FTEC vs XLK: Complete Comparison
Fidelity MSCI Information Technology Index ETF vs Technology Select Sector SPDR Fund โ overlap, correlation, performance & risk analysis
Visual Overlap
๐Performance Comparison
โ๏ธHead-to-Head Comparison
๐ XLK wins this comparison
Key Factors
โถAdditional Metrics (3)
Bottom line: XLK wins with better expense ratio and number of holdings. Consider XLK for your portfolio, but FTEC is still a solid choice if you prefer its specific advantages.
Detailed Overlap Analysis
10 shared holdings representing 58.3% portfolio overlap
Top Shared Holdings
| # | Stock | FTEC Weight | XLK Weight | Overlap |
|---|---|---|---|---|
| 1 | NVDA NVIDIA Corp | 13.85% | 14.84% | 13.85% |
| 2 | AAPL Apple Inc | 16.52% | 13.10% | 13.10% |
| 3 | MSFT Microsoft Corp | 14.18% | 11.75% | 11.75% |
| 4 | AVGO Broadcom Inc | 5.12% | 5.36% | 5.12% |
| 5 | ORCL Oracle Corp | 2.35% | 2.81% | 2.35% |
| 6 | AMD Advanced Micro Devices | 2.18% | 2.96% | 2.18% |
| 7 | CRM Salesforce Inc | 2.42% | 2.13% | 2.13% |
| 8 | CSCO Cisco Systems Inc | 1.88% | 2.60% | 1.88% |
| 9 | ACN Accenture plc | 1.95% | 1.42% | 1.42% |
| 10 | ADBE Adobe Inc | 2.02% | 1.25% | 1.25% |
Overlap by Sector
Showing top 5 sectors by overlap contribution
Top Holdings Only in XLK
Unique to XLK
| Symbol | Name | Weight |
|---|---|---|
| PLTR | PLTR | 3.75% |
| MU | MU | 2.72% |
| IBM | IBM | 2.41% |
| LRCX | LRCX | 1.88% |
| AMAT | AMAT | 1.76% |
Price Correlation
How We Calculate Overlap
We use the minimum weight method with normalization to calculate portfolio overlap:
Overlap = ฮฃ min(weightA, weightB) for each shared holdingNormalization: Holdings weights are normalized to sum to 100% before comparison. This ensures accurate overlap calculations even when analyzing partial holdings data (e.g., top 50 positions).
Conservative approach: We consider only the smaller allocation for each shared position, giving you a realistic view of true portfolio overlap.
๐ This analysis is based on publicly available holdings data. For the most current and complete holdings information, please visit the official ETF provider websites.