Guardfolio Research · ETF Overlap
VIG vs VTI Overlap: 39.1% of Weight in Shared Holdings
VIG (Vanguard Dividend Appreciation) and VTI (Vanguard Total Stock Market) overlap by 39.1% of normalized weight through 332 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 VTI overlap heavily: 39.1% of normalized fund weight is shared across 332 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 VTI 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; VTI 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VIG weight | VTI weight | Shared (min) |
|---|---|---|---|
| Apple Inc (AAPL) | 4.47% | 6.30% | 4.47% |
| Microsoft Corp (MSFT) | 4.35% | 4.79% | 4.35% |
| Broadcom Inc (AVGO) | 4.65% | 2.56% | 2.56% |
| Eli Lilly & Co (LLY) | 3.94% | 1.35% | 1.35% |
| JPMorgan Chase & Co (JPM) | 4.09% | 1.31% | 1.31% |
| ExxonMobil Holdings Corp (XOM) | 2.80% | 0.89% | 0.89% |
| Johnson & Johnson (JNJ) | 2.68% | 0.86% | 0.86% |
| Visa Inc (V) | 2.46% | 0.83% | 0.83% |
| Walmart Inc (WMT) | 2.12% | 0.68% | 0.68% |
| Mastercard Inc (MA) | 2.01% | 0.63% | 0.63% |
| AbbVie Inc (ABBV) | 1.92% | 0.62% | 0.62% |
| Costco Wholesale Corp (COST) | 1.83% | 0.59% | 0.59% |
| Cisco Systems Inc (CSCO) | 1.99% | 0.57% | 0.57% |
| Bank of America Corp (BAC) | 1.75% | 0.55% | 0.55% |
| UnitedHealth Group Inc (UNH) | 1.63% | 0.52% | 0.52% |
| Caterpillar Inc (CAT) | 1.63% | 0.52% | 0.52% |
| Lam Research Corp (LRCX) | 1.59% | 0.51% | 0.51% |
| Procter & Gamble Co/The (PG) | 1.46% | 0.47% | 0.47% |
| Home Depot Inc/The (HD) | 1.43% | 0.46% | 0.46% |
| Merck & Co Inc (MRK) | 1.40% | 0.45% | 0.45% |
| Total full-holdings overlap | 100.0% | 41.3% | 39.1% |
Showing the 20 largest contributors of 332 shared securities. The total uses every shared security.
The 39.1% 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; VTI is dated 2026-08-24 with 99.908% retained coverage.
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Sector Picture
VIG vs VTI: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (77.0% combined sector overlap).
| Sector | VIG | VTI |
|---|---|---|
| Technology | 26.5% | 30.9% |
| Financial Services | 22.5% | 13.0% |
| Industrials | 11.5% | 9.8% |
| Healthcare | 14.5% | 9.6% |
| Consumer Discretionary | 5.3% | 10.4% |
| Consumer Staples | 10.1% | 5.2% |
The Verdict
Should you hold both VIG and VTI?
VIG and VTI overlap heavily: 39.1% of normalized fund weight is shared across 332 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 VTI overlap: common questions
How much do VIG and VTI overlap?
VIG (Vanguard Dividend Appreciation) and VTI (Vanguard Total Stock Market) overlap by approximately 39.1% of normalized weight across their licensed full holdings. They share 332 securities; the largest contributors include AAPL, MSFT, AVGO, LLY, JPM, XOM, JNJ, V. The separately dated sector reference shows 77.0% overlap.
What stocks do VIG and VTI both hold?
Both VIG and VTI 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 39.1% weight overlap.
Is it worth holding both VIG and VTI?
VIG and VTI overlap heavily: 39.1% of normalized fund weight is shared across 332 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 VTI?
VIG is a dividend fund (US Dividend, 0.05% expense ratio) and VTI is a total US market fund (US Total Market, 0.03% expense ratio). The dataset includes 334 VIG holdings as of 2026-08-24 and 3485 VTI holdings as of 2026-08-24.
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