VIG vs VYM
Vanguard Dividend Appreciation ETF against Vanguard High Dividend Yield ETF.
The short answer
Same issuer, same fee of 0.04%, different screens. VIG selects ten years of rising dividends and drops the highest yielders; VYM selects above-median yield. That leaves 209 companies in both, 64.7% of VIG and 63.6% of VYM, and Broadcom at the top of each.
The two funds
- Last close, 2026-09-04
- $242.02 -0.46%
- Cost per year
- 0.04%
- Return, 1 year
- 16.0%
- Return, 3 years
- 58.2%
- Worst fall, 3 years
- -12.7%
- Volatility
- 11.9%calmer
- Positions
- 333
- Top 10 weight
- 33.6%
- Last close, 2026-09-04
- $164.23 -0.40%
- Cost per year
- 0.04%
- Return, 1 year
- 20.6%higher
- Return, 3 years
- 67.0%higher
- Worst fall, 3 years
- -12.1%shallower
- Volatility
- 12.3%
- Positions
- 604
- Top 10 weight
- 26.2%
VIG and VYM, prices through 2026-09-04. How the badges are decided.
Holdings overlap
209 companies sit in both funds. That is 64.7% of VIG's own weight and 63.6% of VYM's.
Side by side
Issuer files, VIG 31 Jul 2026, VYM 31 Jul 2026
What the numbers say
One screen for growth of the dividend, one for its size
VIG's index keeps companies that have raised their dividend for ten straight years and then removes the highest-yielding quarter of them. VYM's index takes every company whose forecast yield is above the market median, REITs excluded. The two rules agree on 209 companies, 60.9% of the pair's weight, and Broadcom, JPMorgan, Exxon, Johnson & Johnson and Cisco are the largest of them.
The names each rule excludes
VIG's rules leave out Chevron, Philip Morris and Verizon, each of them a large VYM position. VYM's yield floor leaves out Apple, Microsoft, Eli Lilly, Visa and Mastercard, which VIG holds. The unshared part is balanced in weight, 35.3% of VIG against 36.4% of VYM, but not in count: VYM has 395 companies VIG lacks, VIG 124 that VYM lacks.
What the yield gap bought
VYM yields 2.22% against 1.48% for VIG, and over this stretch the higher payer has also returned more: 20.6% against 16.0% over one year, 67.0% against 58.2% over three, and 80.2% against 65.7% over five. Risk was close to identical, 12.3% volatility against 11.9% and worst falls of -12.1% against -12.7%. Both charge 0.04%, and the fee gap is $0 on a $10,000 position.
Spread across more companies, or fewer
VYM spreads 604 positions with 26.2% in its top ten; VIG has 333 and 33.6%. Their weekly returns correlated at 0.94 over three years, so owning both changes the yield of the whole and the weight of Broadcom, which both hold near the top, more than it changes the direction of travel.
Where they hold the same companies
| Measure | Value |
|---|---|
| Overlap by weight | 60.9% |
| Share of VIG held in common with VYM | 64.7% |
| Share of VYM held in common with VIG | 63.6% |
| Companies in both | 209 |
| Positions in VIG / VYM | 333 / 604 |
VIG holdings as published 2026-07-31, VYM 2026-07-31.
Largest positions held by both
| Rank | Company | In VIG | In VYM | Weight in each | Overlap |
|---|---|---|---|---|---|
| 1 | AVGO Broadcom Inc. | 4.65% | 7.37% | 4.65% | |
| 2 | JPM JPMorgan Chase & Co. | 4.09% | 3.83% | 3.83% | |
| 3 | XOM ExxonMobil Holdings Corp. | 2.8% | 2.63% | 2.63% | |
| 4 | JNJ Johnson & Johnson | 2.68% | 2.51% | 2.51% | |
| 5 | CSCO Cisco Systems Inc. | 1.99% | 1.87% | 1.87% | |
| 6 | ABBV AbbVie Inc. | 1.92% | 1.81% | 1.81% | |
| 7 | BAC Bank of America Corp. | 1.75% | 1.67% | 1.67% | |
| 8 | UNH UnitedHealth Group Inc. | 1.63% | 1.52% | 1.52% | |
| 9 | CAT Caterpillar Inc. | 1.63% | 1.51% | 1.51% | |
| 10 | KO Coca-Cola Co. | 1.47% | 1.39% | 1.39% | |
| 11 | PG Procter & Gamble Co. | 1.46% | 1.37% | 1.37% | |
| 12 | HD Home Depot Inc. | 1.43% | 1.35% | 1.35% | |
| 13 | MRK Merck & Co. Inc. | 1.4% | 1.31% | 1.31% | |
| 14 | GS Goldman Sachs Group Inc. | 1.24% | 1.14% | 1.14% | |
| 15 | TXN Texas Instruments Inc. | 1.09% | 1.02% | 1.02% |
Held by only one of them
| In VIG only | Weight | In VYM only | Weight |
|---|---|---|---|
| AAPL Apple Inc. | 4.47% | CVX Chevron Corp. | 1.49% |
| MSFT Microsoft Corp. | 4.35% | PM Philip Morris International Inc. | 1.21% |
| LLY Eli Lilly & Co. | 3.94% | RTX RTX Corp. | 1.18% |
| V Visa Inc. Class A | 2.46% | WFC Wells Fargo & Co. | 1.08% |
| WMT Walmart Inc. | 2.12% | C Citigroup Inc. | 0.89% |
| MA Mastercard Inc. Class A | 2.01% | VZ Verizon Communications Inc. | 0.8% |
| COST Costco Wholesale Corp. | 1.83% | DIS Walt Disney Co. | 0.69% |
| LRCX Lam Research Corp. | 1.59% | T AT&T Inc. | 0.64% |
| KLAC KLA Corp. | 1.04% | COP ConocoPhillips | 0.6% |
| APH Amphenol Corp. Class A | 0.86% | PFE Pfizer Inc. | 0.58% |
Covariance and correlation
Covariance, annualised (%2)
| VIG | VYM | |
|---|---|---|
| VIG | 142 | 136.4 |
| VYM | 136.4 | 151 |
Percent squared per year, three years of weekly returns
Correlation, 3 years
| VIG | VYM | |
|---|---|---|
| VIG | 1.00 | 0.94usually in step |
| VYM | 0.94usually in step | 1.00 |
Weekly total returns, what the bands mean
Check it: 136.4 divided by (11.9 × 12.3) is 0.93, the correlation in the second matrix.
One year, side by side
Cost, returns and risk
| Measure | VIG | VYM |
|---|---|---|
| Expense ratio | 0.04% | 0.04% |
| Dividend yield | 1.48% | 2.22% |
| Total return, 1 year | 16.0% | 20.6% |
| Total return, 3 years cumulative | 58.2% | 67.0% |
| Total return, 5 years cumulative | 65.7% | 80.2% |
| Volatility, annualised on 3 years of weekly returns | 11.9% | 12.3% |
| Worst fall in 3 years, peak to trough, weekly closes | -12.7% | -12.1% |
| Beta against the S&P 500 | 0.74 | 0.69 |
| Positions held | 333 | 604 |
| Weight in the ten largest positions | 33.6% | 26.2% |
| Weight in the single largest position | 4.6% | 7.4% |
| Assets (Vanguard: whole fund, all share classes) | $132.3B | $100.7B |
Prices through 2026-09-04.
Year by year
| Year | VIG | VYM |
|---|---|---|
| 2026 | 11.0% | 15.8% |
| 2025 | 14.2% | 15.4% |
| 2024 | 17.0% | 17.6% |
| 2023 | 14.5% | 6.6% |
| 2022 | -9.8% | -0.4% |
Do they move together
| Window | Correlation of weekly returns |
|---|---|
| 1 year | 0.92 |
| 3 years | 0.94 |
| 5 years | 0.93 |
Where to go next
- VIG, the full page: every holding, and what else it duplicates
- VYM, the full page
- VOO vs VUG
- VT vs VTI
- QQQM vs SCHG
- Run the x-ray on your whole portfolio, this pair included
- Check any other pair in the overlap calculator
How these numbers are produced · Ask the same questions from your assistant
