SOXQ vs VOOG: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) overlap by roughly 30% by weight. 7 of SOXQ's top 10 holdings also appear in VOOG. A 50/50 blend of the two behaves like about 27 equally-weighted bets (diversification grade C). In short, the two funds share a meaningful core of the same megacaps, but each also brings real exposure the other lacks.
The same companies, in both funds
These 8 holdings appear in both SOXQ and VOOG. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VOOG |
|---|---|---|
| NVDA NVIDIA Corporation | 10.47% | 13.64% |
| AVGO Broadcom Inc. | 7.87% | 5.03% |
| MU Micron Technology, Inc. | 8.91% | 3.66% |
| AMD Advanced Micro Devices, Inc. | 3.95% | 2.67% |
| AMAT Applied Materials, Inc. | 5.83% | 1.62% |
| LRCX Lam Research Corporation | 4.88% | 1.53% |
| KLAC KLA Corporation | 5.47% | 1.11% |
| MRVL Marvell Technology, Inc. | 5.12% | 0.35% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VOOG doesn’t have:
| ASML ASML Holding N.V. | 4.41% |
| INTC Intel Corporation | 4.34% |
| TSM Taiwan Semiconductor Manufacturing Company Limited | 4.11% |
| ADI Analog Devices, Inc. | 3.58% |
| TXN Texas Instruments Incorporated | 3.53% |
| QCOM QUALCOMM Incorporated | 2.84% |
| ALAB Astera Labs, Inc. | 2.81% |
| COHR Coherent Corp. | 2.75% |
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that SOXQ doesn’t have:
| MSFT Microsoft Corp. | 7.80% |
| AAPL Apple Inc. | 5.98% |
| GOOGL Alphabet Inc. Class A | 5.90% |
| GOOG Alphabet Inc. Class C | 4.70% |
| META Facebook Inc. Class A | 3.48% |
| AMZN Amazon.com Inc. | 3.48% |
| LLY Eli Lilly & Co. | 2.67% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.58% |
So — partly overlapping. Should you hold both?
SOXQ and VOOG share a meaningful core of the same megacaps, but each also brings real exposure the other lacks. Held together they keep a shared megacap core but each still pulls in exposure the other lacks, so a 50/50 blend spreads to ~27 effective positions (grade C).
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); VOOG: 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 VOOG — FAQ
- How much do SOXQ and VOOG overlap?
- SOXQ and VOOG overlap by approximately 30% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 7 of SOXQ's 10 largest holdings are also held by VOOG. They share 8 of their listed top holdings in total.
- Is it redundant to hold both SOXQ and VOOG?
- Because they share a meaningful core of the same megacaps, but each also brings real exposure the other lacks, holding both is partly redundant: you double up on a shared core (NVDA) while each fund still adds distinct exposure. A 50/50 blend has an effective 27 positions and a C diversification grade.
- What does VOOG hold that SOXQ doesn't?
- VOOG's largest holdings that SOXQ doesn't hold include MSFT, AAPL, GOOGL, GOOG, META. Its category is US large-cap growth, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VOOG?
- SOXQ's top 10 holdings are 63% of its listed weight; VOOG's are 64%. The more concentrated fund leans harder on its largest names.