VOOG vs VYM: how much do they really overlap?
VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 25% by weight. 1 of VOOG's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 52 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 15 holdings appear in both VOOG and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VOOG | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 5.89% | 8.51% |
| JPM JPMorgan Chase & Co. | 1.43% | 3.14% |
| CAT Caterpillar Inc. | 1.13% | 1.67% |
| JNJ Johnson & Johnson | 0.89% | 2.24% |
| CSCO Cisco Systems Inc. | 0.70% | 1.98% |
| RTX RTX Corp. | 0.67% | 0.99% |
| ORCL Oracle Corp. | 0.55% | 1.57% |
| GS Goldman Sachs Group Inc. | 0.53% | 1.18% |
| ABBV AbbVie Inc. | 0.49% | 1.59% |
| PM Philip Morris International Inc. | 0.43% | 1.14% |
| MS Morgan Stanley | 0.42% | 0.97% |
| IBM International Business Machines Corp. | 0.40% | 1.14% |
| KO Coca-Cola Co. | 0.36% | 1.27% |
| AMGN Amgen Inc. | 0.34% | 0.69% |
| NEM Newmont Goldcorp Corp. | 0.33% | 0.50% |
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corp. | 14.26% |
| MSFT Microsoft Corp. | 9.29% |
| AAPL Apple Inc. | 6.37% |
| GOOGL Alphabet Inc. Class A | 6.15% |
| GOOG Alphabet Inc. Class C | 4.89% |
| AMZN Amazon.com Inc. | 3.89% |
| META Facebook Inc. Class A | 3.84% |
| MU Micron Technology Inc. | 3.04% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VOOG doesn’t have:
| XOM Exxon Mobil Corp. | 2.53% |
| UNH UnitedHealth Group Inc. | 1.43% |
| CVX Chevron Corp. | 1.41% |
| BAC Bank of America Corp. | 1.40% |
| PG Procter & Gamble Co. | 1.39% |
| HD Home Depot Inc. | 1.30% |
| MRK Merck & Co. Inc. | 1.22% |
| TXN Texas Instruments Inc. | 1.15% |
So — mostly different. Should you hold both?
VOOG 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 ~52 effective positions (grade B), because they hold largely different securities.
Holdings as of — VOOG: 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 →VOOG vs VYM — FAQ
- How much do VOOG and VYM overlap?
- VOOG and VYM overlap by approximately 25% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of VOOG's 10 largest holdings are also held by VYM. They share 15 of their listed top holdings in total.
- Is it redundant to hold both VOOG 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 52 positions and a B diversification grade.
- What does VYM hold that VOOG doesn't?
- VYM's largest holdings that VOOG doesn't hold include XOM, UNH, CVX, BAC, PG. Its category is US high-dividend, versus VOOG's US large-cap growth.
- Which is more concentrated, VOOG or VYM?
- VOOG's top 10 holdings are 67% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.