VT vs VV: how much do they really overlap?
VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) and VV (Vanguard Large-Cap ETF, tracking the CRSP US Large Cap) overlap by roughly 87% by weight. 9 of VT's top 10 holdings also appear in VV. A 50/50 blend of the two behaves like about 79 equally-weighted bets (diversification grade A). 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 41 holdings appear in both VT and VV. The weight columns show how much of each fund each name represents.
| Holding | in VT | in VV |
|---|---|---|
| NVDA NVIDIA Corp. | 4.17% | 7.65% |
| AAPL Apple Inc. | 3.79% | 7.19% |
| MSFT Microsoft Corp. | 2.82% | 5.25% |
| AMZN Amazon.com Inc. | 2.19% | 4.10% |
| GOOGL Alphabet Inc. Class A | 1.89% | 3.47% |
| AVGO Broadcom Inc. | 1.74% | 3.32% |
| GOOG Alphabet Inc. Class C | 1.48% | 2.73% |
| META Facebook Inc. Class A | 1.16% | 2.17% |
| TSLA Tesla Inc. | 1.04% | 1.92% |
| MU Micron Technology Inc. | 0.91% | 1.71% |
| LLY Eli Lilly & Co. | 0.75% | 1.47% |
| AMD Advanced Micro Devices Inc. | 0.70% | 1.32% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.65% | 1.31% |
| JPM JPMorgan Chase & Co. | 0.64% | 1.19% |
| XOM Exxon Mobil Corp. | 0.52% | 0.95% |
+ 26 more shared holdings.
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that VV doesn’t have:
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.52% |
| 005930 Samsung Electronics Co. Ltd. | 0.83% |
| 000660 SK hynix Inc | 0.71% |
| ASML ASML Holding NV | 0.53% |
| 700 Tencent Holdings Ltd. | 0.28% |
| HSBA HSBC Holdings plc | 0.27% |
| NOVN Novartis AG | 0.24% |
| AZN AstraZeneca plc | 0.23% |
Only in VV
Vanguard Large-Cap ETF — US large-cap. Its biggest holdings that VT doesn’t have:
| QCOM QUALCOMM Inc. | 0.42% |
| GEV GE Vernova LLC | 0.41% |
| KLAC KLA Corp. | 0.40% |
| MS Morgan Stanley | 0.39% |
| SNDK Sandisk Corp./DE | 0.39% |
| RTX RTX Corp. | 0.38% |
| WFC Wells Fargo & Co. | 0.38% |
| LIN Linde plc | 0.36% |
So — nearly identical. Should you hold both?
VT and VV hold nearly the same stocks in nearly the same proportions — owning both is largely redundant. If you already hold VT, adding VV mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~79 equal positions, with the top 10 alone at 30% and the Magnificent Seven at 27%.
Holdings as of — VT: 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 →VT vs VV — FAQ
- How much do VT and VV overlap?
- VT and VV overlap by approximately 87% 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 VV. They share 41 of their listed top holdings in total.
- Is it redundant to hold both VT 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 79 positions and a A diversification grade.
- What does VV hold that VT doesn't?
- VV's largest holdings that VT doesn't hold include QCOM, GEV, KLAC, MS, SNDK. Its category is US large-cap, versus VT's global all-cap.
- Which is more concentrated, VT or VV?
- VT's top 10 holdings are 58% of its listed weight; VV's are 61%. The more concentrated fund leans harder on its largest names.