SPLG vs VT Overlap

SPLG is a U.S. large-cap core ETF from SPDR, while VT is an equity ETF from Vanguard. SPLG and VT show heavy overlap, with an estimated weighted overlap of 53.68%. They share 497 holdings in the loaded dataset, led by NVDA, AAPL, and MSFT.

53.7% overlap
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497Shared Holdings
OK
High Overlap

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Quick Answer

SPLG is a U.S. large-cap core ETF from SPDR, while VT is an equity ETF from Vanguard. SPLG and VT show heavy overlap, with an estimated weighted overlap of 53.68%. They share 497 holdings in the loaded dataset, led by NVDA, AAPL, and MSFT.

  • 53.68% weighted overlap across 497 shared holdings.
  • The top three shared holdings explain 19.64% of the measured overlap.
  • VT is the broader fund, while SPLG 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

SPLG holdings
Mar 12, 2026
VT 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

SPLG

SPDR Portfolio S&P 500 ETF

Issuer
SPDR
Asset class
Equity
Expense ratio
0.02%
AUM
$96B
Inception
Nov 7, 2005

ETF B

VT

Vanguard Total World Stock ETF

Issuer
Vanguard
Asset class
Global Equity
Expense ratio
0.06%
AUM
$81B
Inception
Jun 24, 2008

What Stands Out In This Comparison

01

What This Means

SPLG is a U.S. large-cap core ETF from SPDR, while VT is an equity ETF from Vanguard. SPLG and VT share a large chunk of the same portfolio weight. The overlap is driven by positions like NVDA, AAPL, and MSFT, so owning both may not diversify your stock exposure as much as the fund names suggest.

02

How They Differ

SPLG is a U.S. large-cap core ETF from SPDR, while VT is an equity ETF from Vanguard. VT is the broader fund, while SPLG is the more targeted sleeve. SPLG has the lower expense ratio, while VT charges more for its exposure.

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 19.64% 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

If you want the broader portfolio building block, VT is usually the wider choice. If you want the more focused tilt, SPLG is the narrower expression. SPLG has the lower expense ratio, while VT charges more for its exposure.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 19.64% 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 SPLG and VT.

HoldingSPLG Wt.VT Wt.Overlap
NVDA8.34%4.12%4.12%
AAPL6.79%3.48%3.48%
MSFT6.85%2.94%2.94%
AMZN3.78%2.12%2.12%
GOOGL2.64%1.82%1.82%
GOOG2.13%1.47%1.47%
META2.77%1.44%1.44%
AVGO2.98%1.41%1.41%
TSLA2.20%1.12%1.12%
LLY1.11%0.77%0.77%

Why These ETFs Overlap

SPLG is a U.S. large-cap core ETF from SPDR, while VT is an 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 SPLG and VT may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.

Related Comparisons

Frequently Asked Questions About SPLG and VT

What is the overlap between SPLG and VT?+
SPLG and VT currently show an estimated weighted overlap of 53.68% based on the loaded holdings data.
How many holdings do SPLG and VT share?+
They share 497 holdings in the current dataset.
Is the SPLG and VT overlap high?+
The current verdict is High Overlap. That means the two ETFs have substantial duplication in portfolio weight.
Why do SPLG and VT overlap?+
SPLG and VT overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 19.64% of the measured overlap score.
Which ETF is broader, SPLG or VT?+
VT is the broader fund, while SPLG is the more targeted sleeve. That does not automatically make one better, but it helps explain why the pair can overlap while still serving different roles.

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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