SOXX vs VXF: 2% overlap

iShares Semiconductor ETF and Vanguard Extended Market ETF share 2.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Hold both, 50/50
2.0Effective Funds

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

Overlap
2.1%
SOXX expense ratio
0.34%
VXF expense ratio
0.05%

Top shared holdings

SOXX and VXF hold 7 of the same securities. The ten contributing most to the overlap figure:

Holdingin SOXXin VXFΔ
ALAB2.4%0.7%1.6%
CRDO2.0%0.5%1.5%
ENTG1.1%0.3%0.8%
MTSI1.0%0.3%0.7%
RMBS0.6%0.2%0.4%
CASH0.1%3.8%3.7%
MRVL4.3%0.0%4.3%

Where SOXX and VXF 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.

SectorSOXXVXFΔ
Information Technology99.9%17.6%+82.2pp
Industrials0.0%19.8%19.8pp
Financials0.0%13.9%13.9pp
Health Care0.0%13.2%13.2pp
Consumer Discretionary0.0%8.8%8.8pp
Real Estate0.0%4.8%4.8pp
Communication Services0.0%4.5%4.5pp
Materials0.0%4.1%4.1pp

Δ is SOXX minus VXF, 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
24 positions

88.5% of SOXX by weight, held in no part of VXF.

Only in VXF
3,320 positions

94.2% of VXF 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

SOXXVXF
Top 10 holdings60.9%10.6%
Positions held323,327
Cost per $10,000 held, per year$34$5

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 VXF overlap?

SOXX and VXF overlap 2.1% by portfolio weight — largely distinct portfolios. They share 7 holdings. The figure comes from current issuer holdings files (SOXX as of 2026-07-23, VXF as of 2026-06-30).

How is the overlap between SOXX and VXF 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 VXF 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 VXF?

That depends on your goals — we state facts, not advice. At 2.1% overlap, each fund still contributes meaningfully distinct exposure.

What does SOXX own that VXF doesn't?

SOXX holds 32 positions and VXF holds 3,327; 24 of SOXX's positions don't appear in VXF at all, and they are 88.5% of SOXX by weight.

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