MGK vs SMH ETF holdings comparison
Vanguard Mega Cap Growth ETF (MGK) · VanEck Semiconductor ETF (SMH)
MGK and SMH overlap by 23.3% by portfolio weight. The remaining 76.7 percentage points are not counted as shared holdings weight by this calculation. They share 8 stocks; the largest shared position is NVIDIA Corp (NVDA), contributing 13.75% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
MGK 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 MGK | in SMH |
|---|---|---|---|
| NVIDIA Corp | NVDA | 13.75% | 17.55% |
| Broadcom Inc | AVGO | 4.40% | 5.28% |
| Advanced Micro Devices Inc | AMD | 1.49% | 5.63% |
| Lam Research Corp | LRCX | 1.25% | 5.31% |
| KLA Corp | KLAC | 0.98% | 5.57% |
| Cadence Design Systems Inc | CDNS | 0.50% | 2.15% |
| Synopsys Inc | SNPS | 0.49% | 1.79% |
| Marvell Technology Inc | MRVL | 0.41% | 4.66% |
Holdings only in MGK or SMH
MGK has 51 fund-only positions representing approximately 76.5 percentage points of reported exposure; SMH has 17 fund-only positions representing approximately 52.0 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 MGK
| Company | Ticker | Weight |
|---|---|---|
| Apple Inc | AAPL | 12.60% |
| Microsoft Corp | MSFT | 9.01% |
| Alphabet Inc | GOOGL | 5.51% |
| Amazon.com Inc | AMZN | 4.59% |
| Alphabet Inc | GOOG | 4.37% |
| Tesla Inc | TSLA | 4.18% |
| Meta Platforms Inc | META | 4.17% |
| Eli Lilly & Co | LLY | 3.17% |
| Visa Inc | V | 1.97% |
| Netflix Inc | NFLX | 1.76% |
Largest positions only in SMH
| Company | Ticker | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | TSM | 9.29% |
| Applied Materials Inc | AMAT | 5.74% |
| Micron Technology Inc | MU | 5.67% |
| Intel Corp | INTC | 5.15% |
| ASML Holding NV | ASML | 5.04% |
| Texas Instruments Inc | TXN | 4.17% |
| Analog Devices Inc | ADI | 4.00% |
| QUALCOMM Inc | QCOM | 3.74% |
| Teradyne Inc | TER | 1.50% |
| Astera Labs Inc | ALAB | 1.27% |
FAQ
How much do MGK and SMH overlap?
MGK and SMH have 23.3% overlap by weight, sharing 8 equity positions (out of 59 in MGK and 25 in SMH). The official holdings files used are dated 2026-03-31 for MGK and 2026-06-30 for SMH.
What does 23.3% overlap mean?
MGK 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 MGK and SMH both hold?
The largest shared positions are NVIDIA Corp, Broadcom Inc, Advanced Micro Devices Inc, Lam Research Corp, KLA Corp. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between MGK and SMH?
MGK has 51 positions not found in SMH, while SMH has 17 positions not found in MGK. The largest fund-only positions and their weights are shown on this page.