SMH vs VGT ETF holdings comparison
VanEck Semiconductor ETF (SMH) · Vanguard Information Technology ETF (VGT)
SMH and VGT overlap by 40.9% by portfolio weight. The remaining 59.1 percentage points are not counted as shared holdings weight by this calculation. They share 21 stocks; the largest shared position is NVIDIA Corp (NVDA), contributing 16.82% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SMH and VGT share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate 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 SMH | in VGT |
|---|---|---|---|
| NVIDIA Corp | NVDA | 17.55% | 16.82% |
| Broadcom Inc | AVGO | 5.28% | 4.21% |
| Micron Technology Inc | MU | 5.67% | 4.20% |
| Advanced Micro Devices Inc | AMD | 5.63% | 3.21% |
| Intel Corp | INTC | 5.15% | 2.03% |
| Lam Research Corp | LRCX | 5.31% | 1.56% |
| Applied Materials Inc | AMAT | 5.74% | 1.40% |
| Texas Instruments Inc | TXN | 4.17% | 1.11% |
| QUALCOMM Inc | QCOM | 3.74% | 1.09% |
| KLA Corp | KLAC | 5.57% | 1.00% |
Holdings only in SMH or VGT
SMH has 4 fund-only positions representing approximately 16.8 percentage points of reported exposure; VGT has 295 fund-only positions representing approximately 59.0 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 SMH
| Company | Ticker | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | TSM | 9.29% |
| ASML Holding NV | ASML | 5.04% |
| STMicroelectronics NV | STM | 1.26% |
| ARM Holdings PLC | ARM | 1.17% |
Largest positions only in VGT
| Company | Ticker | Weight |
|---|---|---|
| Apple Inc | AAPL | 14.57% |
| Microsoft Corp | MSFT | 9.46% |
| Cisco Systems Inc | CSCO | 1.85% |
| Oracle Corp | ORCL | 1.45% |
| Palantir Technologies Inc | PLTR | 1.35% |
| International Business Machines Corp | IBM | 1.08% |
| Sandisk Corp/DE | SNDK | 0.98% |
| Palo Alto Networks Inc | PANW | 0.92% |
| Seagate Technology Holdings PLC | STX | 0.80% |
| Western Digital Corp | WDC | 0.76% |
FAQ
How much do SMH and VGT overlap?
SMH and VGT have 40.9% overlap by weight, sharing 21 equity positions (out of 25 in SMH and 316 in VGT). The official holdings files used are dated 2026-06-30 for SMH and 2026-05-31 for VGT.
What does 40.9% overlap mean?
SMH and VGT share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate 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 SMH and VGT both hold?
The largest shared positions are NVIDIA Corp, Broadcom Inc, Micron Technology Inc, Advanced Micro Devices Inc, Intel Corp. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between SMH and VGT?
SMH has 4 positions not found in VGT, while VGT has 295 positions not found in SMH. The largest fund-only positions and their weights are shown on this page.