Guardfolio Research · ETF Overlap
VGT vs IWF Overlap: 53.1% of Weight in Shared Holdings
VGT (Vanguard Information Technology) and IWF (iShares Russell 1000 Growth) overlap by 53.1% of normalized weight through 92 shared securities, led by NVDA, AAPL, MSFT, AVGO, MU. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
VGT and IWF overlap heavily: 53.1% of normalized fund weight is shared across 92 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification..
The Data
Exactly which securities VGT and IWF share
The table below shows the largest contributors to overlap across the licensed full holdings, with each fund's normalized weight and the lesser weight that counts toward overlap.
| Data basis | Licensed full holdings |
|---|---|
| Fund dates | VGT 2026-08-24; IWF 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VGT weight | IWF weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp (NVDA) | 17.17% | 15.07% | 15.07% |
| Apple Inc (AAPL) | 16.26% | 7.29% | 7.29% |
| Microsoft Corp (MSFT) | 10.97% | 5.40% | 5.40% |
| Broadcom Inc (AVGO) | 4.21% | 5.16% | 4.21% |
| Micron Technology Inc (MU) | 3.82% | 3.28% | 3.28% |
| Advanced Micro Devices Inc (AMD) | 3.18% | 2.32% | 2.32% |
| Lam Research Corp (LRCX) | 1.54% | 1.18% | 1.18% |
| Applied Materials Inc (AMAT) | 1.69% | 1.17% | 1.17% |
| Palantir Technologies Inc (PLTR) | 1.14% | 1.20% | 1.14% |
| Palo Alto Networks Inc (PANW) | 1.16% | 0.87% | 0.87% |
| Oracle Corp (ORCL) | 0.90% | 0.76% | 0.76% |
| KLA Corp (KLAC) | 1.02% | 0.72% | 0.72% |
| Texas Instruments Inc (TXN) | 1.07% | 0.72% | 0.72% |
| Sandisk Corp (SNDK) | 0.75% | 0.70% | 0.70% |
| Marvell Technology Inc (MRVL) | 0.70% | 0.62% | 0.62% |
| Arista Networks Inc (ANET) | 0.83% | 0.59% | 0.59% |
| Crowdstrike Holdings Inc (CRWD) | 0.83% | 0.58% | 0.58% |
| Amphenol Corp (APH) | 0.85% | 0.58% | 0.58% |
| Western Digital Corp (WDC) | 0.83% | 0.47% | 0.47% |
| ServiceNow Inc (NOW) | 0.49% | 0.40% | 0.40% |
| Total full-holdings overlap | 82.0% | 54.2% | 53.1% |
Showing the 20 largest contributors of 92 shared securities. The total uses every shared security.
The 53.1% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. VGT is dated 2026-08-24 with 99.963% retained coverage; IWF is dated 2026-08-24 with 99.961% retained coverage.
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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: 53.1% of normalized fund weight is shared across 92 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
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 53.1% of normalized weight across their licensed full holdings. They share 92 securities; the largest contributors include NVDA, AAPL, MSFT, AVGO, MU, AMD, LRCX, AMAT. The separately dated sector reference shows 53.0% overlap.
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), Micron Technology Inc (MU), Advanced Micro Devices Inc (AMD), Lam Research Corp (LRCX), Applied Materials Inc (AMAT) among their top positions. These shared names account for the 53.1% weight overlap.
Is it worth holding both VGT and IWF?
VGT and IWF overlap heavily: 53.1% of normalized fund weight is shared across 92 securities. Owning both repeats much of the same exposure, so treat the pair as closely related positions rather than assuming two fund labels create diversification.
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). The dataset includes 320 VGT holdings as of 2026-08-24 and 367 IWF holdings as of 2026-08-24.
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