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 75% by weight. 5 of VIG's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 76 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 34 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. | 5.41% | 8.51% |
| JPM JPMorgan Chase & Co. | 3.32% | 3.14% |
| XOM Exxon Mobil Corp. | 2.67% | 2.53% |
| JNJ Johnson & Johnson | 2.39% | 2.24% |
| CSCO Cisco Systems Inc. | 2.09% | 1.98% |
| CAT Caterpillar Inc. | 1.79% | 1.67% |
| ABBV AbbVie Inc. | 1.69% | 1.59% |
| ORCL Oracle Corp. | 1.68% | 1.57% |
| UNH UnitedHealth Group Inc. | 1.51% | 1.43% |
| BAC Bank of America Corp. | 1.51% | 1.40% |
| PG Procter & Gamble Co. | 1.47% | 1.39% |
| HD Home Depot Inc. | 1.39% | 1.30% |
| KO Coca-Cola Co. | 1.34% | 1.27% |
| MRK Merck & Co. Inc. | 1.30% | 1.22% |
| GS Goldman Sachs Group Inc. | 1.29% | 1.18% |
+ 19 more shared holdings.
Only in VIG
Vanguard Dividend Appreciation ETF — US dividend-growth. Its biggest holdings that VYM doesn’t have:
| AAPL Apple Inc. | 4.57% |
| MSFT Microsoft Corp. | 4.27% |
| LLY Eli Lilly & Co. | 3.85% |
| V Visa Inc. Class A | 2.25% |
| WMT Walmart Inc. | 2.23% |
| COST Costco Wholesale Corp. | 1.87% |
| MA Mastercard Inc. Class A | 1.77% |
| LRCX Lam Research Corp. | 1.75% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VIG doesn’t have:
| CVX Chevron Corp. | 1.41% |
| PM Philip Morris International Inc. | 1.14% |
| RTX RTX Corp. | 0.99% |
| WFC Wells Fargo & Co. | 0.99% |
| C Citigroup Inc. | 0.85% |
| VZ Verizon Communications Inc. | 0.83% |
| DIS Walt Disney Co. | 0.75% |
| T AT&T Inc. | 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 ~76 equal positions, with the top 10 alone at 27% and the Magnificent Seven at 4%.
Holdings as of — VIG: 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 →VIG vs VYM — FAQ
- How much do VIG and VYM overlap?
- VIG and VYM overlap by approximately 75% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 5 of VIG's 10 largest holdings are also held by VYM. They share 34 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 76 positions and a A diversification grade.
- What does VYM hold that VIG doesn't?
- VYM's largest holdings that VIG doesn't hold include CVX, PM, RTX, WFC, C. 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 45% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.