SPY vs VUG ETF holdings comparison
SPDR S&P 500 ETF Trust (SPY) · Vanguard Growth ETF (VUG)
SPY and VUG overlap by 59% by portfolio weight. The remaining 41.0 percentage points are not counted as shared holdings weight by this calculation. They share 123 stocks; the largest shared position is Nvidia Corp (NVDA), contributing 8.34% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SPY and VUG 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 VUG |
|---|---|---|---|
| Nvidia Corp | NVDA | 8.34% | 12.63% |
| Apple Inc | AAPL | 7.43% | 11.67% |
| Microsoft Corp | MSFT | 5.80% | 7.61% |
| Amazon.Com Inc | AMZN | 3.73% | 4.47% |
| Alphabet Inc Cl A | GOOGL | 3.05% | 5.76% |
| Broadcom Inc | AVGO | 2.56% | 4.28% |
| Alphabet Inc Cl C | GOOG | 2.45% | 4.53% |
| Meta Platforms Inc Class A | META | 2.38% | 3.41% |
| Tesla Inc | TSLA | 1.58% | 3.27% |
| Advanced Micro Devices | AMD | 1.51% | 2.62% |
Holdings only in SPY or VUG
SPY has 380 fund-only positions representing approximately 41.0 percentage points of reported exposure; VUG has 23 fund-only positions representing approximately 2.3 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 |
|---|---|---|
| Micron Technology Inc | MU | 1.75% |
| Berkshire Hathaway Inc Cl B | BRK.B | 1.42% |
| Jpmorgan Chase + Co | JPM | 1.32% |
| Exxonmobil Holdings Corp | XOM | 1.04% |
| Johnson + Johnson | JNJ | 0.92% |
| Walmart Inc | WMT | 0.74% |
| Abbvie Inc | ABBV | 0.72% |
| Cisco Systems Inc | CSCO | 0.68% |
| Chevron Corp | CVX | 0.62% |
| Caterpillar Inc | CAT | 0.55% |
Largest positions only in VUG
| Company | Ticker | Weight |
|---|---|---|
| Space Exploration Technologies Corp | SPCX | 0.29% |
| Snowflake Inc | SNOW | 0.25% |
| Cloudflare Inc | NET | 0.23% |
| Rocket Lab Corp | RKLB | 0.18% |
| Waste Connections Inc | WCN | 0.14% |
| Alnylam Pharmaceuticals Inc | ALNY | 0.13% |
| Astera Labs Inc | ALAB | 0.12% |
| Coreweave Inc | CRWV | 0.12% |
| ROBLOX Corp | RBLX | 0.12% |
| MongoDB Inc | MDB | 0.09% |
FAQ
How much do SPY and VUG overlap?
SPY and VUG have 59% overlap by weight, sharing 123 equity positions (out of 503 in SPY and 146 in VUG). The official holdings files used are dated 2026-10-08 for SPY and 2026-06-30 for VUG.
What does 59% overlap mean?
SPY and VUG 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 VUG both hold?
The largest shared positions are Nvidia Corp, Apple Inc, Microsoft Corp, Amazon.Com Inc, Alphabet Inc Cl A. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SPY and VUG?
SPY has 380 positions not found in VUG, while VUG has 23 positions not found in SPY. The largest fund-only positions and their weights are shown on this page.