VYM vs SPY: Complete Comparison
Vanguard High Dividend Yield ETF vs SPDR S&P 500 ETF Trust โ overlap, correlation, performance & risk analysis
Visual Overlap
๐Performance Comparison
โ ๏ธRisk Metrics
Interpretation:
- ๐ Lower volatility = smoother ride
- โก Higher Sharpe/Sortino = better risk-adjusted returns
- โ ๏ธ Smaller max drawdown = less worst-case pain
- ๐ Beta > 1 = more volatile than S&P 500
โ๏ธHead-to-Head Comparison
๐ SPY wins this comparison
Key Factors
โถAdditional Metrics (5)
Bottom line: SPY wins with better number of holdings and 5-year return. Consider SPY for your portfolio, but VYM is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
10 shared holdings representing 9.8% portfolio overlap
Top Shared Holdings
| # | Stock | VYM Weight | SPY Weight | Overlap |
|---|---|---|---|---|
| 1 | AVGO Broadcom Inc | 4.52% | 2.79% | 2.79% |
| 2 | JPM JPMorgan Chase & Co | 3.82% | 1.51% | 1.51% |
| 3 | XOM Exxon Mobil Corp | 3.24% | 0.85% | 0.85% |
| 4 | JNJ Johnson & Johnson | 2.51% | 0.84% | 0.84% |
| 5 | WMT Walmart Inc | 1.98% | 0.83% | 0.83% |
| 6 | ABBV AbbVie Inc | 2.38% | 0.68% | 0.68% |
| 7 | BAC Bank of America Corp | 1.85% | 0.64% | 0.64% |
| 8 | HD Home Depot Inc | 2.58% | 0.58% | 0.58% |
| 9 | PG Procter & Gamble Co | 2.65% | 0.57% | 0.57% |
| 10 | MRK Merck & Co Inc | 2.15% | 0.45% | 0.45% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in SPY
Unique to SPY
| Symbol | Name | Weight |
|---|---|---|
| NVDA | NVDA | 7.73% |
| AAPL | AAPL | 6.82% |
| MSFT | MSFT | 6.11% |
| AMZN | AMZN | 3.81% |
| GOOGL | GOOGL | 3.08% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.