FTEC vs VGT: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and VGT (Vanguard Information Technology ETF, tracking the MSCI US IMI Info Tech 25/50) overlap by roughly 94% by weight. 10 of FTEC's top 10 holdings also appear in VGT. A 50/50 blend of the two behaves like about 15 equally-weighted bets (diversification grade C). In short, the two funds hold nearly the same stocks in nearly the same proportions — owning both is largely redundant.
The same companies, in both funds
These 25 holdings appear in both FTEC and VGT. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in VGT |
|---|---|---|
| NVDA NVIDIA Corporation | 16.20% | 16.78% |
| AAPL Apple Inc. | 14.71% | 15.26% |
| MSFT Microsoft Corporation | 8.67% | 9.87% |
| MU Micron Technology, Inc. | 5.19% | 4.19% |
| AVGO Broadcom Inc. | 3.89% | 4.49% |
| AMD Advanced Micro Devices, Inc. | 3.44% | 3.20% |
| INTC Intel Corporation | 2.32% | 1.95% |
| CSCO Cisco Systems, Inc. | 1.85% | 1.85% |
| LRCX Lam Research Corporation | 1.97% | 1.55% |
| AMAT Applied Materials, Inc. | 2.06% | 1.39% |
| TXN Texas Instruments Incorporated | 1.09% | 1.10% |
| IBM International Business Machines Corporation | 1.05% | 1.08% |
| PLTR Palantir Technologies Inc. | 1.02% | 1.34% |
| ORCL Oracle Corporation | 1.02% | 1.45% |
| KLAC KLA Corporation | 1.38% | 1.00% |
+ 10 more shared holdings.
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that VGT doesn’t have:
| Every listed FTEC holding is also in VGT. |
Only in VGT
Vanguard Information Technology ETF — US tech sector. Its biggest holdings that FTEC doesn’t have:
| ANET Arista Networks Inc. | 0.69% |
| CRM salesforce.com Inc. | 0.60% |
| APP AppLovin Corp. Class A | 0.58% |
| DELL Dell Technologies Inc. | 0.56% |
| NOW ServiceNow Inc. | 0.51% |
| ACN Accenture plc Class A | 0.47% |
| ADBE Adobe Inc. | 0.44% |
| CDNS Cadence Design Systems Inc. | 0.44% |
So — nearly identical. Should you hold both?
FTEC and VGT hold nearly the same stocks in nearly the same proportions — owning both is largely redundant. If you already hold FTEC, adding VGT mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~15 equal positions, with the top 10 alone at 60% and the Magnificent Seven at 41%.
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VGT: May 31, 2026 (Vanguard). 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 VGT — FAQ
- How much do FTEC and VGT overlap?
- FTEC and VGT overlap by approximately 94% 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 VGT. They share 25 of their listed top holdings in total.
- Is it redundant to hold both FTEC and VGT?
- Because they hold nearly the same stocks in nearly the same proportions — owning both is largely redundant, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 15 positions and a C diversification grade.
- What does VGT hold that FTEC doesn't?
- VGT's largest holdings that FTEC doesn't hold include ANET, CRM, APP, DELL, NOW. Its category is US tech sector, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or VGT?
- FTEC's top 10 holdings are 80% of its listed weight; VGT's are 72%. The more concentrated fund leans harder on its largest names.