VUG vs VXF: how much do they really overlap?
VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) and VXF (Vanguard Extended Market ETF, tracking the S&P Completion) overlap by roughly 2% by weight. 0 of VUG's top 10 holdings also appear in VXF. A 50/50 blend of the two behaves like about 78 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 1 holdings appear in both VUG and VXF. The weight columns show how much of each fund each name represents.
| Holding | in VUG | in VXF |
|---|---|---|
| SPCX Space Exploration Technologies Corp. Class A | 0.29% | 1.14% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that VXF doesn’t have:
| NVDA NVIDIA Corp. | 12.60% |
| AAPL Apple Inc. | 11.64% |
| MSFT Microsoft Corp. | 7.60% |
| GOOGL Alphabet Inc. Class A | 5.74% |
| GOOG Alphabet Inc. Class C | 4.52% |
| AMZN Amazon.com Inc. | 4.46% |
| AVGO Broadcom Inc. | 4.27% |
| META Facebook Inc. Class A | 3.40% |
Only in VXF
Vanguard Extended Market ETF — US mid/small completion. Its biggest holdings that VUG doesn’t have:
| SNOW Snowflake Inc. | 0.99% |
| BE Bloom Energy Corp. Class A | 0.89% |
| NET Cloudflare Inc. Class A | 0.88% |
| ALAB Astera Labs Inc. | 0.73% |
| RKLB Rocket Lab Corp. | 0.58% |
| LNG Cheniere Energy Inc. | 0.56% |
| FERG Ferguson Enterprises Inc./DE | 0.52% |
| CRDO Credo Technology Group Holding Ltd. | 0.50% |
So — essentially different. Should you hold both?
VUG and VXF hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~78 effective positions (grade A), because they hold largely different securities.
Holdings as of — VUG: Jun 30, 2026 (Vanguard); VXF: 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 →VUG vs VXF — FAQ
- How much do VUG and VXF overlap?
- VUG and VXF 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 VUG's 10 largest holdings are also held by VXF. They share 1 of their listed top holdings in total.
- Is it redundant to hold both VUG and VXF?
- 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 78 positions and a A diversification grade.
- What does VXF hold that VUG doesn't?
- VXF's largest holdings that VUG doesn't hold include SNOW, BE, NET, ALAB, RKLB. Its category is US mid/small completion, versus VUG's US large-cap growth.
- Which is more concentrated, VUG or VXF?
- VUG's top 10 holdings are 69% of its listed weight; VXF's are 38%. The more concentrated fund leans harder on its largest names.