SOXX vs VYM: Correlation & Overlap
iShares Semiconductor ETF (SOXX) and Vanguard High Dividend Yield ETF (VYM) show a moderate relationship: their 3-year correlation of weekly returns is 0.58. Looking through to holdings, 9.9% of the two portfolios is the same by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VYM?
Across a 3-year window, the weekly returns of SOXX and VYM correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 249.5 %².
By 3-year correlation, VYM places #90 of the 127 assets tracked against SOXX. The last year tells two different stories: SOXX led by 88.9 percentage points, +110.0% for SOXX against +21.1% for VYM. On a rolling one-year basis the correlation drifted between 0.37 and 0.78, a moderate band. Risk is not evenly split, since SOXX carries 2.9 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SOXX vs VYM: side by side
| SOXX (iShares Semiconductor ETF) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +110.0% | +21.1% |
| 5-year return | +247.5% | +76.6% |
| Volatility (ann.) | 35.2% | 12.3% |
| Beta vs S&P 500 | 1.93 | 0.69 |
| Max drawdown (3Y) | -41.4% | -14.5% |
| Dividend yield | 0.29% | 2.24% |
| Expense ratio | 0.33% | 0.04% |
| Assets under management | $44.7B | $99.2B |
| Sector / category | ETF · Thematic | ETF · Dividend |
SOXX, iShares's Technology fund, carries $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield. VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Portfolio overlap between SOXX and VYM
The two portfolios are largely distinct. Weighing the shared positions, 9.9% of the two funds is identical, spread across 7 common holdings. That shared book is a large part of why the returns line up.
| Common holding | Weight in SOXX | Weight in VYM |
|---|---|---|
| AVGO | 7.11% | 7.37% |
| TXN | 3.83% | 1.02% |
| ADI | 4.01% | 0.73% |
| QCOM | 2.91% | 0.63% |
| NXPI | 3.10% | 0.24% |
| MCHP | 2.19% | 0.16% |
| SWKS | 0.55% | 0.04% |
Largest positions held only by SOXX: NVDA (8.87%), MU (8.64%), AMD (8.33%), MRVL (5.34%), INTC (4.97%). Only by VYM: JPM (3.83%), XOM (2.63%), JNJ (2.51%), CSCO (1.87%), ABBV (1.81%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 7 common positions shown.
Year-by-year returns
| Year | SOXX | VYM |
|---|---|---|
| 2022 | -35.1% | -0.4% |
| 2023 | +67.1% | +6.6% |
| 2024 | +12.9% | +17.6% |
| 2025 | +40.7% | +15.4% |
| 2026 | +74.7% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VYM good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SOXX and VYM?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.49 over the last year and 0.59 over 5 years.
Is VYM a good diversifier for SOXX?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
How much do SOXX and VYM overlap?
9.9% by weight, across 7 common holdings, based on issuer-disclosed portfolios as of 2026-08-26.
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