VIG vs VYM: how much do they really overlap?
VIG (Vanguard Dividend Appreciation ETF, tracking the S&P US Dividend Growers) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 70% by weight. 4 of VIG's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 87 equally-weighted bets (diversification grade A). In short, the two funds share most of their weight in the same names; the second fund adds only modest differentiation.
The same companies, in both funds
These 32 holdings appear in both VIG and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VIG | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 4.53% | 7.29% |
| JPM JPMorgan Chase & Co. | 3.56% | 3.38% |
| JNJ Johnson & Johnson | 2.66% | 2.54% |
| CAT Caterpillar Inc. | 2.14% | 2.01% |
| CSCO Cisco Systems Inc. | 2.02% | 1.92% |
| ABBV AbbVie Inc. | 1.94% | 1.85% |
| UNH UnitedHealth Group Inc. | 1.65% | 1.56% |
| BAC Bank of America Corp. | 1.62% | 1.56% |
| HD Home Depot Inc. | 1.53% | 1.46% |
| PG Procter & Gamble Co. | 1.49% | 1.42% |
| MRK Merck & Co. Inc. | 1.38% | 1.32% |
| KO Coca-Cola Co. | 1.37% | 1.31% |
| GS Goldman Sachs Group Inc. | 1.24% | 1.15% |
| TXN Texas Instruments Inc. | 1.18% | 1.12% |
| IBM International Business Machines Corp. | 1.15% | 1.10% |
+ 17 more shared holdings.
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VYM doesn’t have:
| AAPL Apple Inc. | 4.20% |
| LLY Eli Lilly & Co. | 4.14% |
| MSFT Microsoft Corp. | 3.51% |
| LRCX Lam Research Corp. | 2.36% |
| V Visa Inc. Class A | 2.31% |
| WMT Walmart Inc. | 2.16% |
| COST Costco Wholesale Corp. | 1.81% |
| MA Mastercard Inc. Class A | 1.81% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VIG doesn’t have:
| XOM Exxon Mobil Corp. | 2.36% |
| CVX Chevron Corp. | 1.28% |
| PM Philip Morris International Inc. | 1.17% |
| RTX RTX Corp. | 1.06% |
| WFC Wells Fargo & Co. | 1.05% |
| C Citigroup Inc. | 0.94% |
| VZ Verizon Communications Inc. | 0.74% |
| DIS Walt Disney Co. | 0.71% |
So — heavily overlapping. Should you hold both?
VIG and VYM share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold VIG, adding VYM mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~87 equal positions, with the top 10 alone at 25% and the Magnificent Seven at 4%.
Holdings as of — VIG: Jun 30, 2026 (Vanguard); 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 →VIG vs VYM — FAQ
- How much do VIG and VYM overlap?
- VIG and VYM overlap by approximately 70% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 4 of VIG's 10 largest holdings are also held by VYM. They share 32 of their listed top holdings in total.
- Is it redundant to hold both VIG and VYM?
- Because they share most of their weight in the same names; the second fund adds only modest differentiation, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 87 positions and a A diversification grade.
- What does VYM hold that VIG doesn't?
- VYM's largest holdings that VIG doesn't hold include XOM, CVX, PM, RTX, WFC. Its category is US high-dividend, versus VIG's US dividend-growth.
- Which is more concentrated, VIG or VYM?
- VIG's top 10 holdings are 44% of its listed weight; VYM's are 45%. The more concentrated fund leans harder on its largest names.