VTV vs VUG: Correlation & Overlap
How closely do Vanguard Value ETF (VTV) and Vanguard Growth ETF (VUG) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate. Looking through to holdings, 3.3% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are VTV and VUG?
Over the past 3 years, VTV and VUG moved with a correlation of 0.58, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.58 over 3 years. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 134.7 %².
Among the 149 assets we track against VTV, VUG ranks #84 by 3-year correlation. The trailing year gives VTV the advantage: +25.7% versus +16.2%, a 9.5-point spread. This link changes with the market regime, having swung between 0.30 and 0.81 on a rolling one-year basis. Risk is not evenly split, since VUG carries 1.6 times the volatility of the other side.
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.
VTV vs VUG: side by side
| VTV (Vanguard Value ETF) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +25.7% | +16.2% |
| 5-year return | +79.1% | +78.4% |
| Volatility (ann.) | 11.9% | 19.4% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -14.5% | -22.8% |
| Dividend yield | 1.86% | 0.40% |
| Expense ratio | 0.03% | 0.03% |
| Assets under management | $256.4B | $372.0B |
| Sector / category | ETF · US Style | ETF · US Style |
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. VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Portfolio overlap between VTV and VUG
The two portfolios are largely distinct, with 21 holdings in common adding up to 3.3% of fund weight. Where correlation shows the co-movement, the overlap shows its source.
| Common holding | Weight in VTV | Weight in VUG |
|---|---|---|
| GE | 0.70% | 0.54% |
| INTC | 0.68% | 0.52% |
| TXN | 0.47% | 0.36% |
| UBER | 0.27% | 0.22% |
| SYK | 0.21% | 0.18% |
| ADBE | 0.19% | 0.16% |
| GLW | 0.20% | 0.16% |
| BX | 0.18% | 0.15% |
| INTU | 0.16% | 0.14% |
| SHW | 0.15% | 0.13% |
| RCL | 0.14% | 0.13% |
| BSX | 0.13% | 0.12% |
| O | 0.11% | 0.10% |
| APO | 0.09% | 0.09% |
| WAT | 0.07% | 0.07% |
Largest positions held only by VTV: JPM (3.51%), MU (3.46%), BRK.B (2.99%), XOM (2.40%), JNJ (2.30%). Only by VUG: NVDA (12.84%), AAPL (12.63%), MSFT (9.61%), GOOGL (5.81%), AMZN (5.16%).
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 | VTV | VUG |
|---|---|---|
| 2022 | -2.1% | -33.2% |
| 2023 | +9.3% | +46.8% |
| 2024 | +16.0% | +32.7% |
| 2025 | +15.3% | +19.4% |
| 2026 | +19.3% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are VTV and VUG good diversifiers for each other?
Only partially. A correlation of 0.58 means VTV and VUG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between VTV and VUG?
As of 2026-08-27, the correlation of weekly returns between VTV and VUG is 0.58 over 3 years, 0.30 over 1 year and 0.67 over 5 years.
Is VUG a good diversifier for VTV?
Only partially. A correlation of 0.58 means VTV and VUG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
How much do VTV and VUG overlap?
Per the issuers' own portfolio disclosures (2026-07-31), the overlap is 3.3% by weight over 21 common positions.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/vtv-vs-vug.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/vtv-vs-vug/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: VTV correlations · VUG correlations
