QTEC vs IYW: Holdings Overlap
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
IYWiShares U.S. Technology ETF
iShares · 139 holdings · $25.2B · as of 2026-04-30
Holdings snapshots are 30 days apart (QTEC: 2026-03-31, IYW: 2026-04-30). 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 QTEC and IYW?
First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45 positions; iShares U.S. Technology ETF (IYW, by iShares) holds 139. They have 38 holdings in common, and by portfolio weight the two funds are 40.8% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 40.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 38QTEC holds 45 · IYW holds 139
- Weight in Shared Holdings
- QTEC 83%·IYW 84%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 QTEC
7 of 45 positions (16.6% of the fund) are not held by IYW.
Only in IYW
101 of 139 positions (15.7% of the fund) are not held by QTEC. Showing the top 30 by weight.
Sector Breakdown
| Sector | QTEC | IYW |
|---|---|---|
| Information Technology | 86.5% | 80.4% |
| Communication Services | 6.5% | 17.9% |
| Consumer Discretionary | 4.7% | 0.4% |
| Industrials | 2.2% | 1.0% |
| Financials | 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 |
|---|---|---|---|---|---|---|---|
| QTEC | +1.7% | +37.5% | +49.6% | +28.1% | +14.1% | +21.4% | 0.01% |
| IYW | +4.4% | +27.3% | +39.7% | +32.8% | +19.8% | +24.9% | 0.10% |
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 QTEC vs IYW →
Shared Holdings(38)
The top 10 shared positions account for 54% of the overlap, led by AAPL, AMD and NVDA.
 AAPLApple Inc. COM | 2.37% | 13.63% | 2.37% |
|---|---|---|---|
 AMDAdvanced Micro Devices Inc. COM | 2.34% | 3.50% | 2.34% |
 NVDANVIDIA Corp. COM | 2.34% | 16.23% | 2.34% |
 INTCIntel Corporation COM | 2.33% | 2.56% | 2.33% |
 AVGOBroadcom Inc COM | 2.31% | 3.78% | 2.31% |
 MSFTMicrosoft Corp. COM | 2.24% | 3.99% | 2.24% |
 METAMeta Platforms, Inc., Class A | 2.23% | 2.80% | 2.23% |
 LRCXLam Research Corporation COM NEW | 2.17% | 1.98% | 1.98% |
 AMATApplied Materials Inc. COM | 2.22% | 1.92% | 1.92% |
 PLTRPalantir Technologies, Inc., Class A | 2.25% | 1.86% | 1.86% |
 MUMicron Technology Inc. COM | 1.85% | 2.98% | 1.85% |
 TXNTexas Instruments Inc. COM | 2.40% | 1.57% | 1.57% |
 KLACKLA Corp. COM NEW | 2.27% | 1.41% | 1.41% |
 ADIAnalog Devices Inc. COM | 2.38% | 1.21% | 1.21% |
 QCOMQUALCOMM Inc. COM | 2.30% | 1.18% | 1.18% |
 GOOGAlphabet Inc. CAP STK CL C | 1.11% | 6.33% | 1.11% |
 GOOGLAlphabet Inc. CAP STK CL A | 1.11% | 7.84% | 1.11% |
 WDCWestern Digital Corp. COM | 2.14% | 0.91% | 0.91% |
 PANWPalo Alto Networks Inc COM | 2.28% | 0.88% | 0.88% |
 MRVLMarvell Technology Inc COM | 2.61% | 0.86% | 0.86% |
 CRWDCrowdstrike Holdings, Inc., Class A | 2.21% | 0.68% | 0.68% |
 APPApplovin Corp. COM CL A | 2.08% | 0.65% | 0.65% |
 INTUIntuit Inc COM | 2.20% | 0.65% | 0.65% |
 ADBEAdobe Inc COM | 2.27% | 0.62% | 0.62% |
 SNPSSynopsys Inc COM | 2.18% | 0.56% | 0.56% |
Frequently Asked Questions
How much do QTEC and IYW overlap?
QTEC and IYW overlap by 40.8% of portfolio weight. They share 38 holdings (QTEC holds 45 positions and IYW holds 139), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QTEC and IYW?
The two portfolios are 40.8% 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 QTEC and IYW?
The largest positions held by both funds are AAPL, AMD, NVDA, INTC and AVGO. Together the top 10 shared positions account for 54% of the total overlap.
What does QTEC own that IYW doesn't?
7 positions (16.6% of QTEC) are unique to QTEC, led by ARM, PDD and NXPI. In the other direction, 101 positions (15.7% of IYW) are unique to IYW.