SMH vs VPU: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
Holdings snapshots are 61 days apart (SMH: 2026-03-31, VPU: 2026-05-31). 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 SMH and VPU?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0SMH holds 25 · VPU holds 66
- Weight in Shared Holdings
- SMH 0%·VPU 0%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
25 of 25 positions (99.9% of the fund) are not held by VPU.
Sector Breakdown
| Sector | SMH | VPU |
|---|---|---|
| Information Technology | 99.9% | 0.0% |
| Utilities | 0.0% | 99.6% |
| Other Sectors | 0.0% | 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 |
|---|---|---|---|---|---|---|---|
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
| VPU | -4.3% | +3.4% | +3.8% | +14.2% | +8.4% | +8.8% | 2.74% |
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 VPU →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do SMH and VPU overlap?
SMH and VPU overlap by 0.0% of portfolio weight. They share 0 holdings (SMH holds 25 positions and VPU holds 66), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and VPU?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does SMH own that VPU doesn't?
25 positions (99.9% of SMH) are unique to SMH, led by NVDA, TSM and AVGO. In the other direction, 66 positions (99.6% of VPU) are unique to VPU.