How much do your ETFs overlap?

Overlap is the share of two funds' money that lands in the same companies. As of July 29, 2026. Computed across all holdings — not the top 10.

35 of 513,591 fund pairs we compared are more than 99% identical.

Effectively the same fund

Both directions above ~95%. Owning both is not diversification — it is two expense ratios for one basket.

One sits inside the other

A wide gap between the two directions. The smaller fund is already contained in the larger — adding it is a tilt, not a new exposure.

Less alike than they look

Same category, genuinely different holdings. Two funds in the same category are not automatically the same trade.

How we calculate this →

ETF Copilot
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