RSP vs SMH: Holdings Overlap
RSPInvesco S&P 500 Equal Weight ETF
Invesco · 504 holdings · $97.5B · as of 2026-04-30
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Holdings snapshots are 30 days apart (RSP: 2026-04-30, SMH: 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 RSP and SMH?
Invesco S&P 500 Equal Weight ETF (RSP, by Invesco) holds 504 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 19 holdings in common, and by portfolio weight the two funds are 4.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19RSP holds 504 · SMH holds 25
- Weight in Shared Holdings
- RSP 5%·SMH 79%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 RSP
485 of 504 positions (94.6% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | RSP | SMH |
|---|---|---|
| Information Technology | 15.9% | 99.9% |
| Industrials | 15.5% | 0.0% |
| Financials | 15.5% | 0.0% |
| Health Care | 10.9% | 0.0% |
| Consumer Discretionary | 9.2% | 0.0% |
| Other Sectors | 32.5% | 0.0% |
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 |
|---|---|---|---|---|---|---|---|
| RSP | +2.5% | +15.8% | +22.4% | +14.8% | +9.2% | +12.0% | 1.46% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
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 RSP vs SMH →
Shared Holdings(19)
The top 10 shared positions account for 59% of the overlap, led by INTC, AMD and ON.
 INTCIntel Corp. | 0.38% | 4.34% | 0.38% |
|---|---|---|---|
 AMDAdvanced Micro Devices, Inc. | 0.33% | 4.68% | 0.33% |
 ONON Semiconductor Corp. | 0.33% | 0.60% | 0.33% |
 MPWRMonolithic Power Systems, Inc. | 0.29% | 1.23% | 0.29% |
 NXPINXP Semiconductors N.V. | 0.28% | 1.24% | 0.28% |
 TXNTexas Instruments Inc. | 0.27% | 4.61% | 0.27% |
 MCHPMicrochip Technology Inc. | 0.27% | 1.00% | 0.27% |
 QCOMQUALCOMM Inc. | 0.26% | 4.09% | 0.26% |
 ADIAnalog Devices, Inc. | 0.24% | 4.70% | 0.24% |
 MUMicron Technology, Inc. | 0.24% | 4.23% | 0.24% |
 AVGOBroadcom Inc. | 0.23% | 7.79% | 0.23% |
 KLACKLA Corp. | 0.23% | 4.74% | 0.23% |
 LRCXLam Research Corp. | 0.23% | 4.60% | 0.23% |
 TERTeradyne, Inc. | 0.22% | 1.41% | 0.22% |
 AMATApplied Materials, Inc. | 0.22% | 4.59% | 0.22% |
 CDNSCadence Design Systems, Inc. | 0.22% | 2.43% | 0.22% |
 SNPSSynopsys, Inc. | 0.21% | 2.50% | 0.21% |
 SWKSSkyworks Solutions, Inc. | 0.24% | 0.21% | 0.21% |
 NVDANVIDIA Corp. | 0.21% | 19.64% | 0.21% |
Frequently Asked Questions
How much do RSP and SMH overlap?
RSP and SMH overlap by 4.9% of portfolio weight. They share 19 holdings (RSP holds 504 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both RSP and SMH?
The two portfolios are 4.9% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of RSP and SMH?
The largest positions held by both funds are INTC, AMD, ON, MPWR and NXPI. Together the top 10 shared positions account for 59% of the total overlap.
What does RSP own that SMH doesn't?
485 positions (94.6% of RSP) are unique to RSP, led by STX, SNDK and WDC. In the other direction, 6 positions (21.3% of SMH) are unique to SMH.