SPY vs VTWO: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · as of 2026-05-31
Holdings snapshots are 67 days apart (SPY: 2026-08-06, VTWO: 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 VTWO?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952. They have 1 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1SPY holds 504 · VTWO holds 1952
- Weight in Shared Holdings
- SPY 0%·VTWO 1%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
503 of 504 positions (99.9% of the fund) are not held by VTWO. Showing the top 30 by weight.
Only in VTWO
1951 of 1952 positions (99.2% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VTWO |
|---|---|---|
| Information Technology | 37.6% | 17.8% |
| Industrials | 8.8% | 19.4% |
| Health Care | 8.9% | 15.5% |
| Financials | 12.3% | 14.3% |
| Communication Services | 9.7% | 2.5% |
| Other Sectors | 22.6% | 25.5% |
| Unclassified | 0.0% | 4.8% |
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. “Unclassified” is weight we could not classify (0% of SPY, 5% of VTWO).
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% |
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
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 VTWO →
Shared Holdings(1)
 ECHOEchoStar Corp., Class A | 0.02% | 0.51% | 0.02% |
|---|
Frequently Asked Questions
How much do SPY and VTWO overlap?
SPY and VTWO overlap by 0.0% of portfolio weight. They share 1 holdings (SPY holds 504 positions and VTWO holds 1952), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VTWO?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPY and VTWO?
The largest positions held by both funds are ECHO. Together the top 1 shared positions account for 89% of the total overlap.
What does SPY own that VTWO doesn't?
503 positions (99.9% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 1951 positions (99.2% of VTWO) are unique to VTWO.