FNCL vs FXO: holdings overlap, shared companies and scores

As of September 11, 2026, FNCL and FXO overlap 26.2% by weight. Fidelity MSCI Financials Index ETF (FNCL): U.S. financials stocks. First Trust Financials AlphaDEX Fund (FXO): U.S. financials stocks.

Updated September 11, 2026

How much do FNCL and FXO overlap?

As of September 11, 2026, FNCL and FXO overlap 26.2% by weight.

44% of FNCL is already inside FXO.

94% of FXO is already inside FNCL.

FNCL holds 377 companies and FXO holds 104; 99 are in both.

Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.

How does ETF Copilot score FNCL and FXO?

As of September 11, 2026, ETF Copilot scores FNCL 4.6 out of 10 and FXO 4.4 out of 10.

They differ most on Valuation: FNCL 4.5 and FXO 7.7.

The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.

FNCL vs FXO — ETF Copilot factor scores, 0–10
Factor	FNCL	FXO
Growth	0.8	0.3
Valuation	4.5	7.7
Risk	4.4	2.3
Quality	7.8	6.7
Return	6.3	6.2

FNCL is the cheaper of the two at 0.08% a year

As of September 11, 2026, FNCL charges 0.08% a year, yields 1.64% and holds $2.4B in assets across 377 positions.

As of September 11, 2026, FXO charges 0.60% a year, yields 2.65% and holds $1.1B in assets across 104 positions.

FNCL vs FXO — cost, income and size
Measure	FNCL	FXO
Expense ratio	0.08%	0.60%
Dividend yield	1.64%	2.65%
Assets under management	$2.4B	$1.1B
Holdings	377	104

Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.

Where FNCL and FXO trade against their own history

FNCL trades at 15.7 times earnings, against its own median of 14.1, and is more expensive than 65% of its own 114 monthly readings since 2017.

FXO trades at 10.4 times earnings, against its own median of 11.4, and is cheaper than 61% of its own 114 monthly readings since 2017.

What moved FNCL and FXO this week

FNCL fell 2.4% in the week to September 11, 2026. The holdings that moved it most were JPMorgan Chase (−1.6%), Visa (−2.2%) and Mastercard (−2.8%); Berkshire Hathaway (+0.5%) pushed the other way.

FXO fell 3.1% in the week to September 11, 2026. The holdings that moved it most were Factset Research Systems (−17.0%), Morningstar (−11.5%) and Hamilton Lane (−7.2%); Wells Fargo (+1.2%) pushed the other way.

What do FNCL and FXO each hold?

What's inside FNCL: Tech 2%.

49% of FNCL is its ten largest holdings.

What's inside FXO: Tech 2%.

18% of FXO is its ten largest holdings.

Compare with similar funds

Cite this

ETF Copilot, “FNCL vs FXO holdings overlap and scores”, as of September 11, 2026.
https://etf-copilot.com/compare/fncl-vs-fxo