VIG vs SPYI: Holdings Overlap
VIGVanguard Dividend Appreciation Index Fund
Vanguard · 332 holdings · $113.6B · as of 2026-04-30
SPYINEOS S&P 500(R) High Income ETF
NEOS · 505 holdings · $11.3B · as of 2026-03-31
Holdings snapshots are 30 days apart (VIG: 2026-04-30, SPYI: 2026-03-31). 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 VIG and SPYI?
Vanguard Dividend Appreciation Index Fund (VIG, by Vanguard) holds 332 positions; NEOS S&P 500(R) High Income ETF (SPYI, by NEOS) holds 505. They have 168 holdings in common, and by portfolio weight the two funds are 41.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 168VIG holds 332 · SPYI holds 505
- Weight in Shared Holdings
- VIG 95%·SPYI 45%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 VIG
164 of 332 positions (4.4% of the fund) are not held by SPYI. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIG | SPYI |
|---|---|---|
| Information Technology | 25.5% | 32.6% |
| Financials | 20.5% | 12.6% |
| Health Care | 16.4% | 9.4% |
| Industrials | 12.1% | 8.8% |
| Communication Services | 0.0% | 10.5% |
| Other Sectors | 24.9% | 25.7% |
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 |
|---|---|---|---|---|---|---|---|
| VIG | +2.7% | +12.5% | +21.0% | +16.3% | +10.9% | +13.2% | 1.46% |
| SPYI | +2.7% | +10.7% | +19.9% | +16.1% | — | — | 11.65% |
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 VIG vs SPYI →
Shared Holdings(168)
The top 10 shared positions account for 44% of the overlap, led by AAPL, MSFT and AVGO.
 AAPLApple Inc. COM | 4.07% | 6.74% | 4.07% |
|---|---|---|---|
 MSFTMicrosoft Corp. COM | 3.97% | 4.94% | 3.97% |
 AVGOBroadcom Inc COM | 5.18% | 2.61% | 2.61% |
 JPMJPMorgan Chase & Co. COM | 3.59% | 1.44% | 1.44% |
 LLYEli Lilly & Co. COM | 3.34% | 1.32% | 1.32% |
 XOMExxon Mobil Corp. COM | 2.90% | 1.29% | 1.29% |
 JNJJohnson & Johnson COM | 2.49% | 1.06% | 1.06% |
 WMTWalmart Inc COM | 2.60% | 0.98% | 0.98% |
 VVisa, Inc., Class A | 2.33% | 0.91% | 0.91% |
 COSTCostco Wholesale Corporation COM | 2.03% | 0.78% | 0.78% |
 MAMasterCard Incorporated CL A | 1.84% | 0.73% | 0.73% |
 ABBVAbbVie Inc. COM | 1.68% | 0.69% | 0.69% |
 PGThe Procter & Gamble Co. COM | 1.54% | 0.60% | 0.60% |
 CATCaterpillar Inc COM | 1.87% | 0.58% | 0.58% |
 HDHome Depot, Inc. (The) | 1.47% | 0.58% | 0.58% |
 BACBank of America Corp. COM | 1.57% | 0.58% | 0.58% |
 CSCOCisco Systems, Inc. COM | 1.63% | 0.55% | 0.55% |
 MRKMerck & Co., Inc COM | 1.22% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 1.37% | 0.52% | 0.52% |
 LRCXLam Research Corporation COM NEW | 1.45% | 0.47% | 0.47% |
 GSGoldman Sachs Group, Inc. (The) | 1.19% | 0.44% | 0.44% |
 ORCLOracle Corp. COM | 1.23% | 0.43% | 0.43% |
 UNHUnitedHealth Group Inc. COM | 1.51% | 0.43% | 0.43% |
 LINLinde PLC COM EUR0.001 | 1.05% | 0.41% | 0.41% |
 IBMInternational Business Machines Corp. COM | 0.97% | 0.40% | 0.40% |
Frequently Asked Questions
How much do VIG and SPYI overlap?
VIG and SPYI overlap by 41.6% of portfolio weight. They share 168 holdings (VIG holds 332 positions and SPYI holds 505), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIG and SPYI?
The two portfolios are 41.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VIG and SPYI?
The largest positions held by both funds are AAPL, MSFT, AVGO, JPM and LLY. Together the top 10 shared positions account for 44% of the total overlap.
What does VIG own that SPYI doesn't?
164 positions (4.4% of VIG) are unique to VIG, led by SUNB, CASY and BWXT. In the other direction, 337 positions (54.2% of SPYI) are unique to SPYI.