AVLV vs MGV: Holdings Overlap
AVLVAvantis U.S. Large Cap Value ETF
Avantis · 275 holdings · $17.9B · as of 2026-05-31
MGVVanguard Mega Cap Value Index Fund
Vanguard · 120 holdings · $13.6B · as of 2026-05-31
How similar are AVLV and MGV?
Avantis U.S. Large Cap Value ETF (AVLV, by Avantis) holds 275 positions; Vanguard Mega Cap Value Index Fund (MGV, by Vanguard) holds 120. They have 33 holdings in common, and by portfolio weight the two funds are 27.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 27.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33AVLV holds 275 · MGV holds 120
- Weight in Shared Holdings
- AVLV 37%·MGV 37%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVLV
242 of 275 positions (62.4% of the fund) are not held by MGV. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVLV | MGV |
|---|---|---|
| Financials | 17.0% | 21.6% |
| Information Technology | 16.9% | 18.0% |
| Health Care | 5.3% | 15.9% |
| Industrials | 15.8% | 13.6% |
| Consumer Discretionary | 15.0% | 3.4% |
| Other Sectors | 29.9% | 25.9% |
| Unclassified | 0.0% | 1.1% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (0% of AVLV, 1% of MGV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVLV | +3.1% | +24.5% | +37.4% | +20.9% | — | — | 1.04% |
| MGV | +1.6% | +19.3% | +30.6% | +18.7% | +13.1% | +13.0% | 1.83% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVLV vs MGV →
Shared Holdings(33)
The top 10 shared positions account for 66% of the overlap, led by MU, XOM and COST.
 MUMicron Technology Inc. COM | 4.57% | 5.26% | 4.57% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 2.58% | 2.91% | 2.58% |
 COSTCostco Wholesale Corporation COM | 2.05% | 2.04% | 2.04% |
 CATCaterpillar Inc COM | 2.52% | 1.96% | 1.96% |
 JPMJPMorgan Chase & Co. COM | 1.78% | 3.64% | 1.78% |
 MRKMerck & Co., Inc COM | 1.75% | 1.41% | 1.41% |
 MSMorgan Stanley COM NEW | 1.36% | 1.19% | 1.19% |
 AMATApplied Materials Inc. COM | 1.06% | 1.72% | 1.06% |
 WMTWalmart Inc COM | 0.89% | 2.44% | 0.89% |
 VZVerizon Communications Inc. COM | 1.64% | 0.87% | 0.87% |
 GILDGilead Sciences Inc. COM | 1.29% | 0.80% | 0.80% |
 UNPUnion Pacific Corporation COM | 1.53% | 0.75% | 0.75% |
 AXPAmerican Express Company COM | 1.01% | 0.73% | 0.73% |
 COPConocoPhillips COM | 1.17% | 0.67% | 0.67% |
 DEDeere & Company COM | 0.95% | 0.67% | 0.67% |
 WFCWells Fargo & Co. COM | 0.56% | 1.15% | 0.56% |
 PGRThe Progressive Corporation COM | 1.04% | 0.54% | 0.54% |
 QCOMQUALCOMM Inc. COM | 0.51% | 1.29% | 0.51% |
 FCXFreeport-McMoRan Inc. CL B | 0.74% | 0.45% | 0.45% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 0.44% | 0.53% | 0.44% |
 CMCSAComcast Corporation CL A | 0.74% | 0.43% | 0.43% |
 CSXCSX Corporation COM | 1.05% | 0.40% | 0.40% |
 UPSUnited Parcel Service, Inc., Class B | 0.95% | 0.38% | 0.38% |
 EOGEOG Resources Inc. COM | 0.90% | 0.34% | 0.34% |
 NSCNorfolk Southern Corporation COM | 0.71% | 0.33% | 0.33% |
Frequently Asked Questions
How much do AVLV and MGV overlap?
AVLV and MGV overlap by 27.8% of portfolio weight. They share 33 holdings (AVLV holds 275 positions and MGV holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVLV and MGV?
The two portfolios are 27.8% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of AVLV and MGV?
The largest positions held by both funds are MU, XOM, COST, CAT and JPM. Together the top 10 shared positions account for 66% of the total overlap.
What does AVLV own that MGV doesn't?
242 positions (62.4% of AVLV) are unique to AVLV, led by AMZN, AAPL and META. In the other direction, 87 positions (62.9% of MGV) are unique to MGV.