SMH vs SPLG: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
SPLGState Street® SPDR® Portfolio S&P 500® ETF
State Street (SPDR) · 504 holdings · $157.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (SMH: 2026-03-31, SPLG: 2026-08-06). 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 SMH and SPLG?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; State Street® SPDR® Portfolio S&P 500® ETF (SPLG, by State Street (SPDR)) holds 504. They have 20 holdings in common, and by portfolio weight the two funds are 17.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 17.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20SMH holds 25 · SPLG holds 504
- Weight in Shared Holdings
- SMH 81%·SPLG 18%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 SMH
5 of 25 positions (18.9% of the fund) are not held by SPLG.
Sector Breakdown
| Sector | SMH | SPLG |
|---|---|---|
| Information Technology | 99.9% | 37.6% |
| Financials | 0.0% | 12.3% |
| Communication Services | 0.0% | 9.7% |
| Consumer Discretionary | 0.0% | 9.3% |
| Health Care | 0.0% | 8.9% |
| Other Sectors | 0.0% | 22.1% |
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 |
|---|---|---|---|---|---|---|---|
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
| SPLG | +3.4% | +14.1% | +23.7% | +21.3% | +13.4% | +15.4% | 1.00% |
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 SMH vs SPLG →
Shared Holdings(20)
The top 10 shared positions account for 93% of the overlap, led by NVDA, AVGO and MU.
 NVDANVIDIA Corp. COM | 19.64% | 8.00% | 8.00% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 7.79% | 3.00% | 3.00% |
 MUMicron Technology Inc. COM | 4.23% | 1.50% | 1.50% |
 AMDAdvanced Micro Devices Inc. COM | 4.68% | 1.20% | 1.20% |
 INTCIntel Corporation COM | 4.34% | 0.71% | 0.71% |
 AMATApplied Materials Inc. COM | 4.59% | 0.63% | 0.63% |
 LRCXLam Research Corporation COM NEW | 4.60% | 0.58% | 0.58% |
 TXNTexas Instruments Inc. COM | 4.61% | 0.38% | 0.38% |
 KLACKLA Corp. COM NEW | 4.74% | 0.38% | 0.38% |
 MRVLMarvell Technology Inc COM | 2.35% | 0.28% | 0.28% |
 ADIAnalog Devices Inc. COM | 4.70% | 0.28% | 0.28% |
 QCOMQUALCOMM Inc. COM | 4.09% | 0.25% | 0.25% |
 CDNSCadence Design Systems, Inc. COM | 2.43% | 0.14% | 0.14% |
 SNPSSynopsys Inc COM | 2.50% | 0.12% | 0.12% |
 MPWRMonolithic Power Systems Inc. COM | 1.23% | 0.10% | 0.10% |
 TERTeradyne Inc. COM | 1.41% | 0.09% | 0.09% |
 NXPINXP Semiconductors NV EUR0.20 | 1.24% | 0.09% | 0.09% |
 MCHPMicrochip Technology Incorporated COM | 1.00% | 0.06% | 0.06% |
 ONON Semiconductor Corp. COM | 0.60% | 0.05% | 0.05% |
 SWKSSkyworks Solutions, Inc. COM | 0.21% | 0.02% | 0.02% |
Frequently Asked Questions
How much do SMH and SPLG overlap?
SMH and SPLG overlap by 17.9% of portfolio weight. They share 20 holdings (SMH holds 25 positions and SPLG holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and SPLG?
The two portfolios are 17.9% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of SMH and SPLG?
The largest positions held by both funds are NVDA, AVGO, MU, AMD and INTC. Together the top 10 shared positions account for 93% of the total overlap.
What does SMH own that SPLG doesn't?
5 positions (18.9% of SMH) are unique to SMH, led by TSM, ASML and STM. In the other direction, 484 positions (82.0% of SPLG) are unique to SPLG.