Guardfolio Research · ETF Overlap
VGT vs IWF Overlap: 39.2% of Weight in Shared Holdings
VGT (Vanguard Information Technology) and IWF (iShares Russell 1000 Growth) overlap by 39.2% of weight through 4 shared top-10 holdings — including NVDA, AAPL, MSFT, AVGO. Here is exactly which stocks duplicate, the sector picture, and whether holding both concentrates or diversifies your portfolio.
Overlap Summary
Bottom line
VGT and IWF overlap heavily — 39.2% of weight sits in the same 4 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk.
The Data
Exactly which stocks VGT and IWF share
The table below shows every holding that appears in both funds' top 10, with each fund's weight and the shared (minimum) weight that counts toward overlap.
| Holding | VGT weight | IWF weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp. (NVDA) | 18.60% | 14.79% | 14.79% |
| Apple Inc. (AAPL) | 14.82% | 11.58% | 11.58% |
| Microsoft Corp. (MSFT) | 10.02% | 8.26% | 8.26% |
| Broadcom Inc. (AVGO) | 4.60% | 5.76% | 4.60% |
| Total shared top-10 weight | 48.0% | 40.4% | 39.2% |
Weights are approximate, based on the most recent quarterly holdings. The 39.2% figure is the sum of the lesser of each fund's weight per shared holding (the conservative top-10 method).
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Sector Picture
VGT vs IWF: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (53.0% combined sector overlap).
| Sector | VGT | IWF |
|---|---|---|
| Technology | 100.0% | 52.8% |
| Consumer Discretionary | 0.0% | 13.2% |
| Communication Services | 0.0% | 9.5% |
| Healthcare | 0.0% | 6.4% |
| Financial Services | 0.0% | 6.3% |
| Industrials | 0.0% | 5.7% |
The Verdict
Should you hold both VGT and IWF?
VGT and IWF overlap heavily — 39.2% of weight sits in the same 4 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk. You are also paying two expense ratios for largely the same exposure. Treat this pair as one position, not two.
FAQ
VGT vs IWF overlap: common questions
How much do VGT and IWF overlap?
VGT (Vanguard Information Technology) and IWF (iShares Russell 1000 Growth) overlap by approximately 39.2% of weight based on their top-10 holdings, with 53.0% sector overlap. They share 4 top-10 holdings: NVDA, AAPL, MSFT, AVGO.
What stocks do VGT and IWF both hold?
Both VGT and IWF hold NVIDIA Corp (NVDA), Apple Inc (AAPL), Microsoft Corp (MSFT), Broadcom Inc (AVGO) among their top positions. These shared names account for the 39.2% weight overlap.
Is it worth holding both VGT and IWF?
VGT and IWF overlap heavily — 39.2% of weight sits in the same 4 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk. You are also paying two expense ratios for largely the same exposure. Treat this pair as one position, not two.
What is the difference between VGT and IWF?
VGT is a technology-sector fund (US Sector – Technology, 0.10% expense ratio) and IWF is a large-cap growth fund (US Large-Cap Growth, 0.19% expense ratio). VGT's top 10 is 59.8% of the fund; IWF's is 62.2%.
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