VGSLX vs VYM: 1% overlap
Vanguard Real Estate Index Admiral and Vanguard High Dividend Yield ETF share 0.5% 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VGSLX and VYM hold 3 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VGSLX | in VYM | Δ |
|---|---|---|---|
| CASH | 0.6% | 0.5% | 0.1% |
| NMRK | 0.1% | 0.0% | 0.1% |
| AGNT | 0.0% | 0.0% | 0.0% |
Where VGSLX 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 | VGSLX | VYM | Δ |
|---|---|---|---|
| Real Estate | 84.0% | 0.0% | +84.0pp |
| Financials | 0.3% | 20.9% | −20.7pp |
| Information Technology | 0.0% | 16.7% | −16.7pp |
| Unclassified | 14.7% | 0.0% | +14.6pp |
| Industrials | 0.0% | 13.2% | −13.2pp |
| Health Care | 0.0% | 13.1% | −13.1pp |
| Energy | 0.0% | 8.5% | −8.5pp |
| Consumer Staples | 0.2% | 8.0% | −7.9pp |
Δ is VGSLX 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
99.2% of VGSLX by weight, held in no part of VYM.
99.5% of VYM by weight, held in no part of VGSLX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VGSLX | VYM | |
|---|---|---|
| Top 10 holdings | 54.1% | 26.0% |
| Positions held | 145 | 606 |
| Cost per $10,000 held, per year | $13 | $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 VGSLX and VYM overlap?
VGSLX and VYM overlap 0.5% by portfolio weight — largely distinct portfolios. They share 3 holdings. The figure comes from current issuer holdings files (VGSLX as of 2026-06-30, VYM as of 2026-06-30).
How is the overlap between VGSLX and VYM calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VGSLX 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 VGSLX and VYM?
That depends on your goals — we state facts, not advice. At 0.5% overlap, each fund still contributes meaningfully distinct exposure.
What does VGSLX own that VYM doesn't?
VGSLX holds 145 positions and VYM holds 606; 142 of VGSLX's positions don't appear in VYM at all, and they are 99.2% of VGSLX by weight.
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Related comparisons
Sources: issuer holdings files, VGSLX as of 2026-06-30, VYM as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.