VUG vs XLK: Holdings Overlap
Vanguard · 153 holdings · $229.6B · as of 2026-03-31
XLKState Street® Technology Select Sector SPDR® ETF
State Street (SPDR) · 73 holdings · $122.8B · as of 2026-08-06
Holdings snapshots are 128 days apart (VUG: 2026-03-31, XLK: 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 VUG and XLK?
Vanguard Growth Index Fund (VUG, by Vanguard) holds 153 positions; State Street® Technology Select Sector SPDR® ETF (XLK, by State Street (SPDR)) holds 73. They have 41 holdings in common, and by portfolio weight the two funds are 51.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41VUG holds 153 · XLK holds 73
- Weight in Shared Holdings
- VUG 51%·XLK 79%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 VUG
112 of 153 positions (48.7% of the fund) are not held by XLK. Showing the top 30 by weight.
Only in XLK
32 of 73 positions (21.0% of the fund) are not held by VUG. Showing the top 30 by weight.
Sector Breakdown
| Sector | VUG | XLK |
|---|---|---|
| Information Technology | 51.9% | 99.9% |
| Communication Services | 16.5% | 0.0% |
| Consumer Discretionary | 12.5% | 0.0% |
| Health Care | 5.4% | 0.0% |
| Industrials | 5.2% | 0.0% |
| Other Sectors | 8.5% | 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 |
|---|---|---|---|---|---|---|---|
| VUG | +4.1% | +10.2% | +18.2% | +24.1% | +13.0% | +17.8% | 0.38% |
| XLK | +4.9% | +30.9% | +43.5% | +30.7% | +20.3% | +24.4% | 0.42% |
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 VUG vs XLK →
Shared Holdings(41)
The top 10 shared positions account for 86% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 13.31% | 14.35% | 13.31% |
|---|---|---|---|
 AAPLApple Inc. COM | 12.32% | 12.41% | 12.32% |
 MSFTMicrosoft Corp. COM | 9.09% | 10.04% | 9.09% |
 AVGOBroadcom Inc COM | 4.40% | 5.39% | 4.40% |
 AMDAdvanced Micro Devices Inc. COM | 1.11% | 4.11% | 1.11% |
 PLTRPalantir Technologies, Inc., Class A | 1.07% | 2.36% | 1.07% |
 LRCXLam Research Corporation COM NEW | 0.90% | 2.53% | 0.90% |
 ORCLOracle Corp. COM | 0.85% | 1.61% | 0.85% |
 KLACKLA Corp. COM NEW | 0.66% | 1.67% | 0.66% |
 APHAmphenol Corporation CL A | 0.53% | 1.39% | 0.53% |
 AMATApplied Materials Inc. COM | 0.47% | 2.77% | 0.47% |
 ANETArista Networks Inc COM SHS | 0.45% | 1.31% | 0.45% |
 PANWPalo Alto Networks Inc COM | 0.45% | 1.93% | 0.45% |
 INTUIntuit Inc COM | 0.41% | 0.59% | 0.41% |
 NOWServicenow Inc COM | 0.38% | 0.80% | 0.38% |
 ADBEAdobe Inc COM | 0.34% | 0.69% | 0.34% |
 SNDKSandisk Corporation COM | 0.33% | 1.23% | 0.33% |
 CRWDCrowdstrike Holdings, Inc., Class A | 0.32% | 1.39% | 0.32% |
 TXNTexas Instruments Inc. COM | 0.31% | 1.67% | 0.31% |
 MRVLMarvell Technology Inc COM | 0.30% | 1.22% | 0.30% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.30% | 1.26% | 0.30% |
 CRMSalesforce Inc. COM | 0.29% | 1.01% | 0.29% |
 CDNSCadence Design Systems, Inc. COM | 0.27% | 0.62% | 0.27% |
 SNPSSynopsys Inc COM | 0.27% | 0.51% | 0.27% |
 MSIMotorola Solutions Inc COM NEW | 0.25% | 0.52% | 0.25% |
Frequently Asked Questions
How much do VUG and XLK overlap?
VUG and XLK overlap by 51.2% of portfolio weight. They share 41 holdings (VUG holds 153 positions and XLK holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VUG and XLK?
The two portfolios are 51.2% 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 VUG and XLK?
The largest positions held by both funds are NVDA, AAPL, MSFT, AVGO and AMD. Together the top 10 shared positions account for 86% of the total overlap.
What does VUG own that XLK doesn't?
112 positions (48.7% of VUG) are unique to VUG, led by GOOGL, AMZN and GOOG. In the other direction, 32 positions (21.0% of XLK) are unique to XLK.