Guardfolio Research · ETF Overlap
VYM vs VIG Overlap: 60.9% of Weight in Shared Holdings
VYM (Vanguard High Dividend Yield) and VIG (Vanguard Dividend Appreciation) overlap by 60.9% of normalized weight through 209 shared securities, led by AVGO, JPM, XOM, JNJ, CSCO. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
VYM and VIG overlap heavily: 60.9% of normalized fund weight is shared across 209 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification..
The Data
Exactly which securities VYM and VIG share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | VYM 2026-08-24; VIG 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VYM weight | VIG weight | Shared (min) |
|---|---|---|---|
| Broadcom Inc (AVGO) | 7.37% | 4.65% | 4.65% |
| JPMorgan Chase & Co (JPM) | 3.83% | 4.09% | 3.83% |
| ExxonMobil Holdings Corp (XOM) | 2.63% | 2.80% | 2.63% |
| Johnson & Johnson (JNJ) | 2.51% | 2.68% | 2.51% |
| Cisco Systems Inc (CSCO) | 1.87% | 1.99% | 1.87% |
| AbbVie Inc (ABBV) | 1.81% | 1.92% | 1.81% |
| Bank of America Corp (BAC) | 1.67% | 1.75% | 1.67% |
| UnitedHealth Group Inc (UNH) | 1.52% | 1.63% | 1.52% |
| Caterpillar Inc (CAT) | 1.51% | 1.63% | 1.51% |
| Coca-Cola Co/The (KO) | 1.39% | 1.47% | 1.39% |
| Procter & Gamble Co/The (PG) | 1.37% | 1.46% | 1.37% |
| Home Depot Inc/The (HD) | 1.35% | 1.43% | 1.35% |
| Merck & Co Inc (MRK) | 1.31% | 1.40% | 1.31% |
| Goldman Sachs Group Inc/The (GS) | 1.14% | 1.24% | 1.14% |
| Texas Instruments Inc (TXN) | 1.02% | 1.09% | 1.02% |
| Morgan Stanley (MS) | 0.96% | 1.09% | 0.96% |
| Oracle Corp (ORCL) | 0.91% | 0.96% | 0.91% |
| Linde PLC (LIN) | 0.90% | 0.96% | 0.90% |
| International Business Machines Corp (IBM) | 0.86% | 0.91% | 0.86% |
| McDonald's Corp (MCD) | 0.78% | 0.83% | 0.78% |
| Total full-holdings overlap | 63.6% | 64.7% | 60.9% |
Showing the 20 largest contributors of 209 shared securities. The total uses every shared security.
The 60.9% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. VYM is dated 2026-08-24 with 99.834% retained coverage; VIG is dated 2026-08-24 with 99.699% retained coverage.
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Sector Picture
VYM vs VIG: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (84.0% combined sector overlap).
| Sector | VYM | VIG |
|---|---|---|
| Financial Services | 22.0% | 22.5% |
| Technology | 14.5% | 26.5% |
| Healthcare | 11.9% | 14.5% |
| Industrials | 12.4% | 11.5% |
| Consumer Staples | 11.8% | 10.1% |
| Consumer Discretionary | 7.2% | 5.3% |
The Verdict
Should you hold both VYM and VIG?
VYM and VIG overlap heavily: 60.9% of normalized fund weight is shared across 209 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
FAQ
VYM vs VIG overlap: common questions
How much do VYM and VIG overlap?
VYM (Vanguard High Dividend Yield) and VIG (Vanguard Dividend Appreciation) overlap by approximately 60.9% of normalized weight across their licensed full holdings. They share 209 securities; the largest contributors include AVGO, JPM, XOM, JNJ, CSCO, ABBV, BAC, UNH. The separately dated sector reference shows 84.0% overlap.
What stocks do VYM and VIG both hold?
Both VYM and VIG hold Broadcom Inc (AVGO), JPMorgan Chase & Co (JPM), ExxonMobil Holdings Corp (XOM), Johnson & Johnson (JNJ), Cisco Systems Inc (CSCO), AbbVie Inc (ABBV), Bank of America Corp (BAC), UnitedHealth Group Inc (UNH) among their top positions. These shared names account for the 60.9% weight overlap.
Is it worth holding both VYM and VIG?
VYM and VIG overlap heavily: 60.9% of normalized fund weight is shared across 209 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
What is the difference between VYM and VIG?
VYM is a dividend fund (US Dividend, 0.06% expense ratio) and VIG is a dividend fund (US Dividend, 0.05% expense ratio). The dataset includes 605 VYM holdings as of 2026-08-24 and 334 VIG holdings as of 2026-08-24.
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