SMH vs VNQ ETF holdings comparison
VanEck Semiconductor ETF (SMH) · Vanguard Real Estate ETF (VNQ)
SMH and VNQ overlap by 0% by portfolio weight. The remaining 100.0 percentage points are not counted as shared holdings weight by this calculation. They share 0 stocks;
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
SMH and VNQ 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
No shared stocks were found in the normalized issuer holdings used for this comparison. That result applies only to the holdings files and dates shown above.
Holdings only in SMH or VNQ
SMH has 25 fund-only positions representing approximately 99.9 percentage points of reported exposure; VNQ has 145 fund-only positions representing approximately 99.7 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 |
|---|---|---|
| NVIDIA Corp | NVDA | 17.55% |
| Taiwan Semiconductor Manufacturing Co Ltd | TSM | 9.29% |
| Applied Materials Inc | AMAT | 5.74% |
| Micron Technology Inc | MU | 5.67% |
| Advanced Micro Devices Inc | AMD | 5.63% |
| KLA Corp | KLAC | 5.57% |
| Lam Research Corp | LRCX | 5.31% |
| Broadcom Inc | AVGO | 5.28% |
| Intel Corp | INTC | 5.15% |
| ASML Holding NV | ASML | 5.04% |
Largest positions only in VNQ
| Company | Ticker | Weight |
|---|---|---|
| Vanguard Real Estate II Index Fund | VRTPX | 14.63% |
| Welltower Inc | WELL | 7.84% |
| Prologis Inc | PLD | 7.00% |
| Equinix Inc | EQIX | 5.64% |
| American Tower Corp | AMT | 4.54% |
| Digital Realty Trust Inc | DLR | 3.66% |
| Simon Property Group Inc | SPG | 3.53% |
| Realty Income Corp | O | 3.11% |
| Public Storage | PSA | 2.54% |
| CBRE Group Inc | CBRE | 2.25% |
FAQ
How much do SMH and VNQ overlap?
SMH and VNQ have 0% overlap by weight, sharing 0 equity positions (out of 25 in SMH and 145 in VNQ). The official holdings files used are dated 2026-06-30 for SMH and 2026-04-30 for VNQ.
What does 0% overlap mean?
SMH and VNQ 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 SMH and VNQ both hold?
SMH and VNQ have no shared stock positions in the normalized issuer holdings used for this comparison.
What holdings are different between SMH and VNQ?
SMH has 25 positions not found in VNQ, while VNQ has 145 positions not found in SMH. The largest fund-only positions and their weights are shown on this page.