SMH vs VGT overlap - what they share and where they differ
SMH and VGT share 40.9% of their weight across 21 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
SMH and VGT
40.9%
21 shared positions
SMH
VanEck Semiconductor ETF
Reported positions cover 100% of the fund, 25 positions · Jun 30, 2026
Top 10: 70.2%·Holdings of SMH
VGT
VANGUARD INFORMATION TECHNOLOGY INDEX FUND
Reported positions cover 100% of the fund, 315 positions · May 31, 2026
Top 10: 59.4%·Holdings of VGT
Reported positions cover SMH 100%, VGT 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VGT vs SMH side by side
SMHVanEck Semiconductor ETF
25
stock positions reported to the SEC
16.8% of its weight is in 4 names VGT does not hold
VGTVANGUARD INFORMATION TECHNOLOGY INDEX FUND
315
stock positions reported to the SEC
59.0% of its weight is in 294 names SMH does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SMH has 3.7 points more of it.
The figures side by side
| SMH | VGT | |
|---|---|---|
| Filing date | Jun 30, 2026 | May 31, 2026 |
| Stock positions reported | 25 | 315 |
| Weight of the ten largest | 70.2% | 59.4% |
| Largest position | NVDA 17.6% | NVDA 16.8% |
| Held alone | 4 positions, 16.8% | 294 positions, 59.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In SMH | In VGT | Counted |
|---|---|---|---|
| NVDANVIDIA Corp | 17.55% | 16.82% | 16.82% |
| AVGOBroadcom Inc | 5.28% | 4.21% | 4.21% |
| MUMicron Technology Inc | 5.67% | 4.20% | 4.20% |
| AMDAdvanced Micro Devices Inc | 5.63% | 3.21% | 3.21% |
| INTCIntel Corp | 5.15% | 2.03% | 2.03% |
| LRCXLam Research Corp | 5.31% | 1.56% | 1.56% |
| AMATApplied Materials Inc | 5.74% | 1.40% | 1.40% |
| TXNTexas Instruments Inc | 4.17% | 1.11% | 1.11% |
| QCOMQUALCOMM Inc | 3.74% | 1.09% | 1.09% |
| KLACKLA Corp | 5.57% | 1.00% | 1.00% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in SMH
Only in VGT
Questions people ask
Is SMH the same as VGT?
40.9% of their weight sits in the same 21 holdings. SMH also reports TSM, ASML, STM, which the other does not. VGT also reports AAPL, MSFT, CSCO, which the other does not.
How is the overlap between SMH and VGT measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of SMH and 100% of VGT, so the number cannot exceed the smaller coverage.
Which holds more, VGT or SMH?
SMH reports 25 stock positions and VGT reports 315. 16.8% of SMH's weight sits in names VGT does not hold, and 59.0% of VGT's weight in names SMH does not hold. The ten largest positions are 70.2% of SMH and 59.4% of VGT.
How do SMH and VGT differ by sector?
The widest gap is Technology: SMH has 3.7 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
Other pairs with these funds
VGT against other funds in the table
Add a third fund in the tool·All fund pairs
Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.