Guardfolio Research · ETF Overlap
XLK vs VYM Overlap: 12.4% of Weight in Shared Holdings
XLK (Technology Select Sector SPDR) and VYM (Vanguard High Dividend Yield) overlap by 12.4% of normalized weight through 19 shared securities, led by AVGO, CSCO, TXN, ORCL, ADI. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
XLK and VYM have moderate overlap: about 12.4% of normalized fund weight across 19 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure..
The Data
Exactly which securities XLK and VYM 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 | XLK 2026-08-24; VYM 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | XLK weight | VYM weight | Shared (min) |
|---|---|---|---|
| BROADCOM INC (AVGO) | 4.77% | 7.37% | 4.77% |
| CISCO SYSTEMS INC (CSCO) | 2.93% | 1.87% | 1.87% |
| TEXAS INSTRUMENTS INC (TXN) | 1.61% | 1.02% | 1.02% |
| ORACLE CORP (ORCL) | 1.66% | 0.91% | 0.91% |
| ANALOG DEVICES INC (ADI) | 1.22% | 0.73% | 0.73% |
| QUALCOMM INC (QCOM) | 1.13% | 0.63% | 0.63% |
| DELL TECHNOLOGIES C (DELL) | 0.85% | 0.50% | 0.50% |
| ACCENTURE PLC CL A (ACN) | 0.76% | 0.41% | 0.41% |
| HEWLETT PACKARD ENTERPRISE (HPE) | 0.47% | 0.26% | 0.26% |
| TE CONNECTIVITY PLC (TEL) | 0.40% | 0.24% | 0.24% |
| NXP SEMICONDUCTORS NV (NXPI) | 0.38% | 0.24% | 0.24% |
| MICROCHIP TECHNOLOGY INC (MCHP) | 0.27% | 0.16% | 0.16% |
| NETAPP INC (NTAP) | 0.25% | 0.14% | 0.14% |
| COGNIZANT TECH SOLUTIONS A (CTSH) | 0.20% | 0.11% | 0.11% |
| HP INC (HPQ) | 0.18% | 0.10% | 0.10% |
| VERISIGN INC (VRSN) | 0.15% | 0.10% | 0.10% |
| CDW CORP/DE (CDW) | 0.12% | 0.08% | 0.08% |
| GEN DIGITAL INC (GEN) | 0.11% | 0.06% | 0.06% |
| SKYWORKS SOLUTIONS INC (SWKS) | 0.07% | 0.04% | 0.04% |
| Total full-holdings overlap | 17.5% | 15.0% | 12.4% |
The 12.4% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. XLK is dated 2026-08-24 with 99.934% retained coverage; VYM is dated 2026-08-24 with 99.834% retained coverage.
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Sector Picture
XLK vs VYM: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (15.0% combined sector overlap).
| Sector | XLK | VYM |
|---|---|---|
| Technology | 100.0% | 14.5% |
| Financial Services | 0.0% | 22.0% |
| Industrials | 0.0% | 12.4% |
| Healthcare | 0.0% | 11.9% |
| Consumer Staples | 0.0% | 11.8% |
| Energy | 0.0% | 8.7% |
The Verdict
Should you hold both XLK and VYM?
XLK and VYM have moderate overlap: about 12.4% of normalized fund weight across 19 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
FAQ
XLK vs VYM overlap: common questions
How much do XLK and VYM overlap?
XLK (Technology Select Sector SPDR) and VYM (Vanguard High Dividend Yield) overlap by approximately 12.4% of normalized weight across their licensed full holdings. They share 19 securities; the largest contributors include AVGO, CSCO, TXN, ORCL, ADI, QCOM, DELL, ACN. The separately dated sector reference shows 15.0% overlap.
What stocks do XLK and VYM both hold?
Both XLK and VYM hold BROADCOM INC (AVGO), CISCO SYSTEMS INC (CSCO), TEXAS INSTRUMENTS INC (TXN), ORACLE CORP (ORCL), ANALOG DEVICES INC (ADI), QUALCOMM INC (QCOM), DELL TECHNOLOGIES C (DELL), ACCENTURE PLC CL A (ACN) among their top positions. These shared names account for the 12.4% weight overlap.
Is it worth holding both XLK and VYM?
XLK and VYM have moderate overlap: about 12.4% of normalized fund weight across 19 shared securities. There is meaningful duplication, but the funds still include substantial distinct exposure.
What is the difference between XLK and VYM?
XLK is a technology-sector fund (US Sector – Technology, 0.09% expense ratio) and VYM is a dividend fund (US Dividend, 0.06% expense ratio). The dataset includes 73 XLK holdings as of 2026-08-24 and 605 VYM holdings as of 2026-08-24.
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