Guardfolio Research · ETF Overlap
VTV vs IVV Overlap: 42.8% of Weight in Shared Holdings
VTV (Vanguard Value) and IVV (iShares Core S&P 500) overlap by 42.8% of normalized weight through 290 shared securities, led by MU, JPM, BRK-B, XOM, JNJ. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
VTV and IVV overlap heavily: 42.8% of normalized fund weight is shared across 290 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 VTV 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 | VTV 2026-08-24; IVV 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VTV weight | IVV weight | Shared (min) |
|---|---|---|---|
| Micron Technology Inc (MU) | 3.46% | 1.65% | 1.65% |
| JPMorgan Chase & Co (JPM) | 3.51% | 1.43% | 1.43% |
| Berkshire Hathaway Inc (BRK-B) | 2.99% | 1.38% | 1.38% |
| ExxonMobil Holdings Corp (XOM) | 2.40% | 1.04% | 1.04% |
| Johnson & Johnson (JNJ) | 2.30% | 0.98% | 0.98% |
| AbbVie Inc (ABBV) | 1.65% | 0.71% | 0.71% |
| Walmart Inc (WMT) | 1.82% | 0.69% | 0.69% |
| Intel Corp (INTC) | 0.68% | 0.67% | 0.67% |
| Cisco Systems Inc (CSCO) | 1.53% | 0.66% | 0.66% |
| Bank of America Corp (BAC) | 1.47% | 0.61% | 0.61% |
| Chevron Corp (CVX) | 1.39% | 0.58% | 0.58% |
| Caterpillar Inc (CAT) | 1.40% | 0.58% | 0.58% |
| Merck & Co Inc (MRK) | 1.20% | 0.57% | 0.57% |
| UnitedHealth Group Inc (UNH) | 1.40% | 0.54% | 0.54% |
| Coca-Cola Co/The (KO) | 1.12% | 0.53% | 0.53% |
| Procter & Gamble Co/The (PG) | 1.25% | 0.51% | 0.51% |
| Home Depot Inc/The (HD) | 1.23% | 0.51% | 0.51% |
| Goldman Sachs Group Inc/The (GS) | 1.06% | 0.46% | 0.46% |
| Philip Morris International Inc (PM) | 1.11% | 0.44% | 0.44% |
| RTX Corp (RTX) | 1.08% | 0.43% | 0.43% |
| Total full-holdings overlap | 97.0% | 42.9% | 42.8% |
Showing the 20 largest contributors of 290 shared securities. The total uses every shared security.
The 42.8% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. VTV is dated 2026-08-24 with 99.778% retained coverage; IVV is dated 2026-08-24 with 99.91% retained coverage.
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Sector Picture
VTV 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 (63.0% combined sector overlap).
| Sector | VTV | IVV |
|---|---|---|
| Financial Services | 21.7% | 12.2% |
| Healthcare | 14.5% | 9.3% |
| Technology | 9.1% | 33.1% |
| Industrials | 13.7% | 8.6% |
| Consumer Staples | 10.2% | 5.5% |
| Consumer Discretionary | 4.8% | 10.4% |
The Verdict
Should you hold both VTV and IVV?
VTV and IVV overlap heavily: 42.8% of normalized fund weight is shared across 290 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
VTV vs IVV overlap: common questions
How much do VTV and IVV overlap?
VTV (Vanguard Value) and IVV (iShares Core S&P 500) overlap by approximately 42.8% of normalized weight across their licensed full holdings. They share 290 securities; the largest contributors include MU, JPM, BRK-B, XOM, JNJ, ABBV, WMT, INTC. The separately dated sector reference shows 63.0% overlap.
What stocks do VTV and IVV both hold?
Both VTV and IVV hold Micron Technology Inc (MU), JPMorgan Chase & Co (JPM), Berkshire Hathaway Inc (BRK-B), ExxonMobil Holdings Corp (XOM), Johnson & Johnson (JNJ), AbbVie Inc (ABBV), Walmart Inc (WMT), Intel Corp (INTC) among their top positions. These shared names account for the 42.8% weight overlap.
Is it worth holding both VTV and IVV?
VTV and IVV overlap heavily: 42.8% of normalized fund weight is shared across 290 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 VTV and IVV?
VTV is a large-cap value fund (US Large-Cap Value, 0.04% expense ratio) and IVV is an S&P 500 fund (US Large-Cap Blend, 0.03% expense ratio). The dataset includes 309 VTV holdings as of 2026-08-24 and 505 IVV holdings as of 2026-08-24.
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