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 24% by weight. 1 of VTI's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 117 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 23 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. | 2.46% | 7.29% |
| JPM JPMorgan Chase & Co. | 1.11% | 3.38% |
| JNJ Johnson & Johnson | 0.84% | 2.54% |
| XOM Exxon Mobil Corp. | 0.78% | 2.36% |
| CAT Caterpillar Inc. | 0.67% | 2.01% |
| ABBV AbbVie Inc. | 0.61% | 1.85% |
| CSCO Cisco Systems Inc./Delaware | 0.57% | 1.92% |
| UNH UnitedHealth Group Inc. | 0.52% | 1.56% |
| BAC Bank of America Corp. | 0.50% | 1.56% |
| HD Home Depot Inc. | 0.48% | 1.46% |
| PG Procter & Gamble Co. | 0.47% | 1.42% |
| MRK Merck & Co. Inc. | 0.44% | 1.32% |
| CVX Chevron Corp. | 0.43% | 1.28% |
| GS Goldman Sachs Group Inc. | 0.39% | 1.15% |
| PM Philip Morris International Inc. | 0.39% | 1.17% |
+ 8 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. | 6.32% |
| AAPL Apple Inc. | 5.84% |
| MSFT Microsoft Corp. | 3.81% |
| AMZN Amazon.com Inc. | 3.17% |
| GOOGL Alphabet Inc. Class A | 2.88% |
| GOOG Alphabet Inc. Class C | 2.27% |
| MU Micron Technology Inc. | 1.79% |
| META Facebook Inc. Class A | 1.70% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VTI doesn’t have:
| C Citigroup Inc. | 0.94% |
| QCOM QUALCOMM Inc. | 0.81% |
| ADI Analog Devices Inc. | 0.80% |
| MCD McDonald's Corp. | 0.80% |
| PEP PepsiCo Inc. | 0.77% |
| NEE NextEra Energy Inc. | 0.76% |
| AMGN Amgen Inc. | 0.75% |
| VZ Verizon Communications Inc. | 0.74% |
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 ~117 effective positions (grade A), because they hold largely different securities.
Holdings as of — VTI: 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 →VTI vs VYM — FAQ
- How much do VTI and VYM overlap?
- VTI and VYM overlap by approximately 24% 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 23 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 117 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, QCOM, ADI, 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 58% of its listed weight; VYM's are 45%. The more concentrated fund leans harder on its largest names.