SPLG is a U.S. large-cap core ETF from SPDR, while VUG is a U.S. growth equity ETF from Vanguard. SPLG and VUG show heavy overlap, with an estimated weighted overlap of 59.07%. They share 117 holdings in the loaded dataset, led by NVDA, MSFT, and AAPL.
Freshly computed.
Quick Answer
SPLG is a U.S. large-cap core ETF from SPDR, while VUG is a U.S. growth equity ETF from Vanguard. SPLG and VUG show heavy overlap, with an estimated weighted overlap of 59.07%. They share 117 holdings in the loaded dataset, led by NVDA, MSFT, and AAPL.
Data Freshness
Review the methodology for the overlap formula and refresh policy.
Compare another pair
SPLG is a U.S. large-cap core ETF from SPDR, while VUG is a U.S. growth equity ETF from Vanguard. SPLG and VUG share a large chunk of the same portfolio weight. The overlap is driven by positions like NVDA, MSFT, and AAPL, so owning both may not diversify your stock exposure as much as the fund names suggest.
SPLG is a U.S. large-cap core ETF from SPDR, while VUG is a U.S. growth equity ETF from Vanguard. SPLG is the broader fund, while VUG is the more targeted sleeve. SPLG and VUG are priced very similarly on expense ratio.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 37.62% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, SPLG is usually the wider choice. If you want the more focused tilt, VUG is the narrower expression. SPLG and VUG are priced very similarly on expense ratio.
Concentration
The top three shared holdings explain 37.62% 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.
These are the holdings contributing the most to the overlap score between SPLG and VUG.
| Holding | Name | SPLG Wt. | VUG Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | 8.58% | 13.31% | 8.58% |
| MSFT | MICROSOFT CORP | 6.84% | 9.09% | 6.84% |
| AAPL | APPLE INC | 6.80% | 12.32% | 6.80% |
| AMZN | AMAZON.COM INC | 3.80% | 4.59% | 3.80% |
| AVGO | BROADCOM INC | 3.08% | 4.40% | 3.08% |
| META | META PLATFORMS INC CLASS A | 2.77% | 4.15% | 2.77% |
| GOOGL | ALPHABET INC CL A | 2.71% | 5.54% | 2.71% |
| TSLA | TESLA INC | 2.20% | 3.47% | 2.20% |
| GOOG | ALPHABET INC CL C | 2.18% | 4.39% | 2.18% |
| LLY | ELI LILLY + CO | 1.10% | 2.60% | 1.10% |
SPLG is a U.S. large-cap core ETF from SPDR, while VUG is a U.S. growth 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, MSFT, and AAPL, which appear in both portfolios and push the overlap score higher.
Holding both SPLG and VUG may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
Go deeper
Portwise gives you full portfolio diagnostics — concentration risk, hidden risk scoring, drawdown analysis, and risk evolution tracking. Free to start.
Stay informed
Portfolio overlap alerts, new comparison data, and investing insights from the CG Corp team. No spam, unsubscribe anytime.
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.