SOXQ vs VUG: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VUG (Vanguard Growth ETF, tracking the CRSP US Large Cap Growth) overlap by roughly 24% by weight. 6 of SOXQ's top 10 holdings also appear in VUG. A 50/50 blend of the two behaves like about 27 equally-weighted bets (diversification grade C). 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 8 holdings appear in both SOXQ and VUG. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VUG |
|---|---|---|
| NVDA NVIDIA Corporation | 10.47% | 13.10% |
| AVGO Broadcom Inc. | 7.87% | 5.17% |
| AMD Advanced Micro Devices, Inc. | 3.95% | 2.30% |
| LRCX Lam Research Corporation | 4.88% | 1.09% |
| KLAC KLA Corporation | 5.47% | 0.70% |
| MRVL Marvell Technology, Inc. | 5.12% | 0.51% |
| AMAT Applied Materials, Inc. | 5.83% | 0.50% |
| TXN Texas Instruments Incorporated | 3.53% | 0.39% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VUG doesn’t have:
| MU Micron Technology, Inc. | 8.91% |
| 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% |
| QCOM QUALCOMM Incorporated | 2.84% |
| ALAB Astera Labs, Inc. | 2.81% |
| COHR Coherent Corp. | 2.75% |
Only in VUG
Vanguard Growth ETF — US large-cap growth. Its biggest holdings that SOXQ doesn’t have:
| AAPL Apple Inc. | 12.32% |
| MSFT Microsoft Corp. | 8.99% |
| GOOGL Alphabet Inc. Class A | 5.95% |
| AMZN Amazon.com Inc. | 4.85% |
| GOOG Alphabet Inc. Class C | 4.68% |
| META Facebook Inc. Class A | 3.73% |
| TSLA Tesla Inc. | 3.31% |
| LLY Eli Lilly & Co. | 2.53% |
So — mostly different. Should you hold both?
SOXQ and VUG 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 ~27 effective positions (grade C), because they hold largely different securities.
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); VUG: 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 VUG — FAQ
- How much do SOXQ and VUG overlap?
- SOXQ and VUG overlap by approximately 24% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 6 of SOXQ's 10 largest holdings are also held by VUG. They share 8 of their listed top holdings in total.
- Is it redundant to hold both SOXQ and VUG?
- 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 27 positions and a C diversification grade.
- What does VUG hold that SOXQ doesn't?
- VUG's largest holdings that SOXQ doesn't hold include AAPL, MSFT, GOOGL, AMZN, GOOG. Its category is US large-cap growth, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VUG?
- SOXQ's top 10 holdings are 63% of its listed weight; VUG's are 73%. The more concentrated fund leans harder on its largest names.