SPY vs VIG: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
VIGVanguard Dividend Appreciation Index Fund
Vanguard · 332 holdings · $113.6B · as of 2026-04-30
Holdings snapshots are 98 days apart (SPY: 2026-08-06, VIG: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are SPY and VIG?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Dividend Appreciation Index Fund (VIG, by Vanguard) holds 332. They have 166 holdings in common, and by portfolio weight the two funds are 39.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 39.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 166SPY holds 504 · VIG holds 332
- Weight in Shared Holdings
- SPY 44%·VIG 92%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 SPY
338 of 504 positions (56.4% of the fund) are not held by VIG. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VIG |
|---|---|---|
| Information Technology | 37.6% | 25.5% |
| Financials | 12.3% | 20.5% |
| Health Care | 8.9% | 16.4% |
| Industrials | 8.8% | 12.1% |
| Consumer Staples | 4.5% | 10.2% |
| Other Sectors | 27.8% | 14.7% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| VIG | +2.7% | +12.5% | +21.0% | +16.3% | +10.9% | +13.2% | 1.46% |
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 SPY vs VIG →
Shared Holdings(166)
The top 10 shared positions account for 46% of the overlap, led by AAPL, MSFT and AVGO.
 AAPLApple Inc. COM | 6.92% | 4.07% | 4.07% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 5.60% | 3.97% | 3.97% |
 AVGOBroadcom Inc COM | 3.00% | 5.18% | 3.00% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 3.59% | 1.44% |
 LLYEli Lilly & Co. COM | 1.42% | 3.34% | 1.42% |
 JNJJohnson & Johnson COM | 0.93% | 2.49% | 0.93% |
 VVisa, Inc., Class A | 0.93% | 2.33% | 0.93% |
 WMTWalmart Inc COM | 0.74% | 2.60% | 0.74% |
 CSCOCisco Systems, Inc. COM | 0.72% | 1.63% | 0.72% |
 MAMasterCard Incorporated CL A | 0.70% | 1.84% | 0.70% |
 ABBVAbbVie Inc. COM | 0.65% | 1.68% | 0.65% |
 COSTCostco Wholesale Corporation COM | 0.63% | 2.03% | 0.63% |
 BACBank of America Corp. COM | 0.62% | 1.57% | 0.62% |
 CATCaterpillar Inc COM | 0.59% | 1.87% | 0.59% |
 LRCXLam Research Corporation COM NEW | 0.58% | 1.45% | 0.58% |
 UNHUnitedHealth Group Inc. COM | 0.55% | 1.51% | 0.55% |
 HDHome Depot, Inc. (The) | 0.52% | 1.47% | 0.52% |
 PGThe Procter & Gamble Co. COM | 0.52% | 1.54% | 0.52% |
 KOCoca-Cola Co (The) COM | 0.51% | 1.37% | 0.51% |
 MRKMerck & Co., Inc COM | 0.48% | 1.22% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 0.46% | 1.19% | 0.46% |
 MSMorgan Stanley COM NEW | 0.39% | 1.03% | 0.39% |
 TXNTexas Instruments Inc. COM | 0.38% | 1.15% | 0.38% |
 KLACKLA Corp. COM NEW | 0.38% | 1.03% | 0.38% |
 ORCLOracle Corp. COM | 0.37% | 1.23% | 0.37% |
Frequently Asked Questions
How much do SPY and VIG overlap?
SPY and VIG overlap by 39.0% of portfolio weight. They share 166 holdings (SPY holds 504 positions and VIG holds 332), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VIG?
The two portfolios are 39.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SPY and VIG?
The largest positions held by both funds are AAPL, MSFT, AVGO, JPM and LLY. Together the top 10 shared positions account for 46% of the total overlap.
What does SPY own that VIG doesn't?
338 positions (56.4% of SPY) are unique to SPY, led by NVDA, AMZN and GOOGL. In the other direction, 166 positions (7.8% of VIG) are unique to VIG.