SPLG vs VGT Overlap
SPLG is a U.S. large-cap core ETF from SPDR, while VGT is a technology-focused equity ETF from Vanguard. SPLG and VGT show meaningful overlap, with an estimated weighted overlap of 36.07%. They share 68 holdings in the loaded dataset, led by NVDA, MSFT, and AAPL.
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Quick Answer
SPLG is a U.S. large-cap core ETF from SPDR, while VGT is a technology-focused equity ETF from Vanguard. SPLG and VGT show meaningful overlap, with an estimated weighted overlap of 36.07%. They share 68 holdings in the loaded dataset, led by NVDA, MSFT, and AAPL.
- 36.07% weighted overlap across 68 shared holdings.
- The top three shared holdings explain 60.91% of the measured overlap.
- SPLG is the broader fund, while VGT is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- SPLG holdings
- Mar 12, 2026
- VGT holdings
- Mar 12, 2026
- Overlap computed
- Mar 13, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
SPLG is a U.S. large-cap core ETF from SPDR, while VGT is a technology-focused equity ETF from Vanguard. SPLG and VGT overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as NVDA, MSFT, and AAPL, which explains why the score lands at 36.07%.
How They Differ
SPLG is a U.S. large-cap core ETF from SPDR, while VGT is a technology-focused equity ETF from Vanguard. SPLG is the broader fund, while VGT is the more targeted sleeve. SPLG has the lower expense ratio, while VGT charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 60.91% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
If you want the broader portfolio building block, SPLG is usually the wider choice. If you want the more focused tilt, VGT is the narrower expression. SPLG has the lower expense ratio, while VGT charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 60.91% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between SPLG and VGT.
| Holding | Name | SPLG Wt. | VGT Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | 8.34% | 18.06% | 8.34% |
| MSFT | MICROSOFT CORP | 6.85% | 10.94% | 6.85% |
| AAPL | APPLE INC | 6.79% | 14.34% | 6.79% |
| AVGO | BROADCOM INC | 2.98% | 4.33% | 2.98% |
| ORCL | ORACLE CORP | 0.79% | 1.37% | 0.79% |
| PLTR | PALANTIR TECHNOLOGIES INC A | 0.73% | 1.62% | 0.73% |
| AMD | ADVANCED MICRO DEVICES | 0.71% | 1.90% | 0.71% |
| IBM | INTL BUSINESS MACHINES CORP | 0.49% | 1.44% | 0.49% |
| CSCO | CISCO SYSTEMS INC | 0.49% | 1.56% | 0.49% |
| MU | MICRON TECHNOLOGY INC | 0.42% | 2.35% | 0.42% |
Why These ETFs Overlap
SPLG is a U.S. large-cap core ETF from SPDR, while VGT is a technology-focused equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, MSFT, and AAPL, which appear in both portfolios and push the overlap score higher.
Holding both SPLG and VGT can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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Frequently Asked Questions About SPLG and VGT
What is the overlap between SPLG and VGT?+
How many holdings do SPLG and VGT share?+
Is the SPLG and VGT overlap high?+
Why do SPLG and VGT overlap?+
Which ETF is broader, SPLG or VGT?+
How Overlap Is Calculated
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.