FTEC vs VTV: how much do they really overlap?
FTEC (Fidelity MSCI Information Technology Index ETF, tracking the MSCI US IMI Info Tech 25/50) and VTV (Vanguard Value ETF, tracking the CRSP US Large Cap Value) overlap by roughly 22% by weight. 4 of FTEC's top 10 holdings also appear in VTV. A 50/50 blend of the two behaves like about 50 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 9 holdings appear in both FTEC and VTV. The weight columns show how much of each fund each name represents.
| Holding | in FTEC | in VTV |
|---|---|---|
| MU Micron Technology, Inc. | 5.19% | 4.17% |
| INTC Intel Corporation | 2.32% | 1.75% |
| CSCO Cisco Systems, Inc. | 1.85% | 1.63% |
| IBM International Business Machines Corporation | 1.05% | 1.06% |
| QCOM QUALCOMM Incorporated | 0.86% | 1.02% |
| ADI Analog Devices, Inc. | 0.81% | 0.77% |
| AMAT Applied Materials, Inc. | 2.06% | 0.68% |
| TXN Texas Instruments Incorporated | 1.09% | 0.53% |
| GLW Corning Incorporated | 0.77% | 0.53% |
Only in FTEC
Fidelity MSCI Information Technology Index ETF — US tech sector. Its biggest holdings that VTV doesn’t have:
| NVDA NVIDIA Corporation | 16.20% |
| AAPL Apple Inc. | 14.71% |
| MSFT Microsoft Corporation | 8.67% |
| AVGO Broadcom Inc. | 3.89% |
| AMD Advanced Micro Devices, Inc. | 3.44% |
| LRCX Lam Research Corporation | 1.97% |
| KLAC KLA Corporation | 1.38% |
| SNDK Sandisk Corporation | 1.29% |
Only in VTV
Vanguard Value ETF — US large-cap value. Its biggest holdings that FTEC doesn’t have:
| JPM JPMorgan Chase & Co. | 2.88% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.82% |
| XOM Exxon Mobil Corp. | 2.31% |
| JNJ Johnson & Johnson | 2.07% |
| WMT Walmart Inc. | 1.93% |
| CAT Caterpillar Inc. | 1.55% |
| ABBV AbbVie Inc. | 1.47% |
| CVX Chevron Corp. | 1.32% |
So — mostly different. Should you hold both?
FTEC and VTV 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 ~50 effective positions (grade B), because they hold largely different securities.
Holdings as of — FTEC: Jun 27, 2026 (Fidelity); VTV: 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 VTV — FAQ
- How much do FTEC and VTV overlap?
- FTEC and VTV overlap by approximately 22% measured by portfolio weight — that is the share of the smaller fund's holdings (by weight) that also sit inside the other. 4 of FTEC's 10 largest holdings are also held by VTV. They share 9 of their listed top holdings in total.
- Is it redundant to hold both FTEC and VTV?
- 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 50 positions and a B diversification grade.
- What does VTV hold that FTEC doesn't?
- VTV's largest holdings that FTEC doesn't hold include JPM, BRK.B, XOM, JNJ, WMT. Its category is US large-cap value, versus FTEC's US tech sector.
- Which is more concentrated, FTEC or VTV?
- FTEC's top 10 holdings are 80% of its listed weight; VTV's are 41%. The more concentrated fund leans harder on its largest names.