SMH vs VUG: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Vanguard · 153 holdings · $229.6B · as of 2026-03-31
How similar are SMH and VUG?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; Vanguard Growth Index Fund (VUG, by Vanguard) holds 153. They have 12 holdings in common, and by portfolio weight the two funds are 22.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 22.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12SMH holds 25 · VUG holds 153
- Weight in Shared Holdings
- SMH 61%·VUG 22%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
13 of 25 positions (39.3% of the fund) are not held by VUG.
Sector Breakdown
| Sector | SMH | VUG |
|---|---|---|
| Information Technology | 99.9% | 51.9% |
| Communication Services | 0.0% | 16.5% |
| Consumer Discretionary | 0.0% | 12.5% |
| Health Care | 0.0% | 5.4% |
| Industrials | 0.0% | 5.2% |
| Other Sectors | 0.0% | 8.5% |
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% |
| VUG | +4.1% | +10.2% | +18.2% | +24.1% | +13.0% | +17.8% | 0.38% |
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 VUG →
Shared Holdings(12)
The top 10 shared positions account for 98% of the overlap, led by NVDA, AVGO and AMD.
 NVDANVIDIA Corp. COM | 19.64% | 13.31% | 13.31% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 7.79% | 4.40% | 4.40% |
 AMDAdvanced Micro Devices Inc. COM | 4.68% | 1.11% | 1.11% |
 LRCXLam Research Corporation COM NEW | 4.60% | 0.90% | 0.90% |
 KLACKLA Corp. COM NEW | 4.74% | 0.66% | 0.66% |
 AMATApplied Materials Inc. COM | 4.59% | 0.47% | 0.47% |
 TXNTexas Instruments Inc. COM | 4.61% | 0.31% | 0.31% |
 MRVLMarvell Technology Inc COM | 2.35% | 0.30% | 0.30% |
 CDNSCadence Design Systems, Inc. COM | 2.43% | 0.27% | 0.27% |
 SNPSSynopsys Inc COM | 2.50% | 0.27% | 0.27% |
 MPWRMonolithic Power Systems Inc. COM | 1.23% | 0.19% | 0.19% |
 TERTeradyne Inc. COM | 1.41% | 0.17% | 0.17% |
Frequently Asked Questions
How much do SMH and VUG overlap?
SMH and VUG overlap by 22.4% of portfolio weight. They share 12 holdings (SMH holds 25 positions and VUG holds 153), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and VUG?
The two portfolios are 22.4% 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 VUG?
The largest positions held by both funds are NVDA, AVGO, AMD, LRCX and KLAC. Together the top 10 shared positions account for 98% of the total overlap.
What does SMH own that VUG doesn't?
13 positions (39.3% of SMH) are unique to SMH, led by TSM, ASML and ADI. In the other direction, 141 positions (77.5% of VUG) are unique to VUG.