Guardfolio Research · ETF Overlap
IWF vs VIG Overlap: 15.6% of Weight in Shared Holdings
IWF (iShares Russell 1000 Growth) and VIG (Vanguard Dividend Appreciation) overlap by 15.6% of weight through 4 shared top-10 holdings — including AVGO, AAPL, MSFT, LLY. Here is exactly which stocks duplicate, the sector picture, and whether holding both concentrates or diversifies your portfolio.
Overlap Summary
Bottom line
IWF and VIG have moderate, manageable overlap — about 15.6% of top-10 weight across 4 shared names. There is some double-up on the largest holdings, but the funds still pull in meaningfully different directions..
The Data
Exactly which stocks IWF and VIG share
The table below shows every holding that appears in both funds' top 10, with each fund's weight and the shared (minimum) weight that counts toward overlap.
| Holding | IWF weight | VIG weight | Shared (min) |
|---|---|---|---|
| Broadcom Inc. (AVGO) | 5.76% | 5.16% | 5.16% |
| Apple Inc. (AAPL) | 11.58% | 4.05% | 4.05% |
| Microsoft Corp. (MSFT) | 8.26% | 3.95% | 3.95% |
| Eli Lilly and Company (LLY) | 2.46% | 3.32% | 2.46% |
| Total shared top-10 weight | 28.1% | 16.5% | 15.6% |
Weights are approximate, based on the most recent quarterly holdings. The 15.6% figure is the sum of the lesser of each fund's weight per shared holding (the conservative top-10 method).
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Sector Picture
IWF vs VIG: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (54.0% combined sector overlap).
| Sector | IWF | VIG |
|---|---|---|
| Technology | 52.8% | 26.5% |
| Healthcare | 6.4% | 14.5% |
| Financial Services | 6.3% | 22.5% |
| Industrials | 5.7% | 11.5% |
| Consumer Discretionary | 13.2% | 5.3% |
| Consumer Staples | 2.5% | 10.1% |
The Verdict
Should you hold both IWF and VIG?
IWF and VIG have moderate, manageable overlap — about 15.6% of top-10 weight across 4 shared names. There is some double-up on the largest holdings, but the funds still pull in meaningfully different directions.
FAQ
IWF vs VIG overlap: common questions
How much do IWF and VIG overlap?
IWF (iShares Russell 1000 Growth) and VIG (Vanguard Dividend Appreciation) overlap by approximately 15.6% of weight based on their top-10 holdings, with 54.0% sector overlap. They share 4 top-10 holdings: AVGO, AAPL, MSFT, LLY.
What stocks do IWF and VIG both hold?
Both IWF and VIG hold Broadcom Inc (AVGO), Apple Inc (AAPL), Microsoft Corp (MSFT), Eli Lilly and Company (LLY) among their top positions. These shared names account for the 15.6% weight overlap.
Is it worth holding both IWF and VIG?
IWF and VIG have moderate, manageable overlap — about 15.6% of top-10 weight across 4 shared names. There is some double-up on the largest holdings, but the funds still pull in meaningfully different directions.
What is the difference between IWF and VIG?
IWF is a large-cap growth fund (US Large-Cap Growth, 0.19% expense ratio) and VIG is a dividend fund (US Dividend, 0.05% expense ratio). IWF's top 10 is 62.2% of the fund; VIG's is 32.4%.
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