VTI vs VYM: how much do they really overlap?
VTI (Vanguard Total Stock Market ETF, tracking the CRSP US Total Market) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 25% by weight. 1 of VTI's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 102 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 24 holdings appear in both VTI and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VTI | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 2.91% | 8.51% |
| JPM JPMorgan Chase & Co. | 1.04% | 3.14% |
| XOM Exxon Mobil Corp. | 0.83% | 2.53% |
| JNJ Johnson & Johnson | 0.75% | 2.24% |
| CSCO Cisco Systems Inc./Delaware | 0.59% | 1.98% |
| CAT Caterpillar Inc. | 0.56% | 1.67% |
| ORCL Oracle Corp. | 0.54% | 1.57% |
| ABBV AbbVie Inc. | 0.53% | 1.59% |
| CVX Chevron Corp. | 0.48% | 1.41% |
| UNH UnitedHealth Group Inc. | 0.47% | 1.43% |
| PG Procter & Gamble Co. | 0.46% | 1.39% |
| BAC Bank of America Corp. | 0.44% | 1.40% |
| HD Home Depot Inc. | 0.43% | 1.30% |
| MRK Merck & Co. Inc. | 0.40% | 1.22% |
| GS Goldman Sachs Group Inc. | 0.40% | 1.18% |
+ 9 more shared holdings.
Only in VTI
Vanguard Total Stock Market ETF — total US market. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corp. | 6.70% |
| AAPL Apple Inc. | 6.30% |
| MSFT Microsoft Corp. | 4.60% |
| AMZN Amazon.com Inc. | 3.60% |
| GOOGL Alphabet Inc. Class A | 3.05% |
| GOOG Alphabet Inc. Class C | 2.39% |
| META Facebook Inc. Class A | 1.90% |
| TSLA Tesla Inc. | 1.69% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VTI doesn’t have:
| C Citigroup Inc. | 0.85% |
| ADI Analog Devices Inc. | 0.83% |
| VZ Verizon Communications Inc. | 0.83% |
| MCD McDonald's Corp. | 0.82% |
| PEP PepsiCo Inc. | 0.81% |
| NEE NextEra Energy Inc. | 0.75% |
| DIS Walt Disney Co. | 0.75% |
| T AT&T Inc. | 0.71% |
So — mostly different. Should you hold both?
VTI 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 ~102 effective positions (grade A), because they hold largely different securities.
Holdings as of — VTI: 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 →VTI vs VYM — FAQ
- How much do VTI and VYM overlap?
- VTI 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 VTI's 10 largest holdings are also held by VYM. They share 24 of their listed top holdings in total.
- Is it redundant to hold both VTI 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 102 positions and a A diversification grade.
- What does VYM hold that VTI doesn't?
- VYM's largest holdings that VTI doesn't hold include C, ADI, VZ, MCD, PEP. Its category is US high-dividend, versus VTI's total US market.
- Which is more concentrated, VTI or VYM?
- VTI's top 10 holdings are 61% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.