SOXX vs SWTSX: 15% overlap
iShares Semiconductor ETF and Schwab Total Stock Market Index share 15.0% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — SWTSX as of 2026-04-30, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
SOXX and SWTSX hold 22 of the same securities. The ten contributing most to the overlap figure:
| Holding | in SOXX | in SWTSX | Δ |
|---|---|---|---|
| NVDA | 8.3% | 6.9% | 1.3% |
| AVGO | 7.3% | 2.8% | 4.5% |
| MU | 8.5% | 0.8% | 7.7% |
| AMD | 8.7% | 0.8% | 7.9% |
| INTC | 5.3% | 0.6% | 4.6% |
| LRCX | 4.2% | 0.5% | 3.7% |
| AMAT | 5.2% | 0.4% | 4.8% |
| TXN | 3.9% | 0.4% | 3.5% |
| KLAC | 4.8% | 0.3% | 4.4% |
| ADI | 3.8% | 0.3% | 3.6% |
Where SOXX and SWTSX differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | SOXX | SWTSX | Δ |
|---|---|---|---|
| Information Technology | 99.9% | 32.3% | +67.6pp |
| Financials | 0.0% | 11.9% | −11.9pp |
| Communication Services | 0.0% | 10.1% | −10.1pp |
| Consumer Discretionary | 0.0% | 9.6% | −9.6pp |
| Industrials | 0.0% | 9.4% | −9.4pp |
| Health Care | 0.0% | 8.7% | −8.7pp |
| Consumer Staples | 0.0% | 4.6% | −4.6pp |
| Energy | 0.0% | 3.5% | −3.5pp |
Δ is SOXX minus SWTSX, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
16.7% of SOXX by weight, held in no part of SWTSX.
84.8% of SWTSX by weight, held in no part of SOXX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| SOXX | SWTSX | |
|---|---|---|
| Top 10 holdings | 60.9% | 33.9% |
| Positions held | 32 | 2,939 |
| Cost per $10,000 held, per year | $34 | $3 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do SOXX and SWTSX overlap?
SOXX and SWTSX overlap 15.0% by portfolio weight — largely distinct portfolios. They share 22 holdings. The figure comes from current issuer holdings files (SOXX as of 2026-07-23, SWTSX as of 2026-04-30).
How is the overlap between SOXX and SWTSX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If SOXX holds a stock at 6% and SWTSX holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both SOXX and SWTSX?
That depends on your goals — we state facts, not advice. At 15.0% overlap, each fund still contributes meaningfully distinct exposure.
What does SOXX own that SWTSX doesn't?
SOXX holds 32 positions and SWTSX holds 2,939; 9 of SOXX's positions don't appear in SWTSX at all, and they are 16.7% of SOXX by weight.
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Related comparisons
Sources: issuer holdings files, SOXX as of 2026-07-23, SWTSX as of 2026-04-30. Weights are fractions of each fund. Diagnostics, not advice.