VTV vs VV Overlap

Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VV is a large-cap U.S. equity ETF. VTV and VV show meaningful overlap, with an estimated weighted overlap of 43.82%. They share 312 holdings in the loaded dataset, led by BRK-B, JPM, and XOM.

43.8% overlap
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312Shared Holdings
OK
Moderate Overlap

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Quick Answer

Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VV is a large-cap U.S. equity ETF. VTV and VV show meaningful overlap, with an estimated weighted overlap of 43.82%. They share 312 holdings in the loaded dataset, led by BRK-B, JPM, and XOM.

  • 43.82% weighted overlap across 312 shared holdings.
  • The top three shared holdings explain 8.82% of the measured overlap.
  • VV is the broader fund, while VTV 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

VTV 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

VTV

Vanguard Value ETF

Issuer
Vanguard
Asset class
Large Cap Equity
Expense ratio
0.03%
AUM
$227B
Inception
Jan 26, 2004

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

Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VV is a large-cap U.S. equity ETF. VTV and VV overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as BRK-B, JPM, and XOM, which explains why the score lands at 43.82%.

02

How They Differ

Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VV is a large-cap U.S. equity ETF. VV is the broader fund, while VTV is the more targeted sleeve. VTV 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 8.82% 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, VV is usually the wider choice. If you want the more focused tilt, VTV is the narrower expression. VTV and VV are priced very similarly on expense ratio.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 8.82% 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 VTV and VV.

HoldingVTV Wt.VV Wt.Overlap
BRK-B3.04%1.46%1.46%
JPM3.25%1.38%1.38%
XOM2.42%1.03%1.03%
JNJ2.22%0.94%0.94%
WMT2.12%0.90%0.90%
MU1.89%0.80%0.80%
ABBV1.60%0.68%0.68%
HD1.51%0.64%0.64%
PG1.44%0.61%0.61%
BAC1.38%0.59%0.59%

Why These ETFs Overlap

Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VV is a large-cap U.S. equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are BRK-B, JPM, and XOM, which appear in both portfolios and push the overlap score higher.

Holding both VTV and VV 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.

Related Comparisons

Frequently Asked Questions About VTV and VV

What is the overlap between VTV and VV?+
VTV and VV currently show an estimated weighted overlap of 43.82% based on the loaded holdings data.
How many holdings do VTV and VV share?+
They share 312 holdings in the current dataset.
Is the VTV and VV overlap high?+
The current verdict is Moderate Overlap. That means the two ETFs have noticeable duplication in portfolio weight.
Why do VTV and VV overlap?+
VTV and VV overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 8.82% of the measured overlap score.
Which ETF is broader, VTV or VV?+
VV is the broader fund, while VTV 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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