VTI vs VV: how much do they really overlap?
VTI (Vanguard Total Stock Market ETF, tracking the CRSP US Total Market) and VV (Vanguard Large-Cap ETF, tracking the CRSP US Large Cap) overlap by roughly 99% by weight. 10 of VTI's top 10 holdings also appear in VV. A 50/50 blend of the two behaves like about 61 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 49 holdings appear in both VTI and VV. The weight columns show how much of each fund each name represents.
| Holding | in VTI | in VV |
|---|---|---|
| NVDA NVIDIA Corp. | 6.32% | 7.26% |
| AAPL Apple Inc. | 5.84% | 6.71% |
| MSFT Microsoft Corp. | 3.81% | 4.38% |
| AMZN Amazon.com Inc. | 3.17% | 3.64% |
| GOOGL Alphabet Inc. Class A | 2.88% | 3.31% |
| AVGO Broadcom Inc. | 2.46% | 2.82% |
| GOOG Alphabet Inc. Class C | 2.27% | 2.61% |
| MU Micron Technology Inc. | 1.79% | 2.06% |
| META Facebook Inc. Class A | 1.70% | 1.95% |
| TSLA Tesla Inc. | 1.63% | 1.87% |
| LLY Eli Lilly & Co. | 1.40% | 1.61% |
| AMD Advanced Micro Devices Inc. | 1.30% | 1.50% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.24% | 1.40% |
| JPM JPMorgan Chase & Co. | 1.11% | 1.29% |
| JNJ Johnson & Johnson | 0.84% | 0.97% |
+ 34 more shared holdings.
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that VV doesn’t have:
| XOM Exxon Mobil Corp. | 0.78% |
Only in VV
Vanguard Large-Cap ETF — US large-cap. Its biggest holdings that VTI doesn’t have:
| C Citigroup Inc. | 0.36% |
So — nearly identical. Should you hold both?
VTI and VV hold nearly the same stocks in nearly the same proportions — owning both is largely redundant. If you already hold VTI, adding VV mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~61 equal positions, with the top 10 alone at 34% and the Magnificent Seven at 30%.
Holdings as of — VTI: Jun 30, 2026 (Vanguard); VV: 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 VV — FAQ
- How much do VTI and VV overlap?
- VTI and VV overlap by approximately 99% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 10 of VTI's 10 largest holdings are also held by VV. They share 49 of their listed top holdings in total.
- Is it redundant to hold both VTI 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 61 positions and a A diversification grade.
- What does VV hold that VTI doesn't?
- VV's largest holdings that VTI doesn't hold include C. Its category is US large-cap, versus VTI's total US market.
- Which is more concentrated, VTI or VV?
- VTI's top 10 holdings are 58% of its listed weight; VV's are 58%. The more concentrated fund leans harder on its largest names.