etf overlap · light overlap
VOO vs VO overlap
16% of VOO and VO is the same money, spread over 241 companies both funds hold.
Holdings as of August 31, 2026 · source: Vanguard (VOO), Vanguard (VO) · How we measured all 1,035 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
AMZNAmazon.com Inc3.84%Where each fund puts its money
VOO and VO: what people ask
How much do VOO and VO overlap?
16% by weight, as of August 31, 2026: light overlap. 241 companies appear in both funds; they make up 16% of VOO and 91% of VO.
Which stocks do VOO and VO both hold?
The largest shared positions are NEM, MPC, VLO, FTNT and VRT. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both VOO and VO?
Out of every $100 split evenly between them, about $16 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 264 names only in VOO, 30 only in VO. Half in each behaves like 143 equally weighted stocks, against 46 for VOO alone and 206 for VO alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.