SMH vs XLK: how much do they overlap?
VanEck Semiconductor ETF (SMH) · Technology Select Sector SPDR ETF (XLK)
overlap by weight · 20 shared holdings
SMH: 25 holdings (as of 2026-03-31) · XLK: 74 holdings (as of 09-Jul-2026)
Note: the two funds' latest official filings have different dates, which can understate overlap slightly for funds tracking similar indexes.
Moderate overlap
What this means
SMH and XLK share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
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 XLK |
|---|---|---|---|
| NVIDIA Corp | NVDA | 19.64% | 13.18% |
| Broadcom Inc | AVGO | 7.79% | 5.1% |
| Advanced Micro Devices Inc | AMD | 4.68% | 4.56% |
| Micron Technology Inc | MU | 4.23% | 4.13% |
| Intel Corp | INTC | 4.34% | 3.48% |
| Applied Materials Inc | AMAT | 4.59% | 3.06% |
| Lam Research Corp | LRCX | 4.6% | 2.89% |
| KLA Corp | KLAC | 4.74% | 1.97% |
| Texas Instruments Inc | TXN | 4.61% | 1.84% |
| Marvell Technology Inc | MRVL | 2.35% | 1.4% |
FAQ
How much do SMH and XLK overlap?
SMH and XLK have a 47.4% overlap by weight, sharing 20 holdings (out of 25 in SMH and 74 in XLK), based on official issuer holdings as of 2026-03-31.
What does 47.4% overlap mean?
SMH and XLK share a meaningful slice of holdings. They are related but not interchangeable; check the shared names below to see where your exposure doubles up.
Which stocks do SMH and XLK both hold?
The largest shared positions are NVIDIA Corp, Broadcom Inc, Advanced Micro Devices Inc, Micron Technology Inc, Intel Corp. The full list of top shared holdings with weights in each fund is shown on this page.