VGT vs VXF: 12% overlap
Vanguard Information Technology ETF and Vanguard Extended Market ETF share 12.0% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
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
VGT and VXF hold 246 of the same securities. The ten contributing most to the overlap figure:
| Holding | in VGT | in VXF | Δ |
|---|---|---|---|
| CASH | 0.4% | 3.8% | 3.4% |
| SNOW | 0.4% | 1.0% | 0.6% |
| NET | 0.3% | 0.9% | 0.5% |
| ALAB | 0.3% | 0.7% | 0.4% |
| CRDO | 0.2% | 0.5% | 0.3% |
| MKSI | 0.2% | 0.3% | 0.2% |
| ENTG | 0.2% | 0.3% | 0.1% |
| TWLO | 0.2% | 0.4% | 0.2% |
| OKTA | 0.2% | 0.3% | 0.1% |
| MTSI | 0.1% | 0.3% | 0.1% |
Where VGT 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.
| Sector | VGT | VXF | Δ |
|---|---|---|---|
| Information Technology | 99.5% | 17.6% | +81.8pp |
| Industrials | 0.0% | 19.8% | −19.8pp |
| Financials | 0.0% | 13.9% | −13.9pp |
| Health Care | 0.0% | 13.2% | −13.2pp |
| Consumer Discretionary | 0.0% | 8.8% | −8.7pp |
| Real Estate | 0.0% | 4.8% | −4.8pp |
| Communication Services | 0.0% | 4.5% | −4.5pp |
| Materials | 0.0% | 4.1% | −4.0pp |
Δ is VGT 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
85.7% of VGT by weight, held in no part of VXF.
78.8% of VXF by weight, held in no part of VGT.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| VGT | VXF | |
|---|---|---|
| Top 10 holdings | 59.9% | 10.6% |
| Positions held | 322 | 3,327 |
| Cost per $10,000 held, per year | $9 | $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 VGT and VXF overlap?
VGT and VXF overlap 12.0% by portfolio weight — largely distinct portfolios. They share 246 holdings. The figure comes from current issuer holdings files (VGT as of 2026-06-30, VXF as of 2026-06-30).
How is the overlap between VGT and VXF calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If VGT 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 VGT and VXF?
That depends on your goals — we state facts, not advice. At 12.0% overlap, each fund still contributes meaningfully distinct exposure.
What does VGT own that VXF doesn't?
VGT holds 322 positions and VXF holds 3,327; 76 of VGT's positions don't appear in VXF at all, and they are 85.7% of VGT by weight.
You probably hold more than two funds
This page compares VGT and VXF. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch VGT vs VXF
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, VGT as of 2026-06-30, VXF as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.