FNCL vs IYF: Holdings Overlap
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
IYFiShares U.S. Financials ETF
iShares · 142 holdings · $4.5B · as of 2026-04-30
How similar are FNCL and IYF?
Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383 positions; iShares U.S. Financials ETF (IYF, by iShares) holds 142. They have 134 holdings in common, and by portfolio weight the two funds are 75.5% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 75.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 134FNCL holds 383 · IYF holds 142
- Weight in Shared Holdings
- FNCL 76%·IYF 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 FNCL
249 of 383 positions (24.2% of the fund) are not held by IYF. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNCL | IYF |
|---|---|---|
| Financials | 99.6% | 99.4% |
| Industrials | 0.0% | 0.3% |
| Health Care | 0.0% | 0.0% |
| 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 |
|---|---|---|---|---|---|---|---|
| FNCL | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.54% |
| IYF | +2.4% | +7.0% | +15.4% | +21.7% | +12.0% | +13.6% | 1.40% |
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 IYF →
Shared Holdings(134)
The top 10 shared positions account for 52% of the overlap, led by JPM, BRK-B and BAC.
 JPMJPMorgan Chase & Co. COM | 10.10% | 10.78% | 10.10% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 7.72% | 10.90% | 7.72% |
 BACBank of America Corp. COM | 4.34% | 4.68% | 4.34% |
 GSGoldman Sachs Group, Inc. (The) | 3.28% | 4.17% | 3.28% |
 WFCWells Fargo & Co. COM | 3.06% | 3.95% | 3.06% |
 CCitigroup Inc. COM NEW | 2.71% | 3.59% | 2.71% |
 MSMorgan Stanley COM NEW | 2.68% | 3.50% | 2.68% |
 BLKBlackrock Inc. COM | 1.86% | 2.63% | 1.86% |
 SCHWThe Charles Schwab Corporation COM | 1.83% | 2.48% | 1.83% |
 SPGIS&P Global Inc COM | 1.58% | 2.11% | 1.58% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.45% | 1.93% | 1.45% |
 PGRThe Progressive Corporation COM | 1.40% | 1.91% | 1.40% |
 CMECME Group, Inc., Class A | 1.23% | 1.67% | 1.23% |
 BXBlackstone Inc., Class A | 1.10% | 1.51% | 1.10% |
 BNYThe Bank of New York Mellon Corp. COM | 1.09% | 1.50% | 1.09% |
 ICEIntercontinental Exchange Inc COM | 1.07% | 1.46% | 1.07% |
 USBU.S. Bancorp. COM NEW | 1.04% | 1.43% | 1.04% |
 PNCPNC Financial Services Group, Inc. (The) | 1.03% | 1.41% | 1.03% |
 MRSHMarsh & McLennan Companies, Inc. COM | 0.97% | 1.32% | 0.97% |
 MCOMoodys Corp. COM | 0.88% | 1.16% | 0.88% |
 TRVTravelers Companies, Inc. COM | 0.81% | 1.07% | 0.81% |
 TFCTruist Financial Corp. COM | 0.78% | 1.05% | 0.78% |
 KKRKKR & Co. Inc., Class A | 0.77% | 1.15% | 0.77% |
 AONAon plc, Class A | 0.75% | 1.06% | 0.75% |
 AFLAflac Incorporated COM | 0.68% | 0.87% | 0.68% |
Frequently Asked Questions
How much do FNCL and IYF overlap?
FNCL and IYF overlap by 75.5% of portfolio weight. They share 134 holdings (FNCL holds 383 positions and IYF holds 142), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNCL and IYF?
The two portfolios are 75.5% 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 FNCL and IYF?
The largest positions held by both funds are JPM, BRK-B, BAC, GS and WFC. Together the top 10 shared positions account for 52% of the total overlap.
What does FNCL own that IYF doesn't?
249 positions (24.2% of FNCL) are unique to FNCL, led by V, MA and AXP. In the other direction, 8 positions (1.7% of IYF) are unique to IYF.