DIA vs VTV Overlap
DIA is an industrials ETF from SPDR, while VTV is a U.S. value equity ETF from Vanguard. DIA and VTV show meaningful overlap, with an estimated weighted overlap of 23.45%. They share 21 holdings in the loaded dataset, led by JPM, JNJ, and WMT.
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Quick Answer
DIA is an industrials ETF from SPDR, while VTV is a U.S. value equity ETF from Vanguard. DIA and VTV show meaningful overlap, with an estimated weighted overlap of 23.45%. They share 21 holdings in the loaded dataset, led by JPM, JNJ, and WMT.
- 23.45% weighted overlap across 21 shared holdings.
- The top three shared holdings explain 30.18% of the measured overlap.
- VTV is the broader fund, while DIA is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- DIA holdings
- Mar 12, 2026
- VTV holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
DIA is an industrials ETF from SPDR, while VTV is a U.S. value equity ETF from Vanguard. DIA and VTV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as JPM, JNJ, and WMT, which explains why the score lands at 23.45%.
How They Differ
DIA is an industrials ETF from SPDR, while VTV is a U.S. value equity ETF from Vanguard. VTV is the broader fund, while DIA is the more targeted sleeve. VTV has the lower expense ratio, while DIA charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 30.18% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
If you want the broader portfolio building block, VTV is usually the wider choice. If you want the more focused tilt, DIA is the narrower expression. VTV has the lower expense ratio, while DIA charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 30.18% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between DIA and VTV.
| Holding | Name | DIA Wt. | VTV Wt. | Overlap |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE + CO | 3.72% | 3.25% | 3.25% |
| JNJ | JOHNSON + JOHNSON | 3.14% | 2.22% | 2.22% |
| WMT | WALMART INC | 1.61% | 2.12% | 1.61% |
| HD | HOME DEPOT INC | 4.60% | 1.51% | 1.51% |
| PG | PROCTER + GAMBLE CO/THE | 2.01% | 1.44% | 1.44% |
| CVX | CHEVRON CORP | 2.40% | 1.37% | 1.37% |
| CAT | CATERPILLAR INC | 9.23% | 1.25% | 1.25% |
| IBM | INTL BUSINESS MACHINES CORP | 3.22% | 1.16% | 1.16% |
| MRK | MERCK + CO. INC. | 1.51% | 1.11% | 1.11% |
| GS | GOLDMAN SACHS GROUP INC | 10.74% | 1.10% | 1.10% |
Why These ETFs Overlap
DIA is an industrials ETF from SPDR, while VTV is a U.S. value equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are JPM, JNJ, and WMT, which appear in both portfolios and push the overlap score higher.
Holding both DIA and VTV can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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Frequently Asked Questions About DIA and VTV
What is the overlap between DIA and VTV?+
How many holdings do DIA and VTV share?+
Is the DIA and VTV overlap high?+
Why do DIA and VTV overlap?+
Which ETF is broader, DIA or VTV?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.