GE General Electric Co. | 0.57% | 0.73% |
| GS Goldman Sachs Group Inc. | 0.52% | 1.06% |
| PM Philip Morris International Inc. | 0.44% | 1.05% |
| MS Morgan Stanley | 0.43% | 0.93% |
| IBM International Business Machines Corp. | 0.39% | 0.99% |
| AMGN Amgen Inc. | 0.37% | 0.73% |
| KO Coca-Cola Co. | 0.37% | 1.05% |
+ 1 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. | 13.64% |
| MSFT Microsoft Corp. | 7.80% |
| AAPL Apple Inc. | 5.98% |
| GOOGL Alphabet Inc. Class A | 5.90% |
| AVGO Broadcom Inc. | 5.03% |
| GOOG Alphabet Inc. Class C | 4.70% |
| META Facebook Inc. Class A | 3.48% |
| AMZN Amazon.com Inc. | 3.48% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that VOOG doesn’t have:
| WMT Walmart Inc. | 1.86% |
| UNH UnitedHealth Group Inc. | 1.41% |
| BAC Bank of America Corp. | 1.36% |
| HD Home Depot Inc. | 1.32% |
| PG Procter & Gamble Co. | 1.28% |
| MRK Merck & Co. Inc. | 1.19% |
| CVX Chevron Corp. | 1.17% |
| INTC Intel Corp. | 1.05% |
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 ~65 effective positions (grade A).
Holdings as of — VOOG: Jun 30, 2026 (Vanguard); VTV: 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 →VOOG vs VTV — FAQ
- How much do VOOG and VTV overlap?
- VOOG and VTV overlap by approximately 29% 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 16 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 65 positions and a A diversification grade.
- What does VTV hold that VOOG doesn't?
- VTV's largest holdings that VOOG doesn't hold include WMT, UNH, BAC, HD, PG. 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 64% of its listed weight; VTV's are 43%. The more concentrated fund leans harder on its largest names.