QTEC vs XLK: Holdings Overlap
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
First Trust · 45 holdings · $4.8B · as of 2026-03-31
XLKState Street® Technology Select Sector SPDR® ETF
State Street (SPDR) · 73 holdings · $122.8B · as of 2026-08-06
Holdings snapshots are 128 days apart (QTEC: 2026-03-31, XLK: 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 XLK?
First Trust NASDAQ-100-Technology Sector Index Fund (QTEC, by First Trust) holds 45 positions; State Street® Technology Select Sector SPDR® ETF (XLK, by State Street (SPDR)) holds 73. They have 32 holdings in common, and by portfolio weight the two funds are 40.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 40.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 32QTEC holds 45 · XLK holds 73
- Weight in Shared Holdings
- QTEC 73%·XLK 79%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
13 of 45 positions (27.2% of the fund) are not held by XLK.
Only in XLK
41 of 73 positions (21.0% of the fund) are not held by QTEC. Showing the top 30 by weight.
Sector Breakdown
| Sector | QTEC | XLK |
|---|---|---|
| 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% |
| XLK | +4.9% | +30.9% | +43.5% | +30.7% | +20.3% | +24.4% | 0.42% |
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 XLK →
Shared Holdings(32)
The top 10 shared positions account for 55% of the overlap, led by AAPL, AMD and NVDA.
 AAPLApple Inc. COM | 2.37% | 12.41% | 2.37% |
|---|---|---|---|
 AMDAdvanced Micro Devices Inc. COM | 2.34% | 4.11% | 2.34% |
 NVDANVIDIA Corp. COM | 2.34% | 14.35% | 2.34% |
 INTCIntel Corporation COM | 2.33% | 3.11% | 2.33% |
 AVGOBroadcom Inc COM | 2.31% | 5.39% | 2.31% |
 PLTRPalantir Technologies, Inc., Class A | 2.25% | 2.36% | 2.25% |
 MSFTMicrosoft Corp. COM | 2.24% | 10.04% | 2.24% |
 AMATApplied Materials Inc. COM | 2.22% | 2.77% | 2.22% |
 LRCXLam Research Corporation COM NEW | 2.17% | 2.53% | 2.17% |
 PANWPalo Alto Networks Inc COM | 2.28% | 1.93% | 1.93% |
 MUMicron Technology Inc. COM | 1.85% | 3.70% | 1.85% |
 TXNTexas Instruments Inc. COM | 2.40% | 1.67% | 1.67% |
 KLACKLA Corp. COM NEW | 2.27% | 1.67% | 1.67% |
 CRWDCrowdstrike Holdings, Inc., Class A | 2.21% | 1.39% | 1.39% |
 STXSeagate Technology Holdings PLC ORD SHS | 2.21% | 1.26% | 1.26% |
 MRVLMarvell Technology Inc COM | 2.61% | 1.22% | 1.22% |
 ADIAnalog Devices Inc. COM | 2.38% | 1.22% | 1.22% |
 QCOMQUALCOMM Inc. COM | 2.30% | 1.12% | 1.12% |
 WDCWestern Digital Corp. COM | 2.14% | 1.03% | 1.03% |
 ADBEAdobe Inc COM | 2.27% | 0.69% | 0.69% |
 FTNTFortinet Inc COM | 2.32% | 0.66% | 0.66% |
 CDNSCadence Design Systems, Inc. COM | 2.27% | 0.62% | 0.62% |
 INTUIntuit Inc COM | 2.20% | 0.59% | 0.59% |
 SNPSSynopsys Inc COM | 2.18% | 0.51% | 0.51% |
 DDOGDatadog, Inc., Class A | 2.19% | 0.50% | 0.50% |
Frequently Asked Questions
How much do QTEC and XLK overlap?
QTEC and XLK overlap by 40.6% of portfolio weight. They share 32 holdings (QTEC holds 45 positions and XLK holds 73), based on each fund's latest SEC-reported holdings.
Is it redundant to own both QTEC and XLK?
The two portfolios are 40.6% 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 XLK?
The largest positions held by both funds are AAPL, AMD, NVDA, INTC and AVGO. Together the top 10 shared positions account for 55% of the total overlap.
What does QTEC own that XLK doesn't?
13 positions (27.2% of QTEC) are unique to QTEC, led by ARM, PDD and SHOP. In the other direction, 41 positions (21.0% of XLK) are unique to XLK.