Guardfolio Research · ETF Overlap
VGT vs XLK Overlap: 78.7% of Weight in Shared Holdings
VGT (Vanguard Information Technology) and XLK (Technology Select Sector SPDR) overlap by 78.7% of normalized weight through 72 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 XLK overlap heavily: 78.7% of normalized fund weight is shared across 72 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 XLK 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; XLK 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | VGT weight | XLK weight | Shared (min) |
|---|---|---|---|
| NVIDIA Corp (NVDA) | 17.17% | 14.22% | 14.22% |
| Apple Inc (AAPL) | 16.26% | 12.43% | 12.43% |
| Microsoft Corp (MSFT) | 10.97% | 9.82% | 9.82% |
| Broadcom Inc (AVGO) | 4.21% | 4.77% | 4.21% |
| Micron Technology Inc (MU) | 3.82% | 4.11% | 3.82% |
| Advanced Micro Devices Inc (AMD) | 3.18% | 4.02% | 3.18% |
| Cisco Systems Inc (CSCO) | 1.91% | 2.93% | 1.91% |
| Applied Materials Inc (AMAT) | 1.69% | 2.61% | 1.69% |
| Intel Corp (INTC) | 1.65% | 2.97% | 1.65% |
| Lam Research Corp (LRCX) | 1.54% | 2.62% | 1.54% |
| Palo Alto Networks Inc (PANW) | 1.16% | 1.94% | 1.16% |
| Palantir Technologies Inc (PLTR) | 1.14% | 2.76% | 1.14% |
| Texas Instruments Inc (TXN) | 1.07% | 1.61% | 1.07% |
| KLA Corp (KLAC) | 1.02% | 1.60% | 1.02% |
| Oracle Corp (ORCL) | 0.90% | 1.66% | 0.90% |
| Amphenol Corp (APH) | 0.85% | 1.29% | 0.85% |
| Arista Networks Inc (ANET) | 0.83% | 1.30% | 0.83% |
| Crowdstrike Holdings Inc (CRWD) | 0.83% | 1.30% | 0.83% |
| Western Digital Corp (WDC) | 0.83% | 1.06% | 0.83% |
| Seagate Technology Holdings PLC (STX) | 0.82% | 1.27% | 0.82% |
| Total full-holdings overlap | 86.7% | 98.5% | 78.7% |
Showing the 20 largest contributors of 72 shared securities. The total uses every shared security.
The 78.7% 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; XLK is dated 2026-08-24 with 99.934% retained coverage.
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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: 78.7% of normalized fund weight is shared across 72 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 XLK overlap: common questions
How much do VGT and XLK overlap?
VGT (Vanguard Information Technology) and XLK (Technology Select Sector SPDR) overlap by approximately 78.7% of normalized weight across their licensed full holdings. They share 72 securities; the largest contributors include NVDA, AAPL, MSFT, AVGO, MU, AMD, CSCO, AMAT. The separately dated sector reference shows 100.0% overlap.
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 Inc (MU), Advanced Micro Devices Inc (AMD), Cisco Systems Inc (CSCO), Applied Materials Inc (AMAT) among their top positions. These shared names account for the 78.7% weight overlap.
Is it worth holding both VGT and XLK?
VGT and XLK overlap heavily: 78.7% of normalized fund weight is shared across 72 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 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). The dataset includes 320 VGT holdings as of 2026-08-24 and 73 XLK holdings as of 2026-08-24.
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