VO vs VOO Overlap
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VOO is a U.S. large-cap core ETF. VO and VOO show limited overlap, with an estimated weighted overlap of 15.62%. They share 250 holdings in the loaded dataset, led by NEM, STX, and CEG.
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Quick Answer
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VOO is a U.S. large-cap core ETF. VO and VOO show limited overlap, with an estimated weighted overlap of 15.62%. They share 250 holdings in the loaded dataset, led by NEM, STX, and CEG.
- 15.62% weighted overlap across 250 shared holdings.
- The top three shared holdings explain 3.23% of the measured overlap.
- VOO is the broader fund, while VO is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- VO holdings
- Mar 12, 2026
- VOO 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
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VOO is a U.S. large-cap core ETF. VO and VOO do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like NEM, STX, and CEG.
How They Differ
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VOO is a U.S. large-cap core ETF. VOO is the broader fund, while VO is the more targeted sleeve. VO and VOO are priced very similarly on expense ratio.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 3.23% 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, VOO is usually the wider choice. If you want the more focused tilt, VO is the narrower expression. VO and VOO are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 3.23% 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 VO and VOO.
| Holding | Name | VO Wt. | VOO Wt. | Overlap |
|---|---|---|---|---|
| NEM | Newmont Corp | 1.31% | 0.21% | 0.21% |
| STX | Seagate Technology Holdings PLC | 0.93% | 0.15% | 0.15% |
| CEG | Constellation Energy Corp | 0.94% | 0.15% | 0.15% |
| WDC | Western Digital Corp | 0.91% | 0.14% | 0.14% |
| HWM | Howmet Aerospace Inc | 0.89% | 0.14% | 0.14% |
| RCL | Royal Caribbean Cruises Ltd | 0.85% | 0.14% | 0.14% |
| WMB | Williams Cos Inc/The | 0.44% | 0.14% | 0.14% |
| CRH | CRH PLC | 0.88% | 0.14% | 0.14% |
| GLW | Corning Inc | 0.85% | 0.14% | 0.14% |
| TDG | TransDigm Group Inc | 0.86% | 0.14% | 0.14% |
Why These ETFs Overlap
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VOO is a U.S. large-cap core ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NEM, STX, and CEG, which appear in both portfolios and push the overlap score higher.
Holding both VO and VOO can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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Frequently Asked Questions About VO and VOO
What is the overlap between VO and VOO?+
How many holdings do VO and VOO share?+
Is the VO and VOO overlap high?+
Why do VO and VOO overlap?+
Which ETF is broader, VO or VOO?+
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.