SOXQ vs VTV: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 16% by weight. 3 of SOXQ's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 56 equally-weighted bets (diversification grade B). In short, the two funds have only a small shared core — they mostly hold different things and are largely complementary.
The same companies, in both funds
These 6 holdings appear in both SOXQ and VTV. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VTV |
|---|---|---|
| MU Micron Technology, Inc. | 8.91% | 4.17% |
| INTC Intel Corporation | 4.34% | 1.75% |
| QCOM QUALCOMM Incorporated | 2.84% | 1.02% |
| ADI Analog Devices, Inc. | 3.58% | 0.77% |
| AMAT Applied Materials, Inc. | 5.83% | 0.68% |
| TXN Texas Instruments Incorporated | 3.53% | 0.53% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VTV doesn’t have:
| NVDA NVIDIA Corporation | 10.47% |
| AVGO Broadcom Inc. | 7.87% |
| KLAC KLA Corporation | 5.47% |
| MRVL Marvell Technology, Inc. | 5.12% |
| LRCX Lam Research Corporation | 4.88% |
| ASML ASML Holding N.V. | 4.41% |
| TSM Taiwan Semiconductor Manufacturing Company Limited | 4.11% |
| AMD Advanced Micro Devices, Inc. | 3.95% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that SOXQ doesn’t have:
| JPM JPMorgan Chase & Co. | 2.88% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.82% |
| XOM Exxon Mobil Corp. | 2.31% |
| JNJ Johnson & Johnson | 2.07% |
| WMT Walmart Inc. | 1.93% |
| CSCO Cisco Systems Inc. | 1.63% |
| CAT Caterpillar Inc. | 1.55% |
| ABBV AbbVie Inc. | 1.47% |
So — mostly different. Should you hold both?
SOXQ and VTV have only a small shared core — they mostly hold different things and are largely complementary. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~56 effective positions (grade B), because they hold largely different securities.
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); VTV: May 31, 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 VTV — FAQ
- How much do SOXQ and VTV overlap?
- SOXQ and VTV overlap by approximately 16% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 3 of SOXQ's 10 largest holdings are also held by VTV. They share 6 of their listed top holdings in total.
- Is it redundant to hold both SOXQ and VTV?
- Because they have only a small shared core — they mostly hold different things and are largely complementary, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 56 positions and a B diversification grade.
- What does VTV hold that SOXQ doesn't?
- VTV's largest holdings that SOXQ doesn't hold include JPM, BRK.B, XOM, JNJ, WMT. Its category is US large-cap value, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VTV?
- SOXQ's top 10 holdings are 63% of its listed weight; VTV's are 41%. The more concentrated fund leans harder on its largest names.