IVV vs VYM: how much do they really overlap?
IVV (iShares Core S&P 500 ETF, tracking the S&P 500) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 26% by weight. 1 of IVV's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 96 equally-weighted bets (diversification grade A). In short, the two funds share a meaningful core of the same megacaps, but each also brings real exposure the other lacks.
The same companies, in both funds
These 23 holdings appear in both IVV and VYM. The weight columns show how much of each fund each name represents.
| Holding | in IVV | in VYM |
|---|---|---|
| AVGO BROADCOM INC | 2.77% | 8.51% |
| JPM JPMORGAN CHASE & CO | 1.36% | 3.14% |
| JNJ JOHNSON & JOHNSON | 0.95% | 2.24% |
| XOM EXXON MOBIL CORP | 0.88% | 2.53% |
| CAT CATERPILLAR INC | 0.76% | 1.67% |
| CSCO CISCO SYSTEMS INC | 0.72% | 1.98% |
| ABBV ABBVIE INC | 0.69% | 1.59% |
| UNH UNITEDHEALTH GROUP INC | 0.58% | 1.43% |
| BAC BANK OF AMERICA CORP | 0.58% | 1.40% |
| HD HOME DEPOT INC | 0.54% | 1.30% |
| PG PROCTER & GAMBLE | 0.53% | 1.39% |
| MRK MERCK & CO INC | 0.49% | 1.22% |
| KO COCA-COLA | 0.49% | 1.27% |
| CVX CHEVRON CORP | 0.48% | 1.41% |
| GS GOLDMAN SACHS GROUP INC | 0.46% | 1.18% |
+ 8 more shared holdings.
Only in IVV
iShares Core S&P 500 ETF — US large-cap. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA CORP | 7.51% |
| AAPL APPLE INC | 6.58% |
| MSFT MICROSOFT CORP | 4.29% |
| AMZN AMAZON.COM INC | 3.61% |
| GOOGL ALPHABET INC CLASS A | 3.25% |
| GOOG ALPHABET INC CLASS C | 2.59% |
| MU MICRON TECHNOLOGY INC | 2.02% |
| META META PLATFORMS INC CLASS A | 1.92% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that IVV doesn’t have:
| QCOM QUALCOMM Inc. | 1.11% |
| C Citigroup Inc. | 0.85% |
| ADI Analog Devices Inc. | 0.83% |
| VZ Verizon Communications Inc. | 0.83% |
| MCD McDonald's Corp. | 0.82% |
| PEP PepsiCo Inc. | 0.81% |
| NEE NextEra Energy Inc. | 0.75% |
| DIS Walt Disney Co. | 0.75% |
So — partly overlapping. Should you hold both?
IVV and VYM share a meaningful core of the same megacaps, but each also brings real exposure the other lacks. Held together they keep a shared megacap core but each still pulls in exposure the other lacks, so a 50/50 blend spreads to ~96 effective positions (grade A).
Holdings as of — IVV: Jun 30, 2026 (iShares (BlackRock)); VYM: May 31, 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 →IVV vs VYM — FAQ
- How much do IVV and VYM overlap?
- IVV and VYM overlap by approximately 26% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of IVV's 10 largest holdings are also held by VYM. They share 23 of their listed top holdings in total.
- Is it redundant to hold both IVV and VYM?
- Because they share a meaningful core of the same megacaps, but each also brings real exposure the other lacks, holding both is partly redundant: you double up on a shared core (AVGO) while each fund still adds distinct exposure. A 50/50 blend has an effective 96 positions and a A diversification grade.
- What does VYM hold that IVV doesn't?
- VYM's largest holdings that IVV doesn't hold include QCOM, C, ADI, VZ, MCD. Its category is US high-dividend, versus IVV's US large-cap.
- Which is more concentrated, IVV or VYM?
- IVV's top 10 holdings are 58% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.