DGRO vs SMH ETF holdings comparison
iShares Core Dividend Growth ETF (DGRO) · VanEck Semiconductor ETF (SMH)
DGRO and SMH overlap by 6.6% by portfolio weight. The remaining 93.4 percentage points are not counted as shared holdings weight by this calculation. They share 9 stocks; the largest shared position is BROADCOM INC (AVGO), contributing 3.25% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
DGRO and SMH share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in DGRO | in SMH |
|---|---|---|---|
| BROADCOM INC | AVGO | 3.25% | 5.28% |
| QUALCOMM INC | QCOM | 1.10% | 3.74% |
| ANALOG DEVICES INC | ADI | 0.54% | 4.00% |
| APPLIED MATERIALS INC | AMAT | 0.38% | 5.74% |
| LAM RESEARCH CORP | LRCX | 0.35% | 5.31% |
| MICROCHIP TECHNOLOGY INC | MCHP | 0.31% | 0.90% |
| NXP SEMICONDUCTORS NV | NXPI | 0.31% | 1.15% |
| KLA CORP | KLAC | 0.27% | 5.57% |
| MONOLITHIC POWER SYSTEMS INC | MPWR | 0.10% | 1.22% |
Holdings only in DGRO or SMH
DGRO has 385 fund-only positions representing approximately 93.1 percentage points of reported exposure; SMH has 16 fund-only positions representing approximately 67.0 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in DGRO
| Company | Ticker | Weight |
|---|---|---|
| JP MORGAN CHASE & COMPANY | JPM | 3.04% |
| APPLE INC | AAPL | 2.93% |
| MICROSOFT CORP | MSFT | 2.91% |
| EXXON MOBIL CORP | XOM | 2.90% |
| JOHNSON & JOHNSON | JNJ | 2.64% |
| ABBVIE INC | ABBV | 2.52% |
| UNITEDHEALTH GROUP INC | UNH | 2.31% |
| PROCTER & GAMBLE COMPANY (THE) | PG | 2.07% |
| PHILIP MORRIS INTERNATIONAL INC | PM | 1.94% |
| HOME DEPOT INC (THE) | HD | 1.89% |
Largest positions only in SMH
| Company | Ticker | Weight |
|---|---|---|
| NVIDIA Corp | NVDA | 17.55% |
| Taiwan Semiconductor Manufacturing Co Ltd | TSM | 9.29% |
| Micron Technology Inc | MU | 5.67% |
| Advanced Micro Devices Inc | AMD | 5.63% |
| Intel Corp | INTC | 5.15% |
| ASML Holding NV | ASML | 5.04% |
| Marvell Technology Inc | MRVL | 4.66% |
| Texas Instruments Inc | TXN | 4.17% |
| Cadence Design Systems Inc | CDNS | 2.15% |
| Synopsys Inc | SNPS | 1.79% |
FAQ
How much do DGRO and SMH overlap?
DGRO and SMH have 6.6% overlap by weight, sharing 9 equity positions (out of 394 in DGRO and 25 in SMH). The official holdings files used are dated 2026-04-30 for DGRO and 2026-06-30 for SMH.
What does 6.6% overlap mean?
DGRO and SMH share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do DGRO and SMH both hold?
The largest shared positions are BROADCOM INC, QUALCOMM INC, ANALOG DEVICES INC, APPLIED MATERIALS INC, LAM RESEARCH CORP. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between DGRO and SMH?
DGRO has 385 positions not found in SMH, while SMH has 16 positions not found in DGRO. The largest fund-only positions and their weights are shown on this page.