FNCL vs KIE: Holdings Overlap
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
KIEState Street® SPDR® S&P® Insurance ETF
State Street (SPDR) · 53 holdings · $660M · as of 2026-08-06
Holdings snapshots are 98 days apart (FNCL: 2026-04-30, KIE: 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 FNCL and KIE?
Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383 positions; State Street® SPDR® S&P® Insurance ETF (KIE, by State Street (SPDR)) holds 53. They have 53 holdings in common, and by portfolio weight the two funds are 14.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 53FNCL holds 383 · KIE holds 53
- Weight in Shared Holdings
- FNCL 14%·KIE 100%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
330 of 383 positions (85.7% of the fund) are not held by KIE. Showing the top 30 by weight.
Only in KIE
Every position in KIE is also held by FNCL, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | FNCL | KIE |
|---|---|---|
| Financials | 99.6% | 98.3% |
| Health Care | 0.0% | 1.6% |
| 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% |
| KIE | +0.2% | +8.3% | +16.0% | +16.1% | +12.6% | +12.3% | 1.51% |
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 KIE →
Shared Holdings(53)
The top 10 shared positions account for 60% of the overlap, led by AEX, PGR and MRSH.
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.45% | 1.79% | 1.45% |
|---|---|---|---|
 PGRThe Progressive Corporation COM | 1.40% | 1.77% | 1.40% |
 MRSHMarsh & McLennan Companies, Inc. COM | 0.97% | 1.94% | 0.97% |
 TRVTravelers Companies, Inc. COM | 0.81% | 2.13% | 0.81% |
 AONAon plc, Class A | 0.75% | 1.80% | 0.75% |
 AFLAflac Incorporated COM | 0.68% | 1.81% | 0.68% |
 ALLThe Allstate Corporation COM | 0.67% | 2.07% | 0.67% |
 AJGArthur J. Gallagher & Co. | 0.63% | 1.92% | 0.63% |
 METMetLife Inc. COM | 0.53% | 1.95% | 0.53% |
 AIGAmerican International Group Inc. COM NEW | 0.48% | 1.79% | 0.48% |
 HIGThe Hartford Insurance Group Inc. COM | 0.46% | 1.87% | 0.46% |
 ACGLArch Capital Group Ltd. COM USD0.01 | 0.41% | 1.82% | 0.41% |
 PRUPrudential Financial, Inc. COM | 0.40% | 1.94% | 0.40% |
 CINFCincinnati Financial Corporation COM | 0.30% | 1.81% | 0.30% |
 WTWWillis Towers Watson Public Limited Company COM USD0.000304635 | 0.29% | 2.16% | 0.29% |
 MKLMarkel Group Inc COM | 0.26% | 1.72% | 0.26% |
 PFGPrincipal Financial Group Inc. COM | 0.26% | 1.77% | 0.26% |
 LLoews Corporation COM | 0.24% | 1.80% | 0.24% |
 BROBrown & Brown Inc COM | 0.21% | 1.98% | 0.21% |
 WRBW.R. Berkley Corporation COM | 0.19% | 1.77% | 0.19% |
 EGEverest Group Ltd COM USD0.01 | 0.18% | 1.85% | 0.18% |
 RNRRenaissancere Holdings Ltd. COM USD1 | 0.17% | 1.84% | 0.17% |
 RGAReinsurance Group of America, Incorporated COM NEW | 0.17% | 1.93% | 0.17% |
 FNFFidelity National Financial Inc. - FNF Group | 0.16% | 1.85% | 0.16% |
 UNMUnum Group COM | 0.15% | 1.66% | 0.15% |
Frequently Asked Questions
How much do FNCL and KIE overlap?
FNCL and KIE overlap by 14.0% of portfolio weight. They share 53 holdings (FNCL holds 383 positions and KIE holds 53), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNCL and KIE?
The two portfolios are 14.0% 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 FNCL and KIE?
The largest positions held by both funds are AEX, PGR, MRSH, TRV and AON. Together the top 10 shared positions account for 60% of the total overlap.
What does FNCL own that KIE doesn't?
330 positions (85.7% of FNCL) are unique to FNCL, led by JPM, BRK-B and V. In the other direction, 0 positions (0.0% of KIE) are unique to KIE.