Guardfolio Research · ETF Overlap
VGT vs XLK Overlap: 52.2% of Weight in Shared Holdings
VGT (Vanguard Information Technology) and XLK (Technology Select Sector SPDR) overlap by 52.2% of weight through 10 shared top-10 holdings — including NVDA, AAPL, MSFT, AVGO, MU. Here is exactly which stocks duplicate, the sector picture, and whether holding both concentrates or diversifies your portfolio.
Overlap Summary
Bottom line
VGT and XLK overlap heavily — 52.2% of weight sits in the same 10 top-10 names. Owning both stacks the same mega-cap bets rather than spreading risk.
The Data
Exactly which stocks VGT and XLK 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 | XLK weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp. (NVDA) | 18.60% | 15.11% | 15.11% |
| Apple Inc. (AAPL) | 14.82% | 12.17% | 12.17% |
| Microsoft Corp. (MSFT) | 10.02% | 8.65% | 8.65% |
| Broadcom Inc. (AVGO) | 4.60% | 5.56% | 4.60% |
| Micron Technology, Inc. (MU) | 2.62% | 5.48% | 2.62% |
| Advanced Micro Devices, Inc. (AMD) | 2.58% | 4.65% | 2.58% |
| Intel Corp. (INTC) | 1.96% | 3.43% | 1.96% |
| Cisco Systems, Inc. (CSCO) | 1.65% | 3.14% | 1.65% |
| Lam Research Corp. (LRCX) | 1.48% | 2.39% | 1.48% |
| Applied Materials, Inc. (AMAT) | 1.43% | 2.33% | 1.43% |
| Total shared top-10 weight | 59.8% | 62.9% | 52.2% |
Weights are approximate, based on the most recent quarterly holdings. The 52.2% 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 XLK: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (100.0% combined sector overlap).
| Sector | VGT | XLK |
|---|---|---|
| Technology | 100.0% | 100.0% |
The Verdict
Should you hold both VGT and XLK?
VGT and XLK overlap heavily — 52.2% of weight sits in the same 10 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 XLK overlap: common questions
How much do VGT and XLK overlap?
VGT (Vanguard Information Technology) and XLK (Technology Select Sector SPDR) overlap by approximately 52.2% of weight based on their top-10 holdings, with 100.0% sector overlap. They share 10 top-10 holdings: NVDA, AAPL, MSFT, AVGO, MU, AMD, INTC, CSCO, LRCX, AMAT.
What stocks do VGT and XLK both hold?
Both VGT and XLK hold NVIDIA Corp (NVDA), Apple Inc (AAPL), Microsoft Corp (MSFT), Broadcom Inc (AVGO), Micron Technology (MU), Advanced Micro Devices (AMD), Intel Corp (INTC), Cisco Systems (CSCO) among their top positions. These shared names account for the 52.2% weight overlap.
Is it worth holding both VGT and XLK?
VGT and XLK overlap heavily — 52.2% of weight sits in the same 10 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 XLK?
VGT is a technology-sector fund (US Sector – Technology, 0.10% expense ratio) and XLK is a technology-sector fund (US Sector – Technology, 0.09% expense ratio). VGT's top 10 is 59.8% of the fund; XLK's is 62.9%.
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