FNCL vs VFH: Holdings Overlap
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
VFHVanguard Financials Index Fund
Vanguard · 411 holdings · $13.9B · as of 2026-05-31
Holdings snapshots are 31 days apart (FNCL: 2026-04-30, VFH: 2026-05-31). 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 VFH?
Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383 positions; Vanguard Financials Index Fund (VFH, by Vanguard) holds 411. They have 369 holdings in common, and by portfolio weight the two funds are 94.3% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 94.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 369FNCL holds 383 · VFH holds 411
- Weight in Shared Holdings
- FNCL 100%·VFH 96%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
14 of 383 positions (0.1% of the fund) are not held by VFH.
Only in VFH
42 of 411 positions (0.2% of the fund) are not held by FNCL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNCL | VFH |
|---|---|---|
| Financials | 99.6% | 96.3% |
| Health Care | 0.0% | 0.1% |
| 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% |
| VFH | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.65% |
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 VFH →
Shared Holdings(369)
The top 10 shared positions account for 47% of the overlap, led by JPM, BRK-B and MA.
 JPMJPMorgan Chase & Co. COM | 10.10% | 9.15% | 9.15% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 7.72% | 7.85% | 7.72% |
 MAMasterCard Incorporated CL A | 5.04% | 5.03% | 5.03% |
 BACBank of America Corp. COM | 4.34% | 4.25% | 4.25% |
 VVisa, Inc., Class A | 6.59% | 4.17% | 4.17% |
 GSGoldman Sachs Group, Inc. (The) | 3.28% | 3.51% | 3.28% |
 WFCWells Fargo & Co. COM | 3.06% | 2.93% | 2.93% |
 MSMorgan Stanley COM NEW | 2.68% | 2.97% | 2.68% |
 CCitigroup Inc. COM NEW | 2.71% | 2.56% | 2.56% |
 AXPAmerican Express Company COM | 2.11% | 2.10% | 2.10% |
 BLKBlackrock Inc. COM | 1.86% | 1.86% | 1.86% |
 SCHWThe Charles Schwab Corporation COM | 1.83% | 1.77% | 1.77% |
 SPGIS&P Global Inc COM | 1.58% | 1.58% | 1.58% |
 COFCapital One Financial Corp. COM | 1.44% | 1.44% | 1.44% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.45% | 1.40% | 1.40% |
 PGRThe Progressive Corporation COM | 1.40% | 1.34% | 1.34% |
 CMECME Group, Inc., Class A | 1.23% | 1.19% | 1.19% |
 BNYThe Bank of New York Mellon Corp. COM | 1.09% | 1.15% | 1.09% |
 BXBlackstone Inc., Class A | 1.10% | 1.04% | 1.04% |
 PNCPNC Financial Services Group, Inc. (The) | 1.03% | 1.04% | 1.03% |
 USBU.S. Bancorp. COM NEW | 1.04% | 1.03% | 1.03% |
 ICEIntercontinental Exchange Inc COM | 1.07% | 1.01% | 1.01% |
 MRSHMarsh & McLennan Companies, Inc. COM | 0.97% | 0.94% | 0.94% |
 MCOMoodys Corp. COM | 0.88% | 0.88% | 0.88% |
 TRVTravelers Companies, Inc. COM | 0.81% | 0.78% | 0.78% |
Showing the top 250 of 369 shared holdings by overlap weight.
Frequently Asked Questions
How much do FNCL and VFH overlap?
FNCL and VFH overlap by 94.3% of portfolio weight. They share 369 holdings (FNCL holds 383 positions and VFH holds 411), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNCL and VFH?
The two portfolios are 94.3% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of FNCL and VFH?
The largest positions held by both funds are JPM, BRK-B, MA, BAC and V. Together the top 10 shared positions account for 47% of the total overlap.
What does FNCL own that VFH doesn't?
14 positions (0.1% of FNCL) are unique to FNCL, led by FRHC, ACT and Miami International Holdings Inc. In the other direction, 42 positions (0.2% of VFH) are unique to VFH.