FTEC vs XLK: Holdings Overlap
FTECFidelity MSCI Information Technology Index ETF
Fidelity · 282 holdings · $19.9B · as of 2026-04-30
XLKState Street® Technology Select Sector SPDR® ETF
State Street (SPDR) · 73 holdings · $122.8B · as of 2026-08-06
Holdings snapshots are 98 days apart (FTEC: 2026-04-30, XLK: 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 FTEC and XLK?
Fidelity MSCI Information Technology Index ETF (FTEC, by Fidelity) holds 282 positions; State Street® Technology Select Sector SPDR® ETF (XLK, by State Street (SPDR)) holds 73. They have 73 holdings in common, and by portfolio weight the two funds are 79.6% identical. In practical terms the pair is heavily overlapping, with largely the same stocks driving both funds.
- Overlap by Weight
- 79.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 73FTEC holds 282 · XLK holds 73
- Weight in Shared Holdings
- FTEC 86%·XLK 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 FTEC
209 of 282 positions (14.3% of the fund) are not held by XLK. Showing the top 30 by weight.
Only in XLK
Every position in XLK is also held by FTEC, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | FTEC | XLK |
|---|---|---|
| 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% |
| XLK | +4.9% | +30.9% | +43.5% | +30.7% | +20.3% | +24.4% | 0.42% |
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 XLK →
Shared Holdings(73)
The top 10 shared positions account for 67% of the overlap, led by NVDA, AAPL and MSFT.
 NVDANVIDIA Corp. COM | 17.97% | 14.35% | 14.35% |
|---|---|---|---|
 AAPLApple Inc. COM | 14.36% | 12.41% | 12.41% |
 MSFTMicrosoft Corp. COM | 9.53% | 10.04% | 9.53% |
 AVGOBroadcom Inc COM | 5.01% | 5.39% | 5.01% |
 MUMicron Technology Inc. COM | 2.63% | 3.70% | 2.63% |
 AMDAdvanced Micro Devices Inc. COM | 2.59% | 4.11% | 2.59% |
 INTCIntel Corporation COM | 1.99% | 3.11% | 1.99% |
 CSCOCisco Systems, Inc. COM | 1.66% | 3.15% | 1.66% |
 LRCXLam Research Corporation COM NEW | 1.49% | 2.53% | 1.49% |
 AMATApplied Materials Inc. COM | 1.44% | 2.77% | 1.44% |
 PLTRPalantir Technologies, Inc., Class A | 1.40% | 2.36% | 1.40% |
 ORCLOracle Corp. COM | 1.22% | 1.61% | 1.22% |
 TXNTexas Instruments Inc. COM | 1.20% | 1.67% | 1.20% |
 KLACKLA Corp. COM NEW | 1.09% | 1.67% | 1.09% |
 IBMInternational Business Machines Corp. COM | 0.99% | 1.45% | 0.99% |
 ADIAnalog Devices Inc. COM | 0.94% | 1.22% | 0.94% |
 QCOMQUALCOMM Inc. COM | 0.92% | 1.12% | 0.92% |
 ANETArista Networks Inc COM SHS | 0.89% | 1.31% | 0.89% |
 APHAmphenol Corporation CL A | 0.86% | 1.39% | 0.86% |
 SNDKSandisk Corporation COM | 0.80% | 1.23% | 0.80% |
 CRMSalesforce Inc. COM | 0.77% | 1.01% | 0.77% |
 WDCWestern Digital Corp. COM | 0.76% | 1.03% | 0.76% |
 STXSeagate Technology Holdings PLC ORD SHS | 0.76% | 1.26% | 0.76% |
 MRVLMarvell Technology Inc COM | 0.75% | 1.22% | 0.75% |
 PANWPalo Alto Networks Inc COM | 0.69% | 1.93% | 0.69% |
Frequently Asked Questions
How much do FTEC and XLK overlap?
FTEC and XLK overlap by 79.6% of portfolio weight. They share 73 holdings (FTEC holds 282 positions and XLK holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FTEC and XLK?
The two portfolios are 79.6% 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 FTEC and XLK?
The largest positions held by both funds are NVDA, AAPL, MSFT, AVGO and MU. Together the top 10 shared positions account for 67% of the total overlap.
What does FTEC own that XLK doesn't?
209 positions (14.3% of FTEC) are unique to FTEC, led by APP, NET and SNOW. In the other direction, 0 positions (0.0% of XLK) are unique to XLK.