SPYM vs VTI: 87% overlap
State Street SPDR Portfolio S&P 500 ETF and Vanguard Total Stock Market ETF share 86.7% 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 1.1. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SPYM and VTI hold 502 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SPYM | in VTI | Δ |
|---|---|---|---|
| NVDA | 7.9% | 6.3% | 1.6% |
| AAPL | 7.4% | 5.8% | 1.6% |
| MSFT | 4.4% | 3.8% | 0.6% |
| AMZN | 3.6% | 3.2% | 0.4% |
| GOOGL | 2.9% | 2.9% | 0.0% |
| AVGO | 2.9% | 2.5% | 0.5% |
| GOOG | 2.4% | 2.3% | 0.1% |
| MU | 1.8% | 1.8% | 0.0% |
| META | 2.1% | 1.7% | 0.4% |
| TSLA | 1.4% | 1.6% | 0.2% |
Where SPYM and VTI 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 | SPYM | VTI | Δ |
|---|---|---|---|
| Information Technology | 37.5% | 35.2% | +2.3pp |
| Industrials | 8.9% | 10.4% | −1.5pp |
| Cash and/or Derivatives | 0.1% | 0.6% | −0.6pp |
| Financials | 12.4% | 11.9% | +0.5pp |
| Consumer Discretionary | 8.7% | 9.2% | −0.4pp |
| Health Care | 9.1% | 9.5% | −0.4pp |
| Real Estate | 1.9% | 2.2% | −0.3pp |
| Consumer Staples | 4.6% | 4.3% | +0.3pp |
Δ is SPYM minus VTI, 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
0.1% of SPYM by weight, held in no part of VTI.
11.6% of VTI by weight, held in no part of SPYM.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SPYM | VTI | |
|---|---|---|
| Top 10 holdings | 36.9% | 31.9% |
| Positions held | 507 | 3,495 |
| Cost per $10,000 held, per year | $2 | $3 |
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 SPYM and VTI overlap?
SPYM and VTI overlap 86.7% by portfolio weight — substantial duplication if you hold both. They share 502 holdings. The figure comes from current issuer holdings files (SPYM as of 2026-07-23, VTI as of 2026-06-30).
How is the overlap between SPYM and VTI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SPYM holds a stock at 6% and VTI 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 SPYM and VTI?
That depends on your goals — we state facts, not advice. At 86.7% overlap, most of what one fund holds, the other holds too. Expense ratios: SPYM 0.02% versus VTI 0.03%.
What does SPYM own that VTI doesn't?
SPYM holds 507 positions and VTI holds 3,495; 4 of SPYM's positions don't appear in VTI at all, and they are 0.1% of SPYM by weight.
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Related comparisons
Sources: issuer holdings files, SPYM as of 2026-07-23, VTI as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.