SOXQ vs VXUS: how much do they really overlap?
SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) and VXUS (Vanguard Total International Stock ETF, tracking the FTSE Global All Cap ex US) overlap by roughly 5% by weight. 1 of SOXQ's top 10 holdings also appear in VXUS. A 50/50 blend of the two behaves like about 71 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 1 holdings appear in both SOXQ and VXUS. The weight columns show how much of each fund each name represents.
| Holding | in SOXQ | in VXUS |
|---|---|---|
| ASML ASML Holding N.V. | 4.41% | 1.38% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that VXUS 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% |
| INTC Intel Corporation | 4.34% |
Only in VXUS
Vanguard Total International Stock ETF — total ex-US. Its biggest holdings that SOXQ doesn’t have:
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 3.95% |
| 005930 Samsung Electronics Co. Ltd. | 2.17% |
| 000660 SK hynix Inc | 1.85% |
| 700 Tencent Holdings Ltd. | 0.74% |
| HSBA HSBC Holdings plc | 0.71% |
| ROP Roche Holding AG | 0.65% |
| NOVN Novartis AG | 0.63% |
| AZN AstraZeneca plc | 0.61% |
So — essentially different. Should you hold both?
SOXQ and VXUS hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~71 effective positions (grade A), because they hold largely different securities.
Holdings as of — SOXQ: Jun 29, 2026 (Invesco); VXUS: 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 VXUS — FAQ
- How much do SOXQ and VXUS overlap?
- SOXQ and VXUS overlap by approximately 5% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of SOXQ's 10 largest holdings are also held by VXUS. They share 1 of their listed top holdings in total.
- Is it redundant to hold both SOXQ and VXUS?
- 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 71 positions and a A diversification grade.
- What does VXUS hold that SOXQ doesn't?
- VXUS's largest holdings that SOXQ doesn't hold include 2330, 005930, 000660, 700, HSBA. Its category is total ex-US, versus SOXQ's semiconductors.
- Which is more concentrated, SOXQ or VXUS?
- SOXQ's top 10 holdings are 63% of its listed weight; VXUS's are 49%. The more concentrated fund leans harder on its largest names.