SOXQ vs VYM: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 19% by weight. 1 of SOXQ's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 49 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 4 holdings appear in both SOXQ and VYM. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 7.87% | 8.51% |
| TXN Texas Instruments Incorporated | 3.53% | 1.15% |
| QCOM QUALCOMM Incorporated | 2.84% | 1.11% |
| ADI Analog Devices, Inc. | 3.58% | 0.83% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corporation | 10.47% |
| MU Micron Technology, Inc. | 8.91% |
| AMAT Applied Materials, Inc. | 5.83% |
| KLAC KLA Corporation | 5.47% |
| MRVL Marvell Technology, Inc. | 5.12% |
| LRCX Lam Research Corporation | 4.88% |
| ASML ASML Holding N.V. | 4.41% |
| INTC Intel Corporation | 4.34% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that SOXQ doesn’t have:
| JPM JPMorgan Chase & Co. | 3.14% |
| XOM Exxon Mobil Corp. | 2.53% |
| JNJ Johnson & Johnson | 2.24% |
| CSCO Cisco Systems Inc. | 1.98% |
| CAT Caterpillar Inc. | 1.67% |
| ABBV AbbVie Inc. | 1.59% |
| ORCL Oracle Corp. | 1.57% |
| UNH UnitedHealth Group Inc. | 1.43% |
So — mostly different. Should you hold both?
SOXQ 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 ~49 effective positions (grade B), because they hold largely different securities.
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); 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 →SOXQ vs VYM — FAQ
- How much do SOXQ and VYM overlap?
- SOXQ and VYM overlap by approximately 19% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of SOXQ's 10 largest holdings are also held by VYM. They share 4 of their listed top holdings in total.
- Is it redundant to hold both SOXQ 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 49 positions and a B diversification grade.
- What does VYM hold that SOXQ doesn't?
- VYM's largest holdings that SOXQ doesn't hold include JPM, XOM, JNJ, CSCO, CAT. Its category is US high-dividend, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VYM?
- SOXQ's top 10 holdings are 63% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.