FTEC vs VYM: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 18% by weight. 2 of FTEC's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 48 equally-weighted bets (diversification grade B). In short, the two funds have only a small shared core — they mostly hold different things and are largely complementary.
The same companies, in both funds
These 7 holdings appear in both FTEC and VYM. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 3.89% | 7.29% |
| CSCO Cisco Systems, Inc. | 1.85% | 1.92% |
| TXN Texas Instruments Incorporated | 1.09% | 1.12% |
| IBM International Business Machines Corporation | 1.05% | 1.10% |
| ORCL Oracle Corporation | 1.02% | 1.04% |
| QCOM QUALCOMM Incorporated | 0.86% | 0.81% |
| ADI Analog Devices, Inc. | 0.81% | 0.80% |
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corporation | 16.20% |
| AAPL Apple Inc. | 14.71% |
| MSFT Microsoft Corporation | 8.67% |
| MU Micron Technology, Inc. | 5.19% |
| AMD Advanced Micro Devices, Inc. | 3.44% |
| INTC Intel Corporation | 2.32% |
| AMAT Applied Materials, Inc. | 2.06% |
| LRCX Lam Research Corporation | 1.97% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that FTEC doesn’t have:
| JPM JPMorgan Chase & Co. | 3.38% |
| JNJ Johnson & Johnson | 2.54% |
| XOM Exxon Mobil Corp. | 2.36% |
| CAT Caterpillar Inc. | 2.01% |
| ABBV AbbVie Inc. | 1.85% |
| BAC Bank of America Corp. | 1.56% |
| UNH UnitedHealth Group Inc. | 1.56% |
| HD Home Depot Inc. | 1.46% |
So — mostly different. Should you hold both?
FTEC and VYM have only a small shared core — they mostly hold different things and are largely complementary. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~48 effective positions (grade B), because they hold largely different securities.
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VYM: Jun 30, 2026 (Vanguard). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →FTEC vs VYM — FAQ
- How much do FTEC and VYM overlap?
- FTEC and VYM overlap by approximately 18% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 2 of FTEC's 10 largest holdings are also held by VYM. They share 7 of their listed top holdings in total.
- Is it redundant to hold both FTEC and VYM?
- Because they have only a small shared core — they mostly hold different things and are largely complementary, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 48 positions and a B diversification grade.
- What does VYM hold that FTEC doesn't?
- VYM's largest holdings that FTEC doesn't hold include JPM, JNJ, XOM, CAT, ABBV. Its category is US high-dividend, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or VYM?
- FTEC's top 10 holdings are 80% of its listed weight; VYM's are 45%. The more concentrated fund leans harder on its largest names.