Home ETF Overlap VV vs SPY

ETF Overlap Tool: VV vs SPY

Compare portfolio holdings overlap, tech concentration risk, and expense ratio differences between Vanguard Large-Cap Index Fund ETF Shares (VV) and SPDR S&P 500 ETF Trust (SPY).

Start tracking portfolio

Connect your brokerage and see your actual compounding, dividends, and full ETF overlap — automatically.
ETF Overlap Overview & Key Metrics
VV (540 Total) SPY (503 Total) ONLY IN VV 2 Stocks (53.6% Weight) HIGH HOLDINGS OVERLAP 47 Shared Stocks (83.2%) 59.5% Weight Duplication ONLY IN SPY 2 Stocks (53.6% Weight)
Overlap by Weight
59.5%
⚡ Near Identical Large-Cap Overlap
Expense Ratio Gap
0.04% vs 0.095%
VV is 2.4x cheaper than SPY
Unique Holdings
419 vs 2 Stocks
~0.0% Weight Difference
Sector Allocation Breakdown
Information Technology
38.78%
Financials
11.52%
Communication Services
10.05%
Consumer Discretionary
9.18%
Healthcare
8.98%
Industrials
8.86%
Consumer Staples
4.45%
Energy
3.03%
Utilities
2.05%
Real Estate
1.57%
Materials
1.54%
Information Technology
38.82%
Financials
12.09%
Communication Services
9.57%
Healthcare
9.3%
Consumer Discretionary
9.14%
Industrials
7.73%
Consumer Staples
4.42%
Energy
3.47%
Utilities
2.01%
Real Estate
1.79%
Materials
1.66%

Want to check your entire portfolio for hidden ETF overlap & model future allocation?

Connect your brokerage account to automatically analyze compounding and overlap, or use Portfolio Lab to model and backtest custom ETF allocations with real historical data.

Stock Holdings Breakdown (VV vs SPY)

51 Assets
Asset Sector VV Weight SPY Weight Combined (50/50) Status

VV vs SPY: Portfolio Overlap & Investment Strategy Guide

When evaluating Vanguard Large-Cap Index Fund ETF Shares (VV) versus SPDR S&P 500 ETF Trust (SPY), investors are comparing two distinct ETF strategies. VV holds 540 total assets while SPY contains 503 total assets. Across both portfolios, they share 47 common stock holdings, representing a 59.5% portfolio overlap by weight.

Sector Concentration & Shared Stock Holdings

While both funds invest in equity markets, their internal sector allocations create meaningful differences in portfolio performance and volatility:

  • Primary Sector Focus: VV concentrates its largest allocation in Information Technology (38.78%), whereas SPY allocates its highest weighting to Information Technology (38.82%).
  • Top Shared Holdings: Key overlapping stocks held in both funds include NVIDIA Corporation (NVDA), Apple Inc (AAPL), Microsoft Corporation (MSFT), Amazon.com, Inc (AMZN).
  • Holdings Distribution: VV features 540 holdings compared to 503 holdings in SPY, affecting single-stock concentration risk.

Strategic Portfolio Insight: Moderate Overlap & Balanced Dual Exposure

Combining VV and SPY creates a moderate portfolio overlap of 59.5% by weight. While they share 47 common holdings, each ETF offers distinct sector weightings and strategy tilts that can complement a broader asset allocation strategy.

Expense Ratio Comparison & Performance: VV vs SPY

Beyond portfolio holdings overlap, fund management fees, dividend yields, and sector diversification play a vital role in long-term compounding returns:

1. Annual Management Fee Impact

VV charges a lower expense ratio of 0.04% compared to SPY at 0.10%. VV is 2.4x cheaper, saving long-term investors approximately $6 per year for every $100,000 invested.

2. Volatility, Risk & Long-Term Growth Potential

VV and SPY react differently to changing interest rates, market cycles, and sector rotations. Diversifying across funds with different underlying indexes helps reduce portfolio drawdown risk during broader market corrections.

Snowball Portfolio Lab Insight

Want to analyze how combining VV and SPY impacts your total portfolio yield, sector distribution, and historical dividend income? Model your custom asset allocation in the Snowball Analytics Portfolio Lab.

Frequently Asked Questions: VV vs SPY ETF Overlap
What is the portfolio overlap percentage between VV and SPY?
Vanguard Large-Cap Index Fund ETF Shares (VV) and SPDR S&P 500 ETF Trust (SPY) have a 59.5% overlap by weight and share 47 identical stock holdings. VV holds 540 total assets while SPY holds 503 total assets.
What is the main difference between VV and SPY?
The main difference between VV and SPY lies in sector allocation, expense ratio, and portfolio breadth:
  • Sector Focus: VV's largest sector is Information Technology (38.78%), whereas SPY's largest sector is Information Technology (38.82%).
  • Expense Ratio: VV has an expense ratio of 0.04%, while SPY charges 0.10%. VV is 2.4x cheaper than SPY.
  • Portfolio Breadth: VV holds 540 total stocks vs SPY's 503 stocks.
Is it good to hold both VV and SPY in the same portfolio?
Holding both VV and SPY results in a 59.5% portfolio weight overlap across 47 common holdings. With a moderate weight overlap of 59.5%, holding both VV and SPY can provide balanced dual exposure if you want to tilt toward specific sector weightings while maintaining broader market coverage.
Which ETF has lower management expense fees: VV or SPY?
VV has an expense ratio of 0.04%, while SPY charges 0.10%. VV is 2.4x cheaper than SPY.
Which ETF is better for long-term investors: VV or SPY?
The ideal choice depends on your investment strategy: VV (0.04% expense ratio) provides exposure to Vanguard Large-Cap Index Fund ETF Shares, while SPY (0.10% expense ratio) offers exposure to SPDR S&P 500 ETF Trust. Comparing sector concentration and historical volatility helps align your choice with long-term goals.
Do VV and SPY pay dividends?
Yes, both VV and SPY pay quarterly dividend distributions to shareholders derived from underlying dividend payments of portfolio companies.