QTEC vs SMH overlap - what they share and where they differ
QTEC and SMH share 43.0% of their weight across 21 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.
QTEC and SMH
43.0%
21 shared positions
QTEC
First Trust NASDAQ-100-Technology Sector Index Fund
Reported positions cover 100% of the fund, 46 positions · Jun 30, 2026
Top 10: 28.7%·Holdings of QTEC
SMH
VanEck Semiconductor ETF
Reported positions cover 100% of the fund, 25 positions · Jun 30, 2026
Top 10: 70.2%·Holdings of SMH
Reported positions cover QTEC 100%, SMH 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SMH vs QTEC side by side
QTECFirst Trust NASDAQ-100-Technology Sector Index Fund
46
stock positions reported to the SEC
50.6% of its weight is in 25 names SMH does not hold
SMHVanEck Semiconductor ETF
25
stock positions reported to the SEC
11.3% of its weight is in 4 names QTEC does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: SMH has 6.3 points more of it.
The figures side by side
| QTEC | SMH | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 46 | 25 |
| Weight of the ten largest | 28.7% | 70.2% |
| Largest position | AMAT 3.4% | NVDA 17.6% |
| Held alone | 25 positions, 50.6% | 4 positions, 11.3% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In QTEC | In SMH | Counted |
|---|---|---|---|
| AMATAPPLIED MATERIALS INC | 3.37% | 5.74% | 3.37% |
| KLACKLA CORP | 3.29% | 5.57% | 3.29% |
| MRVLMARVELL TECHNOLOGY INC | 3.04% | 4.66% | 3.04% |
| LRCXLAM RESEARCH CORP | 2.85% | 5.31% | 2.85% |
| ASMLASML HOLDING NV | 2.59% | 5.04% | 2.59% |
| INTCINTEL CORP | 2.55% | 5.15% | 2.55% |
| MUMICRON TECHNOLOGY INC | 2.49% | 5.67% | 2.49% |
| AMDADVANCED MICRO DEVICES INC | 2.36% | 5.63% | 2.36% |
| CDNSCADENCE DESIGN SYSTEMS INC | 2.10% | 2.15% | 2.10% |
| TXNTEXAS INSTRUMENTS INC | 2.04% | 4.17% | 2.04% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in QTEC
Only in SMH
Questions people ask
Is QTEC the same as SMH?
43.0% of their weight sits in the same 21 holdings. QTEC also reports SNDK, PANW, WDC, which the other does not. SMH also reports TSM, STM, ON, which the other does not.
How is the overlap between QTEC and SMH 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 QTEC and 100% of SMH, so the number cannot exceed the smaller coverage.
Which holds more, SMH or QTEC?
QTEC reports 46 stock positions and SMH reports 25. 50.6% of QTEC's weight sits in names SMH does not hold, and 11.3% of SMH's weight in names QTEC does not hold. The ten largest positions are 28.7% of QTEC and 70.2% of SMH.
How do QTEC and SMH differ by sector?
The widest gap is Technology: SMH has 6.3 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.
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.