VT vs VUG: how much do they really overlap?
VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) and VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) overlap by roughly 67% by weight. 9 of VT's top 10 holdings also appear in VUG. A 50/50 blend of the two behaves like about 41 equally-weighted bets (diversification grade B). In short, the two funds share most of their weight in the same names; the second fund adds only modest differentiation.
The same companies, in both funds
These 21 holdings appear in both VT and VUG. The weight columns show how much of each fund each name represents.
| Holding | in VT | in VUG |
|---|---|---|
| NVDA NVIDIA Corp. | 4.17% | 13.10% |
| AAPL Apple Inc. | 3.79% | 12.32% |
| MSFT Microsoft Corp. | 2.82% | 8.99% |
| AMZN Amazon.com Inc. | 2.19% | 4.85% |
| GOOGL Alphabet Inc. Class A | 1.89% | 5.95% |
| AVGO Broadcom Inc. | 1.74% | 5.17% |
| GOOG Alphabet Inc. Class C | 1.48% | 4.68% |
| META Facebook Inc. Class A | 1.16% | 3.73% |
| TSLA Tesla Inc. | 1.04% | 3.31% |
| LLY Eli Lilly & Co. | 0.75% | 2.53% |
| AMD Advanced Micro Devices Inc. | 0.70% | 2.30% |
| V Visa Inc. Class A | 0.46% | 1.45% |
| COST Costco Wholesale Corp. | 0.36% | 1.15% |
| LRCX Lam Research Corp. | 0.34% | 1.09% |
| MA Mastercard Inc. Class A | 0.33% | 1.07% |
+ 6 more shared holdings.
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that VUG doesn’t have:
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.52% |
| MU Micron Technology Inc. | 0.91% |
| 005930 Samsung Electronics Co. Ltd. | 0.83% |
| 000660 SK hynix Inc | 0.71% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% |
| JPM JPMorgan Chase & Co. | 0.64% |
| ASML ASML Holding NV | 0.53% |
| XOM Exxon Mobil Corp. | 0.52% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that VT doesn’t have:
| GEV GE Vernova LLC | 0.72% |
| SNDK Sandisk Corp./DE | 0.71% |
| KLAC KLA Corp. | 0.70% |
| PANW Palo Alto Networks Inc. | 0.64% |
| STX Seagate Technology Holdings plc | 0.55% |
| MCD McDonald's Corp. | 0.54% |
| MRVL Marvell Technology Inc. | 0.51% |
| APH Amphenol Corp. Class A | 0.51% |
So — heavily overlapping. Should you hold both?
VT and VUG share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold VT, adding VUG mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~41 equal positions, with the top 10 alone at 43% and the Magnificent Seven at 38%.
Holdings as of — VT: 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 →VT vs VUG — FAQ
- How much do VT and VUG overlap?
- VT and VUG overlap by approximately 67% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 9 of VT's 10 largest holdings are also held by VUG. They share 21 of their listed top holdings in total.
- Is it redundant to hold both VT and VUG?
- Because they share most of their weight in the same names; the second fund adds only modest differentiation, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 41 positions and a B diversification grade.
- What does VUG hold that VT doesn't?
- VUG's largest holdings that VT doesn't hold include GEV, SNDK, KLAC, PANW, STX. Its category is US large-cap growth, versus VT's global all-cap.
- Which is more concentrated, VT or VUG?
- VT's top 10 holdings are 58% of its listed weight; VUG's are 73%. The more concentrated fund leans harder on its largest names.