SOXX vs VT: Correlation & Overlap
Measured on weekly returns over the past three years, iShares Semiconductor ETF (SOXX) and Vanguard Total World Stock ETF (VT) carry a correlation of 0.80, a very strong link. By holdings, the two funds overlap 10.2% by weight.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SOXX and VT?
Over the past 3 years, SOXX and VT moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 389.2 %².
Within SOXX's tracked universe of 127 assets, VT comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 87.3 percentage points (+110.0% for SOXX against +22.7% for VT). The rolling one-year correlation moved between 0.64 and 0.90 over the past three years, a moderate range. Risk is not evenly split, since SOXX carries 2.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SOXX vs VT: side by side
| SOXX (iShares Semiconductor ETF) | VT (Vanguard Total World Stock ETF) | |
|---|---|---|
| 1-year return | +110.0% | +22.7% |
| 5-year return | +247.5% | +67.7% |
| Volatility (ann.) | 35.2% | 13.9% |
| Beta vs S&P 500 | 1.93 | 0.92 |
| Max drawdown (3Y) | -41.4% | -16.5% |
| Dividend yield | 0.29% | 1.59% |
| Expense ratio | 0.33% | 0.06% |
| Assets under management | $44.7B | $97.9B |
| Sector / category | ETF · Thematic | ETF · Global |
SOXX, iShares's Technology fund, carries $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield. VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.
Portfolio overlap between SOXX and VT
The two portfolios are largely distinct: 10.2% of the funds' weight sits in the same underlying holdings (27 common positions). Correlation tells you they move together; overlap tells you why.
| Common holding | Weight in SOXX | Weight in VT |
|---|---|---|
| NVDA | 8.87% | 4.20% |
| AVGO | 7.11% | 1.62% |
| MU | 8.64% | 0.83% |
| AMD | 8.33% | 0.69% |
| ASML | 2.51% | 0.57% |
| AMAT | 4.76% | 0.36% |
| INTC | 4.97% | 0.35% |
| LRCX | 4.39% | 0.33% |
| TXN | 3.83% | 0.22% |
| KLAC | 4.27% | 0.21% |
| ADI | 4.01% | 0.16% |
| MRVL | 5.34% | 0.15% |
| QCOM | 2.91% | 0.14% |
| MPWR | 3.43% | 0.06% |
| NXPI | 3.10% | 0.05% |
Largest positions held only by SOXX: TSM (4.64%), ARM (0.70%), STM (0.65%). Only by VT: AAPL (4.00%), MSFT (3.09%), AMZN (2.36%), GOOGL (1.89%), 2330 (1.61%).
Overlap = sum of the smaller of the two weights across common holdings, from issuer disclosures as of 2026-08-26. Top 15 common positions shown.
Year-by-year returns
| Year | SOXX | VT |
|---|---|---|
| 2022 | -35.1% | -18.0% |
| 2023 | +67.1% | +22.0% |
| 2024 | +12.9% | +16.5% |
| 2025 | +40.7% | +22.4% |
| 2026 | +74.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SOXX and VT good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between SOXX and VT?
As of 2026-08-27, the correlation of weekly returns between SOXX and VT is 0.80 over 3 years, 0.76 over 1 year and 0.80 over 5 years.
Is VT a good diversifier for SOXX?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
How much do SOXX and VT overlap?
Per the issuers' own portfolio disclosures (2026-08-26), the overlap is 10.2% by weight over 27 common positions.
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Hubs: SOXX correlations · VT correlations
