FTEC vs ITOT: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and ITOT (iShares Core S&P Total US Stock Market ETF, tracking the S&P Total Market) overlap by roughly 50% by weight. 10 of FTEC's top 10 holdings also appear in ITOT. A 50/50 blend of the two behaves like about 31 equally-weighted bets (diversification grade B). In short, the two funds share a meaningful core of the same megacaps, but each also brings real exposure the other lacks.
The same companies, in both funds
These 18 holdings appear in both FTEC and ITOT. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in ITOT |
|---|---|---|
| NVDA NVIDIA Corporation | 16.20% | 6.63% |
| AAPL Apple Inc. | 14.71% | 5.81% |
| MSFT Microsoft Corporation | 8.67% | 3.79% |
| AVGO Broadcom Inc. | 3.89% | 2.45% |
| MU Micron Technology, Inc. | 5.19% | 1.78% |
| AMD Advanced Micro Devices, Inc. | 3.44% | 1.30% |
| INTC Intel Corporation | 2.32% | 0.90% |
| AMAT Applied Materials, Inc. | 2.06% | 0.78% |
| LRCX Lam Research Corporation | 1.97% | 0.74% |
| CSCO Cisco Systems, Inc. | 1.85% | 0.63% |
| KLAC KLA Corporation | 1.38% | 0.54% |
| SNDK Sandisk Corporation | 1.29% | 0.46% |
| PANW Palo Alto Networks, Inc. | 1.06% | 0.38% |
| TXN Texas Instruments Incorporated | 1.09% | 0.37% |
| PLTR Palantir Technologies Inc. | 1.02% | 0.37% |
+ 3 more shared holdings.
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that ITOT doesn’t have:
| WDC Western Digital Corporation | 0.88% |
| QCOM QUALCOMM Incorporated | 0.86% |
| APH Amphenol Corporation | 0.86% |
| STX Seagate Technology Holdings plc | 0.85% |
| ADI Analog Devices, Inc. | 0.81% |
| GLW Corning Incorporated | 0.77% |
| CRWD CrowdStrike Holdings, Inc. | 0.75% |
Only in ITOT
iShares Core S&P Total US Stock Market ETF — total US market. Its biggest holdings that FTEC doesn’t have:
| AMZN AMAZON.COM INC | 3.19% |
| GOOGL ALPHABET INC CLASS A | 2.86% |
| GOOG ALPHABET INC CLASS C | 2.29% |
| META META PLATFORMS INC CLASS A | 1.69% |
| TSLA TESLA INC | 1.62% |
| LLY ELI LILLY | 1.30% |
| BRKB BERKSHIRE HATHAWAY INC CLASS B | 1.25% |
| JPM JPMORGAN CHASE & CO | 1.20% |
So — partly overlapping. Should you hold both?
FTEC and ITOT share a meaningful core of the same megacaps, but each also brings real exposure the other lacks. Held together they keep a shared megacap core but each still pulls in exposure the other lacks, so a 50/50 blend spreads to ~31 effective positions (grade B).
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); ITOT: Jun 30, 2026 (iShares (BlackRock)). Refreshed monthly. Overlap is measured across each fund’s largest holdings (top 50); the diffuse long tail barely moves the math.
See this for YOUR whole portfolio, free →FTEC vs ITOT — FAQ
- How much do FTEC and ITOT overlap?
- FTEC and ITOT overlap by approximately 50% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 10 of FTEC's 10 largest holdings are also held by ITOT. They share 18 of their listed top holdings in total.
- Is it redundant to hold both FTEC and ITOT?
- Because they share a meaningful core of the same megacaps, but each also brings real exposure the other lacks, holding both is partly redundant: you double up on a shared core (NVDA) while each fund still adds distinct exposure. A 50/50 blend has an effective 31 positions and a B diversification grade.
- What does ITOT hold that FTEC doesn't?
- ITOT's largest holdings that FTEC doesn't hold include AMZN, GOOGL, GOOG, META, TSLA. Its category is total US market, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or ITOT?
- FTEC's top 10 holdings are 80% of its listed weight; ITOT's are 58%. The more concentrated fund leans harder on its largest names.