FTEC vs VOOG: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and VOOG (Vanguard S&P 500 Growth ETF, tracking the S&P 500 Growth) overlap by roughly 62% by weight. 9 of FTEC's top 10 holdings also appear in VOOG. A 50/50 blend of the two behaves like about 19 equally-weighted bets (diversification grade C). In short, the two funds share most of their weight in the same names; the second fund adds only modest differentiation.
The same companies, in both funds
These 18 holdings appear in both FTEC and VOOG. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in VOOG |
|---|---|---|
| NVDA NVIDIA Corporation | 16.20% | 14.26% |
| MSFT Microsoft Corporation | 8.67% | 9.29% |
| AAPL Apple Inc. | 14.71% | 6.37% |
| AVGO Broadcom Inc. | 3.89% | 5.89% |
| MU Micron Technology, Inc. | 5.19% | 3.04% |
| AMD Advanced Micro Devices, Inc. | 3.44% | 2.34% |
| LRCX Lam Research Corporation | 1.97% | 1.10% |
| AMAT Applied Materials, Inc. | 2.06% | 0.99% |
| PLTR Palantir Technologies Inc. | 1.02% | 0.99% |
| CSCO Cisco Systems, Inc. | 1.85% | 0.70% |
| KLAC KLA Corporation | 1.38% | 0.70% |
| SNDK Sandisk Corporation | 1.29% | 0.70% |
| ORCL Oracle Corporation | 1.02% | 0.55% |
| APH Amphenol Corporation | 0.86% | 0.51% |
| CRWD CrowdStrike Holdings, Inc. | 0.75% | 0.51% |
+ 3 more shared holdings.
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that VOOG doesn’t have:
| INTC Intel Corporation | 2.32% |
| TXN Texas Instruments Incorporated | 1.09% |
| MRVL Marvell Technology, Inc. | 0.99% |
| WDC Western Digital Corporation | 0.88% |
| QCOM QUALCOMM Incorporated | 0.86% |
| ADI Analog Devices, Inc. | 0.81% |
| GLW Corning Incorporated | 0.77% |
Only in VOOG
Vanguard S&P 500 Growth ETF — US large-cap growth. Its biggest holdings that FTEC doesn’t have:
| GOOGL Alphabet Inc. Class A | 6.15% |
| GOOG Alphabet Inc. Class C | 4.89% |
| AMZN Amazon.com Inc. | 3.89% |
| META Facebook Inc. Class A | 3.84% |
| LLY Eli Lilly & Co. | 2.43% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.42% |
| TSLA Tesla Inc. | 2.11% |
| JPM JPMorgan Chase & Co. | 1.43% |
So — heavily overlapping. Should you hold both?
FTEC and VOOG share most of their weight in the same names; the second fund adds only modest differentiation. If you already hold FTEC, adding VOOG mostly increases your bet on the names they share rather than spreading it — a 50/50 blend still behaves like only ~19 equal positions, with the top 10 alone at 56% and the Magnificent Seven at 45%.
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VOOG: 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 VOOG — FAQ
- How much do FTEC and VOOG overlap?
- FTEC and VOOG overlap by approximately 62% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 9 of FTEC's 10 largest holdings are also held by VOOG. They share 18 of their listed top holdings in total.
- Is it redundant to hold both FTEC and VOOG?
- Because they share most of their weight in the same names; the second fund adds only modest differentiation, holding both is largely redundant — you mostly duplicate the same megacaps and concentrate rather than diversify. A 50/50 blend has an effective 19 positions and a C diversification grade.
- What does VOOG hold that FTEC doesn't?
- VOOG's largest holdings that FTEC doesn't hold include GOOGL, GOOG, AMZN, META, LLY. Its category is US large-cap growth, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or VOOG?
- FTEC's top 10 holdings are 80% of its listed weight; VOOG's are 67%. The more concentrated fund leans harder on its largest names.