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 100% by weight. 10 of VTI's top 10 holdings also appear in VV. A 50/50 blend of the two behaves like about 53 equally-weighted bets (diversification grade B). 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 50 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. | 6.70% | 7.65% |
| AAPL Apple Inc. | 6.30% | 7.19% |
| MSFT Microsoft Corp. | 4.60% | 5.25% |
| AMZN Amazon.com Inc. | 3.60% | 4.10% |
| GOOGL Alphabet Inc. Class A | 3.05% | 3.47% |
| AVGO Broadcom Inc. | 2.91% | 3.32% |
| GOOG Alphabet Inc. Class C | 2.39% | 2.73% |
| META Facebook Inc. Class A | 1.90% | 2.17% |
| TSLA Tesla Inc. | 1.69% | 1.92% |
| MU Micron Technology Inc. | 1.50% | 1.71% |
| LLY Eli Lilly & Co. | 1.29% | 1.47% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.17% | 1.31% |
| AMD Advanced Micro Devices Inc. | 1.16% | 1.32% |
| JPM JPMorgan Chase & Co. | 1.04% | 1.19% |
| XOM Exxon Mobil Corp. | 0.83% | 0.95% |
+ 35 more shared holdings.
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that VV doesn’t have:
| Every listed VTI holding is also in VV. |
Only in VV
Vanguard Large-Cap ETF — US large-cap. Its biggest holdings that VTI doesn’t have:
| Every listed VV holding is also in VTI. |
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 ~53 equal positions, with the top 10 alone at 37% and the Magnificent Seven at 32%.
Holdings as of — VTI: 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 →VTI vs VV — FAQ
- How much do VTI and VV overlap?
- VTI and VV overlap by approximately 100% 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 50 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 53 positions and a B diversification grade.
- What does VV hold that VTI doesn't?
- VTI contains essentially all of VV's listed holdings.
- Which is more concentrated, VTI or VV?
- VTI's top 10 holdings are 61% of its listed weight; VV's are 61%. The more concentrated fund leans harder on its largest names.