SMH vs XLG: Holdings Overlap
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Invesco · 51 holdings · $10.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (SMH: 2026-03-31, XLG: 2026-04-30). 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 XLG?
VanEck Semiconductor ETF (SMH, by VanEck) holds 25 positions; Invesco S&P 500 Top 50 ETF (XLG, by Invesco) holds 51. They have 4 holdings in common, and by portfolio weight the two funds are 20.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4SMH holds 25 · XLG holds 51
- Weight in Shared Holdings
- SMH 37%·XLG 20%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
21 of 25 positions (63.2% of the fund) are not held by XLG.
Sector Breakdown
| Sector | SMH | XLG |
|---|---|---|
| Information Technology | 99.9% | 43.7% |
| Communication Services | 0.0% | 17.0% |
| Consumer Discretionary | 0.0% | 11.3% |
| Financials | 0.0% | 9.6% |
| Health Care | 0.0% | 7.0% |
| Other Sectors | 0.0% | 11.0% |
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% |
| XLG | +3.7% | +7.2% | +17.9% | +22.2% | +14.3% | +16.6% | 0.63% |
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 XLG →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by NVDA, AVGO and AMD.
Frequently Asked Questions
How much do SMH and XLG overlap?
SMH and XLG overlap by 20.1% of portfolio weight. They share 4 holdings (SMH holds 25 positions and XLG holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SMH and XLG?
The two portfolios are 20.1% 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 XLG?
The largest positions held by both funds are NVDA, AVGO, AMD and TXN. Together the top 4 shared positions account for 100% of the total overlap.
What does SMH own that XLG doesn't?
21 positions (63.2% of SMH) are unique to SMH, led by TSM, ASML and KLAC. In the other direction, 47 positions (79.5% of XLG) are unique to XLG.