DIA vs FTEC: how much do they really overlap?
DIA (SPDR Dow Jones Industrial Average ETF, tracking the Dow Jones Industrial Average) and FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) overlap by roughly 14% by weight. 1 of DIA's top 10 holdings also appear in FTEC. A 50/50 blend of the two behaves like about 29 equally-weighted bets (diversification grade C). In short, the two funds have only a small shared core — they mostly hold different things and are largely complementary.
The same companies, in both funds
These 4 holdings appear in both DIA and FTEC. The weight columns show how much of each fund each name represents.
| Holding | in DIA | in FTEC |
|---|---|---|
| MSFT Microsoft Corporation | 4.20% | 8.67% |
| AAPL Apple Inc. | 3.21% | 14.71% |
| NVDA NVIDIA Corporation | 2.22% | 16.20% |
| IBM International Business Machines Corporation | 3.16% | 1.05% |
Only in DIA
SPDR Dow Jones Industrial Average ETF — US blue-chip (Dow 30). Its biggest holdings that FTEC doesn’t have:
| CAT Caterpillar Inc. | 11.76% |
| GS The Goldman Sachs Group, Inc. | 11.61% |
| UNH UnitedHealth Group Incorporated | 4.78% |
| AMGN Amgen Inc. | 4.10% |
| GOOGL Alphabet Inc. | 4.03% |
| HD The Home Depot, Inc. | 3.99% |
| SHW The Sherwin-Williams Company | 3.92% |
| V Visa Inc. | 3.89% |
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that DIA doesn’t have:
| MU Micron Technology, Inc. | 5.19% |
| AVGO Broadcom Inc. | 3.89% |
| AMD Advanced Micro Devices, Inc. | 3.44% |
| INTC Intel Corporation | 2.32% |
| AMAT Applied Materials, Inc. | 2.06% |
| LRCX Lam Research Corporation | 1.97% |
| CSCO Cisco Systems, Inc. | 1.85% |
| KLAC KLA Corporation | 1.38% |
So — mostly different. Should you hold both?
DIA and FTEC have only a small shared core — they mostly hold different things and are largely complementary. Held together they genuinely broaden your exposure — a 50/50 blend reaches ~29 effective positions (grade C), because they hold largely different securities.
Holdings as of — DIA: Jun 29, 2026 (State Street Global Advisors); FTEC: Jun 27, 2026 (Fidelity). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 25); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →DIA vs FTEC — FAQ
- How much do DIA and FTEC overlap?
- DIA and FTEC overlap by approximately 14% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 1 of DIA's 10 largest holdings are also held by FTEC. They share 4 of their listed top holdings in total.
- Is it redundant to hold both DIA and FTEC?
- Because they have only a small shared core — they mostly hold different things and are largely complementary, holding both is not redundant — each fund covers largely different holdings, so together they broaden your exposure. A 50/50 blend has an effective 29 positions and a C diversification grade.
- What does FTEC hold that DIA doesn't?
- FTEC's largest holdings that DIA doesn't hold include MU, AVGO, AMD, INTC, AMAT. Its category is US tech sector, versus DIA's US blue-chip (Dow 30).
- Which is more concentrated, DIA or FTEC?
- DIA's top 10 holdings are 59% of its listed weight; FTEC's are 80%. The more concentrated fund leans harder on its largest names.