VGT vs SMH: Holdings Overlap
VGTVanguard Information Technology Index Fund
Vanguard · 317 holdings · $147.3B · as of 2026-05-31
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Holdings snapshots are 61 days apart (VGT: 2026-05-31, SMH: 2026-03-31). 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 VGT and SMH?
Vanguard Information Technology Index Fund (VGT, by Vanguard) holds 317 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 21 holdings in common, and by portfolio weight the two funds are 40.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 40.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21VGT holds 317 · SMH holds 25
- Weight in Shared Holdings
- VGT 41%·SMH 81%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 VGT
296 of 317 positions (59.0% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | VGT | SMH |
|---|---|---|
| Information Technology | 99.0% | 99.9% |
| Communication Services | 0.6% | 0.0% |
| Consumer Discretionary | 0.1% | 0.0% |
| Financials | 0.1% | 0.0% |
| Industrials | 0.1% | 0.0% |
| 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 |
|---|---|---|---|---|---|---|---|
| VGT | +6.5% | +29.2% | +40.8% | +31.3% | +19.3% | +24.7% | 0.36% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
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 VGT vs SMH →
Shared Holdings(21)
The top 10 shared positions account for 90% of the overlap, led by NVDA, AVGO and MU.
 NVDANVIDIA Corp. COM | 16.82% | 19.64% | 16.82% |
|---|---|---|---|
 AVGOBroadcom Inc COM | 4.21% | 7.79% | 4.21% |
 MUMicron Technology Inc. COM | 4.20% | 4.23% | 4.20% |
 AMDAdvanced Micro Devices Inc. COM | 3.21% | 4.68% | 3.21% |
 INTCIntel Corporation COM | 2.03% | 4.34% | 2.03% |
 LRCXLam Research Corporation COM NEW | 1.56% | 4.60% | 1.56% |
 AMATApplied Materials Inc. COM | 1.40% | 4.59% | 1.40% |
 TXNTexas Instruments Inc. COM | 1.11% | 4.61% | 1.11% |
 QCOMQUALCOMM Inc. COM | 1.09% | 4.09% | 1.09% |
 KLACKLA Corp. COM NEW | 1.00% | 4.74% | 1.00% |
 ADIAnalog Devices Inc. COM | 0.82% | 4.70% | 0.82% |
 MRVLMarvell Technology Inc COM | 0.72% | 2.35% | 0.72% |
 CDNSCadence Design Systems, Inc. COM | 0.44% | 2.43% | 0.44% |
 SNPSSynopsys Inc COM | 0.39% | 2.50% | 0.39% |
 NXPINXP Semiconductors NV EUR0.20 | 0.38% | 1.24% | 0.38% |
 MPWRMonolithic Power Systems Inc. COM | 0.34% | 1.23% | 0.34% |
 ALABAstera Labs Inc COM | 0.28% | 0.44% | 0.28% |
 TERTeradyne Inc. COM | 0.27% | 1.41% | 0.27% |
 ONON Semiconductor Corp. COM | 0.26% | 0.60% | 0.26% |
 MCHPMicrochip Technology Incorporated COM | 0.25% | 1.00% | 0.25% |
 SWKSSkyworks Solutions, Inc. COM | 0.10% | 0.21% | 0.10% |
Frequently Asked Questions
How much do VGT and SMH overlap?
VGT and SMH overlap by 40.9% of portfolio weight. They share 21 holdings (VGT holds 317 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VGT and SMH?
The two portfolios are 40.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VGT and SMH?
The largest positions held by both funds are NVDA, AVGO, MU, AMD and INTC. Together the top 10 shared positions account for 90% of the total overlap.
What does VGT own that SMH doesn't?
296 positions (59.0% of VGT) are unique to VGT, led by AAPL, MSFT and CSCO. In the other direction, 4 positions (18.5% of SMH) are unique to SMH.