SPY vs VONV: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
VONVVanguard Russell 1000 Value Index Fund
Vanguard · 865 holdings · $21.9B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPY: 2026-08-06, VONV: 2026-05-31). 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 VONV?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Russell 1000 Value Index Fund (VONV, by Vanguard) holds 865. They have 420 holdings in common, and by portfolio weight the two funds are 52.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 52.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 420SPY holds 504 · VONV holds 865
- Weight in Shared Holdings
- SPY 60%·VONV 87%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
84 of 504 positions (40.2% of the fund) are not held by VONV. Showing the top 30 by weight.
Only in VONV
445 of 865 positions (12.2% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VONV |
|---|---|---|
| Information Technology | 37.6% | 17.8% |
| Financials | 12.3% | 18.5% |
| Industrials | 8.8% | 12.7% |
| Health Care | 8.9% | 10.6% |
| Communication Services | 9.7% | 8.1% |
| Other Sectors | 22.6% | 31.8% |
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% |
| VONV | +4.0% | +23.4% | +34.7% | +19.1% | +12.1% | +11.8% | 1.52% |
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 VONV →
Shared Holdings(420)
The top 10 shared positions account for 27% of the overlap, led by GOOGL, AMZN and GOOG.
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 2.32% | 2.32% |
|---|---|---|---|
 AMZNAmazon.com, Inc. COM | 4.02% | 2.12% | 2.12% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 1.89% | 1.89% |
 MUMicron Technology Inc. COM | 1.50% | 3.22% | 1.50% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.45% | 2.60% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 2.27% | 1.44% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 1.02% | 1.02% |
 JNJJohnson & Johnson COM | 0.93% | 1.61% | 0.93% |
 WMTWalmart Inc COM | 0.74% | 1.35% | 0.74% |
 METAMeta Platforms, Inc., Class A | 1.95% | 0.73% | 0.73% |
 CSCOCisco Systems, Inc. COM | 0.72% | 1.42% | 0.72% |
 INTCIntel Corporation COM | 0.71% | 1.50% | 0.71% |
 AMATApplied Materials Inc. COM | 0.63% | 0.76% | 0.63% |
 BACBank of America Corp. COM | 0.62% | 0.93% | 0.62% |
 CATCaterpillar Inc COM | 0.59% | 1.06% | 0.59% |
 UNHUnitedHealth Group Inc. COM | 0.55% | 1.03% | 0.55% |
 CVXChevron Corp. COM | 0.53% | 1.02% | 0.53% |
 PGThe Procter & Gamble Co. COM | 0.52% | 1.00% | 0.52% |
 MRKMerck & Co., Inc COM | 0.48% | 0.88% | 0.48% |
 KOCoca-Cola Co (The) COM | 0.51% | 0.47% | 0.47% |
 GSGoldman Sachs Group, Inc. (The) | 0.46% | 0.81% | 0.46% |
 RTXRTX Corp. COM | 0.45% | 0.71% | 0.45% |
 PMPhilip Morris International Inc. COM | 0.44% | 0.82% | 0.44% |
 WFCWells Fargo & Co. COM | 0.40% | 0.71% | 0.40% |
 MSMorgan Stanley COM NEW | 0.39% | 0.70% | 0.39% |
Showing the top 250 of 420 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPY and VONV overlap?
SPY and VONV overlap by 52.9% of portfolio weight. They share 420 holdings (SPY holds 504 positions and VONV holds 865), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VONV?
The two portfolios are 52.9% 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 VONV?
The largest positions held by both funds are GOOGL, AMZN, GOOG, MU and BRK-B. Together the top 10 shared positions account for 27% of the total overlap.
What does SPY own that VONV doesn't?
84 positions (40.2% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 445 positions (12.2% of VONV) are unique to VONV.