ETF overlap · Updated August 15, 2026

SMH vs SPYG: Holdings Overlap

VanEck Semiconductor ETF (SMH) and State Street® SPDR® Portfolio S&P 500® Growth ETF (SPYG) share 11 holdings, with roughly 29% of their portfolio weight overlapping.

Weight overlap

29%

Shared portfolio weight

Shared holdings

11

Securities in both funds

Funds

SMH · SPYG

Compared side by side

Compare SMH and SPYG live →

Interactive charts, sector exposure, combined allocation, and the full overlap heatmap.

All 11 holdings SMH and SPYG share

Every holding both funds own, ranked by shared exposure (how much of the position they hold in common). The weight gap shows which fund tilts more heavily into it.

HoldingIn SMHIn SPYGWeight gap
NVDANVIDIA22.03%14.85%7.18%SMH
AVGOBROADCOM6.74%5.38%1.36%SMH
MUMICRON TECHNOLOGY4.98%2.91%2.07%SMH
AMDADVANCED MICRO DEVICES5.45%2.14%3.31%SMH
AMATAPPLIED MATERIALS4.82%1.15%3.67%SMH
LRCXLAM RESEARCH4.31%1.15%3.16%SMH
KLACKLA4.10%0.74%3.36%SMH
MRVLMARVELL TECHNOLOGY3.78%0.25%3.53%SMH
MPWRMONOLITHIC POWER SYSTEMS1.38%0.18%1.20%SMH
CDNSCADENCE DESIGN SYS2.22%0.15%2.07%SMH
TERTERADYNE1.37%0.10%1.27%SMH

Sector exposure: SMH vs SPYG

How each fund's equity holdings break down by sector, side by side — the clearest read on where the two funds tilt differently.

SectorIn SMHIn SPYG
Technology
100.0%53.4%
Communication Services
0.0%14.8%
Financial Services
0.0%8.9%
Consumer Cyclical
0.0%8.4%
Healthcare
0.0%6.2%
Industrials
0.0%6.0%
Consumer Defensive
0.0%1.0%
Real Estate
0.0%0.6%
Utilities
0.0%0.3%
Basic Materials
0.0%0.3%

Weights are of each fund’s classified equity holdings.

All holdings in SMH and SPYG

SMH

SPYG


What does ETF overlap mean?

Two ETFs overlap when they hold the same underlying securities. Holding both funds can leave you more concentrated than you think — you may own the same large companies twice, at a combined weight neither fund shows on its own. The weight overlap above is the share of portfolio weight the two funds hold in common: for every security both own, it counts only the smaller of the two weights (the slice you genuinely double up on). 0% means completely different books; 100% means effectively identical funds.

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Data reflects the latest holdings we have for each fund as of August 15, 2026. Holdings change over time. For information only — not investment advice.