IVW vs VYM: 18% overlap
iShares S&P 500 Growth ETF and Vanguard High Dividend Yield ETF share 17.7% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVW and VYM hold 43 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVW | in VYM | Δ |
|---|---|---|---|
| AVGO | 5.4% | 7.3% | 1.9% |
| JPM | 1.8% | 3.4% | 1.5% |
| CAT | 1.2% | 2.0% | 0.8% |
| JNJ | 1.1% | 2.5% | 1.5% |
| RTX | 0.8% | 1.1% | 0.2% |
| CSCO | 0.7% | 1.9% | 1.2% |
| ABBV | 0.6% | 1.8% | 1.2% |
| GS | 0.6% | 1.1% | 0.6% |
| PM | 0.5% | 1.2% | 0.7% |
| MS | 0.5% | 1.0% | 0.5% |
Where IVW and VYM differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | IVW | VYM | Δ |
|---|---|---|---|
| Information Technology | 52.5% | 16.7% | +35.8pp |
| Financials | 9.2% | 20.9% | −11.8pp |
| Communication Services | 14.7% | 3.1% | +11.7pp |
| Energy | 0.0% | 8.5% | −8.5pp |
| Consumer Staples | 1.2% | 8.0% | −6.9pp |
| Health Care | 6.3% | 13.1% | −6.8pp |
| Industrials | 6.6% | 13.2% | −6.6pp |
| Utilities | 0.4% | 5.7% | −5.3pp |
Δ is IVW minus VYM, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
82.3% of IVW by weight, held in no part of VYM.
65.1% of VYM by weight, held in no part of IVW.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IVW | VYM | |
|---|---|---|
| Top 10 holdings | 58.2% | 26.0% |
| Positions held | 149 | 606 |
| Cost per $10,000 held, per year | $18 | $4 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do IVW and VYM overlap?
IVW and VYM overlap 17.7% by portfolio weight — moderate overlap. They share 43 holdings. The figure comes from current issuer holdings files (IVW as of 2026-07-23, VYM as of 2026-06-30).
How is the overlap between IVW and VYM calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IVW holds a stock at 6% and VYM holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both IVW and VYM?
That depends on your goals — we state facts, not advice. At 17.7% overlap, each fund still contributes meaningfully distinct exposure.
What does IVW own that VYM doesn't?
IVW holds 149 positions and VYM holds 606; 105 of IVW's positions don't appear in VYM at all, and they are 82.3% of IVW by weight.
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Related comparisons
Sources: issuer holdings files, IVW as of 2026-07-23, VYM as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.