VUG vs XLG: Holdings Overlap
Vanguard · 153 holdings · $229.6B · as of 2026-03-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (VUG: 2026-03-31, 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 VUG and XLG?
Vanguard Growth Index Fund (VUG, by Vanguard) holds 153 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 25 holdings in common, and by portfolio weight the two funds are 69.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 69.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25VUG holds 153 · XLG holds 51
- Weight in Shared Holdings
- VUG 76%·XLG 75%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 VUG
128 of 153 positions (23.7% of the fund) are not held by XLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | VUG | XLG |
|---|---|---|
| Information Technology | 51.9% | 43.7% |
| Communication Services | 16.5% | 17.0% |
| Consumer Discretionary | 12.5% | 11.3% |
| Financials | 4.7% | 9.6% |
| Health Care | 5.4% | 7.0% |
| Other Sectors | 9.0% | 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 |
|---|---|---|---|---|---|---|---|
| VUG | +4.1% | +10.2% | +18.2% | +24.1% | +13.0% | +17.8% | 0.38% |
| 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 VUG vs XLG →
Shared Holdings(25)
The top 10 shared positions account for 85% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.31% | 13.04% | 13.04% |
|---|---|---|---|
 AAPLApple Inc. COM | 12.32% | 10.71% | 10.71% |
 MSFTMicrosoft Corp. COM | 9.09% | 8.14% | 8.14% |
 GOOGLAlphabet Inc. CAP STK CL A | 5.54% | 6.03% | 5.54% |
 AMZNAmazon.com, Inc. COM | 4.59% | 6.96% | 4.59% |
 AVGOBroadcom Inc COM | 4.40% | 4.83% | 4.40% |
 GOOGAlphabet Inc. CAP STK CL C | 4.39% | 4.80% | 4.39% |
 METAMeta Platforms, Inc., Class A | 4.15% | 3.60% | 3.60% |
 TSLATesla Inc COM | 3.47% | 2.89% | 2.89% |
 LLYEli Lilly & Co. COM | 2.60% | 1.99% | 1.99% |
 VVisa, Inc., Class A | 1.65% | 1.49% | 1.49% |
 COSTCostco Wholesale Corporation COM | 1.48% | 1.21% | 1.21% |
 AMDAdvanced Micro Devices Inc. COM | 1.11% | 1.55% | 1.11% |
 MAMasterCard Incorporated CL A | 1.33% | 1.10% | 1.10% |
 NFLXNetflix, Inc. COM | 1.36% | 1.06% | 1.06% |
 PLTRPalantir Technologies, Inc., Class A | 1.07% | 0.85% | 0.85% |
 ORCLOracle Corp. COM | 0.85% | 0.74% | 0.74% |
 MCDMcDonald's Corp. COM | 0.75% | 0.56% | 0.56% |
 GEGeneral Electric Co. | 0.48% | 0.82% | 0.48% |
 ISRGIntuitive Surgical Inc. COM NEW | 0.56% | 0.44% | 0.44% |
 TXNTexas Instruments Inc. COM | 0.31% | 0.69% | 0.31% |
 INTUIntuit Inc COM | 0.41% | 0.29% | 0.29% |
 CRMSalesforce Inc. COM | 0.29% | 0.45% | 0.29% |
 ADBEAdobe Inc COM | 0.34% | 0.27% | 0.27% |
 NOWServicenow Inc COM | 0.38% | 0.25% | 0.25% |
Frequently Asked Questions
How much do VUG and XLG overlap?
VUG and XLG overlap by 69.8% of portfolio weight. They share 25 holdings (VUG holds 153 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VUG and XLG?
The two portfolios are 69.8% 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 VUG and XLG?
The largest positions held by both funds are NVDA, AAPL, MSFT, GOOGL and AMZN. Together the top 10 shared positions account for 85% of the total overlap.
What does VUG own that XLG doesn't?
128 positions (23.7% of VUG) are unique to VUG, led by LRCX, GEV and KLAC. In the other direction, 26 positions (24.8% of XLG) are unique to XLG.