SOXX vs VOOG: 25% overlap

iShares Semiconductor ETF and Vanguard S&P 500 Growth ETF share 24.7% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
1.8Effective Funds

You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
24.7%
SOXX expense ratio
0.34%
VOOG expense ratio
0.07%

Top shared holdings

SOXX and VOOG hold 11 of the same securities. The ten contributing most to the overlap figure:

Holdingin SOXXin VOOGΔ
NVDA8.3%13.7%5.4%
AVGO7.3%5.0%2.3%
MU8.5%3.7%4.9%
AMD8.7%2.7%6.1%
AMAT5.2%1.6%3.6%
LRCX4.2%1.5%2.7%
KLAC4.8%1.1%3.6%
MRVL4.3%0.3%3.9%
MPWR3.4%0.2%3.2%
TER3.0%0.1%2.9%

Where SOXX and VOOG 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.

SectorSOXXVOOGΔ
Information Technology99.9%52.2%+47.6pp
Communication Services0.0%15.2%15.2pp
Financials0.0%8.5%8.5pp
Consumer Discretionary0.0%8.5%8.5pp
Industrials0.0%6.9%6.9pp
Health Care0.0%6.2%6.2pp
Consumer Staples0.0%1.1%1.1pp
Real Estate0.0%0.6%0.6pp

Δ is SOXX minus VOOG, 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

Only in SOXX
20 positions

42.1% of SOXX by weight, held in no part of VOOG.

Only in VOOG
137 positions

69.9% of VOOG 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

SOXXVOOG
Top 10 holdings60.9%56.4%
Positions held32148
Cost per $10,000 held, per year$34$7

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 VOOG overlap?

SOXX and VOOG overlap 24.7% by portfolio weight — moderate overlap. They share 11 holdings. The figure comes from current issuer holdings files (SOXX as of 2026-07-23, VOOG as of 2026-06-30).

How is the overlap between SOXX and VOOG 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 VOOG 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 VOOG?

That depends on your goals — we state facts, not advice. At 24.7% overlap, each fund still contributes meaningfully distinct exposure.

What does SOXX own that VOOG doesn't?

SOXX holds 32 positions and VOOG holds 148; 20 of SOXX's positions don't appear in VOOG at all, and they are 42.1% of SOXX by weight.

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Sources: issuer holdings files, SOXX as of 2026-07-23, VOOG as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.