VV vs VYM: how much do they really overlap?
VV (Vanguard Large-Cap ETF, tracking the CRSP US Large Cap) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 27% by weight. 1 of VV's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 88 equally-weighted bets (diversification grade A). In short, the two funds share a meaningful core of the same megacaps, but each also brings real exposure the other lacks.
The same companies, in both funds
These 24 holdings appear in both VV and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VV | in VYM |
|---|---|---|
| AVGO Broadcom Inc. | 3.32% | 8.51% |
| JPM JPMorgan Chase & Co. | 1.19% | 3.14% |
| XOM Exxon Mobil Corp. | 0.95% | 2.53% |
| JNJ Johnson & Johnson | 0.85% | 2.24% |
| CSCO Cisco Systems Inc. | 0.67% | 1.98% |
| CAT Caterpillar Inc. | 0.64% | 1.67% |
| ORCL Oracle Corp. | 0.61% | 1.57% |
| ABBV AbbVie Inc. | 0.60% | 1.59% |
| CVX Chevron Corp. | 0.54% | 1.41% |
| UNH UnitedHealth Group Inc. | 0.54% | 1.43% |
| PG Procter & Gamble Co. | 0.52% | 1.39% |
| BAC Bank of America Corp. | 0.52% | 1.40% |
| HD Home Depot Inc. | 0.50% | 1.30% |
| MRK Merck & Co. Inc. | 0.46% | 1.22% |
| GS Goldman Sachs Group Inc. | 0.45% | 1.18% |
+ 9 more shared holdings.
Only in VV
Vanguard Large-Cap ETF — US large-cap. Its biggest holdings that VYM doesn’t have:
| NVDA NVIDIA Corp. | 7.65% |
| AAPL Apple Inc. | 7.19% |
| MSFT Microsoft Corp. | 5.25% |
| AMZN Amazon.com Inc. | 4.10% |
| GOOGL Alphabet Inc. Class A | 3.47% |
| GOOG Alphabet Inc. Class C | 2.73% |
| META Facebook Inc. Class A | 2.17% |
| TSLA Tesla Inc. | 1.92% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VV 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 — partly overlapping. Should you hold both?
VV and VYM share a meaningful core of the same megacaps, but each also brings real exposure the other lacks. Held together they keep a shared megacap core but each still pulls in exposure the other lacks, so a 50/50 blend spreads to ~88 effective positions (grade A).
Holdings as of — VV: 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 →VV vs VYM — FAQ
- How much do VV and VYM overlap?
- VV and VYM overlap by approximately 27% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of VV'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 VV and VYM?
- Because they share a meaningful core of the same megacaps, but each also brings real exposure the other lacks, holding both is partly redundant: you double up on a shared core (AVGO) while each fund still adds distinct exposure. A 50/50 blend has an effective 88 positions and a A diversification grade.
- What does VYM hold that VV doesn't?
- VYM's largest holdings that VV doesn't hold include C, ADI, VZ, MCD, PEP. Its category is US high-dividend, versus VV's US large-cap.
- Which is more concentrated, VV or VYM?
- VV's top 10 holdings are 61% of its listed weight; VYM's are 44%. The more concentrated fund leans harder on its largest names.