VXF vs VYM: how much do they really overlap?
VXF (Vanguard Extended Market ETF, tracking the S&P Completion) and VYM (Vanguard High Dividend Yield ETF, tracking the FTSE High Dividend Yield) overlap by roughly 0% by weight. 0 of VXF's top 10 holdings also appear in VYM. A 50/50 blend of the two behaves like about 301 equally-weighted bets (diversification grade A). In short, the two funds hold almost none of the same securities — they are complementary, not redundant.
The same companies, in both funds
These 0 holdings appear in both VXF and VYM. The weight columns show how much of each fund each name represents.
| Holding | in VXF | in VYM |
|---|
Only in VXF
Vanguard Extended Market ETF — US mid/small completion. Its biggest holdings that VYM doesn’t have:
| SPCX Space Exploration Technologies Corp. Class A | 1.14% |
| SNOW Snowflake Inc. | 0.99% |
| BE Bloom Energy Corp. Class A | 0.89% |
| NET Cloudflare Inc. Class A | 0.88% |
| ALAB Astera Labs Inc. | 0.73% |
| RKLB Rocket Lab Corp. | 0.58% |
| LNG Cheniere Energy Inc. | 0.56% |
| FERG Ferguson Enterprises Inc./DE | 0.52% |
Only in VYM
Vanguard High Dividend Yield ETF — US high-dividend. Its biggest holdings that VXF doesn’t have:
| AVGO Broadcom Inc. | 7.29% |
| JPM JPMorgan Chase & Co. | 3.38% |
| JNJ Johnson & Johnson | 2.54% |
| XOM Exxon Mobil Corp. | 2.36% |
| CAT Caterpillar Inc. | 2.01% |
| CSCO Cisco Systems Inc. | 1.92% |
| ABBV AbbVie Inc. | 1.85% |
| BAC Bank of America Corp. | 1.56% |
So — essentially different. Should you hold both?
VXF and VYM hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~301 effective positions (grade A), because they hold largely different securities.
Holdings as of — VXF: 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 →VXF vs VYM — FAQ
- How much do VXF and VYM overlap?
- VXF and VYM overlap by approximately 0% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of VXF's 10 largest holdings are also held by VYM. They share 0 of their listed top holdings in total.
- Is it redundant to hold both VXF and VYM?
- Because they hold almost none of the same securities — they are complementary, not redundant, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 301 positions and a A diversification grade.
- What does VYM hold that VXF doesn't?
- VYM's largest holdings that VXF doesn't hold include AVGO, JPM, JNJ, XOM, CAT. Its category is US high-dividend, versus VXF's US mid/small completion.
- Which is more concentrated, VXF or VYM?
- VXF's top 10 holdings are 38% of its listed weight; VYM's are 45%. The more concentrated fund leans harder on its largest names.