SMH vs SPYG: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
SPYGState Street® SPDR® Portfolio S&P 500® Growth ETF
State Street (SPDR) · 147 holdings · $54.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (SMH: 2026-03-31, SPYG: 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 SPYG?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; State Street® SPDR® Portfolio S&P 500® Growth ETF (SPYG, by State Street (SPDR)) holds 147. They have 11 holdings in common, and by portfolio weight the two funds are 28.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11SMH holds 25 · SPYG holds 147
- Weight in Shared Holdings
- SMH 58%·SPYG 29%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
14 of 25 positions (42.2% of the fund) are not held by SPYG.
Sector Breakdown
| Sector | SMH | SPYG |
|---|---|---|
| Information Technology | 99.9% | 52.5% |
| Communication Services | 0.0% | 15.3% |
| Financials | 0.0% | 9.0% |
| Consumer Discretionary | 0.0% | 8.4% |
| Industrials | 0.0% | 6.4% |
| Other Sectors | 0.0% | 8.4% |
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% |
| SPYG | +4.4% | +15.6% | +25.4% | +26.9% | +14.2% | +17.9% | 0.47% |
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 SPYG →
Shared Holdings(11)
The top 10 shared positions account for 100% of the overlap, led by NVDA, AVGO and MU.
 NVDANVIDIA Corp. COM | 19.64% | 14.58% | 14.58% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 7.79% | 5.47% | 5.47% |
 MUMicron Technology Inc. COM | 4.23% | 2.73% | 2.73% |
 AMDAdvanced Micro Devices Inc. COM | 4.68% | 2.19% | 2.19% |
 AMATApplied Materials Inc. COM | 4.59% | 1.15% | 1.15% |
 LRCXLam Research Corporation COM NEW | 4.60% | 1.05% | 1.05% |
 KLACKLA Corp. COM NEW | 4.74% | 0.69% | 0.69% |
 MRVLMarvell Technology Inc COM | 2.35% | 0.24% | 0.24% |
 MPWRMonolithic Power Systems Inc. COM | 1.23% | 0.18% | 0.18% |
 CDNSCadence Design Systems, Inc. COM | 2.43% | 0.16% | 0.16% |
 TERTeradyne Inc. COM | 1.41% | 0.10% | 0.10% |
Frequently Asked Questions
How much do SMH and SPYG overlap?
SMH and SPYG overlap by 28.6% of portfolio weight. They share 11 holdings (SMH holds 25 positions and SPYG holds 147), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and SPYG?
The two portfolios are 28.6% 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 SPYG?
The largest positions held by both funds are NVDA, AVGO, MU, AMD and AMAT. Together the top 10 shared positions account for 100% of the total overlap.
What does SMH own that SPYG doesn't?
14 positions (42.2% of SMH) are unique to SMH, led by TSM, ASML and ADI. In the other direction, 136 positions (71.4% of SPYG) are unique to SPYG.