SPY vs VV: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
VVVanguard Large-cap Index Fund
Vanguard · 444 holdings · $54.4B · as of 2026-03-31
Holdings snapshots are 128 days apart (SPY: 2026-08-06, VV: 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 VV?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; Vanguard Large-cap Index Fund (VV, by Vanguard) holds 444. They have 404 holdings in common, and by portfolio weight the two funds are 89.5% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 89.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 404SPY holds 504 · VV holds 444
- Weight in Shared Holdings
- SPY 96%·VV 97%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
100 of 504 positions (3.4% of the fund) are not held by VV. Showing the top 30 by weight.
Only in VV
40 of 444 positions (3.1% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | VV |
|---|---|---|
| Information Technology | 37.6% | 33.0% |
| Financials | 12.3% | 12.4% |
| Communication Services | 9.7% | 10.6% |
| Consumer Discretionary | 9.3% | 9.7% |
| Health Care | 8.9% | 9.6% |
| Other Sectors | 22.1% | 24.3% |
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% |
| VV | +3.4% | +13.8% | +23.2% | +21.5% | +13.0% | +15.4% | 0.99% |
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 VV →
Shared Holdings(404)
The top 10 shared positions account for 40% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 8.00% | 7.36% | 7.36% |
|---|---|---|---|
 AAPLApple Inc. COM | 6.92% | 6.81% | 6.81% |
 MSFTMicrosoft Corp. COM | 5.60% | 5.03% | 5.03% |
 AMZNAmazon.com, Inc. COM | 4.02% | 3.68% | 3.68% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.16% | 3.06% | 3.06% |
 AVGOBroadcom Inc COM | 3.00% | 2.68% | 2.68% |
 GOOGAlphabet Inc. CAP STK CL C | 2.54% | 2.43% | 2.43% |
 METAMeta Platforms, Inc., Class A | 1.95% | 2.29% | 1.95% |
 BRK-BBerkshire Hathaway, Inc., Class B | 1.45% | 1.54% | 1.45% |
 LLYEli Lilly & Co. COM | 1.42% | 1.43% | 1.42% |
 TSLATesla Inc COM | 1.36% | 1.91% | 1.36% |
 JPMJPMorgan Chase & Co. COM | 1.44% | 1.36% | 1.36% |
 JNJJohnson & Johnson COM | 0.93% | 1.08% | 0.93% |
 VVisa, Inc., Class A | 0.93% | 0.86% | 0.86% |
 WMTWalmart Inc COM | 0.74% | 1.00% | 0.74% |
 MAMasterCard Incorporated CL A | 0.70% | 0.73% | 0.70% |
 MUMicron Technology Inc. COM | 1.50% | 0.70% | 0.70% |
 ABBVAbbVie Inc. COM | 0.65% | 0.70% | 0.65% |
 COSTCostco Wholesale Corporation COM | 0.63% | 0.81% | 0.63% |
 AMDAdvanced Micro Devices Inc. COM | 1.20% | 0.61% | 0.61% |
 CATCaterpillar Inc COM | 0.59% | 0.60% | 0.59% |
 BACBank of America Corp. COM | 0.62% | 0.55% | 0.55% |
 PLTRPalantir Technologies, Inc., Class A | 0.54% | 0.58% | 0.54% |
 CVXChevron Corp. COM | 0.53% | 0.72% | 0.53% |
 HDHome Depot, Inc. (The) | 0.52% | 0.60% | 0.52% |
Showing the top 250 of 404 shared holdings by overlap weight.
Frequently Asked Questions
How much do SPY and VV overlap?
SPY and VV overlap by 89.5% of portfolio weight. They share 404 holdings (SPY holds 504 positions and VV holds 444), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and VV?
The two portfolios are 89.5% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of SPY and VV?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and GOOGL. Together the top 10 shared positions account for 40% of the total overlap.
What does SPY own that VV doesn't?
100 positions (3.4% of SPY) are unique to SPY, led by XOM, HON and NXPI. In the other direction, 40 positions (3.1% of VV) are unique to VV.