VTV vs VUG: how much do they really overlap?
VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) and VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) overlap by roughly 2% by weight. 0 of VTV's top 10 holdings also appear in VUG. A 50/50 blend of the two behaves like about 61 equally-weighted bets (diversification grade A). In short, the two funds hold almost none of the same securities — they are complementary, not redundant.
The same companies, in both funds
These 3 holdings appear in both VTV and VUG. The weight columns show how much of each fund each name represents.
| Holding | in VTV | in VUG |
|---|---|---|
| AMAT Applied Materials Inc. | 0.68% | 0.50% |
| GE General Electric Co. | 0.61% | 0.45% |
| TXN Texas Instruments Inc. | 0.53% | 0.39% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that VUG doesn’t have:
| MU Micron Technology Inc. | 4.17% |
| JPM JPMorgan Chase & Co. | 2.88% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.82% |
| XOM Exxon Mobil Corp. | 2.31% |
| JNJ Johnson & Johnson | 2.07% |
| WMT Walmart Inc. | 1.93% |
| INTC Intel Corp. | 1.75% |
| CSCO Cisco Systems Inc. | 1.63% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that VTV doesn’t have:
| NVDA NVIDIA Corp. | 13.10% |
| AAPL Apple Inc. | 12.32% |
| MSFT Microsoft Corp. | 8.99% |
| GOOGL Alphabet Inc. Class A | 5.95% |
| AVGO Broadcom Inc. | 5.17% |
| AMZN Amazon.com Inc. | 4.85% |
| GOOG Alphabet Inc. Class C | 4.68% |
| META Facebook Inc. Class A | 3.73% |
So — essentially different. Should you hold both?
VTV and VUG hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~61 effective positions (grade A), because they hold largely different securities.
Holdings as of — VTV: 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 →VTV vs VUG — FAQ
- How much do VTV and VUG overlap?
- VTV and VUG overlap by approximately 2% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of VTV's 10 largest holdings are also held by VUG. They share 3 of their listed top holdings in total.
- Is it redundant to hold both VTV and VUG?
- Because they hold almost none of the same securities — they are complementary, not redundant, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 61 positions and a A diversification grade.
- What does VUG hold that VTV doesn't?
- VUG's largest holdings that VTV doesn't hold include NVDA, AAPL, MSFT, GOOGL, AVGO. Its category is US large-cap growth, versus VTV's US large-cap value.
- Which is more concentrated, VTV or VUG?
- VTV's top 10 holdings are 41% of its listed weight; VUG's are 73%. The more concentrated fund leans harder on its largest names.