IYF vs FNCL: Holdings Overlap
IYFiShares U.S. Financials ETF
iShares · 142 holdings · $4.5B · as of 2026-04-30
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
How similar are IYF and FNCL?
iShares U.S. Financials ETF (IYF, by iShares) holds 142 positions; Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383. 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
- 134IYF holds 142 · FNCL holds 383
- Weight in Shared Holdings
- IYF 98%·FNCL 76%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 IYF
8 of 142 positions (1.7% of the fund) are not held by FNCL.
Sector Breakdown
| Sector | IYF | FNCL |
|---|---|---|
| Financials | 99.4% | 99.6% |
| Industrials | 0.3% | 0.0% |
| 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 |
|---|---|---|---|---|---|---|---|
| IYF | +2.4% | +7.0% | +15.4% | +21.7% | +12.0% | +13.6% | 1.40% |
| FNCL | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.54% |
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 IYF vs FNCL →
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 | 10.78% | 10.10% | 10.10% |
|---|---|---|---|
 BRK-BBerkshire Hathaway, Inc., Class B | 10.90% | 7.72% | 7.72% |
 BACBank of America Corp. COM | 4.68% | 4.34% | 4.34% |
 GSGoldman Sachs Group, Inc. (The) | 4.17% | 3.28% | 3.28% |
 WFCWells Fargo & Co. COM | 3.95% | 3.06% | 3.06% |
 CCitigroup Inc. COM NEW | 3.59% | 2.71% | 2.71% |
 MSMorgan Stanley COM NEW | 3.50% | 2.68% | 2.68% |
 BLKBlackrock Inc. COM | 2.63% | 1.86% | 1.86% |
 SCHWThe Charles Schwab Corporation COM | 2.48% | 1.83% | 1.83% |
 SPGIS&P Global Inc COM | 2.11% | 1.58% | 1.58% |
 AEXChubb Ltd. Switzerland ORD CHF24.15 | 1.93% | 1.45% | 1.45% |
 PGRThe Progressive Corporation COM | 1.91% | 1.40% | 1.40% |
 CMECME Group, Inc., Class A | 1.67% | 1.23% | 1.23% |
 BXBlackstone Inc., Class A | 1.51% | 1.10% | 1.10% |
 BNYThe Bank of New York Mellon Corp. COM | 1.50% | 1.09% | 1.09% |
 ICEIntercontinental Exchange Inc COM | 1.46% | 1.07% | 1.07% |
 USBU.S. Bancorp. COM NEW | 1.43% | 1.04% | 1.04% |
 PNCPNC Financial Services Group, Inc. (The) | 1.41% | 1.03% | 1.03% |
 MRSHMarsh & McLennan Companies, Inc. COM | 1.32% | 0.97% | 0.97% |
 MCOMoodys Corp. COM | 1.16% | 0.88% | 0.88% |
 TRVTravelers Companies, Inc. COM | 1.07% | 0.81% | 0.81% |
 TFCTruist Financial Corp. COM | 1.05% | 0.78% | 0.78% |
 KKRKKR & Co. Inc., Class A | 1.15% | 0.77% | 0.77% |
 AONAon plc, Class A | 1.06% | 0.75% | 0.75% |
 AFLAflac Incorporated COM | 0.87% | 0.68% | 0.68% |
Frequently Asked Questions
How much do IYF and FNCL overlap?
IYF and FNCL overlap by 75.5% of portfolio weight. They share 134 holdings (IYF holds 142 positions and FNCL holds 383), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IYF and FNCL?
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 IYF and FNCL?
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 IYF own that FNCL doesn't?
8 positions (1.7% of IYF) are unique to IYF, led by NU, BAM and BR. In the other direction, 249 positions (24.2% of FNCL) are unique to FNCL.