Guardfolio Research · ETF Overlap
VUG vs IVV Overlap: 37.0% of Weight in Shared Holdings
VUG (Vanguard Growth) and IVV (iShares Core S&P 500) overlap by 37.0% of weight through 9 shared top-10 holdings — including NVDA, AAPL, MSFT, AMZN, GOOGL. Here is exactly which stocks duplicate, the sector picture, and whether holding both concentrates or diversifies your portfolio.
Overlap Summary
Bottom line
VUG and IVV overlap heavily — 37.0% of weight sits in the same 9 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk.
The Data
Exactly which stocks VUG and IVV 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 | VUG weight | IVV weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp. (NVDA) | 13.33% | 7.84% | 7.84% |
| Apple Inc. (AAPL) | 11.53% | 6.44% | 6.44% |
| Microsoft Corp. (MSFT) | 8.76% | 4.89% | 4.89% |
| Amazon.com, Inc. (AMZN) | 5.11% | 4.19% | 4.19% |
| Alphabet Inc. (GOOGL) | 6.49% | 3.62% | 3.62% |
| Broadcom Inc. (AVGO) | 5.20% | 3.20% | 3.20% |
| Alphabet Inc. (GOOG) | 5.11% | 2.89% | 2.89% |
| Meta Platforms, Inc. (META) | 3.88% | 2.16% | 2.16% |
| Tesla, Inc. (TSLA) | 3.12% | 1.74% | 1.74% |
| Total shared top-10 weight | 62.5% | 37.0% | 37.0% |
Weights are approximate, based on the most recent quarterly holdings. The 37.0% 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
VUG vs IVV: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (74.0% combined sector overlap).
| Sector | VUG | IVV |
|---|---|---|
| Technology | 50.5% | 33.1% |
| Consumer Discretionary | 14.3% | 10.4% |
| Communication Services | 10.7% | 8.2% |
| Financial Services | 6.6% | 12.2% |
| Healthcare | 5.5% | 9.3% |
| Industrials | 5.5% | 8.6% |
The Verdict
Should you hold both VUG and IVV?
VUG and IVV overlap heavily — 37.0% of weight sits in the same 9 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk. You are also paying two expense ratios for largely the same exposure. Treat this pair as one position, not two.
FAQ
VUG vs IVV overlap: common questions
How much do VUG and IVV overlap?
VUG (Vanguard Growth) and IVV (iShares Core S&P 500) overlap by approximately 37.0% of weight based on their top-10 holdings, with 74.0% sector overlap. They share 9 top-10 holdings: NVDA, AAPL, MSFT, AMZN, GOOGL, AVGO, GOOG, META, TSLA.
What stocks do VUG and IVV both hold?
Both VUG and IVV hold NVIDIA Corp (NVDA), Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon (AMZN), Alphabet Inc (GOOGL), Broadcom Inc (AVGO), Alphabet Inc (GOOG), Meta Platforms (META) among their top positions. These shared names account for the 37.0% weight overlap.
Is it worth holding both VUG and IVV?
VUG and IVV overlap heavily — 37.0% of weight sits in the same 9 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk. You are also paying two expense ratios for largely the same exposure. Treat this pair as one position, not two.
What is the difference between VUG and IVV?
VUG is a large-cap growth fund (US Large-Cap Growth, 0.04% expense ratio) and IVV is an S&P 500 fund (US Large-Cap Blend, 0.03% expense ratio). VUG's top 10 is 64.8% of the fund; IVV's is 38.4%.
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