FTEC vs SMH: Holdings Overlap
FTECFidelity MSCI Information Technology Index ETF
Fidelity · 282 holdings · $19.9B · as of 2026-04-30
VanEck · 25 holdings · $71.5B · as of 2026-03-31
Holdings snapshots are 30 days apart (FTEC: 2026-04-30, SMH: 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 FTEC and SMH?
Fidelity MSCI Information Technology Index ETF (FTEC, by Fidelity) holds 282 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 21 holdings in common, and by portfolio weight the two funds are 41.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 41.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21FTEC holds 282 · SMH holds 25
- Weight in Shared Holdings
- FTEC 41%·SMH 81%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 FTEC
261 of 282 positions (58.9% of the fund) are not held by SMH. Showing the top 30 by weight.
Sector Breakdown
| Sector | FTEC | SMH |
|---|---|---|
| Information Technology | 99.2% | 99.9% |
| Communication Services | 0.5% | 0.0% |
| Consumer Discretionary | 0.1% | 0.0% |
| Industrials | 0.1% | 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 |
|---|---|---|---|---|---|---|---|
| FTEC | +6.4% | +29.3% | +41.1% | +31.8% | +19.5% | +24.4% | 0.35% |
| SMH | +0.2% | +61.8% | +100.8% | +55.9% | +34.9% | +34.9% | 0.19% |
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 FTEC vs SMH →
Shared Holdings(21)
The top 10 shared positions account for 89% of the overlap, led by NVDA, AVGO and MU.
 NVDANVIDIA Corp | 17.97% | 19.64% | 17.97% |
|---|---|---|---|
 AVGOBroadcom Inc | 5.01% | 7.79% | 5.01% |
 MUMicron Technology Inc | 2.63% | 4.23% | 2.63% |
 AMDAdvanced Micro Devices Inc | 2.59% | 4.68% | 2.59% |
 INTCIntel Corp | 1.99% | 4.34% | 1.99% |
 LRCXLam Research Corp | 1.49% | 4.60% | 1.49% |
 AMATApplied Materials Inc | 1.44% | 4.59% | 1.44% |
 TXNTexas Instruments Inc | 1.20% | 4.61% | 1.20% |
 KLACKLA Corp | 1.09% | 4.74% | 1.09% |
 ADIAnalog Devices Inc | 0.94% | 4.70% | 0.94% |
 QCOMQUALCOMM Inc | 0.92% | 4.09% | 0.92% |
 MRVLMarvell Technology Inc | 0.75% | 2.35% | 0.75% |
 SNPSSynopsys Inc | 0.45% | 2.50% | 0.45% |
 CDNSCadence Design Systems Inc | 0.45% | 2.43% | 0.45% |
 MPWRMonolithic Power Systems Inc | 0.44% | 1.23% | 0.44% |
 NXPINXP Semiconductors NV | 0.40% | 1.24% | 0.40% |
 TERTeradyne Inc | 0.32% | 1.41% | 0.32% |
 MCHPMicrochip Technology Inc | 0.30% | 1.00% | 0.30% |
 ONON Semiconductor Corp | 0.28% | 0.60% | 0.28% |
 ALABAstera Labs Inc | 0.21% | 0.44% | 0.21% |
 SWKSSkyworks Solutions Inc | 0.11% | 0.21% | 0.11% |
Frequently Asked Questions
How much do FTEC and SMH overlap?
FTEC and SMH overlap by 41.0% of portfolio weight. They share 21 holdings (FTEC holds 282 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTEC and SMH?
The two portfolios are 41.0% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FTEC and SMH?
The largest positions held by both funds are NVDA, AVGO, MU, AMD and INTC. Together the top 10 shared positions account for 89% of the total overlap.
What does FTEC own that SMH doesn't?
261 positions (58.9% of FTEC) are unique to FTEC, led by AAPL, MSFT and CSCO. In the other direction, 4 positions (18.5% of SMH) are unique to SMH.