VOOG vs VV: how much do they really overlap?
VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) and VV (Vanguard Large-Cap ETF, tracking the CRSP US Large Cap) overlap by roughly 86% by weight. 10 of VOOG's top 10 holdings also appear in VV. A 50/50 blend of the two behaves like about 30 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 36 holdings appear in both VOOG and VV. The weight columns show how much of each fund each name represents.
| Holding | in VOOG | in VV |
|---|---|---|
| NVDA NVIDIA Corp. | 14.26% | 7.65% |
| AAPL Apple Inc. | 6.37% | 7.19% |
| MSFT Microsoft Corp. | 9.29% | 5.25% |
| AMZN Amazon.com Inc. | 3.89% | 4.10% |
| GOOGL Alphabet Inc. Class A | 6.15% | 3.47% |
| AVGO Broadcom Inc. | 5.89% | 3.32% |
| GOOG Alphabet Inc. Class C | 4.89% | 2.73% |
| META Facebook Inc. Class A | 3.84% | 2.17% |
| TSLA Tesla Inc. | 2.11% | 1.92% |
| MU Micron Technology Inc. | 3.04% | 1.71% |
| LLY Eli Lilly & Co. | 2.43% | 1.47% |
| AMD Advanced Micro Devices Inc. | 2.34% | 1.32% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.42% | 1.31% |
| JPM JPMorgan Chase & Co. | 1.43% | 1.19% |
| JNJ Johnson & Johnson | 0.89% | 0.85% |
+ 21 more shared holdings.
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that VV doesn’t have:
| CRWD Crowdstrike Holdings Inc. Class A | 0.51% |
| APH Amphenol Corp. Class A | 0.51% |
| APP AppLovin Corp. Class A | 0.46% |
| ANET Arista Networks Inc. | 0.46% |
| ISRG Intuitive Surgical Inc. | 0.42% |
| UBER Uber Technologies Inc. | 0.40% |
| WELL Welltower Inc. | 0.40% |
| BKNG Booking Holdings Inc. | 0.38% |
Only in VV
Vanguard Large-Cap ETF — US large-cap. Its biggest holdings that VOOG doesn’t have:
| XOM Exxon Mobil Corp. | 0.95% |
| WMT Walmart Inc. | 0.80% |
| INTC Intel Corp. | 0.72% |
| COST Costco Wholesale Corp. | 0.67% |
| CVX Chevron Corp. | 0.54% |
| UNH UnitedHealth Group Inc. | 0.54% |
| PG Procter & Gamble Co. | 0.52% |
| BAC Bank of America Corp. | 0.52% |
So — nearly identical. Should you hold both?
VOOG and VV hold nearly the same stocks in nearly the same proportions — owning both is largely redundant. If you already hold VOOG, adding VV mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~30 equal positions, with the top 10 alone at 50% and the Magnificent Seven at 43%.
Holdings as of — VOOG: May 31, 2026 (Vanguard); VV: 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 VV — FAQ
- How much do VOOG and VV overlap?
- VOOG and VV overlap by approximately 86% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 10 of VOOG's 10 largest holdings are also held by VV. They share 36 of their listed top holdings in total.
- Is it redundant to hold both VOOG and VV?
- 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 30 positions and a C diversification grade.
- What does VV hold that VOOG doesn't?
- VV's largest holdings that VOOG doesn't hold include XOM, WMT, INTC, COST, CVX. Its category is US large-cap, versus VOOG's US large-cap growth.
- Which is more concentrated, VOOG or VV?
- VOOG's top 10 holdings are 67% of its listed weight; VV's are 61%. The more concentrated fund leans harder on its largest names.