IVV vs VV Overlap

IVV is a U.S. large-cap core ETF from IShares, while VV is a large-cap U.S. equity ETF from Vanguard. IVV and VV show very heavy overlap, with an estimated weighted overlap of 91.95%. They share 387 holdings in the loaded dataset, led by NVDA, AAPL, and MSFT.

92.0% overlap
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387Shared Holdings
OK
Very High Overlap

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Quick Answer

IVV is a U.S. large-cap core ETF from IShares, while VV is a large-cap U.S. equity ETF from Vanguard. IVV and VV show very heavy overlap, with an estimated weighted overlap of 91.95%. They share 387 holdings in the loaded dataset, led by NVDA, AAPL, and MSFT.

  • 91.95% weighted overlap across 387 shared holdings.
  • The top three shared holdings explain 21.09% of the measured overlap.
  • IVV and VV are closer in breadth than a broad-vs-niche ETF pair.
  • 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

IVV holdings
Mar 12, 2026
VV holdings
Mar 12, 2026
Overlap computed
Mar 15, 2026
Data source
Financial Modeling Prep

Review the methodology for the overlap formula and refresh policy.

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About These ETFs

ETF A

IVV

iShares Core S&P 500 ETF

Issuer
IShares
Asset class
Equity
Expense ratio
0.03%
AUM
$733B
Inception
May 15, 2000

ETF B

VV

Vanguard Large-Cap ETF

Issuer
Vanguard
Asset class
Large Cap Equity
Expense ratio
0.03%
AUM
$68B
Inception
Jan 27, 2004

What Stands Out In This Comparison

01

What This Means

IVV is a U.S. large-cap core ETF from IShares, while VV is a large-cap U.S. equity ETF from Vanguard. IVV and VV are closely aligned. A large share of their portfolio weight is invested in the same companies, especially NVDA, AAPL, and MSFT, which means holding both is likely to feel similar to increasing the size of one core position.

02

How They Differ

IVV is a U.S. large-cap core ETF from IShares, while VV is a large-cap U.S. equity ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. IVV and VV are priced very similarly on expense ratio.

03

What Drives The Overlap

The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 21.09% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.

04

When One May Fit Better

Because IVV and VV are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. IVV and VV are priced very similarly on expense ratio.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 21.09% 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 IVV and VV.

HoldingIVV Wt.VV Wt.Overlap
NVDA7.73%7.60%7.60%
AAPL6.64%6.60%6.60%
MSFT5.19%5.51%5.19%
AMZN3.59%3.96%3.59%
GOOGL3.08%3.36%3.08%
AVGO2.79%2.69%2.69%
GOOG2.46%2.70%2.46%
META2.45%2.69%2.45%
TSLA1.93%2.10%1.93%
BRK-B1.56%1.46%1.46%

Why These ETFs Overlap

IVV is a U.S. large-cap core ETF from IShares, while VV is a large-cap U.S. 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 NVDA, AAPL, and MSFT, which appear in both portfolios and push the overlap score higher.

Holding both IVV and VV is usually redundant unless you have a very specific reason to tilt toward their shared holdings. In most cases, one ETF is enough.

Related Comparisons

Frequently Asked Questions About IVV and VV

What is the overlap between IVV and VV?+
IVV and VV currently show an estimated weighted overlap of 91.95% based on the loaded holdings data.
How many holdings do IVV and VV share?+
They share 387 holdings in the current dataset.
Is the IVV and VV overlap high?+
The current verdict is Very High Overlap. That means the two ETFs have substantial duplication in portfolio weight.
Why do IVV and VV overlap?+
IVV and VV overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 21.09% of the measured overlap score.
Which ETF is broader, IVV or VV?+
IVV and VV look closer in breadth than a broad-vs-niche pair, so the main difference is more about strategy and weighting than simple market coverage.

How Overlap Is Calculated

A straightforward approach used by portfolio analysts.

Overlap = sum(min(Weight_A, Weight_B)) for each shared holding

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.

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