Guardfolio Research · ETF Overlap
VIG vs VTV Overlap: 51.7% of Weight in Shared Holdings
VIG (Vanguard Dividend Appreciation) and VTV (Vanguard Value) overlap by 51.7% of normalized weight through 123 shared securities, led by JPM, XOM, JNJ, WMT, ABBV. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
VIG and VTV overlap heavily: 51.7% of normalized fund weight is shared across 123 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 VTV 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; VTV 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VIG weight | VTV weight | Shared (min) |
|---|---|---|---|
| JPMorgan Chase & Co (JPM) | 4.09% | 3.51% | 3.51% |
| ExxonMobil Holdings Corp (XOM) | 2.80% | 2.40% | 2.40% |
| Johnson & Johnson (JNJ) | 2.68% | 2.30% | 2.30% |
| Walmart Inc (WMT) | 2.12% | 1.82% | 1.82% |
| AbbVie Inc (ABBV) | 1.92% | 1.65% | 1.65% |
| Cisco Systems Inc (CSCO) | 1.99% | 1.53% | 1.53% |
| Bank of America Corp (BAC) | 1.75% | 1.47% | 1.47% |
| UnitedHealth Group Inc (UNH) | 1.63% | 1.40% | 1.40% |
| Caterpillar Inc (CAT) | 1.63% | 1.40% | 1.40% |
| Procter & Gamble Co/The (PG) | 1.46% | 1.25% | 1.25% |
| Home Depot Inc/The (HD) | 1.43% | 1.23% | 1.23% |
| Merck & Co Inc (MRK) | 1.40% | 1.20% | 1.20% |
| Coca-Cola Co/The (KO) | 1.47% | 1.12% | 1.12% |
| Goldman Sachs Group Inc/The (GS) | 1.24% | 1.06% | 1.06% |
| Morgan Stanley (MS) | 1.09% | 0.93% | 0.93% |
| Linde PLC (LIN) | 0.96% | 0.82% | 0.82% |
| International Business Machines Corp (IBM) | 0.91% | 0.78% | 0.78% |
| Amgen Inc (AMGN) | 0.90% | 0.77% | 0.77% |
| PepsiCo Inc (PEP) | 0.83% | 0.71% | 0.71% |
| Abbott Laboratories (ABT) | 0.80% | 0.69% | 0.69% |
| Total full-holdings overlap | 62.2% | 51.7% | 51.7% |
Showing the 20 largest contributors of 123 shared securities. The total uses every shared security.
The 51.7% 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; VTV is dated 2026-08-24 with 99.778% retained coverage.
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Sector Picture
VIG vs VTV: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (81.0% combined sector overlap).
| Sector | VIG | VTV |
|---|---|---|
| Financial Services | 22.5% | 21.7% |
| Healthcare | 14.5% | 14.5% |
| Industrials | 11.5% | 13.7% |
| Consumer Staples | 10.1% | 10.2% |
| Technology | 26.5% | 9.1% |
| Consumer Discretionary | 5.3% | 4.8% |
The Verdict
Should you hold both VIG and VTV?
VIG and VTV overlap heavily: 51.7% of normalized fund weight is shared across 123 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 VTV overlap: common questions
How much do VIG and VTV overlap?
VIG (Vanguard Dividend Appreciation) and VTV (Vanguard Value) overlap by approximately 51.7% of normalized weight across their licensed full holdings. They share 123 securities; the largest contributors include JPM, XOM, JNJ, WMT, ABBV, CSCO, BAC, UNH. The separately dated sector reference shows 81.0% overlap.
What stocks do VIG and VTV both hold?
Both VIG and VTV hold JPMorgan Chase & Co (JPM), ExxonMobil Holdings Corp (XOM), Johnson & Johnson (JNJ), Walmart Inc (WMT), AbbVie Inc (ABBV), Cisco Systems Inc (CSCO), Bank of America Corp (BAC), UnitedHealth Group Inc (UNH) among their top positions. These shared names account for the 51.7% weight overlap.
Is it worth holding both VIG and VTV?
VIG and VTV overlap heavily: 51.7% of normalized fund weight is shared across 123 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 VTV?
VIG is a dividend fund (US Dividend, 0.05% expense ratio) and VTV is a large-cap value fund (US Large-Cap Value, 0.04% expense ratio). The dataset includes 334 VIG holdings as of 2026-08-24 and 309 VTV holdings as of 2026-08-24.
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