SOXX vs VTV: how much do they really overlap?
SOXX (iShares Semiconductor ETF, tracking the NYSE Semiconductor) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 15% by weight. 3 of SOXX's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 57 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 5 holdings appear in both SOXX and VTV. The weight columns show how much of each fund each name represents.
| Holding | in SOXX | in VTV |
|---|---|---|
| MU MICRON TECHNOLOGY INC | 8.21% | 4.87% |
| INTC INTEL CORPORATION | 5.24% | 1.05% |
| QCOM QUALCOMM INC | 2.75% | 0.73% |
| ADI ANALOG DEVICES INC | 4.04% | 0.72% |
| TXN TEXAS INSTRUMENT INC | 4.16% | 0.51% |
Only in SOXX
iShares Semiconductor ETF — semiconductors. Its biggest holdings that VTV doesn’t have:
| AMD ADVANCED MICRO DEVICES INC | 8.57% |
| NVDA NVIDIA CORP | 8.42% |
| AVGO BROADCOM INC | 7.91% |
| AMAT APPLIED MATERIAL INC | 5.08% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING | 4.57% |
| KLAC KLA CORP | 4.28% |
| LRCX LAM RESEARCH CORP | 4.27% |
| MRVL MARVELL TECHNOLOGY INC | 4.08% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that SOXX doesn’t have:
| JPM JPMorgan Chase & Co. | 3.06% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.95% |
| JNJ Johnson & Johnson | 2.29% |
| WMT Walmart Inc. | 1.86% |
| CAT Caterpillar Inc. | 1.84% |
| ABBV AbbVie Inc. | 1.66% |
| CSCO Cisco Systems Inc. | 1.56% |
| UNH UnitedHealth Group Inc. | 1.41% |
So — mostly different. Should you hold both?
SOXX 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 ~57 effective positions (grade B), because they hold largely different securities.
Holdings as of — SOXX: Jul 30, 2026 (iShares (BlackRock)); VTV: 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 VTV — FAQ
- How much do SOXX and VTV overlap?
- SOXX and VTV overlap by approximately 15% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 3 of SOXX's 10 largest holdings are also held by VTV. They share 5 of their listed top holdings in total.
- Is it redundant to hold both SOXX 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 57 positions and a B diversification grade.
- What does VTV hold that SOXX doesn't?
- VTV's largest holdings that SOXX doesn't hold include JPM, BRK.B, JNJ, WMT, CAT. Its category is US large-cap value, versus SOXX's semiconductors.
- Which is more concentrated, SOXX or VTV?
- SOXX's top 10 holdings are 61% of its listed weight; VTV's are 43%. The more concentrated fund leans harder on its largest names.