QTEC vs SKYY: Holdings Overlap
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
How similar are QTEC and SKYY?
First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45 positions; First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62. They have 12 holdings in common, and by portfolio weight the two funds are 14.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12QTEC holds 45 · SKYY holds 62
- Weight in Shared Holdings
- QTEC 25%·SKYY 18%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
33 of 45 positions (74.6% of the fund) are not held by SKYY. Showing the top 30 by weight.
Only in SKYY
50 of 62 positions (82.3% of the fund) are not held by QTEC. Showing the top 30 by weight.
Sector Breakdown
| Sector | QTEC | SKYY |
|---|---|---|
| Information Technology | 86.5% | 82.6% |
| Communication Services | 6.5% | 8.7% |
| Consumer Discretionary | 4.7% | 3.7% |
| Industrials | 2.2% | 0.6% |
| Financials | 0.0% | 0.6% |
| Other Sectors | 0.0% | 0.6% |
| Unclassified | 0.0% | 3.1% |
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. “Unclassified” is weight we could not classify (0% of QTEC, 3% of SKYY).
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% |
| SKYY | +12.3% | +20.1% | +27.6% | +25.7% | +8.0% | +17.1% | — |
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 SKYY →
Shared Holdings(12)
The top 10 shared positions account for 92% of the overlap, led by MSFT, SHOP and ADBE.
 MSFTMicrosoft Corp. COM | 2.24% | 3.50% | 2.24% |
|---|---|---|---|
 SHOPShopify Inc CL A SUB VTG SHS | 2.35% | 1.82% | 1.82% |
 ADBEAdobe Inc COM | 2.27% | 1.72% | 1.72% |
 APPApplovin Corp. COM CL A | 2.08% | 1.70% | 1.70% |
 TEAMAtlassian Corporation CL A | 2.14% | 1.69% | 1.69% |
 GOOGLAlphabet Inc. CAP STK CL A | 1.11% | 3.42% | 1.11% |
 PANWPalo Alto Networks Inc COM | 2.28% | 0.67% | 0.67% |
 INTUIntuit Inc COM | 2.20% | 0.65% | 0.65% |
 DDOGDatadog Inc CL A COM | 2.19% | 0.65% | 0.65% |
 CRWDCrowdstrike Holdings Inc CL A | 2.21% | 0.65% | 0.65% |
 WDAYWorkday Inc CL A | 2.21% | 0.60% | 0.60% |
 ZSZscaler Inc COM | 2.14% | 0.59% | 0.59% |
Frequently Asked Questions
How much do QTEC and SKYY overlap?
QTEC and SKYY overlap by 14.1% of portfolio weight. They share 12 holdings (QTEC holds 45 positions and SKYY holds 62), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QTEC and SKYY?
The two portfolios are 14.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of QTEC and SKYY?
The largest positions held by both funds are MSFT, SHOP, ADBE, APP and TEAM. Together the top 10 shared positions account for 92% of the total overlap.
What does QTEC own that SKYY doesn't?
33 positions (74.6% of QTEC) are unique to QTEC, led by ARM, MRVL and PDD. In the other direction, 50 positions (82.3% of SKYY) are unique to SKYY.