FTEC vs VO: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and VO (Vanguard Mid-Cap ETF, tracking the CRSP US Mid Cap) overlap by roughly 9% by weight. 0 of FTEC's top 10 holdings also appear in VO. A 50/50 blend of the two behaves like about 59 equally-weighted bets (diversification grade B). 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 FTEC and VO. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in VO |
|---|---|---|
| MRVL Marvell Technology, Inc. | 0.99% | 0.89% |
| WDC Western Digital Corporation | 0.88% | 1.78% |
| STX Seagate Technology Holdings plc | 0.85% | 1.90% |
| GLW Corning Incorporated | 0.77% | 0.69% |
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that VO doesn’t have:
| NVDA NVIDIA Corporation | 16.20% |
| AAPL Apple Inc. | 14.71% |
| MSFT Microsoft Corporation | 8.67% |
| 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% |
Only in VO
Vanguard Mid-Cap ETF — US mid-cap. Its biggest holdings that FTEC doesn’t have:
| VRT Vertiv Holdings Co. Class A | 1.18% |
| PWR Quanta Services Inc. | 1.06% |
| HWM Howmet Aerospace Inc. | 1.03% |
| CMI Cummins Inc. | 0.89% |
| CEG Constellation Energy Corp. | 0.88% |
| SLB Schlumberger Ltd. | 0.81% |
| DDOG Datadog Inc. Class A | 0.80% |
| GM General Motors Co. | 0.75% |
So — mostly different. Should you hold both?
FTEC and VO 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 ~59 effective positions (grade B), because they hold largely different securities.
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VO: 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 VO — FAQ
- How much do FTEC and VO overlap?
- FTEC and VO overlap by approximately 9% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 0 of FTEC's 10 largest holdings are also held by VO. They share 4 of their listed top holdings in total.
- Is it redundant to hold both FTEC and VO?
- 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 59 positions and a B diversification grade.
- What does VO hold that FTEC doesn't?
- VO's largest holdings that FTEC doesn't hold include VRT, PWR, HWM, CMI, CEG. Its category is US mid-cap, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or VO?
- FTEC's top 10 holdings are 80% of its listed weight; VO's are 31%. The more concentrated fund leans harder on its largest names.