VT vs VYM: how much do they really overlap?
VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 18% by weight. 1 of VT's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 178 equally-weighted bets (diversification grade A). 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 16 holdings appear in both VT and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VT | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 1.50% | 7.29% |
| JPM JPMorgan Chase & Co. | 0.69% | 3.38% |
| JNJ Johnson & Johnson | 0.52% | 2.54% |
| CAT Caterpillar Inc. | 0.41% | 2.01% |
| CSCO Cisco Systems Inc. | 0.40% | 1.92% |
| ABBV AbbVie Inc. | 0.38% | 1.85% |
| UNH UnitedHealth Group Inc. | 0.32% | 1.56% |
| BAC Bank of America Corp. | 0.32% | 1.56% |
| HD Home Depot Inc. | 0.30% | 1.46% |
| PG Procter & Gamble Co. | 0.29% | 1.42% |
| MRK Merck & Co. Inc. | 0.27% | 1.32% |
| KO Coca-Cola Co. | 0.27% | 1.31% |
| CVX Chevron Corp. | 0.26% | 1.28% |
| PM Philip Morris International Inc. | 0.24% | 1.17% |
| GS Goldman Sachs Group Inc. | 0.24% | 1.15% |
+ 1 more shared holdings.
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corp. | 3.99% |
| AAPL Apple Inc. | 3.57% |
| MSFT Microsoft Corp. | 2.37% |
| AMZN Amazon.com Inc. | 1.97% |
| GOOGL Alphabet Inc. Class A | 1.80% |
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.64% |
| GOOG Alphabet Inc. Class C | 1.41% |
| MU Micron Technology Inc. | 1.11% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VT doesn’t have:
| XOM Exxon Mobil Corp. | 2.36% |
| IBM International Business Machines Corp. | 1.10% |
| RTX RTX Corp. | 1.06% |
| WFC Wells Fargo & Co. | 1.05% |
| ORCL Oracle Corp. | 1.04% |
| LIN Linde plc | 0.99% |
| MS Morgan Stanley | 0.97% |
| C Citigroup Inc. | 0.94% |
So — mostly different. Should you hold both?
VT 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 ~178 effective positions (grade A), because they hold largely different securities.
Holdings as of — VT: 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 →VT vs VYM — FAQ
- How much do VT and VYM overlap?
- VT and VYM overlap by approximately 18% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of VT's 10 largest holdings are also held by VYM. They share 16 of their listed top holdings in total.
- Is it redundant to hold both VT 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 178 positions and a A diversification grade.
- What does VYM hold that VT doesn't?
- VYM's largest holdings that VT doesn't hold include XOM, IBM, RTX, WFC, ORCL. Its category is US high-dividend, versus VT's global all-cap.
- Which is more concentrated, VT or VYM?
- VT's top 10 holdings are 55% of its listed weight; VYM's are 45%. The more concentrated fund leans harder on its largest names.