VGT vs VYM: how much do they really overlap?
VGT (Vanguard Information Technology 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 22% by weight. 3 of VGT's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 43 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 9 holdings appear in both VGT and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VGT | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 4.49% | 8.51% |
| CSCO Cisco Systems Inc. | 1.85% | 1.98% |
| ORCL Oracle Corp. | 1.45% | 1.57% |
| TXN Texas Instruments Inc. | 1.10% | 1.15% |
| IBM International Business Machines Corp. | 1.08% | 1.14% |
| QCOM QUALCOMM Inc. | 1.07% | 1.11% |
| ADI Analog Devices Inc. | 0.81% | 0.83% |
| DELL Dell Technologies Inc. | 0.56% | 0.54% |
| ACN Accenture plc Class A | 0.47% | 0.47% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corp. | 16.78% |
| AAPL Apple Inc. | 15.26% |
| MSFT Microsoft Corp. | 9.87% |
| MU Micron Technology Inc. | 4.19% |
| AMD Advanced Micro Devices Inc. | 3.20% |
| INTC Intel Corp. | 1.95% |
| LRCX Lam Research Corp. | 1.55% |
| AMAT Applied Materials Inc. | 1.39% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VGT doesn’t have:
| JPM JPMorgan Chase & Co. | 3.14% |
| XOM Exxon Mobil Corp. | 2.53% |
| JNJ Johnson & Johnson | 2.24% |
| CAT Caterpillar Inc. | 1.67% |
| ABBV AbbVie Inc. | 1.59% |
| UNH UnitedHealth Group Inc. | 1.43% |
| CVX Chevron Corp. | 1.41% |
| BAC Bank of America Corp. | 1.40% |
So — mostly different. Should you hold both?
VGT 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 ~43 effective positions (grade B), because they hold largely different securities.
Holdings as of — VGT: May 31, 2026 (Vanguard); 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 →VGT vs VYM — FAQ
- How much do VGT and VYM overlap?
- VGT and VYM overlap by approximately 22% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 3 of VGT's 10 largest holdings are also held by VYM. They share 9 of their listed top holdings in total.
- Is it redundant to hold both VGT 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 43 positions and a B diversification grade.
- What does VYM hold that VGT doesn't?
- VYM's largest holdings that VGT doesn't hold include JPM, XOM, JNJ, CAT, ABBV. Its category is US high-dividend, versus VGT's US tech sector.
- Which is more concentrated, VGT or VYM?
- VGT's top 10 holdings are 72% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.