VONG vs XLG: Holdings Overlap
VONGVanguard Russell 1000 Growth Index Fund
Vanguard · 387 holdings · $45.7B · as of 2026-05-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 31 days apart (VONG: 2026-05-31, XLG: 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 VONG and XLG?
Vanguard Russell 1000 Growth Index Fund (VONG, by Vanguard) holds 387 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 33 holdings in common, and by portfolio weight the two funds are 70.0% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 70.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 33VONG holds 387 · XLG holds 51
- Weight in Shared Holdings
- VONG 76%·XLG 82%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 VONG
354 of 387 positions (24.1% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | VONG | XLG |
|---|---|---|
| Information Technology | 52.8% | 43.7% |
| Communication Services | 12.5% | 17.0% |
| Consumer Discretionary | 12.7% | 11.3% |
| Financials | 5.1% | 9.6% |
| Health Care | 6.9% | 7.0% |
| Other Sectors | 9.9% | 11.0% |
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 |
|---|---|---|---|---|---|---|---|
| VONG | +2.7% | +5.6% | +13.3% | +22.2% | +12.8% | +17.9% | 0.45% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 VONG vs XLG →
Shared Holdings(33)
The top 10 shared positions account for 81% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.07% | 13.04% | 13.04% |
|---|---|---|---|
 AAPLApple Inc. COM | 11.95% | 10.71% | 10.71% |
 MSFTMicrosoft Corp. COM | 8.96% | 8.14% | 8.14% |
 AMZNAmazon.com, Inc. COM | 5.06% | 6.96% | 5.06% |
 AVGOBroadcom Inc COM | 5.77% | 4.83% | 4.83% |
 GOOGLAlphabet Inc. CAP STK CL A | 3.91% | 6.03% | 3.91% |
 METAMeta Platforms, Inc., Class A | 3.19% | 3.60% | 3.19% |
 GOOGAlphabet Inc. CAP STK CL C | 3.15% | 4.80% | 3.15% |
 TSLATesla Inc COM | 3.48% | 2.89% | 2.89% |
 LLYEli Lilly & Co. COM | 2.67% | 1.99% | 1.99% |
 VVisa, Inc., Class A | 1.57% | 1.49% | 1.49% |
 AMDAdvanced Micro Devices Inc. COM | 1.47% | 1.55% | 1.47% |
 COSTCostco Wholesale Corporation COM | 1.28% | 1.21% | 1.21% |
 MAMasterCard Incorporated CL A | 1.20% | 1.10% | 1.10% |
 NFLXNetflix, Inc. COM | 1.10% | 1.06% | 1.06% |
 ABBVAbbVie Inc. COM | 1.16% | 1.00% | 1.00% |
 PLTRPalantir Technologies, Inc., Class A | 1.03% | 0.85% | 0.85% |
 GEGeneral Electric Co. | 1.01% | 0.82% | 0.82% |
 ORCLOracle Corp. COM | 1.15% | 0.74% | 0.74% |
 HDHome Depot, Inc. (The) | 0.73% | 0.88% | 0.73% |
 KOCoca-Cola Co (The) COM | 0.45% | 0.82% | 0.45% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.45% | 0.44% | 0.44% |
 TXNTexas Instruments Inc. COM | 0.34% | 0.69% | 0.34% |
 INTUIntuit Inc COM | 0.27% | 0.29% | 0.27% |
 ADBEAdobe Inc COM | 0.32% | 0.27% | 0.27% |
Frequently Asked Questions
How much do VONG and XLG overlap?
VONG and XLG overlap by 70.0% of portfolio weight. They share 33 holdings (VONG holds 387 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VONG and XLG?
The two portfolios are 70.0% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of VONG and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, AMZN and AVGO. Together the top 10 shared positions account for 81% of the total overlap.
What does VONG own that XLG doesn't?
354 positions (24.1% of VONG) are unique to VONG, led by LRCX, GEV and KLAC. In the other direction, 18 positions (17.2% of XLG) are unique to XLG.