FTEC vs VT: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and VT (Vanguard Total World Stock ETF, tracking the FTSE Global All Cap) overlap by roughly 44% by weight. 10 of FTEC's top 10 holdings also appear in VT. A 50/50 blend of the two behaves like about 39 equally-weighted bets (diversification grade B). 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 14 holdings appear in both FTEC and VT. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in VT |
|---|---|---|
| NVDA NVIDIA Corporation | 16.20% | 4.17% |
| AAPL Apple Inc. | 14.71% | 3.79% |
| MSFT Microsoft Corporation | 8.67% | 2.82% |
| AVGO Broadcom Inc. | 3.89% | 1.74% |
| MU Micron Technology, Inc. | 5.19% | 0.91% |
| AMD Advanced Micro Devices, Inc. | 3.44% | 0.70% |
| INTC Intel Corporation | 2.32% | 0.43% |
| CSCO Cisco Systems, Inc. | 1.85% | 0.40% |
| LRCX Lam Research Corporation | 1.97% | 0.34% |
| ORCL Oracle Corporation | 1.02% | 0.32% |
| AMAT Applied Materials, Inc. | 2.06% | 0.30% |
| PLTR Palantir Technologies Inc. | 1.02% | 0.29% |
| TXN Texas Instruments Incorporated | 1.09% | 0.23% |
| IBM International Business Machines Corporation | 1.05% | 0.23% |
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that VT doesn’t have:
| KLAC KLA Corporation | 1.38% |
| SNDK Sandisk Corporation | 1.29% |
| PANW Palo Alto Networks, Inc. | 1.06% |
| MRVL Marvell Technology, Inc. | 0.99% |
| WDC Western Digital Corporation | 0.88% |
| QCOM QUALCOMM Incorporated | 0.86% |
| APH Amphenol Corporation | 0.86% |
| STX Seagate Technology Holdings plc | 0.85% |
Only in VT
Vanguard Total World Stock ETF — global all-cap. Its biggest holdings that FTEC doesn’t have:
| AMZN Amazon.com Inc. | 2.19% |
| GOOGL Alphabet Inc. Class A | 1.89% |
| 2330 Taiwan Semiconductor Manufacturing Co. Ltd. | 1.52% |
| GOOG Alphabet Inc. Class C | 1.48% |
| META Facebook Inc. Class A | 1.16% |
| TSLA Tesla Inc. | 1.04% |
| 005930 Samsung Electronics Co. Ltd. | 0.83% |
| LLY Eli Lilly & Co. | 0.75% |
So — partly overlapping. Should you hold both?
FTEC and VT 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 ~39 effective positions (grade B).
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VT: 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 VT — FAQ
- How much do FTEC and VT overlap?
- FTEC and VT overlap by approximately 44% 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 VT. They share 14 of their listed top holdings in total.
- Is it redundant to hold both FTEC and VT?
- 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 39 positions and a B diversification grade.
- What does VT hold that FTEC doesn't?
- VT's largest holdings that FTEC doesn't hold include AMZN, GOOGL, 2330, GOOG, META. Its category is global all-cap, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or VT?
- FTEC's top 10 holdings are 80% of its listed weight; VT's are 58%. The more concentrated fund leans harder on its largest names.