FDN vs XLC: Holdings Overlap
FDNFirst Trust Dow Jones Internet Index Fund
First Trust · 41 holdings · $5.3B · as of 2026-03-31
XLCState Street® Communication Services Select Sector SPDR® ETF
State Street (SPDR) · 23 holdings · $21.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (FDN: 2026-03-31, 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 FDN and XLC?
First Trust Dow Jones Internet Index Fund (FDN, by First Trust) holds 41 positions; State Street® Communication Services Select Sector SPDR® ETF (XLC, by State Street (SPDR)) holds 23. They have 4 holdings in common, and by portfolio weight the two funds are 23.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4FDN holds 41 · XLC holds 23
- Weight in Shared Holdings
- FDN 28%·XLC 42%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 FDN
37 of 41 positions (72.1% of the fund) are not held by XLC. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDN | XLC |
|---|---|---|
| Communication Services | 29.8% | 99.8% |
| Information Technology | 38.1% | 0.0% |
| Consumer Discretionary | 26.9% | 0.0% |
| Financials | 2.2% | 0.0% |
| Industrials | 1.6% | 0.0% |
| Other Sectors | 1.4% | 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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FDN | +6.5% | +7.5% | +6.5% | +19.6% | +3.6% | +13.9% | — |
| 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 FDN vs XLC →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by META, GOOGL and NFLX.
Frequently Asked Questions
How much do FDN and XLC overlap?
FDN and XLC overlap by 23.4% of portfolio weight. They share 4 holdings (FDN holds 41 positions and XLC holds 23), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDN and XLC?
The two portfolios are 23.4% 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 FDN and XLC?
The largest positions held by both funds are META, GOOGL, NFLX and GOOG. Together the top 4 shared positions account for 100% of the total overlap.
What does FDN own that XLC doesn't?
37 positions (72.1% of FDN) are unique to FDN, led by AMZN, CSCO and BKNG. In the other direction, 19 positions (57.9% of XLC) are unique to XLC.