VIG vs VTI: Correlation & Overlap
How closely do Vanguard Dividend Appreciation ETF (VIG) and Vanguard Total Stock Market ETF (VTI) trade together? Their weekly returns over three years give a correlation of 0.92, which is very strong. By holdings, the two funds overlap 39.2% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VIG and VTI?
Across a 3-year window, the weekly returns of VIG and VTI correlate at 0.92, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. Stretching to 5 years gives 0.94, with an annualized covariance of 159.4 %².
Within VIG's tracked universe of 106 assets, VTI comes in at #8 by 3-year correlation. Twelve-month performance is nearly a tie, at +17.1% for VIG and +20.7% for VTI. Stability stands out here, with the rolling one-year correlation confined to 0.83 through 0.96.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
VIG vs VTI: side by side
| VIG (Vanguard Dividend Appreciation ETF) | VTI (Vanguard Total Stock Market ETF) | |
|---|---|---|
| 1-year return | +17.1% | +20.7% |
| 5-year return | +64.0% | +74.8% |
| Volatility (ann.) | 11.9% | 14.6% |
| Beta vs S&P 500 | 0.74 | 1.01 |
| Max drawdown (3Y) | -15.0% | -19.3% |
| Dividend yield | 1.50% | 1.06% |
| Expense ratio | 0.04% | 0.03% |
| Assets under management | $130.9B | $2,290.0B |
| Sector / category | ETF · Dividend | ETF · US Large Cap |
VIG is a Large Blend fund from Vanguard: $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield. VTI, Vanguard's Large Blend fund, carries $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield.
Portfolio overlap between VIG and VTI
The two portfolios partially overlap: 39.2% of the funds' weight sits in the same underlying holdings (332 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in VIG | Weight in VTI |
|---|---|---|
| AAPL | 4.47% | 6.31% |
| MSFT | 4.35% | 4.80% |
| AVGO | 4.65% | 2.56% |
| LLY | 3.94% | 1.36% |
| JPM | 4.09% | 1.31% |
| XOM | 2.80% | 0.90% |
| JNJ | 2.68% | 0.86% |
| V | 2.46% | 0.83% |
| WMT | 2.12% | 0.68% |
| MA | 2.01% | 0.63% |
| ABBV | 1.92% | 0.62% |
| COST | 1.83% | 0.59% |
| CSCO | 1.99% | 0.57% |
| BAC | 1.75% | 0.55% |
| UNH | 1.63% | 0.52% |
Largest positions held only by VIG: DOX (0.03%). Only by VTI: NVDA (6.42%), AMZN (3.66%), GOOGL (2.91%), GOOG (2.32%), META (1.70%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-07-31. Top 15 common positions shown.
Year-by-year returns
| Year | VIG | VTI |
|---|---|---|
| 2022 | -9.8% | -19.5% |
| 2023 | +14.5% | +26.0% |
| 2024 | +17.0% | +23.8% |
| 2025 | +14.2% | +17.1% |
| 2026 | +11.6% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VIG and VTI good diversifiers for each other?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between VIG and VTI?
The VIG/VTI correlation stands at 0.92 on a 3-year window (1 year: 0.83, 5 years: 0.94), computed from weekly returns as of 2026-08-27.
Is VTI a good diversifier for VIG?
Not really. At 0.92, the two trade almost as one position, and owning both buys little extra protection.
How much do VIG and VTI overlap?
The two funds share 332 holdings amounting to 39.2% of weight, per issuer portfolio files dated 2026-07-31.
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Hubs: VIG correlations · VTI correlations
