FDN vs VUG overlap - what they share and where they differ

FDN and VUG share 22.3% of their weight across 20 common positions, read from what each fund reported to the SEC.

Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.

FDN and VUG

22.3%

20 shared positions

FDN

First Trust Dow Jones Internet Index Fund

Reported positions cover 100% of the fund, 40 positions · Jun 30, 2026

Top 10: 64.5%·Holdings of FDN

VUG

VANGUARD GROWTH INDEX FUND

Reported positions cover 100% of the fund, 144 positions · Jun 30, 2026

Top 10: 63.1%·Holdings of VUG

Reported positions cover FDN 100%, VUG 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

VUG vs FDN side by side

FDNFirst Trust Dow Jones Internet Index Fund

40

stock positions reported to the SEC

25.1% of its weight is in 20 names VUG does not hold

VUGVANGUARD GROWTH INDEX FUND

144

stock positions reported to the SEC

77.3% of its weight is in 124 names FDN does not hold

Where each fund's weight sits

FDN
VUG
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
73.4%
72.2%
Consumer Cyclical
15.4%
10.9%
Industrials
5.0%
2.3%
Healthcare
0.0%
4.7%
Communication Services
4.4%
0.0%
Financial Services
1.7%
3.7%

The widest gap is Healthcare: VUG has 4.7 points more of it.

The figures side by side

FDNVUG
Filing dateJun 30, 2026Jun 30, 2026
Stock positions reported40144
Weight of the ten largest64.5%63.1%
Largest positionAMZN 10.0%NVDA 12.6%
Held alone20 positions, 25.1%124 positions, 77.3%
Covered by stock positions100%100%

Holdings they share

StockIn FDNIn VUGCounted
GOOGLALPHABET INC9.98%10.29%9.98%
AMZNAMAZON.COM INC9.98%4.47%4.47%
METAMETA PLATFORMS INC9.83%3.41%3.41%
NFLXNETFLIX INC3.90%0.84%0.84%
ORCLORACLE CORP4.59%0.71%0.71%
ANETARISTA NETWORKS INC5.02%0.52%0.52%
BKNGBOOKING HOLDINGS INC4.98%0.40%0.40%
DDOGDATADOG INC3.53%0.26%0.26%
SNOWSNOWFLAKE INC3.61%0.25%0.25%
NETCLOUDFLARE INC3.22%0.23%0.23%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in FDN

CSCOCISCO SYSTEMS INC8.54%
CRMSALESFORCE INC4.11%
EBAYEBAY INC2.04%
PYPLPAYPAL HOLDINGS INC1.57%
CPRTCOPART INC1.03%
FFIVF5 INC0.96%
OKTAOKTA INC0.94%
ZMZOOM COMMUNICATIONS INC0.94%
FLUTFLUTTER ENTERTAINMENT PLC0.73%
AKAMAKAMAI TECHNOLOGIES INC0.70%

Only in VUG

NVDANVIDIA Corp12.63%
AAPLApple Inc11.67%
MSFTMicrosoft Corp7.61%
AVGOBroadcom Inc4.28%
TSLATesla Inc3.27%
LLYEli Lilly & Co2.81%
AMDAdvanced Micro Devices Inc2.62%
AMATApplied Materials Inc1.60%
VVisa Inc1.54%
LRCXLam Research Corp1.51%

Questions people ask

Is FDN the same as VUG?

22.3% of their weight sits in the same 20 holdings. FDN also reports CSCO, CRM, EBAY, which the other does not. VUG also reports NVDA, AAPL, MSFT, which the other does not.

How is the overlap between FDN and VUG measured?

For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of FDN and 100% of VUG, so the number cannot exceed the smaller coverage.

Which holds more, VUG or FDN?

FDN reports 40 stock positions and VUG reports 144. 25.1% of FDN's weight sits in names VUG does not hold, and 77.3% of VUG's weight in names FDN does not hold. The ten largest positions are 64.5% of FDN and 63.1% of VUG.

How do FDN and VUG differ by sector?

The widest gap is Healthcare: VUG has 4.7 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.

Where do the numbers come from?

From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.

Other pairs with these funds

VUG against other funds in the table

Add a third fund in the tool·All fund pairs

Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.