FCOM vs XLC: Holdings Overlap
FCOMFidelity MSCI Communication Services Index ETF
Fidelity · 89 holdings · $1.7B · as of 2026-04-30
XLCState Street® Communication Services Select Sector SPDR® ETF
State Street (SPDR) · 23 holdings · $21.7B · as of 2026-08-06
Holdings snapshots are 98 days apart (FCOM: 2026-04-30, XLC: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are FCOM and XLC?
Fidelity MSCI Communication Services Index ETF (FCOM, by Fidelity) holds 89 positions; State Street® Communication Services Select Sector SPDR® ETF (XLC, by State Street (SPDR)) holds 23. They have 21 holdings in common, and by portfolio weight the two funds are 72.8% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 72.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21FCOM holds 89 · XLC holds 23
- Weight in Shared Holdings
- FCOM 83%·XLC 98%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 FCOM
68 of 89 positions (16.4% of the fund) are not held by XLC. Showing the top 30 by weight.
Sector Breakdown
| Sector | FCOM | XLC |
|---|---|---|
| Communication Services | 99.8% | 99.8% |
| Other Sectors | 0.0% | 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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FCOM | -1.3% | -2.9% | +8.4% | +20.2% | +6.1% | +10.5% | 0.99% |
| XLC | +0.2% | -5.0% | +5.0% | +19.1% | +7.2% | — | 1.29% |
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 FCOM vs XLC →
Shared Holdings(21)
The top 10 shared positions account for 86% of the overlap, led by META, GOOGL and GOOG.
 METAMeta Platforms, Inc., Class A | 20.39% | 17.57% | 17.57% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 16.29% | 11.04% | 11.04% |
 GOOGAlphabet Inc. CAP STK CL C | 10.74% | 8.87% | 8.87% |
 NFLXNetflix, Inc. COM | 5.18% | 4.49% | 4.49% |
 VZVerizon Communications Inc. COM | 4.18% | 4.79% | 4.18% |
 DISWalt Disney Company COM | 4.12% | 4.77% | 4.12% |
 TAT&T Inc COM | 3.88% | 4.89% | 3.88% |
 WBDWarner Bros. Discovery Inc. COM SER A | 2.82% | 4.38% | 2.82% |
 CMCSAComcast Corporation CL A | 2.69% | 4.67% | 2.69% |
 TMUST-Mobile US Inc COM | 2.68% | 4.65% | 2.68% |
 TTWOTake-Two Interactive Software Inc. COM | 2.08% | 4.23% | 2.08% |
 LYVLive Nation Entertainment, Inc. COM | 1.54% | 4.48% | 1.54% |
 OMCOmnicom Group Inc COM | 1.45% | 4.35% | 1.45% |
 ECHOEchoStar Corp., Class A | 1.04% | 2.19% | 1.04% |
 CHTRCharter Communications, Inc., Class A | 0.84% | 2.43% | 0.84% |
 FOXAFox Corporation CL A COM | 0.80% | 2.28% | 0.80% |
 TKOTKO Group Holdings, Inc., Class A | 0.75% | 2.18% | 0.75% |
 TTDTrade Desk, Inc. (The), Class A | 0.62% | 1.40% | 0.62% |
 NWSANews Corporation CL A | 0.59% | 2.00% | 0.59% |
 FOXFox Corporation CL B COM | 0.52% | 1.42% | 0.52% |
 PSKYParamount Skydance Corp., Class B | 0.20% | 0.53% | 0.20% |
Frequently Asked Questions
How much do FCOM and XLC overlap?
FCOM and XLC overlap by 72.8% of portfolio weight. They share 21 holdings (FCOM holds 89 positions and XLC holds 23), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FCOM and XLC?
The two portfolios are 72.8% identical by weight. Owning both mostly doubles down on the shared core rather than diversifying: the same large positions drive both funds.
What are the biggest shared holdings of FCOM and XLC?
The largest positions held by both funds are META, GOOGL, GOOG, NFLX and VZ. Together the top 10 shared positions account for 86% of the total overlap.
What does FCOM own that XLC doesn't?
68 positions (16.4% of FCOM) are unique to FCOM, led by EA, RBLX and FWONK. In the other direction, 2 positions (2.2% of XLC) are unique to XLC.