FTEC vs SMH ETF holdings comparison
Fidelity MSCI Information Technology Index ETF (FTEC) · VanEck Semiconductor ETF (SMH)
FTEC and SMH overlap by 40.6% by portfolio weight. The remaining 59.4 percentage points are not counted as shared holdings weight by this calculation. They share 21 stocks; the largest shared position is NVIDIA Corp (NVDA), contributing 17.55% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
FTEC and SMH share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in FTEC | in SMH |
|---|---|---|---|
| NVIDIA Corp | NVDA | 17.97% | 17.55% |
| Broadcom Inc | AVGO | 5.01% | 5.28% |
| Micron Technology Inc | MU | 2.63% | 5.67% |
| Advanced Micro Devices Inc | AMD | 2.59% | 5.63% |
| Intel Corp | INTC | 1.99% | 5.15% |
| Lam Research Corp | LRCX | 1.49% | 5.31% |
| Applied Materials Inc | AMAT | 1.44% | 5.74% |
| Texas Instruments Inc | TXN | 1.20% | 4.17% |
| KLA Corp | KLAC | 1.09% | 5.57% |
| Analog Devices Inc | ADI | 0.94% | 4.00% |
Holdings only in FTEC or SMH
FTEC has 260 fund-only positions representing approximately 58.9 percentage points of reported exposure; SMH has 4 fund-only positions representing approximately 16.8 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in FTEC
| Company | Ticker | Weight |
|---|---|---|
| Apple Inc | AAPL | 14.36% |
| Microsoft Corp | MSFT | 9.53% |
| Cisco Systems Inc | CSCO | 1.66% |
| Palantir Technologies Inc | PLTR | 1.40% |
| Oracle Corp | ORCL | 1.22% |
| International Business Machines Corp | IBM | 0.99% |
| Arista Networks Inc | ANET | 0.89% |
| Amphenol Corp | APH | 0.86% |
| Sandisk Corp/DE | SNDK | 0.80% |
| Salesforce Inc | CRM | 0.77% |
Largest positions only in SMH
| Company | Ticker | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | TSM | 9.29% |
| ASML Holding NV | ASML | 5.04% |
| STMicroelectronics NV | STM | 1.26% |
| ARM Holdings PLC | ARM | 1.17% |
FAQ
How much do FTEC and SMH overlap?
FTEC and SMH have 40.6% overlap by weight, sharing 21 equity positions (out of 281 in FTEC and 25 in SMH). The official holdings files used are dated 2026-04-30 for FTEC and 2026-06-30 for SMH.
What does 40.6% overlap mean?
FTEC and SMH share a material portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "moderate holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do FTEC and SMH both hold?
The largest shared positions are NVIDIA Corp, Broadcom Inc, Micron Technology Inc, Advanced Micro Devices Inc, Intel Corp. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between FTEC and SMH?
FTEC has 260 positions not found in SMH, while SMH has 4 positions not found in FTEC. The largest fund-only positions and their weights are shown on this page.