ARKW vs FCOM: Holdings Overlap
ARKWARK Next Generation Internet ETF
ARK · 42 holdings · $1.7B · as of 2026-04-30
FCOMFidelity MSCI Communication Services Index ETF
Fidelity · 89 holdings · $1.7B · as of 2026-04-30
How similar are ARKW and FCOM?
ARK Next Generation Internet ETF (ARKW, by ARK) holds 42 positions; Fidelity MSCI Communication Services Index ETF (FCOM, by Fidelity) holds 89. They have 5 holdings in common, and by portfolio weight the two funds are 10.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5ARKW holds 42 · FCOM holds 89
- Weight in Shared Holdings
- ARKW 15%·FCOM 39%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ARKW
37 of 42 positions (85.4% of the fund) are not held by FCOM. Showing the top 30 by weight.
Sector Breakdown
| Sector | ARKW | FCOM |
|---|---|---|
| Communication Services | 16.6% | 99.8% |
| Information Technology | 39.5% | 0.0% |
| Financials | 18.1% | 0.0% |
| Consumer Discretionary | 17.3% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
| Unclassified | 8.4% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (8% of ARKW, 0% of FCOM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ARKW | +0.5% | +0.1% | -4.8% | +34.6% | +0.7% | +22.3% | 1.59% |
| FCOM | -1.3% | -2.9% | +8.4% | +20.2% | +6.1% | +10.5% | 0.99% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ARKW vs FCOM →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by GOOG, META and RBLX.
Frequently Asked Questions
How much do ARKW and FCOM overlap?
ARKW and FCOM overlap by 10.0% of portfolio weight. They share 5 holdings (ARKW holds 42 positions and FCOM holds 89), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ARKW and FCOM?
The two portfolios are 10.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ARKW and FCOM?
The largest positions held by both funds are GOOG, META, RBLX, NFLX and ROKU. Together the top 5 shared positions account for 100% of the total overlap.
What does ARKW own that FCOM doesn't?
37 positions (85.4% of ARKW) are unique to ARKW, led by AMD, TSLA and ARKB. In the other direction, 84 positions (60.9% of FCOM) are unique to FCOM.