SPY vs VIG ETF holdings comparison
SPDR S&P 500 ETF Trust (SPY) · Vanguard Dividend Appreciation ETF (VIG)
SPY and VIG overlap by 39% by portfolio weight. The remaining 61.0 percentage points are not counted as shared holdings weight by this calculation. They share 166 stocks; the largest shared position is Apple Inc (AAPL), contributing 4.07% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SPY and VIG share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in SPY | in VIG |
|---|---|---|---|
| Apple Inc | AAPL | 6.88% | 4.07% |
| Microsoft Corp | MSFT | 5.52% | 3.97% |
| Broadcom Inc | AVGO | 2.55% | 5.18% |
| Eli Lilly + Co | LLY | 1.48% | 3.34% |
| Jpmorgan Chase + Co | JPM | 1.44% | 3.59% |
| Johnson + Johnson | JNJ | 0.99% | 2.49% |
| Visa Inc Class A Shares | V | 0.96% | 2.33% |
| Mastercard Inc A | MA | 0.73% | 1.84% |
| Abbvie Inc | ABBV | 0.71% | 1.68% |
| Walmart Inc | WMT | 0.70% | 2.60% |
Holdings only in SPY or VIG
SPY has 337 fund-only positions representing approximately 56.5 percentage points of reported exposure; VIG has 166 fund-only positions representing approximately 7.8 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in SPY
| Company | Ticker | Weight |
|---|---|---|
| Nvidia Corp | NVDA | 7.80% |
| Amazon.Com Inc | AMZN | 3.86% |
| Alphabet Inc Cl A | GOOGL | 3.08% |
| Alphabet Inc Cl C | GOOG | 2.45% |
| Meta Platforms Inc Class A | META | 1.89% |
| Micron Technology Inc | MU | 1.59% |
| Tesla Inc | TSLA | 1.49% |
| Berkshire Hathaway Inc Cl B | BRK.B | 1.40% |
| Advanced Micro Devices | AMD | 1.18% |
| Exxonmobil Holdings Corp | XOM | 1.01% |
Largest positions only in VIG
| Company | Ticker | Weight |
|---|---|---|
| Exxon Mobil Corp | XOM | 2.90% |
| Honeywell International Inc | HON | 0.61% |
| Sunbelt Rentals Holdings Inc | SUNB | 0.14% |
| BWX Technologies Inc | BWXT | 0.09% |
| RB Global Inc | RBA | 0.09% |
| Reliance Inc | RS | 0.09% |
| Royal Gold Inc | RGLD | 0.09% |
| ITT Inc | ITT | 0.08% |
| HEICO Corp | HEIA | 0.07% |
| Watsco Inc | WSO | 0.07% |
FAQ
How much do SPY and VIG overlap?
SPY and VIG have 39% overlap by weight, sharing 166 equity positions (out of 503 in SPY and 332 in VIG). The official holdings files used are dated 2026-08-25 for SPY and 2026-04-30 for VIG.
What does 39% overlap mean?
SPY and VIG share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do SPY and VIG both hold?
The largest shared positions are Apple Inc, Microsoft Corp, Broadcom Inc, Eli Lilly + Co, Jpmorgan Chase + Co. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SPY and VIG?
SPY has 337 positions not found in VIG, while VIG has 166 positions not found in SPY. The largest fund-only positions and their weights are shown on this page.