VGT holds about 320 US information technology stocks, spanning large through small companies. It tracks the MSCI US IMI Information Technology 25/50 Index, using market-capitalization weights with concentration limits. Holdings cover areas including semiconductors, software and technology hardware.
History and development
VGT began on January 26, 2004, as a sector-specific alternative to broad US equity funds. It follows an information-technology classification rather than collecting every company that uses technology. Consequently, some businesses popularly described as technology companies can fall outside its industry-defined universe.
References: Vanguard: VGT factsheet
Comparing charts on this board
Compare VGT with the Nasdaq-100 and S&P 500 to track information technology against large growth companies and the wider market. Its sector classification differs from the Nasdaq-100's listing and non-financial criteria.
Add SMH to examine semiconductor leadership within that technology backdrop. Joint strength and chip-only outperformance point to different themes to investigate.
Related charts: NASDAQ 100 · S&P 500 · SMH
Official references: Vanguard: VGT