SMH vs CNDX overlap

32% by weight, as of September 24, 2026: moderate overlap. 21 companies appear in both funds; they make up 85% of SMH and 32% of CNDX.

The largest shared positions are NVDA, MU, AMD, AVGO and INTC. Ranked by the smaller of the two weights, which is the part you would own twice.

Out of every $100 split evenly between them, about $32 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 4 names only in SMH, 80 only in CNDX. Half in each behaves like 25 equally weighted stocks, against 13 for SMH alone and 31 for CNDX alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.

CNDX is iShares Nasdaq 100 UCITS ETF (ISIN IE00B53SZB19), an Irish-domiciled UCITS fund on the Nasdaq-100 index. Next to SMH, 32% of the money is the same, spread over 21 companies both hold, as of September 24, 2026.

Yes. CNDX also trades as CNX1 (London, GBP), SXRV (Xetra, EUR) and CSNDX (Borsa Italiana, EUR). Each is the same portfolio in another currency, on another exchange or paying its dividends out, so SMH vs SXRV also overlaps 32%.

For every company held by both funds we take the smaller of its two weights and add them up. The weights come from the full holdings files VanEck and iShares publish, not a top-10 sample, and companies are matched by their ISIN so share classes stay apart. Sector overlap applies the same rule to the issuers' sector labels; "behaves like N equally weighted stocks" is one over the sum of the squared weights.