QTEC vs SMH: Holdings Overlap
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
VanEck · 25 holdings · $71.5B · as of 2026-03-31
How similar are QTEC and SMH?
First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45 positions; VanEck Semiconductor ETF (SMH, by VanEck) holds 25. They have 19 holdings in common, and by portfolio weight the two funds are 38.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 38.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19QTEC holds 45 · SMH holds 25
- Weight in Shared Holdings
- QTEC 44%·SMH 85%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
26 of 45 positions (55.9% of the fund) are not held by SMH.
Sector Breakdown
| Sector | QTEC | SMH |
|---|---|---|
| Information Technology | 86.5% | 99.9% |
| Communication Services | 6.5% | 0.0% |
| Consumer Discretionary | 4.7% | 0.0% |
| Industrials | 2.2% | 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 |
|---|---|---|---|---|---|---|---|
| QTEC | +1.7% | +37.5% | +49.6% | +28.1% | +14.1% | +21.4% | 0.01% |
| 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 QTEC vs SMH →
Shared Holdings(19)
The top 10 shared positions account for 61% of the overlap, led by TXN, ADI and MRVL.
 TXNTexas Instruments Inc. COM | 2.40% | 4.61% | 2.40% |
|---|---|---|---|
 ADIAnalog Devices Inc. COM | 2.38% | 4.70% | 2.38% |
 MRVLMarvell Technology Inc COM | 2.61% | 2.35% | 2.35% |
 AMDAdvanced Micro Devices Inc. COM | 2.34% | 4.68% | 2.34% |
 NVDANVIDIA Corp. COM | 2.34% | 19.64% | 2.34% |
 INTCIntel Corporation COM | 2.33% | 4.34% | 2.33% |
 ASMLASML Holding N.V. N Y REGISTRY SHS | 2.32% | 4.99% | 2.32% |
 AVGOBroadcom Inc COM | 2.31% | 7.79% | 2.31% |
 QCOMQUALCOMM Inc. COM | 2.30% | 4.09% | 2.30% |
 KLACKLA Corp. COM NEW | 2.27% | 4.74% | 2.27% |
 CDNSCadence Design Systems, Inc. COM | 2.27% | 2.43% | 2.27% |
 AMATApplied Materials Inc. COM | 2.22% | 4.59% | 2.22% |
 SNPSSynopsys Inc COM | 2.18% | 2.50% | 2.18% |
 LRCXLam Research Corporation COM NEW | 2.17% | 4.60% | 2.17% |
 MUMicron Technology Inc. COM | 1.85% | 4.23% | 1.85% |
 NXPINXP Semiconductors NV COM | 2.38% | 1.24% | 1.24% |
 MPWRMonolithic Power Systems Inc. COM | 2.36% | 1.23% | 1.23% |
 MCHPMicrochip Technology Incorporated COM | 2.37% | 1.00% | 1.00% |
 ARMArm Holdings PLC SPONSORED ADS | 2.65% | 0.76% | 0.76% |
Frequently Asked Questions
How much do QTEC and SMH overlap?
QTEC and SMH overlap by 38.3% of portfolio weight. They share 19 holdings (QTEC holds 45 positions and SMH holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QTEC and SMH?
The two portfolios are 38.3% 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 SMH?
The largest positions held by both funds are TXN, ADI, MRVL, AMD and NVDA. Together the top 10 shared positions account for 61% of the total overlap.
What does QTEC own that SMH doesn't?
26 positions (55.9% of QTEC) are unique to QTEC, led by PDD, AAPL and SHOP. In the other direction, 6 positions (15.4% of SMH) are unique to SMH.