VTI vs VTV: Correlation & Overlap
How closely do Vanguard Total Stock Market ETF (VTI) and Vanguard Value ETF (VTV) trade together? Their weekly returns over three years give a correlation of 0.82, 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 VTI and VTV?
Over the past 3 years, VTI and VTV moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.62) than the 3-year average (0.82). Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 143.0 %².
Within VTI's tracked universe of 157 assets, VTV comes in at #36 by 3-year correlation. On 12-month performance VTV holds a 5.0-point edge, +20.7% against +25.7%. Across three years, the rolling one-year figure varied moderately, from 0.62 to 0.92.
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.
VTI vs VTV: side by side
| VTI (Vanguard Total Stock Market ETF) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +20.7% | +25.7% |
| 5-year return | +74.8% | +79.1% |
| Volatility (ann.) | 14.6% | 11.9% |
| Beta vs S&P 500 | 1.01 | 0.65 |
| Max drawdown (3Y) | -19.3% | -14.5% |
| Dividend yield | 1.06% | 1.86% |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $2,290.0B | $256.4B |
| Sector / category | ETF · US Large Cap | ETF · US Style |
VTI is a Large Blend fund from Vanguard: $2,290.0B under management, 3140 holdings, a 0.03% expense ratio, a 1.06% trailing dividend yield. On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Portfolio overlap between VTI and VTV
The two portfolios partially overlap: 39.2% of the funds' weight sits in the same underlying holdings (308 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in VTI | Weight in VTV |
|---|---|---|
| JPM | 1.31% | 3.51% |
| MU | 1.29% | 3.46% |
| BRK.B | 1.28% | 2.99% |
| XOM | 0.90% | 2.40% |
| JNJ | 0.86% | 2.30% |
| WMT | 0.68% | 1.82% |
| ABBV | 0.62% | 1.65% |
| CSCO | 0.57% | 1.53% |
| BAC | 0.55% | 1.47% |
| UNH | 0.52% | 1.40% |
| GE | 0.52% | 0.70% |
| CAT | 0.52% | 1.40% |
| CVX | 0.52% | 1.39% |
| INTC | 0.50% | 0.68% |
| PG | 0.47% | 1.25% |
Largest positions held only by VTI: NVDA (6.42%), AAPL (6.31%), MSFT (4.80%), AMZN (3.66%), GOOGL (2.91%). Only by VTV: .
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 | VTI | VTV |
|---|---|---|
| 2022 | -19.5% | -2.1% |
| 2023 | +26.0% | +9.3% |
| 2024 | +23.8% | +16.0% |
| 2025 | +17.1% | +15.3% |
| 2026 | +14.2% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTI and VTV good diversifiers for each other?
No: a correlation of 0.82 means VTI and VTV tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between VTI and VTV?
As of 2026-08-27, the correlation of weekly returns between VTI and VTV is 0.82 over 3 years, 0.62 over 1 year and 0.86 over 5 years.
Is VTV a good diversifier for VTI?
No: a correlation of 0.82 means VTI and VTV tend to fall together, which is precisely when diversification is supposed to help.
How much do VTI and VTV overlap?
The two funds share 308 holdings amounting to 39.2% of weight, per issuer portfolio files dated 2026-07-31.
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Hubs: VTI correlations · VTV correlations
