VUG is a U.S. growth equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VUG and XLK show heavy overlap, with an estimated weighted overlap of 50.92%. They share 40 holdings in the loaded dataset, led by NVDA, AAPL, and MSFT.
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VUG is a U.S. growth equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VUG and XLK show heavy overlap, with an estimated weighted overlap of 50.92%. They share 40 holdings in the loaded dataset, led by NVDA, AAPL, and MSFT.
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VUG is a U.S. growth equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VUG and XLK share a large chunk of the same portfolio weight. The overlap is driven by positions like NVDA, AAPL, and MSFT, so owning both may not diversify your stock exposure as much as the fund names suggest.
VUG is a U.S. growth equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. VUG is the broader fund, while XLK is the more targeted sleeve. VUG has the lower expense ratio, while XLK charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 68.21% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
If you want the broader portfolio building block, VUG is usually the wider choice. If you want the more focused tilt, XLK is the narrower expression. VUG has the lower expense ratio, while XLK charges more for its exposure.
Concentration
The top three shared holdings explain 68.21% 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.
These are the holdings contributing the most to the overlap score between VUG and XLK.
| Holding | Name | VUG Wt. | XLK Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA Corp | 13.31% | 15.50% | 13.31% |
| AAPL | Apple Inc | 12.32% | 13.63% | 12.32% |
| MSFT | Microsoft Corp | 9.09% | 10.05% | 9.09% |
| AVGO | Broadcom Inc | 4.40% | 5.37% | 4.40% |
| AMD | Advanced Micro Devices Inc | 1.11% | 2.95% | 1.11% |
| PLTR | Palantir Technologies Inc | 1.07% | 2.98% | 1.07% |
| LRCX | Lam Research Corp | 0.90% | 2.38% | 0.90% |
| ORCL | Oracle Corp | 0.85% | 2.22% | 0.85% |
| KLAC | KLA Corp | 0.66% | 1.72% | 0.66% |
| APH | Amphenol Corp | 0.53% | 1.38% | 0.53% |
VUG is a U.S. growth equity ETF from Vanguard, while XLK is a technology-focused equity ETF from SPDR. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are NVDA, AAPL, and MSFT, which appear in both portfolios and push the overlap score higher.
Holding both VUG and XLK may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
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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.