SMH vs VYM Overlap
SMH is a semiconductor-focused equity ETF from VanEck, while VYM is a dividend-focused equity ETF from Vanguard. SMH and VYM show limited overlap, with an estimated weighted overlap of 9.79%. They share 7 holdings in the loaded dataset, led by AVGO, TXN, and QCOM.
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Quick Answer
SMH is a semiconductor-focused equity ETF from VanEck, while VYM is a dividend-focused equity ETF from Vanguard. SMH and VYM show limited overlap, with an estimated weighted overlap of 9.79%. They share 7 holdings in the loaded dataset, led by AVGO, TXN, and QCOM.
- 9.79% weighted overlap across 7 shared holdings.
- The top three shared holdings explain 87.91% of the measured overlap.
- VYM is the broader fund, while SMH is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- SMH holdings
- Mar 12, 2026
- VYM holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
SMH is a semiconductor-focused equity ETF from VanEck, while VYM is a dividend-focused equity ETF from Vanguard. SMH and VYM do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like AVGO, TXN, and QCOM.
How They Differ
SMH is a semiconductor-focused equity ETF from VanEck, while VYM is a dividend-focused equity ETF from Vanguard. VYM is the broader fund, while SMH is the more targeted sleeve. VYM has the lower expense ratio, while SMH charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 87.91% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
If you want the broader portfolio building block, VYM is usually the wider choice. If you want the more focused tilt, SMH is the narrower expression. VYM has the lower expense ratio, while SMH charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 87.91% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between SMH and VYM.
| Holding | Name | SMH Wt. | VYM Wt. | Overlap |
|---|---|---|---|---|
| AVGO | Broadcom Inc | 7.56% | 6.97% | 6.97% |
| TXN | Texas Instruments Inc | 4.60% | 0.89% | 0.89% |
| QCOM | Qualcomm Inc | 3.14% | 0.75% | 0.75% |
| ADI | Analog Devices Inc | 4.55% | 0.70% | 0.70% |
| NXPI | Nxp Semiconductors Nv | 1.25% | 0.26% | 0.26% |
| MCHP | Microchip Technology Inc | 0.90% | 0.18% | 0.18% |
| SWKS | Skyworks Solutions Inc | 0.20% | 0.04% | 0.04% |
Why These ETFs Overlap
SMH is a semiconductor-focused equity ETF from VanEck, while VYM is a dividend-focused equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are AVGO, TXN, and QCOM, which appear in both portfolios and push the overlap score higher.
Holding both SMH and VYM can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
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Frequently Asked Questions About SMH and VYM
What is the overlap between SMH and VYM?+
How many holdings do SMH and VYM share?+
Is the SMH and VYM overlap high?+
Why do SMH and VYM overlap?+
Which ETF is broader, SMH or VYM?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.