Parity?

[Professor Chaos]

Lots of talk recently about how the FCS is a collection of a few schools with true national championship aspirations and a while bunch of schools that have no shot. So I wanted to compare parity in the FCS vs the FBS. Since the college football playoff is 4 teams I looked at FCS teams that have made the semis since 2014 (the first year of the college football playoff).

Here's the FCS list:
NDSU (x6)
JMU (x3)
SHSU (x3)
EWU (x2)
SDSU (×2)
Illinois St
JSU
Maine
Montana St
Richmond
UNH
Weber St
YSU

13 teams, 5 of which with multiple appearances in the semis.

Now compare that with the College Football Playoff in the same time period:
Alabama (x5)
Clemson (x5)
Oklahoma (x4)
Ohio St (x3)
Florida St
Georgia
LSU
Michigan St
Notre Dame
Oregon
Washington

11 total teams with 4 that have made it multiple times.

So, despite the fact that NDSU has won the title in 4 (maybe 5) of those 6 years, is there more parity in the FCS compared to the FBS? I'd say the data says yes at least in the CFP era (last 6 years).