VYM vs XLK Overlap
VYM is a dividend-focused equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VYM and XLK show limited overlap, with an estimated weighted overlap of 13.44%. They share 19 holdings in the loaded dataset, led by AVGO, CSCO, and IBM.
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Quick Answer
VYM is a dividend-focused equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VYM and XLK show limited overlap, with an estimated weighted overlap of 13.44%. They share 19 holdings in the loaded dataset, led by AVGO, CSCO, and IBM.
- 13.44% weighted overlap across 19 shared holdings.
- The top three shared holdings explain 60.97% of the measured overlap.
- VYM is the broader fund, while XLK 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
- VYM holdings
- Mar 12, 2026
- XLK 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
VYM is a dividend-focused equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VYM and XLK 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, CSCO, and IBM.
How They Differ
VYM is a dividend-focused equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VYM is the broader fund, while XLK is the more targeted sleeve. VYM has the lower expense ratio, while XLK 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 60.97% 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, XLK is the narrower expression. VYM has the lower expense ratio, while XLK charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 60.97% 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 VYM and XLK.
| Holding | Name | VYM Wt. | XLK Wt. | Overlap |
|---|---|---|---|---|
| AVGO | Broadcom Inc | 6.97% | 5.48% | 5.48% |
| CSCO | Cisco Systems Inc | 1.42% | 2.71% | 1.42% |
| IBM | International Business Machines Corp | 1.30% | 2.07% | 1.30% |
| TXN | Texas Instruments Inc | 0.89% | 1.58% | 0.89% |
| ACN | Accenture PLC | 0.75% | 1.10% | 0.75% |
| QCOM | QUALCOMM Inc | 0.75% | 1.28% | 0.75% |
| ADI | Analog Devices Inc | 0.70% | 1.39% | 0.70% |
| STX | Seagate Technology Holdings PLC | 0.39% | 0.74% | 0.39% |
| GLW | Corning Inc | 0.37% | 0.94% | 0.37% |
| TEL | TE Connectivity PLC | 0.30% | 0.53% | 0.30% |
Why These ETFs Overlap
VYM is a dividend-focused equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are AVGO, CSCO, and IBM, which appear in both portfolios and push the overlap score higher.
Holding both VYM and XLK 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 VYM and XLK
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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.