IWF is a U.S. growth equity ETF from IShares, while VGT is a technology-focused equity ETF from Vanguard. IWF and VGT show heavy overlap, with an estimated weighted overlap of 52.59%. They share 92 holdings in the loaded dataset, led by NVDA, AAPL, and AVGO.
Freshly computed.
Quick Answer
IWF is a U.S. growth equity ETF from IShares, while VGT is a technology-focused equity ETF from Vanguard. IWF and VGT show heavy overlap, with an estimated weighted overlap of 52.59%. They share 92 holdings in the loaded dataset, led by NVDA, AAPL, and AVGO.
Data Freshness
Review the methodology for the overlap formula and refresh policy.
Compare another pair
IWF is a U.S. growth equity ETF from IShares, while VGT is a technology-focused equity ETF from Vanguard. IWF and VGT share a large chunk of the same portfolio weight. The overlap is driven by positions like NVDA, AAPL, and AVGO, so owning both may not diversify your stock exposure as much as the fund names suggest.
IWF is a U.S. growth equity ETF from IShares, while VGT is a technology-focused equity ETF from Vanguard. IWF is the broader fund, while VGT is the more targeted sleeve. VGT has the lower expense ratio, while IWF 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 47.07% 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, IWF is usually the wider choice. If you want the more focused tilt, VGT is the narrower expression. VGT has the lower expense ratio, while IWF charges more for its exposure.
Concentration
The top three shared holdings explain 47.07% 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 IWF and VGT.
| Holding | Name | IWF Wt. | VGT Wt. | Overlap |
|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | 13.83% | 16.82% | 13.83% |
| AAPL | APPLE INC. | 6.72% | 14.57% | 6.72% |
| AVGO | BROADCOM INC. | 5.21% | 4.21% | 4.21% |
| MSFT | MICROSOFT CORPORATION | 4.11% | 9.46% | 4.11% |
| MU | MICRON TECHNOLOGY, INC. | 3.86% | 4.20% | 3.86% |
| AMD | ADVANCED MICRO DEVICES, INC. | 2.80% | 3.21% | 2.80% |
| LRCX | LAM RESEARCH CORPORATION | 1.60% | 1.56% | 1.56% |
| AMAT | APPLIED MATERIALS, INC. | 1.70% | 1.40% | 1.40% |
| KLAC | KLA CORPORATION | 1.17% | 1.00% | 1.00% |
| SNDK | SANDISK CORPORATION | 0.98% | 0.98% | 0.98% |
IWF is a U.S. growth equity ETF from IShares, 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, AAPL, and AVGO, which appear in both portfolios and push the overlap score higher.
Holding both IWF and VGT may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
Go deeper
Portwise gives you full portfolio diagnostics — concentration risk, hidden risk scoring, drawdown analysis, and risk evolution tracking. Free to start.
Stay informed
Portfolio overlap alerts, new comparison data, and investing insights from the CG Corp team. No spam, unsubscribe anytime.
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.