SOXX vs VEA: how much do they really overlap?
SOXX (iShares Semiconductor ETF, tracking the NYSE Semiconductor) and VEA (Vanguard FTSE Developed Markets ETF, tracking the FTSE Developed All Cap ex US) overlap by roughly 7% by weight. 0 of SOXX's top 10 holdings also appear in VEA. A 50/50 blend of the two behaves like about 72 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 SOXX and VEA. The weight columns show how much of each fund each name represents.
| Holding | in SOXX | in VEA |
|---|---|---|
| ASML ASML HOLDING ADR REPRESENTING NV | 2.43% | 2.33% |
Only in SOXX
iShares Semiconductor ETF — semiconductors. Its biggest holdings that VEA doesn’t have:
| AMD ADVANCED MICRO DEVICES INC | 8.57% |
| NVDA NVIDIA CORP | 8.42% |
| MU MICRON TECHNOLOGY INC | 8.21% |
| AVGO BROADCOM INC | 7.91% |
| INTC INTEL CORPORATION | 5.24% |
| AMAT APPLIED MATERIAL INC | 5.08% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING | 4.57% |
| KLAC KLA CORP | 4.28% |
Only in VEA
Vanguard FTSE Developed Markets ETF — developed ex-US. Its biggest holdings that SOXX doesn’t have:
| 005930 Samsung Electronics Co. Ltd. | 3.12% |
| 000660 SK hynix Inc. | 2.98% |
| HSBA HSBC Holdings plc | 0.99% |
| NOVN Novartis AG | 0.89% |
| RY Royal Bank of Canada | 0.88% |
| ROP Roche Holding AG | 0.88% |
| AZN AstraZeneca plc | 0.85% |
| NESN Nestle SA | 0.80% |
So — essentially different. Should you hold both?
SOXX and VEA hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~72 effective positions (grade A), because they hold largely different securities.
Holdings as of — SOXX: Jul 30, 2026 (iShares (BlackRock)); VEA: 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 →SOXX vs VEA — FAQ
- How much do SOXX and VEA overlap?
- SOXX and VEA overlap by approximately 7% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of SOXX's 10 largest holdings are also held by VEA. They share 1 of their listed top holdings in total.
- Is it redundant to hold both SOXX and VEA?
- 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 72 positions and a A diversification grade.
- What does VEA hold that SOXX doesn't?
- VEA's largest holdings that SOXX doesn't hold include 005930, 000660, HSBA, NOVN, RY. Its category is developed ex-US, versus SOXX's semiconductors.
- Which is more concentrated, SOXX or VEA?
- SOXX's top 10 holdings are 61% of its listed weight; VEA's are 44%. The more concentrated fund leans harder on its largest names.