Guardfolio Research · ETF Overlap
XLK vs VIG Overlap: 24.3% of Weight in Shared Holdings
XLK (Technology Select Sector SPDR) and VIG (Vanguard Dividend Appreciation) overlap by 24.3% of normalized weight through 18 shared securities, led by AVGO, AAPL, MSFT, CSCO, LRCX. Here is which positions contribute most and what the result can and cannot say about diversification.
Overlap Summary
Bottom line
XLK and VIG share 24.3% of normalized fund weight across 18 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected..
The Data
Exactly which securities XLK and VIG 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 | XLK 2026-08-24; VIG 2026-08-24 |
| Coverage gate | At least 97% retained per fund |
| Holding | XLK weight | VIG weight | Shared (min) |
|---|---|---|---|
| BROADCOM INC (AVGO) | 4.77% | 4.65% | 4.65% |
| APPLE INC (AAPL) | 12.43% | 4.47% | 4.47% |
| MICROSOFT CORP (MSFT) | 9.82% | 4.35% | 4.35% |
| CISCO SYSTEMS INC (CSCO) | 2.93% | 1.99% | 1.99% |
| LAM RESEARCH CORP (LRCX) | 2.62% | 1.59% | 1.59% |
| TEXAS INSTRUMENTS INC (TXN) | 1.61% | 1.09% | 1.09% |
| KLA CORP (KLAC) | 1.60% | 1.04% | 1.04% |
| ORACLE CORP (ORCL) | 1.66% | 0.96% | 0.96% |
| AMPHENOL CORP CL A (APH) | 1.29% | 0.86% | 0.86% |
| ANALOG DEVICES INC (ADI) | 1.22% | 0.78% | 0.78% |
| QUALCOMM INC (QCOM) | 1.13% | 0.67% | 0.67% |
| ACCENTURE PLC CL A (ACN) | 0.76% | 0.44% | 0.44% |
| INTUIT INC (INTU) | 0.68% | 0.38% | 0.38% |
| MOTOROLA SOLUTIONS INC (MSI) | 0.53% | 0.31% | 0.31% |
| TE CONNECTIVITY PLC (TEL) | 0.40% | 0.26% | 0.26% |
| MICROCHIP TECHNOLOGY INC (MCHP) | 0.27% | 0.17% | 0.17% |
| ROPER TECHNOLOGIES INC (ROP) | 0.28% | 0.17% | 0.17% |
| CDW CORP/DE (CDW) | 0.12% | 0.08% | 0.08% |
| Total full-holdings overlap | 44.1% | 24.3% | 24.3% |
The 24.3% figure uses all reported non-cash holdings and sums the lesser normalized weight for each shared security. XLK is dated 2026-08-24 with 99.934% retained coverage; VIG is dated 2026-08-24 with 99.699% retained coverage.
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Sector Picture
XLK vs VIG: sector exposure side by side
Two funds can share few holdings yet still concentrate the same sectors. Here is how the top sectors compare (27.0% combined sector overlap).
| Sector | XLK | VIG |
|---|---|---|
| Technology | 100.0% | 26.5% |
| Financial Services | 0.0% | 22.5% |
| Healthcare | 0.0% | 14.5% |
| Industrials | 0.0% | 11.5% |
| Consumer Staples | 0.0% | 10.1% |
| Consumer Discretionary | 0.0% | 5.3% |
The Verdict
Should you hold both XLK and VIG?
XLK and VIG share 24.3% of normalized fund weight across 18 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
FAQ
XLK vs VIG overlap: common questions
How much do XLK and VIG overlap?
XLK (Technology Select Sector SPDR) and VIG (Vanguard Dividend Appreciation) overlap by approximately 24.3% of normalized weight across their licensed full holdings. They share 18 securities; the largest contributors include AVGO, AAPL, MSFT, CSCO, LRCX, TXN, KLAC, ORCL. The separately dated sector reference shows 27.0% overlap.
What stocks do XLK and VIG both hold?
Both XLK and VIG hold BROADCOM INC (AVGO), APPLE INC (AAPL), MICROSOFT CORP (MSFT), CISCO SYSTEMS INC (CSCO), LAM RESEARCH CORP (LRCX), TEXAS INSTRUMENTS INC (TXN), KLA CORP (KLAC), ORACLE CORP (ORCL) among their top positions. These shared names account for the 24.3% weight overlap.
Is it worth holding both XLK and VIG?
XLK and VIG share 24.3% of normalized fund weight across 18 securities. That is significant overlap: the funds reinforce some of the same positions, so combining them may diversify less than expected.
What is the difference between XLK and VIG?
XLK is a technology-sector fund (US Sector – Technology, 0.09% expense ratio) and VIG is a dividend fund (US Dividend, 0.05% expense ratio). The dataset includes 73 XLK holdings as of 2026-08-24 and 334 VIG holdings as of 2026-08-24.
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