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 6% by weight. 0 of VGT's top 10 holdings also appear in VXF. A 50/50 blend of the two behaves like about 63 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 3 holdings appear in both VGT and VXF. The weight columns show how much of each fund each name represents.
| Holding | in VGT | in VXF |
|---|---|---|
| SNOW Snowflake Inc. | 0.36% | 0.99% |
| NET Cloudflare Inc. Class A | 0.35% | 0.88% |
| ALAB Astera Labs Inc. | 0.34% | 0.73% |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that VXF doesn’t have:
| NVDA NVIDIA Corp. | 16.10% |
| AAPL Apple Inc. | 14.33% |
| MSFT Microsoft Corp. | 8.28% |
| MU Micron Technology Inc. | 5.04% |
| AVGO Broadcom Inc. | 3.84% |
| AMD Advanced Micro Devices Inc. | 3.65% |
| INTC Intel Corp. | 2.41% |
| AMAT Applied Materials Inc. | 2.26% |
Only in VXF
Vanguard Extended Market ETF — US mid/small completion. Its biggest holdings that VGT doesn’t have:
| SPCX Space Exploration Technologies Corp. Class A | 1.14% |
| BE Bloom Energy Corp. Class A | 0.89% |
| RKLB Rocket Lab Corp. | 0.58% |
| LNG Cheniere Energy Inc. | 0.56% |
| FERG Ferguson Enterprises Inc./DE | 0.52% |
| CRDO Credo Technology Group Holding Ltd. | 0.50% |
| ALNY Alnylam Pharmaceuticals Inc. | 0.45% |
| NTRA Natera Inc. | 0.44% |
So — essentially different. Should you hold both?
VGT and VXF hold almost none of the same securities — they are complementary, not redundant. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~63 effective positions (grade A), because they hold largely different securities.
Holdings as of — VGT: Jun 30, 2026 (Vanguard); VXF: 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 →VGT vs VXF — FAQ
- How much do VGT and VXF overlap?
- VGT and VXF overlap by approximately 6% 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 3 of their listed top holdings in total.
- Is it redundant to hold both VGT and VXF?
- 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 63 positions and a A diversification grade.
- What does VXF hold that VGT doesn't?
- VXF's largest holdings that VGT doesn't hold include SPCX, BE, RKLB, LNG, FERG. 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 71% of its listed weight; VXF's are 38%. The more concentrated fund leans harder on its largest names.