SOXQ vs VBR: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VBR (Vanguard Small-Cap Value ETF, tracking the CRSP US Small Cap Value) overlap by roughly 0% by weight. 0 of SOXQ's top 10 holdings also appear in VBR. A 50/50 blend of the two behaves like about 76 equally-weighted bets (diversification grade A). In short, the two funds hold almost none of the same securities — they are complementary, not redundant.
The same companies, in both funds
These 0 holdings appear in both SOXQ and VBR. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VBR |
|---|
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VBR doesn’t have:
| NVDA NVIDIA Corporation | 10.47% |
| MU Micron Technology, Inc. | 8.91% |
| AVGO Broadcom Inc. | 7.87% |
| AMAT Applied Materials, Inc. | 5.83% |
| KLAC KLA Corporation | 5.47% |
| MRVL Marvell Technology, Inc. | 5.12% |
| LRCX Lam Research Corporation | 4.88% |
| ASML ASML Holding N.V. | 4.41% |
Only in VBR
Vanguard Small-Cap Value ETF — US small-cap value. Its biggest holdings that SOXQ doesn’t have:
| JBL Jabil Inc. | 0.87% |
| NRG NRG Energy Inc. | 0.66% |
| TPR Tapestry Inc. | 0.63% |
| ATO Atmos Energy Corp. | 0.61% |
| WSM Williams-Sonoma Inc. | 0.58% |
| MRNA Moderna Inc. | 0.53% |
| SW Smurfit Westrock plc | 0.52% |
| FFIV F5 Networks Inc. | 0.50% |
So — essentially different. Should you hold both?
SOXQ and VBR hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~76 effective positions (grade A), because they hold largely different securities.
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); VBR: Jun 30, 2026 (Vanguard). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →SOXQ vs VBR — FAQ
- How much do SOXQ and VBR overlap?
- SOXQ and VBR overlap by approximately 0% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of SOXQ's 10 largest holdings are also held by VBR. They share 0 of their listed top holdings in total.
- Is it redundant to hold both SOXQ and VBR?
- Because they hold almost none of the same securities — they are complementary, not redundant, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 76 positions and a A diversification grade.
- What does VBR hold that SOXQ doesn't?
- VBR's largest holdings that SOXQ doesn't hold include JBL, NRG, TPR, ATO, WSM. Its category is US small-cap value, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VBR?
- SOXQ's top 10 holdings are 63% of its listed weight; VBR's are 29%. The more concentrated fund leans harder on its largest names.