VOOG vs VUG: how much do they really overlap?
VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) and VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) overlap by roughly 81% by weight. 9 of VOOG's top 10 holdings also appear in VUG. A 50/50 blend of the two behaves like about 19 equally-weighted bets (diversification grade C). In short, the two funds hold nearly the same stocks in nearly the same proportions — owning both is largely redundant.
The same companies, in both funds
These 34 holdings appear in both VOOG and VUG. The weight columns show how much of each fund each name represents.
| Holding | in VOOG | in VUG |
|---|---|---|
| NVDA NVIDIA Corp. | 14.26% | 13.10% |
| MSFT Microsoft Corp. | 9.29% | 8.99% |
| AAPL Apple Inc. | 6.37% | 12.32% |
| GOOGL Alphabet Inc. Class A | 6.15% | 5.95% |
| AVGO Broadcom Inc. | 5.89% | 5.17% |
| GOOG Alphabet Inc. Class C | 4.89% | 4.68% |
| AMZN Amazon.com Inc. | 3.89% | 4.85% |
| META Facebook Inc. Class A | 3.84% | 3.73% |
| LLY Eli Lilly & Co. | 2.43% | 2.53% |
| AMD Advanced Micro Devices Inc. | 2.34% | 2.30% |
| TSLA Tesla Inc. | 2.11% | 3.31% |
| LRCX Lam Research Corp. | 1.10% | 1.09% |
| NFLX Netflix Inc. | 1.01% | 0.99% |
| PLTR Palantir Technologies Inc. Class A | 0.99% | 0.93% |
| V Visa Inc. Class A | 0.84% | 1.45% |
+ 19 more shared holdings.
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that VUG doesn’t have:
| MU Micron Technology Inc. | 3.04% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.42% |
| JPM JPMorgan Chase & Co. | 1.43% |
| CAT Caterpillar Inc. | 1.13% |
| JNJ Johnson & Johnson | 0.89% |
| CSCO Cisco Systems Inc. | 0.70% |
| RTX RTX Corp. | 0.67% |
| GS Goldman Sachs Group Inc. | 0.53% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that VOOG doesn’t have:
| COST Costco Wholesale Corp. | 1.15% |
| MCD McDonald's Corp. | 0.54% |
| MRVL Marvell Technology Inc. | 0.51% |
| BA Boeing Co. | 0.50% |
| TJX TJX Cos. Inc. | 0.48% |
| TXN Texas Instruments Inc. | 0.39% |
| NOW ServiceNow Inc. | 0.36% |
| VRTX Vertex Pharmaceuticals Inc. | 0.32% |
So — nearly identical. Should you hold both?
VOOG and VUG hold nearly the same stocks in nearly the same proportions — owning both is largely redundant. If you already hold VOOG, adding VUG mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~19 equal positions, with the top 10 alone at 62% and the Magnificent Seven at 54%.
Holdings as of — VOOG: May 31, 2026 (Vanguard); VUG: 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 VUG — FAQ
- How much do VOOG and VUG overlap?
- VOOG and VUG overlap by approximately 81% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 9 of VOOG's 10 largest holdings are also held by VUG. They share 34 of their listed top holdings in total.
- Is it redundant to hold both VOOG and VUG?
- Because they hold nearly the same stocks in nearly the same proportions — owning both is largely redundant, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 19 positions and a C diversification grade.
- What does VUG hold that VOOG doesn't?
- VUG's largest holdings that VOOG doesn't hold include COST, MCD, MRVL, BA, TJX. Its category is US large-cap growth, versus VOOG's US large-cap growth.
- Which is more concentrated, VOOG or VUG?
- VOOG's top 10 holdings are 67% of its listed weight; VUG's are 73%. The more concentrated fund leans harder on its largest names.