FTEC vs SOXQ: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and SOXQ (Invesco PHLX Semiconductor ETF, tracking the PHLX Semiconductor) overlap by roughly 46% by weight. 7 of FTEC's top 10 holdings also appear in SOXQ. A 50/50 blend of the two behaves like about 22 equally-weighted bets (diversification grade C). 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 12 holdings appear in both FTEC and SOXQ. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in SOXQ |
|---|---|---|
| NVDA NVIDIA Corporation | 16.20% | 10.47% |
| MU Micron Technology, Inc. | 5.19% | 8.91% |
| AVGO Broadcom Inc. | 3.89% | 7.87% |
| AMD Advanced Micro Devices, Inc. | 3.44% | 3.95% |
| INTC Intel Corporation | 2.32% | 4.34% |
| AMAT Applied Materials, Inc. | 2.06% | 5.83% |
| LRCX Lam Research Corporation | 1.97% | 4.88% |
| KLAC KLA Corporation | 1.38% | 5.47% |
| TXN Texas Instruments Incorporated | 1.09% | 3.53% |
| MRVL Marvell Technology, Inc. | 0.99% | 5.12% |
| QCOM QUALCOMM Incorporated | 0.86% | 2.84% |
| ADI Analog Devices, Inc. | 0.81% | 3.58% |
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that SOXQ doesn’t have:
| AAPL Apple Inc. | 14.71% |
| MSFT Microsoft Corporation | 8.67% |
| CSCO Cisco Systems, Inc. | 1.85% |
| SNDK Sandisk Corporation | 1.29% |
| PANW Palo Alto Networks, Inc. | 1.06% |
| IBM International Business Machines Corporation | 1.05% |
| PLTR Palantir Technologies Inc. | 1.02% |
| ORCL Oracle Corporation | 1.02% |
Only in SOXQ
Invesco PHLX Semiconductor ETF — semiconductors. Its biggest holdings that FTEC doesn’t have:
| ASML ASML Holding N.V. | 4.41% |
| TSM Taiwan Semiconductor Manufacturing Company Limited | 4.11% |
| ALAB Astera Labs, Inc. | 2.81% |
| COHR Coherent Corp. | 2.75% |
| TER Teradyne, Inc. | 2.60% |
| NXPI NXP Semiconductors N.V. | 2.52% |
| MPWR Monolithic Power Systems, Inc. | 2.32% |
| ARM Arm Holdings plc | 1.74% |
So — partly overlapping. Should you hold both?
FTEC and SOXQ 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 ~22 effective positions (grade C).
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); SOXQ: Jun 29, 2026 (Invesco). 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 →FTEC vs SOXQ — FAQ
- How much do FTEC and SOXQ overlap?
- FTEC and SOXQ overlap by approximately 46% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 7 of FTEC's 10 largest holdings are also held by SOXQ. They share 12 of their listed top holdings in total.
- Is it redundant to hold both FTEC and SOXQ?
- 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 22 positions and a C diversification grade.
- What does SOXQ hold that FTEC doesn't?
- SOXQ's largest holdings that FTEC doesn't hold include ASML, TSM, ALAB, COHR, TER. Its category is semiconductors, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or SOXQ?
- FTEC's top 10 holdings are 80% of its listed weight; SOXQ's are 63%. The more concentrated fund leans harder on its largest names.