etf overlap · light overlap
SMH vs ITOT overlap
16% of SMH and ITOT is the same money, spread over 20 companies both funds hold.
Holdings as of September 24, 2026 · source: VanEck (SMH), iShares (ITOT) · How we measured all 1,035 pairs
- same money
- same companies, extra weight
- only in this fund
The companies you would own twice
What only one of them gives you
AMZNAMAZON.COM INC3.35%Where each fund puts its money
SMH and ITOT: what people ask
How much do SMH and ITOT overlap?
16% by weight, as of September 24, 2026: light overlap. 20 companies appear in both funds; they make up 80% of SMH and 16% of ITOT.
Which stocks do SMH and ITOT both hold?
The largest shared positions are NVDA, AVGO, MU, AMD and INTC. Ranked by the smaller of the two weights, which is the part you would own twice.
Is it redundant to hold both SMH and ITOT?
Out of every $100 split evenly between them, about $16 (half in each fund) buys identical positions. The rest is exposure only one of the two funds gives you: 5 names only in SMH, 2,405 only in ITOT. Half in each behaves like 31 equally weighted stocks, against 13 for SMH alone and 55 for ITOT alone. Whether that duplication is a problem depends on the mix you want; this is a description, not advice.
How is ETF overlap calculated here?
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.
Weights come from each issuer's published holdings file and are matched company by company on their ISIN. Cash, futures and currency positions are left out. This page describes what the funds hold; it is not investment advice.