SOXQ vs VT: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) overlap by roughly 27% by weight. 8 of SOXQ's top 10 holdings also appear in VT. A 50/50 blend of the two behaves like about 54 equally-weighted bets (diversification grade B). 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 10 holdings appear in both SOXQ and VT. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VT |
|---|---|---|
| NVDA NVIDIA Corporation | 10.47% | 3.99% |
| AVGO Broadcom Inc. | 7.87% | 1.50% |
| MU Micron Technology, Inc. | 8.91% | 1.11% |
| AMD Advanced Micro Devices, Inc. | 3.95% | 0.81% |
| ASML ASML Holding N.V. | 4.41% | 0.65% |
| INTC Intel Corporation | 4.34% | 0.52% |
| AMAT Applied Materials, Inc. | 5.83% | 0.49% |
| LRCX Lam Research Corporation | 4.88% | 0.46% |
| KLAC KLA Corporation | 5.47% | 0.34% |
| TXN Texas Instruments Incorporated | 3.53% | 0.23% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VT doesn’t have:
| MRVL Marvell Technology, Inc. | 5.12% |
| TSM Taiwan Semiconductor Manufacturing Company Limited | 4.11% |
| ADI Analog Devices, Inc. | 3.58% |
| QCOM QUALCOMM Incorporated | 2.84% |
| ALAB Astera Labs, Inc. | 2.81% |
| COHR Coherent Corp. | 2.75% |
| TER Teradyne, Inc. | 2.60% |
| NXPI NXP Semiconductors N.V. | 2.52% |
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that SOXQ doesn’t have:
| AAPL Apple Inc. | 3.57% |
| MSFT Microsoft Corp. | 2.37% |
| AMZN Amazon.com Inc. | 1.97% |
| GOOGL Alphabet Inc. Class A | 1.80% |
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.64% |
| GOOG Alphabet Inc. Class C | 1.41% |
| META Facebook Inc. Class A | 1.06% |
| TSLA Tesla Inc. | 1.05% |
So — partly overlapping. Should you hold both?
SOXQ and VT 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 ~54 effective positions (grade B).
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); VT: 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 VT — FAQ
- How much do SOXQ and VT overlap?
- SOXQ and VT overlap by approximately 27% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 8 of SOXQ's 10 largest holdings are also held by VT. They share 10 of their listed top holdings in total.
- Is it redundant to hold both SOXQ and VT?
- 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 54 positions and a B diversification grade.
- What does VT hold that SOXQ doesn't?
- VT's largest holdings that SOXQ doesn't hold include AAPL, MSFT, AMZN, GOOGL, 2330. Its category is global all-cap, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VT?
- SOXQ's top 10 holdings are 63% of its listed weight; VT's are 55%. The more concentrated fund leans harder on its largest names.