SOXX vs VYM: 11% overlap
iShares Semiconductor ETF and Vanguard High Dividend Yield ETF share 10.7% 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SOXX and VYM hold 8 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SOXX | in VYM | Δ |
|---|---|---|---|
| AVGO | 7.3% | 7.3% | 0.0% |
| TXN | 3.9% | 1.1% | 2.8% |
| QCOM | 2.8% | 0.8% | 2.0% |
| ADI | 3.8% | 0.8% | 3.0% |
| NXPI | 3.6% | 0.3% | 3.3% |
| MCHP | 2.2% | 0.2% | 2.0% |
| CASH | 0.1% | 0.5% | 0.4% |
| SWKS | 0.5% | 0.0% | 0.4% |
Where SOXX 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 | SOXX | VYM | Δ |
|---|---|---|---|
| Information Technology | 99.9% | 16.7% | +83.1pp |
| Financials | 0.0% | 20.9% | −20.9pp |
| Industrials | 0.0% | 13.2% | −13.2pp |
| Health Care | 0.0% | 13.1% | −13.1pp |
| Energy | 0.0% | 8.5% | −8.5pp |
| Consumer Staples | 0.0% | 8.0% | −8.0pp |
| Consumer Discretionary | 0.0% | 6.4% | −6.4pp |
| Utilities | 0.0% | 5.7% | −5.7pp |
Δ is SOXX 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
75.6% of SOXX by weight, held in no part of VYM.
88.9% of VYM by weight, held in no part of SOXX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SOXX | VYM | |
|---|---|---|
| Top 10 holdings | 60.9% | 26.0% |
| Positions held | 32 | 606 |
| Cost per $10,000 held, per year | $34 | $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 SOXX and VYM overlap?
SOXX and VYM overlap 10.7% by portfolio weight — largely distinct portfolios. They share 8 holdings. The figure comes from current issuer holdings files (SOXX as of 2026-07-23, VYM as of 2026-06-30).
How is the overlap between SOXX and VYM calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SOXX 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 SOXX and VYM?
That depends on your goals — we state facts, not advice. At 10.7% overlap, each fund still contributes meaningfully distinct exposure.
What does SOXX own that VYM doesn't?
SOXX holds 32 positions and VYM holds 606; 23 of SOXX's positions don't appear in VYM at all, and they are 75.6% of SOXX by weight.
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Related comparisons
Sources: issuer holdings files, SOXX as of 2026-07-23, VYM as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.