SMH vs SOXQ: how much do they overlap?
VanEck Semiconductor ETF (SMH) · Invesco PHLX Semiconductor ETF (SOXQ)
overlap by weight · 22 shared holdings
SMH: 25 holdings (as of 2026-03-31) · SOXQ: 30 holdings (as of 2026-02-28)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
High overlap
What this means
SMH and SOXQ are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
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.
Top shared holdings
| Company | Ticker | in SMH | in SOXQ |
|---|---|---|---|
| NVIDIA Corp | NVDA | 19.64% | 10.38% |
| Broadcom Inc | AVGO | 7.79% | 6.86% |
| ASML Holding NV | ASML | 4.99% | 4.74% |
| Advanced Micro Devices Inc | AMD | 4.68% | 6.36% |
| Analog Devices Inc | ADI | 4.7% | 4.64% |
| Lam Research Corp | LRCX | 4.6% | 5.18% |
| Applied Materials Inc | AMAT | 4.59% | 5.1% |
| KLA Corp | KLAC | 4.74% | 4.49% |
| Taiwan Semiconductor Manufacturing Co Ltd | TSM | 11.84% | 4.44% |
| Texas Instruments Inc | TXN | 4.61% | 4.36% |
FAQ
How much do SMH and SOXQ overlap?
SMH and SOXQ have a 74.1% overlap by weight, sharing 22 holdings (out of 25 in SMH and 30 in SOXQ), based on official issuer holdings as of 2026-03-31.
What does 74.1% overlap mean?
SMH and SOXQ are largely the same portfolio. Holding both adds little diversification — most dollars end up in the same underlying stocks.
Which stocks do SMH and SOXQ both hold?
The largest shared positions are NVIDIA Corp, Broadcom Inc, ASML Holding NV, Advanced Micro Devices Inc, Analog Devices Inc. The full list of top shared holdings with weights in each fund is shown on this page.