VTI vs VUG: how much do they really overlap?
VTI (Vanguard Total Stock Market ETF, tracking the CRSP US Total Market) and VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) overlap by roughly 75% by weight. 9 of VTI's top 10 holdings also appear in VUG. A 50/50 blend of the two behaves like about 35 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 27 holdings appear in both VTI and VUG. The weight columns show how much of each fund each name represents.
| Holding | in VTI | in VUG |
|---|---|---|
| NVDA NVIDIA Corp. | 6.32% | 12.60% |
| AAPL Apple Inc. | 5.84% | 11.64% |
| MSFT Microsoft Corp. | 3.81% | 7.60% |
| AMZN Amazon.com Inc. | 3.17% | 4.46% |
| GOOGL Alphabet Inc. Class A | 2.88% | 5.74% |
| AVGO Broadcom Inc. | 2.46% | 4.27% |
| GOOG Alphabet Inc. Class C | 2.27% | 4.52% |
| META Facebook Inc. Class A | 1.70% | 3.40% |
| TSLA Tesla Inc. | 1.63% | 3.26% |
| LLY Eli Lilly & Co. | 1.40% | 2.80% |
| AMD Advanced Micro Devices Inc. | 1.30% | 2.61% |
| AMAT Applied Materials Inc. | 0.79% | 1.59% |
| INTC Intel Corp. | 0.77% | 0.79% |
| V Visa Inc. Class A | 0.77% | 1.54% |
| LRCX Lam Research Corp. | 0.74% | 1.50% |
+ 12 more shared holdings.
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that VUG doesn’t have:
| MU Micron Technology Inc. | 1.79% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% |
| JPM JPMorgan Chase & Co. | 1.11% |
| JNJ Johnson & Johnson | 0.84% |
| XOM Exxon Mobil Corp. | 0.78% |
| WMT Walmart Inc. | 0.68% |
| CAT Caterpillar Inc. | 0.67% |
| ABBV AbbVie Inc. | 0.61% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that VTI doesn’t have:
| WDC Western Digital Corp. | 0.62% |
| APH Amphenol Corp. Class A | 0.61% |
| STX Seagate Technology Holdings plc | 0.61% |
| MCD McDonald's Corp. | 0.54% |
| CRWD Crowdstrike Holdings Inc. Class A | 0.52% |
| ANET Arista Networks Inc. | 0.52% |
| BA Boeing Co. | 0.48% |
| TJX TJX Cos. Inc. | 0.47% |
So — heavily overlapping. Should you hold both?
VTI and VUG share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold VTI, adding VUG mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~35 equal positions, with the top 10 alone at 46% and the Magnificent Seven at 40%.
Holdings as of — VTI: Jun 30, 2026 (Vanguard); VUG: Jun 30, 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 →VTI vs VUG — FAQ
- How much do VTI and VUG overlap?
- VTI and VUG overlap by approximately 75% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 9 of VTI's 10 largest holdings are also held by VUG. They share 27 of their listed top holdings in total.
- Is it redundant to hold both VTI 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 35 positions and a B diversification grade.
- What does VUG hold that VTI doesn't?
- VUG's largest holdings that VTI doesn't hold include WDC, APH, STX, MCD, CRWD. Its category is US large-cap growth, versus VTI's total US market.
- Which is more concentrated, VTI or VUG?
- VTI's top 10 holdings are 58% of its listed weight; VUG's are 69%. The more concentrated fund leans harder on its largest names.