Guardfolio Research · ETF Overlap
VIG vs VOO Overlap: 41.2% of Weight in Shared Holdings
VIG (Vanguard Dividend Appreciation) and VOO (Vanguard S&P 500) overlap by 41.2% of normalized weight through 170 shared securities, led by AAPL, MSFT, AVGO, JPM, LLY. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
VIG and VOO overlap heavily: 41.2% of normalized fund weight is shared across 170 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 VOO 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; VOO 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VIG weight | VOO weight | Shared (min) |
|---|---|---|---|
| Apple Inc (AAPL) | 4.47% | 7.05% | 4.47% |
| Microsoft Corp (MSFT) | 4.35% | 5.37% | 4.35% |
| Broadcom Inc (AVGO) | 4.65% | 2.87% | 2.87% |
| JPMorgan Chase & Co (JPM) | 4.09% | 1.47% | 1.47% |
| Eli Lilly & Co (LLY) | 3.94% | 1.41% | 1.41% |
| ExxonMobil Holdings Corp (XOM) | 2.80% | 1.00% | 1.00% |
| Johnson & Johnson (JNJ) | 2.68% | 0.96% | 0.96% |
| Visa Inc (V) | 2.46% | 0.93% | 0.93% |
| Walmart Inc (WMT) | 2.12% | 0.76% | 0.76% |
| Mastercard Inc (MA) | 2.01% | 0.72% | 0.72% |
| Cisco Systems Inc (CSCO) | 1.99% | 0.71% | 0.71% |
| AbbVie Inc (ABBV) | 1.92% | 0.69% | 0.69% |
| Costco Wholesale Corp (COST) | 1.83% | 0.66% | 0.66% |
| Bank of America Corp (BAC) | 1.75% | 0.63% | 0.63% |
| UnitedHealth Group Inc (UNH) | 1.63% | 0.59% | 0.59% |
| Caterpillar Inc (CAT) | 1.63% | 0.58% | 0.58% |
| Lam Research Corp (LRCX) | 1.59% | 0.57% | 0.57% |
| Coca-Cola Co/The (KO) | 1.47% | 0.53% | 0.53% |
| Procter & Gamble Co/The (PG) | 1.46% | 0.52% | 0.52% |
| Home Depot Inc/The (HD) | 1.43% | 0.51% | 0.51% |
| Total full-holdings overlap | 95.7% | 44.8% | 41.2% |
Showing the 20 largest contributors of 170 shared securities. The total uses every shared security.
The 41.2% 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; VOO is dated 2026-08-24 with 99.945% retained coverage.
See your real VIG + VOO overlap
Most portfolios hold more than two ETFs. Connect your accounts and see how VIG, VOO, and every other fund you own actually stack — across all brokerages.
7-day free trial · cancel anytime · the 2-ETF tool requires no signup
Sector Picture
VIG vs VOO: 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 | VOO |
|---|---|---|
| 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 VOO?
VIG and VOO overlap heavily: 41.2% of normalized fund weight is shared across 170 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 VOO overlap: common questions
How much do VIG and VOO overlap?
VIG (Vanguard Dividend Appreciation) and VOO (Vanguard S&P 500) overlap by approximately 41.2% of normalized weight across their licensed full holdings. They share 170 securities; the largest contributors include AAPL, MSFT, AVGO, JPM, LLY, XOM, JNJ, V. The separately dated sector reference shows 75.0% overlap.
What stocks do VIG and VOO both hold?
Both VIG and VOO hold Apple Inc (AAPL), Microsoft Corp (MSFT), Broadcom Inc (AVGO), JPMorgan Chase & Co (JPM), Eli Lilly & Co (LLY), ExxonMobil Holdings Corp (XOM), Johnson & Johnson (JNJ), Visa Inc (V) among their top positions. These shared names account for the 41.2% weight overlap.
Is it worth holding both VIG and VOO?
VIG and VOO overlap heavily: 41.2% of normalized fund weight is shared across 170 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 VOO?
VIG is a dividend fund (US Dividend, 0.05% expense ratio) and VOO 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 506 VOO holdings as of 2026-08-24.
Related Pages