etf overlap tool · heavy overlap
XLK vs VOOG overlap
84% of XLK's money sits in companies VOOG also holds; 54% of the two funds is the same money, spread over 40 companies both hold.
Holdings as of September 30, 2026 · source: SPDR (XLK), Vanguard (VOOG) · How we measured all 1,431 pairs
- same money
- same companies, extra weight
- only in this fund
Hold XLK and VOOG with other funds or stocks? The free portfolio optimizer opens XLK and VOOG beside the rest of what you own: the companies you hold twice, what the funds cost a year, and where the next deposit should go. No account.
The companies you would own twice
What only one of them gives you
AMZNAmazon.com Inc3.52%Where each fund puts its money
XLK and VOOG: what people ask
How much do XLK and VOOG overlap?
54% by weight, as of September 30, 2026: heavy overlap. 40 companies appear in both funds; they make up 84% of XLK and 54% of VOOG.
Which stocks do XLK and VOOG both hold?
The largest shared positions are NVDA, MSFT, AAPL, AVGO and MU. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both XLK and VOOG?
Out of every $100 split evenly between them, about $54 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 35 names only in XLK, 112 only in VOOG. Half in each behaves like 18 equally weighted stocks, against 14 for XLK alone and 19 for VOOG alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files SPDR and Vanguard publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.