VT vs VTV: how much do they really overlap?
VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 23% by weight. 0 of VT's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 218 equally-weighted bets (diversification grade A). In short, the two funds have only a small shared core — they mostly hold different things and are largely complementary.
The same companies, in both funds
These 23 holdings appear in both VT and VTV. The weight columns show how much of each fund each name represents.
| Holding | in VT | in VTV |
|---|---|---|
| MU Micron Technology Inc. | 0.91% | 4.17% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 2.82% |
| JPM JPMorgan Chase & Co. | 0.64% | 2.88% |
| XOM Exxon Mobil Corp. | 0.52% | 2.31% |
| JNJ Johnson & Johnson | 0.46% | 2.07% |
| INTC Intel Corp. | 0.43% | 1.75% |
| WMT Walmart Inc. | 0.42% | 1.93% |
| CSCO Cisco Systems Inc. | 0.40% | 1.63% |
| CAT Caterpillar Inc. | 0.34% | 1.55% |
| ABBV AbbVie Inc. | 0.33% | 1.47% |
| AMAT Applied Materials Inc. | 0.30% | 0.68% |
| UNH UnitedHealth Group Inc. | 0.29% | 1.31% |
| CVX Chevron Corp. | 0.29% | 1.32% |
| GE General Electric Co. | 0.28% | 0.61% |
| PG Procter & Gamble Co. | 0.28% | 1.27% |
+ 8 more shared holdings.
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that VTV doesn’t have:
| NVDA NVIDIA Corp. | 4.17% |
| AAPL Apple Inc. | 3.79% |
| MSFT Microsoft Corp. | 2.82% |
| AMZN Amazon.com Inc. | 2.19% |
| GOOGL Alphabet Inc. Class A | 1.89% |
| AVGO Broadcom Inc. | 1.74% |
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.52% |
| GOOG Alphabet Inc. Class C | 1.48% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that VT doesn’t have:
| QCOM QUALCOMM Inc. | 1.02% |
| MS Morgan Stanley | 0.94% |
| RTX RTX Corp. | 0.92% |
| WFC Wells Fargo & Co. | 0.91% |
| LIN Linde plc | 0.88% |
| C Citigroup Inc. | 0.80% |
| ADI Analog Devices Inc. | 0.77% |
| PEP PepsiCo Inc. | 0.75% |
So — mostly different. Should you hold both?
VT and VTV have only a small shared core — they mostly hold different things and are largely complementary. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~218 effective positions (grade A), because they hold largely different securities.
Holdings as of — VT: 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 →VT vs VTV — FAQ
- How much do VT and VTV overlap?
- VT and VTV overlap by approximately 23% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of VT's 10 largest holdings are also held by VTV. They share 23 of their listed top holdings in total.
- Is it redundant to hold both VT and VTV?
- Because they have only a small shared core — they mostly hold different things and are largely complementary, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 218 positions and a A diversification grade.
- What does VTV hold that VT doesn't?
- VTV's largest holdings that VT doesn't hold include QCOM, MS, RTX, WFC, LIN. Its category is US large-cap value, versus VT's global all-cap.
- Which is more concentrated, VT or VTV?
- VT's top 10 holdings are 58% of its listed weight; VTV's are 41%. The more concentrated fund leans harder on its largest names.