QTEC vs SPY: Holdings Overlap
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 128 days apart (QTEC: 2026-03-31, SPY: 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 QTEC and SPY?
First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 37 holdings in common, and by portfolio weight the two funds are 23.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 37QTEC holds 45 · SPY holds 504
- Weight in Shared Holdings
- QTEC 82%·SPY 41%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
8 of 45 positions (18.4% of the fund) are not held by SPY.
Sector Breakdown
| Sector | QTEC | SPY |
|---|---|---|
| Information Technology | 86.5% | 37.6% |
| Financials | 0.0% | 12.3% |
| Communication Services | 6.5% | 9.7% |
| Consumer Discretionary | 4.7% | 9.3% |
| Health Care | 0.0% | 8.9% |
| Other Sectors | 2.2% | 22.1% |
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.
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(37)
The top 10 shared positions account for 73% of the overlap, led by AAPL, NVDA and AVGO.
 AAPLApple Inc. COM | 2.37% | 6.92% | 2.37% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 2.34% | 8.00% | 2.34% |
 AVGOBroadcom Inc COM | 2.31% | 3.00% | 2.31% |
 MSFTMicrosoft Corp. COM | 2.24% | 5.60% | 2.24% |
 METAMeta Platforms, Inc., Class A | 2.23% | 1.95% | 1.95% |
 MUMicron Technology Inc. COM | 1.85% | 1.50% | 1.50% |
 AMDAdvanced Micro Devices Inc. COM | 2.34% | 1.20% | 1.20% |
 GOOGAlphabet Inc. CAP STK CL C | 1.11% | 2.54% | 1.11% |
 GOOGLAlphabet Inc. CAP STK CL A | 1.11% | 3.16% | 1.11% |
 INTCIntel Corporation COM | 2.33% | 0.71% | 0.71% |
 AMATApplied Materials Inc. COM | 2.22% | 0.63% | 0.63% |
 LRCXLam Research Corporation COM NEW | 2.17% | 0.58% | 0.58% |
 PLTRPalantir Technologies, Inc., Class A | 2.25% | 0.54% | 0.54% |
 PANWPalo Alto Networks Inc COM | 2.28% | 0.44% | 0.44% |
 TXNTexas Instruments Inc. COM | 2.40% | 0.38% | 0.38% |
 KLACKLA Corp. COM NEW | 2.27% | 0.38% | 0.38% |
 CRWDCrowdstrike Holdings, Inc., Class A | 2.21% | 0.32% | 0.32% |
 STXSeagate Technology Holdings PLC ORD SHS | 2.21% | 0.29% | 0.29% |
 MRVLMarvell Technology Inc COM | 2.61% | 0.28% | 0.28% |
 ADIAnalog Devices Inc. COM | 2.38% | 0.28% | 0.28% |
 QCOMQUALCOMM Inc. COM | 2.30% | 0.25% | 0.25% |
 WDCWestern Digital Corp. COM | 2.14% | 0.23% | 0.23% |
 ADBEAdobe Inc COM | 2.27% | 0.16% | 0.16% |
 FTNTFortinet Inc COM | 2.32% | 0.15% | 0.15% |
 CDNSCadence Design Systems, Inc. COM | 2.27% | 0.14% | 0.14% |
Frequently Asked Questions
How much do QTEC and SPY overlap?
QTEC and SPY overlap by 23.0% of portfolio weight. They share 37 holdings (QTEC holds 45 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QTEC and SPY?
The two portfolios are 23.0% 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 SPY?
The largest positions held by both funds are AAPL, NVDA, AVGO, MSFT and META. Together the top 10 shared positions account for 73% of the total overlap.
What does QTEC own that SPY doesn't?
8 positions (18.4% of QTEC) are unique to QTEC, led by ARM, PDD and SHOP. In the other direction, 467 positions (59.2% of SPY) are unique to SPY.