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 64% by weight. 9 of FTEC's top 10 holdings also appear in VOOG. A 50/50 blend of the two behaves like about 20 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 20 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% | 13.64% |
| MSFT Microsoft Corporation | 8.67% | 7.80% |
| AAPL Apple Inc. | 14.71% | 5.98% |
| AVGO Broadcom Inc. | 3.89% | 5.03% |
| MU Micron Technology, Inc. | 5.19% | 3.66% |
| AMD Advanced Micro Devices, Inc. | 3.44% | 2.67% |
| AMAT Applied Materials, Inc. | 2.06% | 1.62% |
| LRCX Lam Research Corporation | 1.97% | 1.53% |
| KLAC KLA Corporation | 1.38% | 1.11% |
| SNDK Sandisk Corporation | 1.29% | 0.95% |
| PLTR Palantir Technologies Inc. | 1.02% | 0.75% |
| CSCO Cisco Systems, Inc. | 1.85% | 0.69% |
| APH Amphenol Corporation | 0.86% | 0.61% |
| CRWD CrowdStrike Holdings, Inc. | 0.75% | 0.55% |
| PANW Palo Alto Networks, Inc. | 1.06% | 0.44% |
+ 5 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% |
| WDC Western Digital Corporation | 0.88% |
| QCOM QUALCOMM Incorporated | 0.86% |
| ADI Analog Devices, Inc. | 0.81% |
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 | 5.90% |
| GOOG Alphabet Inc. Class C | 4.70% |
| META Facebook Inc. Class A | 3.48% |
| AMZN Amazon.com Inc. | 3.48% |
| LLY Eli Lilly & Co. | 2.67% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.58% |
| TSLA Tesla Inc. | 2.07% |
| JPM JPMorgan Chase & Co. | 1.56% |
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 ~20 equal positions, with the top 10 alone at 54% and the Magnificent Seven at 43%.
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VOOG: Jun 30, 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 64% 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 20 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 20 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, META, AMZN, 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 64%. The more concentrated fund leans harder on its largest names.