VO vs VTV Overlap
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VTV is a U.S. value equity ETF. VO and VTV show meaningful overlap, with an estimated weighted overlap of 28.19%. They share 209 holdings in the loaded dataset, led by NEM, CEG, and WDC.
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Quick Answer
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VTV is a U.S. value equity ETF. VO and VTV show meaningful overlap, with an estimated weighted overlap of 28.19%. They share 209 holdings in the loaded dataset, led by NEM, CEG, and WDC.
- 28.19% weighted overlap across 209 shared holdings.
- The top three shared holdings explain 4.25% of the measured overlap.
- VO and VTV 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
- VO holdings
- Mar 12, 2026
- VTV 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
What Stands Out In This Comparison
What This Means
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VTV is a U.S. value equity ETF. VO and VTV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as NEM, CEG, and WDC, which explains why the score lands at 28.19%.
How They Differ
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VTV is a U.S. value equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VO and VTV 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 4.25% 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
Because VO and VTV are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VO and VTV are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 4.25% 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 VTV.
| Holding | Name | VO Wt. | VTV Wt. | Overlap |
|---|---|---|---|---|
| NEM | Newmont Corp | 1.31% | 0.50% | 0.50% |
| CEG | Constellation Energy Corp | 0.94% | 0.35% | 0.35% |
| WDC | Western Digital Corp | 0.91% | 0.35% | 0.35% |
| WMB | Williams Cos Inc/The | 0.44% | 0.33% | 0.33% |
| CRH | CRH PLC | 0.88% | 0.33% | 0.33% |
| CMI | Cummins Inc | 0.85% | 0.32% | 0.32% |
| GLW | Corning Inc | 0.85% | 0.32% | 0.32% |
| GM | General Motors Co | 0.84% | 0.32% | 0.32% |
| JCI | Johnson Controls International plc | 0.39% | 0.29% | 0.29% |
| SLB | SLB Ltd | 0.77% | 0.29% | 0.29% |
Why These ETFs Overlap
Both funds come from Vanguard. VO is a mid-cap U.S. equity ETF, while VTV is a U.S. value equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NEM, CEG, and WDC, which appear in both portfolios and push the overlap score higher.
Holding both VO 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 VO and VTV
What is the overlap between VO and VTV?+
How many holdings do VO and VTV share?+
Is the VO and VTV overlap high?+
Why do VO and VTV overlap?+
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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.