USMV is an equity ETF from IShares, while VYM is a dividend-focused equity ETF from Vanguard. USMV and VYM show meaningful overlap, with an estimated weighted overlap of 30.19%. They share 80 holdings in the loaded dataset, led by 30231G102, CSCO, and JNJ.
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USMV is an equity ETF from IShares, while VYM is a dividend-focused equity ETF from Vanguard. USMV and VYM show meaningful overlap, with an estimated weighted overlap of 30.19%. They share 80 holdings in the loaded dataset, led by 30231G102, CSCO, and JNJ.
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USMV is an equity ETF from IShares, while VYM is a dividend-focused equity ETF from Vanguard. USMV and VYM overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as 30231G102, CSCO, and JNJ, which explains why the score lands at 30.19%.
USMV is an equity ETF from IShares, while VYM is a dividend-focused equity ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VYM has the lower expense ratio, while USMV charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 15.06% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
Because USMV and VYM are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VYM has the lower expense ratio, while USMV charges more for its exposure.
Concentration
The top three shared holdings explain 15.06% 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.
These are the holdings contributing the most to the overlap score between USMV and VYM.
| Holding | Name | USMV Wt. | VYM Wt. | Overlap |
|---|---|---|---|---|
| 30231G102 | EXXON MOBIL CORPORATION | 1.60% | 2.72% | 1.60% |
| CSCO | CISCO SYSTEMS, INC. | 1.80% | 1.52% | 1.52% |
| JNJ | JOHNSON & JOHNSON | 1.43% | 2.30% | 1.43% |
| KO | THE COCA-COLA COMPANY | 1.19% | 1.28% | 1.19% |
| MRK | MERCK & CO., INC. | 1.17% | 1.13% | 1.13% |
| PG | THE PROCTER & GAMBLE COMPANY | 1.10% | 1.44% | 1.10% |
| PEP | Pepsico, Inc. | 1.01% | 0.90% | 0.90% |
| IBM | INTERNATIONAL BUSINESS MACHINES CORPORATION | 1.11% | 0.89% | 0.89% |
| MCD | MCDONALD'S CORPORATION | 1.24% | 0.87% | 0.87% |
| VZ | VERIZON COMMUNICATIONS INC. | 1.49% | 0.84% | 0.84% |
USMV is an equity ETF from IShares, 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 30231G102, CSCO, and JNJ, which appear in both portfolios and push the overlap score higher.
Holding both USMV and VYM can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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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.