0050、00878、VTI一起持有會重複嗎？ETF持股重疊與配置解析

投資ETF是實現資產配置的有效方式，但許多投資者在選擇多檔ETF時，常常會有這樣的疑問：「0050、00878、VTI一起持有會重複嗎？」這不僅是新手常見的疑惑，也是

立即閱讀完整分析，優化您的ETF投資組合！

更多資訊可參考你會記錄每一次投資決策嗎？

同時持有0050、00878和VTI能分散投資風險，但需注意潛在的持股重複問題，以下提供具體建議：

分析成分股重疊度：使用ETF分析工具，檢查0050、00878與VTI的持股重疊情況，避免投資過度集中。
根據投資目標調整配置：若追求成長，可增加VTI的配置比例；若追求穩定收益，則可側重00878，並根據個人風險承受能力調整。
定期檢視與再平衡：定期（如每半年或一年）檢視投資組合，並根據市場變化調整配置比例，維持理想的資產配置。

內容目錄

ETF追蹤標的解析：0050、00878、VTI的成分股與投資範疇

0050 (元大台灣 50 ETF)

0050 ETF 主要追蹤台灣 50 指數，旨在提供投資人台灣市值最大、流動性最佳的 50 家上市公司股票的投資機會。其前十大持股通常包含：

台灣積體電路製造股份有限公司 (台積電)
鴻海精密工業股份有限公司
聯發科技股份有限公司
仁寶電腦工業股份有限公司
中華電信股份有限公司
中國信託金融控股股份有限公司
富邦金融控股股份有限公司
國泰金融控股股份有限公司
台達電子工業股份有限公司
廣達電腦股份有限公司

00878 (國泰永續高股息 ETF)

00878 ETF 是一檔以 ESG（環境、社會、公司治理）為主題的高股息 ETF，旨在投資於符合永續發展標準且具備良好股息發放記錄的台灣上市公司。由於其著重高股息和永續性，其持股會較為集中在高股息的產業和公司。具體持股明細通常會隨時間變動，但其策略會傾向於選擇現金流穩定、有持續發放股息的公司。

VTI (Vanguard Total Stock Market ETF)

VTI ETF 旨在追蹤美國整體股市的表現，提供廣泛的美國股票市場曝險，涵蓋大、中、小型股，以及成長股和價值股。其持股非常分散，包含數千檔股票。截至最近的資料，其前十大持股通常包括：

NVIDIA Corp. (輝達)
Microsoft Corp. (微軟)
Apple Inc. (蘋果)
Amazon.com Inc. (亞馬遜)
Meta Platforms, Inc. (Meta/Facebook)
Broadcom Inc.
Alphabet Inc. (Google)
Tesla, Inc. (特斯拉)
Berkshire Hathaway Inc. (波克夏海瑟威)
JPMorgan Chase & Co. (摩根大通)

VTI 的總持股數量龐大，超過 3500 檔個別股票，使其成為一種非常多元化的投資工具。

總結：

0050 側重於台灣市值最大的 50 家公司。
00878 側重於台灣符合 ESG 標準且具有高股息潛力的公司。
VTI 側重於追蹤美國整個股市的表現，涵蓋廣泛的美國上市公司。

持股重疊度分析：判斷0050、00878與VTI間的相似性與潛在風險

Here’s a detailed look at how the holdings of 0050, 00878, and VTI overlap, and how they differ:

0050 (Yuanta/P-shares Taiwan Top 50 ETF)

Focus: This ETF tracks the FTSE TWSE Taiwan 50 Index, investing in the top 50 large-cap companies in Taiwan.
Top Holdings: Its primary holdings include major Taiwanese companies such as Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC), Hon Hai Precision Industry Co., Ltd. (Foxconn), and MediaTek Inc.
Geographic Exposure: Primarily Taiwan.

00878 (Cathay Sustainability High Dividend ETF)

Focus: This ETF focuses on sustainability and high dividend-yielding stocks in Taiwan. It aims to track the performance of the Cathay Taiwan ESG Sustainable High Dividend Yield Index.
Top Holdings: While specific holdings can fluctuate, it generally includes companies with strong dividend payouts and ESG (Environmental, Social, and Governance) considerations within the Taiwanese market.
Geographic Exposure: Primarily Taiwan.

VTI (Vanguard Total Stock Market ETF)

Focus: VTI aims to replicate the performance of the CRSP U.S. Total Market Index, providing broad exposure to the entire U.S. equity market, including small, mid, and large-cap stocks.
Top Holdings: Its top holdings are typically large U.S. technology and growth companies such as NVIDIA, Microsoft, Apple, Amazon, and Meta Platforms.
Geographic Exposure: Primarily the United States.

Overlap Analysis

Minimal to No Direct Overlap: There is very little to no direct overlap in the specific stock holdings between 0050 and 00878 (which are Taiwan-focused) and VTI (which is U.S.-focused). These ETFs invest in vastly different markets and companies.
VTI vs. 0050/00878: VTI’s holdings are almost entirely U.S. companies, while 0050 and 00878 focus on Taiwanese companies. The only theoretical overlap would be if a very large multinational company happens to be listed in both Taiwan and the U.S. and is significant enough to be a top holding in any of these ETFs, which is highly unlikely given the distinct market focuses.
0050 vs. 00878: While both 0050 and 00878 invest in Taiwan, they have different selection criteria. 0050 tracks the top 50 largest companies, whereas 00878 specifically targets high-dividend and ESG-focused companies. This means while some companies might be present in both (as they are large and may also pay dividends), their exact portfolios will differ. For example, Taiwan Semiconductor Manufacturing Co. (TSMC) is a top holding for 0050, and it’s plausible it could also be held by 00878 if it meets the dividend and ESG criteria, but this is not guaranteed.

In Summary:

0050 and 00878 are focused on the Taiwanese market, with 0050 being a broad large-cap ETF and 00878 focusing on high-dividend and ESG stocks. They may have some common holdings due to both being Taiwan-focused, but their selection methodologies lead to different portfolios.
VTI is a U.S. total stock market ETF and its holdings are almost exclusively U.S. companies. Therefore, it has virtually no overlap with the Taiwan-focused 0050 and 00878.

An investor looking for diversification would consider these ETFs for exposure to different geographic markets (Taiwan vs. U.S.) and different investment strategies (broad market vs. dividend/ESG focus).

資產配置實踐：如何透過0050、00878、VTI構建分散化投資組合

Inclusion of 0050, 00878, and VTI in a portfolio can offer several benefits, primarily related to diversification, exposure to different markets, and income generation. Here’s a detailed breakdown:

0050: Yuanta/P-shares Taiwan Top 50 ETF

Broad Exposure to Taiwan’s Largest Companies: 0050 tracks the Taiwan 50 Index, which comprises the 50 largest companies by market capitalization listed on the Taiwan Stock Exchange. This provides investors with significant exposure to Taiwan’s leading industries and economic drivers.
Diversification within Taiwan: While it focuses on the top 50, it still offers diversification across various sectors within Taiwan’s economy.
Potential for Growth: Investing in the largest companies can provide opportunities for capital appreciation as these companies grow and innovate.
Dividend Income: 0050 pays dividends, offering a source of income for investors.
Affordability: Following a stock split, 0050 has become more affordable, allowing smaller investors to participate.

00878: Cathay Taiwan ESG Sustainability High Dividend Yield ETF

Focus on High Dividend Yield and ESG: 00878 specifically targets companies with high dividend yields that also meet Environmental, Social, and Governance (ESG) criteria. This appeals to investors looking for both income and sustainable investments.
Quarterly Dividend Payouts: It is Taiwan’s first ETF to offer quarterly dividend distributions, providing a steady stream of income and the potential for compounding through reinvestment.
Diversification Across Sectors: While focused on high-dividend stocks, it still offers diversification across different industries, reducing concentration risk.
Resilience in Volatile Markets: Due to its selection criteria, 00878 has shown relative stability and resilience even during uncertain market conditions.
ESG Investing: For investors who prioritize ethical and sustainable investing, 00878 aligns with these values by investing in companies with strong ESG performance.

VTI: Vanguard Total Stock Market ETF

Comprehensive US Market Exposure: VTI offers broad diversification across the entire U.S. stock market, including large-, mid-, and small-cap companies across all sectors.
Diversification Benefits: By holding over 3,700 stocks, VTI significantly reduces unsystematic risk, as the performance of any single company has a minimal impact on the overall ETF.
Low Cost: VTI is known for its very low expense ratio, which means more of your investment returns stay with you.
Simplicity: It provides a “one-stop-shop” for U.S. stock market exposure, eliminating the need to select individual stocks or multiple sector-specific ETFs.
Resilience: Its broad market exposure can offer resilience during market downturns, as it captures the overall performance of the U.S. economy.

How They Complement Each Other in a Portfolio:

Geographic Diversification: Including both Taiwanese ETFs (0050 and 00878) and a U.S. ETF (VTI) provides geographic diversification, reducing reliance on any single country’s economic performance.
Market Cap Diversification: VTI covers a wide range of U.S. market caps, while 0050 focuses on large-cap Taiwanese companies. 00878 also includes a mix of companies based on its dividend and ESG criteria.
Investment Strategy Diversification: VTI offers broad market exposure, 0050 focuses on Taiwan’s top large-cap companies, and 00878 targets high-dividend, ESG-compliant stocks. This blend caters to different investment goals, such as growth, income, and sustainable investing.
Income Generation: Both 0050 and 00878 provide dividend income, which can be reinvested or used for current income needs. 00878’s quarterly payouts are particularly beneficial for regular income.

By combining these ETFs, an investor can create a well-diversified portfolio that offers exposure to different markets, investment styles, and income streams, potentially leading to more stable long-term returns.

資產配置實踐：透過0050、00878、VTI構建分散化投資組合
ETF	特點	優勢
0050: Yuanta/P-shares Taiwan Top 50 ETF	追蹤台灣50指數，包含台灣證券交易所上市值最大的50家公司	提供對台灣領先產業和經濟驅動因素的廣泛投資、在台灣實現多元化、具有增長潛力、提供股息收入、親民的價格
00878: Cathay Taiwan ESG Sustainability High Dividend Yield ETF	專注於具有高股息率且符合環境、社會和治理 (ESG) 標準的公司	季度股息支付、在不同行業實現多元化、在不確定的市場條件下表現出相對的穩定性和彈性、符合道德和可持續投資的價值觀
VTI: Vanguard Total Stock Market ETF	提供對整個美國股市的廣泛多元化，包括所有行業的大、中、小型公司	通過持有超過 3,700 支股票，顯著降低非系統性風險、低成本、為美國股市提供“一站式”服務、在市場低迷時期提供彈性

0050、00878、VTI一起持有會重複嗎？. Photos provided by stock market

優化ETF組合：定期檢視與風險管理，實現長期穩健增長

Portfolio optimization involves strategically allocating assets to balance risk and return. For a portfolio including 0050, 00878, and VTI, consider the following:

Understanding the ETFs:

0050 (Yuanta/P-shares Taiwan Top 50 ETF): This ETF tracks the Taiwan 50 Index, focusing on the 50 largest and most liquid companies in Taiwan. It’s a market-cap-weighted ETF, offering broad exposure to the Taiwanese large-cap market. Its dividend yield is around 1.72%.
00878 (Cathay Sustainability High Dividend ETF): This ETF focuses on high-dividend-yield companies in Taiwan that also meet ESG (Environmental, Social, and Governance) criteria. It aims to provide stable income and capital growth. Its dividend yield is reported around 8.95% (TTM yield), and it pays quarterly dividends.
VTI (Vanguard Total Stock Market ETF): VTI is a U.S. ETF that seeks to track the performance of the CRSP U.S. Total Market Index. It provides diversified exposure to the entire U.S. stock market, including large, mid, and small-cap stocks across various sectors. It has a low expense ratio of 0.03% and a 30-day yield of about 1.11%.

Optimization Strategies:

Define Your Investment Goals and Risk Tolerance:
- Growth vs. Income: Are you seeking capital appreciation (growth) or regular income (dividends)? VTI and 0050 lean towards growth, while 00878 is primarily for income.
- Risk Tolerance: How much volatility can you tolerate? VTI, with its broad U.S. market exposure, can be volatile. 0050 is concentrated in Taiwan’s top companies. 00878 offers a higher dividend yield, which can sometimes come with higher risk.
Asset Allocation:
- Geographic Diversification: 0050 and 00878 provide exposure to Taiwan, while VTI offers U.S. market exposure. This combination already provides some geographic diversification. You might consider increasing or decreasing the allocation to each region based on your outlook.
- Sector Diversification: VTI offers broad sector diversification within the U.S. 0050 concentrates on Taiwan’s largest companies, which are often tech-heavy. 00878 focuses on high-dividend stocks, with significant weight in financial and technology sectors.
- Market Capitalization: VTI covers large, mid, and small-cap U.S. stocks. 0050 focuses on large-cap Taiwanese stocks. 00878 also invests in large-cap Taiwanese stocks.
Correlation Analysis:
- Understand how these ETFs move in relation to each other. While VTI (U.S. market) and 0050/00878 (Taiwan market) are likely to have lower correlation, analyzing this more formally can help in reducing overall portfolio volatility.
Rebalancing:
- Periodically review and adjust your portfolio allocations to maintain your target asset mix. If one ETF significantly outperforms others, its weight in your portfolio will increase. Rebalancing involves selling some of the outperforming ETF and buying more of the underperforming ones to return to your desired allocation.
Consider Your Time Horizon:
- Long-term investors (10+ years) can generally afford to take on more risk, as they have time to recover from market downturns. Short-term goals might require a more conservative allocation.

Example Allocation Considerations:

For Growth Focus: You might allocate a larger percentage to VTI for broad U.S. market growth, with a smaller portion in 0050 for Taiwan exposure. 00878 could be used for its dividend component, but its allocation would depend on your income needs.
For Income Focus: You might allocate a significant portion to 00878 for its high dividend yield, complemented by 0050 for stable Taiwanese large-cap exposure and VTI for broader market diversification and potential growth.
Balanced Approach: A common approach is to divide the portfolio into core holdings (e.g., VTI for broad market exposure) and satellite holdings (e.g., 0050 and 00878 for specific market or income tilts).

Key Metrics to Monitor:

Expense Ratios: VTI has a very low expense ratio (0.03%). 00878 has an expense ratio of around 0.46%. 0050’s expense ratio should also be considered. Lower expense ratios generally lead to better net returns.
Dividend Yields: 00878 (around 8.95%) and 0050 (around 1.72%) offer significant dividend yields. VTI’s yield is lower (around 1.11%).
Tracking Error and Index Performance: Ensure the ETFs are closely tracking their respective benchmark indices.

Ultimately, the “best” optimization strategy depends on your individual financial situation, investment objectives, and risk tolerance. It’s often recommended to consult with a qualified financial advisor to tailor a portfolio to your specific needs.

0050、00878、VTI一起持有會重複嗎？結論

總而言之，投資者在考慮「0050、00878、VTI一起持有會重複嗎？」這個問題時，應該更關注如何透過這些ETF來實現投資組合的多元化。雖然成分股重疊在某些情況下可能引起風險集中的擔憂，但0050、00878和VTI的組合，由於其追蹤標的不同，實際上提供了良好的分散效果 . 0050著重於台灣大型企業，00878則專注於高股息和ESG永續，而VTI則涵蓋了廣泛的美國股市。

因此，投資人應根據自身的風險承受能力和投資目標，仔細評估配置比例，並定期檢視投資組合。透過瞭解每檔ETF的特性、追蹤指數，以及成分股的組成，投資者可以更有信心地構建一個穩健且多元的投資組合，實現長期的財務目標 . 記住，投資的關鍵不在於完全避免重疊，而是確保整體配置能夠有效地分散風險，並帶來符合預期的回報。

0050、00878、VTI一起持有會重複嗎？常見問題快速FAQ