The most concentrated US equity ETFs
How concentrated are US equity ETFs? As of October 28, 2026, a typical US equity ETF holds 35.5% of its weight in its ten largest holdings; MSOS, the most concentrated ETF Copilot tracks, holds 100.0%. Concentration shows how much of a fund's weight sits in relatively few holdings.
How concentration compares across funds
- 1,367 equity funds we track.
- Top 10 share of a typical fund is 35.5%.
- 45.8% of holdings carry 80% of the typical fund's weight.
- The typical equity ETF needs 20 holdings to reach half its weight.
- Its ten largest holdings account for 35.5%.
- Just 18.6% of its holdings carry half of the fund's weight.
Top 10 share across the ETF market
- 133 funds have 0%–10% in their ten largest holdings
- 192 funds have 10%–20% in their ten largest holdings
- 203 funds have 20%–30% in their ten largest holdings
- 240 funds have 30%–40% in their ten largest holdings
- 196 funds have 40%–50% in their ten largest holdings
- 161 funds have 50%–60% in their ten largest holdings
- 105 funds have 60%–70% in their ten largest holdings
- 46 funds have 70%–80% in their ten largest holdings
- 2 funds have 80%–90% in their ten largest holdings
- 4 funds have 90%–100% in their ten largest holdings
Most concentrated
| Fund | Holdings to reach 50% of weight | Top 10 share |
|---|---|---|
| AdvisorShares Pure US Cannabis ETF (MSOS) | 40.0% | 100.0% |
| First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) | 18.8% | 96.9% |
| Alerian MLP ETF (AMLP) | 22.7% | 91.1% |
| Global X MLP ETF (MLPA) | 38.5% | 90.4% |
| iShares MSCI Singapore ETF (EWS) | 15.0% | 84.8% |
| iShares U.S. Pharmaceuticals ETF (IHE) | 5.4% | 80.4% |
| Strive U.S. Energy ETF (DRLL) | 7.9% | 79.6% |
| SP Funds S&P Global REIT Sharia ETF (SPRE) | 20.8% | 79.1% |
| State Street Energy Select Sector SPDR ETF (XLE) | 19.0% | 78.2% |
| Global X Silver Miners ETF (SIL) | 10.3% | 76.3% |
Least concentrated
| Fund | Holdings to reach 50% of weight | Top 10 share |
|---|---|---|
| State Street SPDR S&P International Small Cap ETF (GWX) | 24.6% | 2.0% |
| Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) | 46.8% | 2.4% |
| Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) | 24.7% | 2.4% |
| Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) | 13.5% | 2.4% |
| iShares MSCI EAFE Small-Cap ETF (SCZ) | 19.7% | 2.6% |
| Dimensional US Small Cap ETF (DFAS) | 15.3% | 2.6% |
| Inspire Small/Mid Cap ETF (ISMD) | 45.9% | 2.7% |
| Invesco S&P 500 Equal Weight ETF (RSP) | 45.6% | 2.7% |
| iShares MSCI USA Equal Weighted ETF (EUSA) | 44.6% | 2.7% |
| Schwab U.S. Small-Cap ETF (SCHA) | 18.9% | 2.8% |
Updated October 28, 2026. Computed across all holdings, not the top 10.
Cite this
ETF Copilot, “Holdings concentration across 1,367 US equity ETFs”, as of October 28, 2026.
https://etf-copilot.com/concentration