SMH vs VYM: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
VYMVanguard High Dividend Yield Index Fund
Vanguard · 608 holdings · $83.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (SMH: 2026-03-31, VYM: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are SMH and VYM?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; Vanguard High Dividend Yield Index Fund (VYM, by Vanguard) holds 608. They have 7 holdings in common, and by portfolio weight the two funds are 11.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7SMH holds 25 · VYM holds 608
- Weight in Shared Holdings
- SMH 24%·VYM 11%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SMH
18 of 25 positions (76.3% of the fund) are not held by VYM.
Sector Breakdown
| Sector | SMH | VYM |
|---|---|---|
| Information Technology | 99.9% | 16.7% |
| Financials | 0.0% | 20.6% |
| Industrials | 0.0% | 12.7% |
| Health Care | 0.0% | 12.1% |
| Energy | 0.0% | 9.7% |
| Other Sectors | 0.0% | 27.6% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
| VYM | +3.1% | +16.8% | +26.1% | +18.1% | +12.5% | +11.9% | 2.19% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SMH vs VYM →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by AVGO, TXN and ADI.
 AVGOBroadcom Inc COM | 7.79% | 8.03% | 7.79% |
|---|---|---|---|
 TXNTexas Instruments Inc. COM | 4.61% | 1.06% | 1.06% |
 ADIAnalog Devices Inc. COM | 4.70% | 0.82% | 0.82% |
 QCOMQUALCOMM Inc. COM | 4.09% | 0.80% | 0.80% |
 NXPINXP Semiconductors NV EUR0.20 | 1.24% | 0.31% | 0.31% |
 MCHPMicrochip Technology Incorporated COM | 1.00% | 0.20% | 0.20% |
 SWKSSkyworks Solutions, Inc. COM | 0.21% | 0.04% | 0.04% |
Frequently Asked Questions
How much do SMH and VYM overlap?
SMH and VYM overlap by 11.0% of portfolio weight. They share 7 holdings (SMH holds 25 positions and VYM holds 608), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and VYM?
The two portfolios are 11.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SMH and VYM?
The largest positions held by both funds are AVGO, TXN, ADI, QCOM and NXPI. Together the top 7 shared positions account for 100% of the total overlap.
What does SMH own that VYM doesn't?
18 positions (76.3% of SMH) are unique to SMH, led by NVDA, TSM and ASML. In the other direction, 601 positions (88.3% of VYM) are unique to VYM.