Guardfolio Research · ETF Overlap
VIG vs IVV Overlap: 40.2% of Weight in Shared Holdings
VIG (Vanguard Dividend Appreciation) and IVV (iShares Core S&P 500) overlap by 40.2% of normalized weight through 162 shared securities, led by AAPL, MSFT, AVGO, LLY, JPM. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
VIG and IVV overlap heavily: 40.2% of normalized fund weight is shared across 162 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification..
The Data
Exactly which securities VIG and IVV share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | VIG 2026-08-24; IVV 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VIG weight | IVV weight | Shared (min) |
|---|---|---|---|
| Apple Inc (AAPL) | 4.47% | 6.87% | 4.47% |
| Microsoft Corp (MSFT) | 4.35% | 5.43% | 4.35% |
| Broadcom Inc (AVGO) | 4.65% | 2.64% | 2.64% |
| Eli Lilly & Co (LLY) | 3.94% | 1.50% | 1.50% |
| JPMorgan Chase & Co (JPM) | 4.09% | 1.43% | 1.43% |
| ExxonMobil Holdings Corp (XOM) | 2.80% | 1.04% | 1.04% |
| Johnson & Johnson (JNJ) | 2.68% | 0.98% | 0.98% |
| Visa Inc (V) | 2.46% | 0.93% | 0.93% |
| Mastercard Inc (MA) | 2.01% | 0.71% | 0.71% |
| AbbVie Inc (ABBV) | 1.92% | 0.71% | 0.71% |
| Walmart Inc (WMT) | 2.12% | 0.69% | 0.69% |
| Cisco Systems Inc (CSCO) | 1.99% | 0.66% | 0.66% |
| Costco Wholesale Corp (COST) | 1.83% | 0.64% | 0.64% |
| Bank of America Corp (BAC) | 1.75% | 0.61% | 0.61% |
| Lam Research Corp (LRCX) | 1.59% | 0.59% | 0.59% |
| Caterpillar Inc (CAT) | 1.63% | 0.58% | 0.58% |
| Merck & Co Inc (MRK) | 1.40% | 0.57% | 0.57% |
| UnitedHealth Group Inc (UNH) | 1.63% | 0.54% | 0.54% |
| Coca-Cola Co/The (KO) | 1.47% | 0.53% | 0.53% |
| Procter & Gamble Co/The (PG) | 1.46% | 0.51% | 0.51% |
| Total full-holdings overlap | 93.6% | 43.7% | 40.2% |
Showing the 20 largest contributors of 162 shared securities. The total uses every shared security.
The 40.2% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. VIG is dated 2026-08-24 with 99.699% retained coverage; IVV is dated 2026-08-24 with 99.91% retained coverage.
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Sector Picture
VIG 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 (75.0% combined sector overlap).
| Sector | VIG | IVV |
|---|---|---|
| Technology | 26.5% | 33.1% |
| Financial Services | 22.5% | 12.2% |
| Healthcare | 14.5% | 9.3% |
| Industrials | 11.5% | 8.6% |
| Consumer Staples | 10.1% | 5.5% |
| Consumer Discretionary | 5.3% | 10.4% |
The Verdict
Should you hold both VIG and IVV?
VIG and IVV overlap heavily: 40.2% of normalized fund weight is shared across 162 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
FAQ
VIG vs IVV overlap: common questions
How much do VIG and IVV overlap?
VIG (Vanguard Dividend Appreciation) and IVV (iShares Core S&P 500) overlap by approximately 40.2% of normalized weight across their licensed full holdings. They share 162 securities; the largest contributors include AAPL, MSFT, AVGO, LLY, JPM, XOM, JNJ, V. The separately dated sector reference shows 75.0% overlap.
What stocks do VIG and IVV both hold?
Both VIG and IVV hold Apple Inc (AAPL), Microsoft Corp (MSFT), Broadcom Inc (AVGO), Eli Lilly & Co (LLY), JPMorgan Chase & Co (JPM), ExxonMobil Holdings Corp (XOM), Johnson & Johnson (JNJ), Visa Inc (V) among their top positions. These shared names account for the 40.2% weight overlap.
Is it worth holding both VIG and IVV?
VIG and IVV overlap heavily: 40.2% of normalized fund weight is shared across 162 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
What is the difference between VIG and IVV?
VIG is a dividend fund (US Dividend, 0.05% expense ratio) and IVV is an S&P 500 fund (US Large-Cap Blend, 0.03% expense ratio). The dataset includes 334 VIG holdings as of 2026-08-24 and 505 IVV holdings as of 2026-08-24.
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