FNCL vs FTCS: Holdings Overlap
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
FTCSFirst Trust Capital Strength ETF
First Trust · 50 holdings · $7.9B · as of 2026-03-31
Holdings snapshots are 30 days apart (FNCL: 2026-04-30, FTCS: 2026-03-31). 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 FNCL and FTCS?
Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383 positions; First Trust Capital Strength ETF (FTCS, by First Trust) holds 50. They have 12 holdings in common, and by portfolio weight the two funds are 10.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12FNCL holds 383 · FTCS holds 50
- Weight in Shared Holdings
- FNCL 18%·FTCS 23%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 FNCL
371 of 383 positions (81.6% of the fund) are not held by FTCS. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNCL | FTCS |
|---|---|---|
| Financials | 99.6% | 23.0% |
| Industrials | 0.0% | 21.5% |
| Consumer Staples | 0.0% | 17.0% |
| Health Care | 0.0% | 12.1% |
| Information Technology | 0.0% | 9.2% |
| Other Sectors | 0.0% | 17.2% |
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 |
|---|---|---|---|---|---|---|---|
| FNCL | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.54% |
| FTCS | +2.7% | +8.9% | +11.0% | +10.9% | +6.3% | +10.8% | 1.06% |
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 FNCL vs FTCS →
Shared Holdings(12)
The top 10 shared positions account for 96% of the overlap, led by MA, V and SCHW.
 MAMasterCard Incorporated CL A | 5.04% | 1.92% | 1.92% |
|---|---|---|---|
 VVisa Inc COM CL A | 6.59% | 1.90% | 1.90% |
 SCHWThe Charles Schwab Corporation COM | 1.83% | 1.87% | 1.83% |
 MRSHMarsh & McLennan Companies, Inc. COM | 0.97% | 1.97% | 0.97% |
 MCOMoodys Corp. COM | 0.88% | 1.67% | 0.88% |
 AFLAflac Incorporated COM | 0.68% | 2.07% | 0.68% |
 AMPAmeriprise Financial, Inc. COM | 0.52% | 1.81% | 0.52% |
 ACGLArch Capital Group Ltd. ORD | 0.41% | 2.19% | 0.41% |
 CBOECboe Global Markets Inc COM | 0.37% | 2.13% | 0.37% |
 RJFRaymond James Financial Inc. COM | 0.35% | 1.74% | 0.35% |
 TROWPrice T Rowe Group Inc. COM | 0.27% | 1.75% | 0.27% |
 WRBW.R. Berkley Corporation COM | 0.19% | 2.02% | 0.19% |
Frequently Asked Questions
How much do FNCL and FTCS overlap?
FNCL and FTCS overlap by 10.3% of portfolio weight. They share 12 holdings (FNCL holds 383 positions and FTCS holds 50), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNCL and FTCS?
The two portfolios are 10.3% 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 FNCL and FTCS?
The largest positions held by both funds are MA, V, SCHW, MRSH and MCO. Together the top 10 shared positions account for 96% of the total overlap.
What does FNCL own that FTCS doesn't?
371 positions (81.6% of FNCL) are unique to FNCL, led by JPM, BRK-B and BAC. In the other direction, 38 positions (76.9% of FTCS) are unique to FTCS.