VGT vs VXF: how much do they really overlap?
VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) and VXF (Vanguard Extended Market ETF, tracking the S&P Completion) overlap by roughly 8% by weight. 0 of VGT's top 10 holdings also appear in VXF. 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 4 holdings appear in both VGT and VXF. The weight columns show how much of each fund each name represents.
| Holding | in VGT | in VXF |
|---|---|---|
| MRVL Marvell Technology Inc. | 0.71% | 2.11% |
| SNOW Snowflake Inc. | 0.36% | 1.03% |
| NET Cloudflare Inc. Class A | 0.34% | 0.90% |
| FLEX Flex Ltd. | 0.26% | 0.65% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VXF doesn’t have:
| NVDA NVIDIA Corp. | 16.78% |
| AAPL Apple Inc. | 15.26% |
| MSFT Microsoft Corp. | 9.87% |
| AVGO Broadcom Inc. | 4.49% |
| MU Micron Technology Inc. | 4.19% |
| AMD Advanced Micro Devices Inc. | 3.20% |
| INTC Intel Corp. | 1.95% |
| CSCO Cisco Systems Inc. | 1.85% |
Only in VXF
Vanguard Extended Market ETF — US mid/small completion. Its biggest holdings that VGT doesn’t have:
| BE Bloom Energy Corp. Class A | 0.87% |
| RKLB Rocket Lab Corp. | 0.80% |
| MSTR MicroStrategy Inc. Class A | 0.59% |
| LNG Cheniere Energy Inc. | 0.57% |
| ALAB Astera Labs Inc. | 0.54% |
| FERG Ferguson Enterprises Inc./DE | 0.52% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.47% |
| CRDO Credo Technology Group Holding Ltd. | 0.44% |
So — mostly different. Should you hold both?
VGT and VXF 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 — VGT: May 31, 2026 (Vanguard); VXF: 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 →VGT vs VXF — FAQ
- How much do VGT and VXF overlap?
- VGT and VXF overlap by approximately 8% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of VGT's 10 largest holdings are also held by VXF. They share 4 of their listed top holdings in total.
- Is it redundant to hold both VGT and VXF?
- 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 VXF hold that VGT doesn't?
- VXF's largest holdings that VGT doesn't hold include BE, RKLB, MSTR, LNG, ALAB. Its category is US mid/small completion, versus VGT's US tech sector.
- Which is more concentrated, VGT or VXF?
- VGT's top 10 holdings are 72% of its listed weight; VXF's are 42%. The more concentrated fund leans harder on its largest names.