VTV vs VYM: 69% overlap
Vanguard Value ETF and Vanguard High Dividend Yield ETF share 69.2% 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 1.3. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
VTV and VYM hold 199 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VTV | in VYM | Δ |
|---|---|---|---|
| JPM | 3.1% | 3.4% | 0.3% |
| JNJ | 2.3% | 2.5% | 0.3% |
| XOM | 2.1% | 2.4% | 0.2% |
| CAT | 1.8% | 2.0% | 0.2% |
| ABBV | 1.7% | 1.8% | 0.2% |
| CSCO | 1.6% | 1.9% | 0.4% |
| UNH | 1.4% | 1.6% | 0.1% |
| BAC | 1.4% | 1.6% | 0.2% |
| HD | 1.3% | 1.5% | 0.1% |
| PG | 1.3% | 1.4% | 0.1% |
Where VTV 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 | VTV | VYM | Δ |
|---|---|---|---|
| Information Technology | 14.1% | 16.7% | −2.7pp |
| Real Estate | 2.5% | 0.0% | +2.5pp |
| Consumer Discretionary | 3.9% | 6.4% | −2.5pp |
| Health Care | 15.1% | 13.1% | +2.0pp |
| Industrials | 15.0% | 13.2% | +1.8pp |
| Energy | 6.8% | 8.5% | −1.7pp |
| Financials | 22.1% | 20.9% | +1.1pp |
| Utilities | 4.8% | 5.7% | −0.9pp |
Δ is VTV 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
30.8% of VTV by weight, held in no part of VYM.
21.3% of VYM by weight, held in no part of VTV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VTV | VYM | |
|---|---|---|
| Top 10 holdings | 23.6% | 26.0% |
| Positions held | 309 | 606 |
| Cost per $10,000 held, per year | $3 | $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 VTV and VYM overlap?
VTV and VYM overlap 69.2% by portfolio weight — substantial duplication if you hold both. They share 199 holdings. The figure comes from current issuer holdings files (VTV as of 2026-06-30, VYM as of 2026-06-30).
How is the overlap between VTV and VYM calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VTV 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 VTV and VYM?
That depends on your goals — we state facts, not advice. At 69.2% overlap, each fund still contributes meaningfully distinct exposure.
What does VTV own that VYM doesn't?
VTV holds 309 positions and VYM holds 606; 110 of VTV's positions don't appear in VYM at all, and they are 30.8% of VTV by weight.
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Related comparisons
Sources: issuer holdings files, VTV as of 2026-06-30, VYM as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.