SPY vs VUG: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Vanguard · 153 holdings · $229.6B · as of 2026-03-31
Holdings snapshots are 128 days apart (SPY: 2026-08-06, VUG: 2026-03-31). 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 VUG?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Growth Index Fund (VUG, by Vanguard) holds 153. They have 127 holdings in common, and by portfolio weight the two funds are 57.1% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 57.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 127SPY holds 504 · VUG holds 153
- Weight in Shared Holdings
- SPY 58%·VUG 98%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
377 of 504 positions (42.3% of the fund) are not held by VUG. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VUG |
|---|---|---|
| Information Technology | 37.6% | 51.9% |
| Communication Services | 9.7% | 16.5% |
| Consumer Discretionary | 9.3% | 12.5% |
| Financials | 12.3% | 4.7% |
| Health Care | 8.9% | 5.4% |
| Other Sectors | 22.1% | 9.0% |
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% |
| VUG | +4.1% | +10.2% | +18.2% | +24.1% | +13.0% | +17.8% | 0.38% |
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 VUG →
Shared Holdings(127)
The top 10 shared positions account for 66% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.00% | 13.31% | 8.00% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.92% | 12.32% | 6.92% |
 MSFTMicrosoft Corp. COM | 5.60% | 9.09% | 5.60% |
 AMZNAmazon.com, Inc. COM | 4.02% | 4.59% | 4.02% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 5.54% | 3.16% |
 AVGOBroadcom Inc COM | 3.00% | 4.40% | 3.00% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 4.39% | 2.54% |
 METAMeta Platforms, Inc., Class A | 1.95% | 4.15% | 1.95% |
 LLYEli Lilly & Co. COM | 1.42% | 2.60% | 1.42% |
 TSLATesla Inc COM | 1.36% | 3.47% | 1.36% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 1.11% | 1.11% |
 VVisa, Inc., Class A | 0.93% | 1.65% | 0.93% |
 MAMasterCard Incorporated CL A | 0.70% | 1.33% | 0.70% |
 COSTCostco Wholesale Corporation COM | 0.63% | 1.48% | 0.63% |
 LRCXLam Research Corporation COM NEW | 0.58% | 0.90% | 0.58% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 1.07% | 0.54% |
 GEGeneral Electric Co. | 0.59% | 0.48% | 0.48% |
 NFLXNetflix, Inc. COM | 0.47% | 1.36% | 0.47% |
 AMATApplied Materials Inc. COM | 0.63% | 0.47% | 0.47% |
 PANWPalo Alto Networks Inc COM | 0.44% | 0.45% | 0.44% |
 GEVGE Vernova Inc. COM | 0.41% | 0.80% | 0.41% |
 KLACKLA Corp. COM NEW | 0.38% | 0.66% | 0.38% |
 ORCLOracle Corp. COM | 0.37% | 0.85% | 0.37% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.32% | 0.32% | 0.32% |
 APHAmphenol Corporation CL A | 0.32% | 0.53% | 0.32% |
Frequently Asked Questions
How much do SPY and VUG overlap?
SPY and VUG overlap by 57.1% of portfolio weight. They share 127 holdings (SPY holds 504 positions and VUG holds 153), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VUG?
The two portfolios are 57.1% 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 VUG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 66% of the total overlap.
What does SPY own that VUG doesn't?
377 positions (42.3% of SPY) are unique to SPY, led by MU, BRK-B and JPM. In the other direction, 26 positions (2.0% of VUG) are unique to VUG.