VTV vs VYM Overlap
Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VYM is a dividend-focused equity ETF. VTV and VYM show heavy overlap, with an estimated weighted overlap of 69.32%. They share 185 holdings in the loaded dataset, led by JPM, XOM, and JNJ.
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Quick Answer
Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VYM is a dividend-focused equity ETF. VTV and VYM show heavy overlap, with an estimated weighted overlap of 69.32%. They share 185 holdings in the loaded dataset, led by JPM, XOM, and JNJ.
- 69.32% weighted overlap across 185 shared holdings.
- The top three shared holdings explain 11.37% of the measured overlap.
- VTV and VYM are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- VTV 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
Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VYM is a dividend-focused equity ETF. VTV and VYM share a large chunk of the same portfolio weight. The overlap is driven by positions like JPM, XOM, and JNJ, so owning both may not diversify your stock exposure as much as the fund names suggest.
How They Differ
Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VYM is a dividend-focused equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VTV has the lower expense ratio, while VYM 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 11.37% 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
Because VTV and VYM are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VTV has the lower expense ratio, while VYM charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 11.37% 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 VTV and VYM.
| Holding | Name | VTV Wt. | VYM Wt. | Overlap |
|---|---|---|---|---|
| JPM | JPMorgan Chase & Co | 3.25% | 3.64% | 3.25% |
| XOM | Exxon Mobil Corp | 2.42% | 2.72% | 2.42% |
| JNJ | Johnson & Johnson | 2.22% | 2.49% | 2.22% |
| WMT | Walmart Inc | 2.12% | 2.36% | 2.12% |
| ABBV | AbbVie Inc | 1.60% | 1.80% | 1.60% |
| HD | Home Depot Inc/The | 1.51% | 1.70% | 1.51% |
| PG | Procter & Gamble Co/The | 1.44% | 1.62% | 1.44% |
| BAC | Bank of America Corp | 1.38% | 1.57% | 1.38% |
| CVX | Chevron Corp | 1.37% | 1.51% | 1.37% |
| CAT | Caterpillar Inc | 1.25% | 1.39% | 1.25% |
Why These ETFs Overlap
Both funds come from Vanguard. VTV is a U.S. value equity ETF, while VYM is a dividend-focused equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are JPM, XOM, and JNJ, which appear in both portfolios and push the overlap score higher.
Holding both VTV and VYM may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
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Frequently Asked Questions About VTV and VYM
What is the overlap between VTV and VYM?+
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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.