ETF Overlap Tool
Enter up to six ETFs to see how much of each is the same securities. Overlap by weight is the sum, over every holding two funds share, of the smaller of the two weights: 100% means identical portfolios, 0% means nothing in common.
Overlap by weight
159 holdings in all 2 funds| Fund | DFNM | VTEB | Positions | Holdings |
|---|---|---|---|---|
| DFNMDimensional National Municipal Bond ETF | — | 1% 159 shared |
1,172 | as of Oct 20, 2026issuer data |
| VTEBVanguard Tax-Exempt Bond Index Fund | 1% 159 shared | — | 11,154 | as of Sep 30, 2026issuer data |
Each cell: overlap by weight, and how many positions the two funds share. Stocks, funds and bonds are compared, a bond by its own identifier and a Treasury bill by its maturity date; cash and derivatives are not, and a fund that is partly either shows how much of it is compared.
Held by both funds
1.4% common weight| Holding | DFNM | VTEB | Smallest |
|---|---|---|---|
| WISCONSIN 5.% 05/01/38, due May 1, 2038 | 0.24% | 0.10% | 0.10% |
| ILLINOI 5% 09/01/37, due Sep 1, 2037 | 0.08% | 0.06% | 0.06% |
| CALIFORNI 5.% 08/01/30, due Aug 1, 2030 | 0.05% | 0.05% | 0.05% |
| MARYLAND 5.% 06/01/37, due Jun 1, 2037 | 0.49% | 0.04% | 0.04% |
| ENERGY NW 4.% 07/01/42, due Jul 1, 2042 | 0.06% | 0.04% | 0.04% |
| DASNY -A 4.% 03/15/39, due Mar 15, 2039 | 0.13% | 0.03% | 0.03% |
| CALIFORNI 5.% 09/01/35, due Sep 1, 2035 | 0.10% | 0.03% | 0.03% |
| COLORADO 5% 06/30/27, due Jun 30, 2027 | 0.23% | 0.03% | 0.03% |
| NY ST THR 5.% 09/15/37, due Sep 15, 2037 | 0.49% | 0.03% | 0.03% |
| UNIV OF H 5.% 02/15/30, due Feb 15, 2030 | 0.43% | 0.03% | 0.03% |
| NEW YORK- 5.% 02/01/43, due Feb 1, 2043 | 0.15% | 0.03% | 0.03% |
| CALIFORNI 4.% 03/01/36, due Mar 1, 2036 | 0.12% | 0.03% | 0.03% |
| NEW JERSE 4.% 06/01/30, due Jun 1, 2030 | 0.02% | 0.06% | 0.02% |
| TX TRANSP 5.% 04/01/46, due Apr 1, 2046 | 0.04% | 0.02% | 0.02% |
| DASNY-A-R 5.% 03/15/43, due Mar 15, 2043 | 0.14% | 0.02% | 0.02% |
| TRIBOROUG 5.% 11/15/38, due Nov 15, 2038 | 0.08% | 0.02% | 0.02% |
| ENERGY 5% 07/01/2040, due Jul 1, 2040 | 0.14% | 0.02% | 0.02% |
| N TX TOLL 4.125% 01/01/40, due Jan 1, 2040 | 0.18% | 0.02% | 0.02% |
| NASHVILLE 4.% 01/01/44, due Jan 1, 2044 | 0.20% | 0.02% | 0.02% |
| NY URBAN 5.% 03/15/45, due Mar 15, 2045 | 0.11% | 0.02% | 0.02% |
| CALIFORNI 5.% 12/01/26, due Dec 1, 2026 | 0.11% | 0.02% | 0.02% |
| CALIFORN 5.00% 10/01/2031, due Oct 1, 2031 | 0.05% | 0.02% | 0.02% |
| ENERGY NW 5.% 07/01/28, due Jul 1, 2028 | 0.39% | 0.02% | 0.02% |
| NY ST DOR 5.% 03/15/43, due Mar 15, 2043 | 0.22% | 0.02% | 0.02% |
| ENERGY NW 5.% 07/01/37, due Jul 1, 2037 | 0.09% | 0.01% | 0.01% |
| WASHINGTO 5.% 08/01/39, due Aug 1, 2039 | 0.14% | 0.01% | 0.01% |
| NY URBAN 5.% 03/15/32, due Mar 15, 2032 | 0.09% | 0.01% | 0.01% |
| UNION C 4% 06/11/27, due Jun 11, 2027 | 0.23% | 0.01% | 0.01% |
| WISCONSIN 5.% 05/01/37, due May 1, 2037 | 0.04% | 0.01% | 0.01% |
| ENERGY N 5.% 07/01/28, due Jul 1, 2028 | 0.05% | 0.01% | 0.01% |
| ILLINOIS 5.% 03/01/33, due Mar 1, 2033 | 0.06% | 0.01% | 0.01% |
| FRISCO IS 5.% 02/15/34, due Feb 15, 2034 | 0.16% | 0.01% | 0.01% |
| TEXAS ST- 5.% 10/01/32, due Oct 1, 2032 | 0.12% | 0.01% | 0.01% |
| CALIFORN 4.00% 10/01/2036, due Oct 1, 2036 | 0.05% | 0.01% | 0.01% |
| UNIV OF T 5.% 08/15/43, due Aug 15, 2043 | 0.34% | 0.01% | 0.01% |
| NJ ST TRA 5.% 06/15/35, due Jun 15, 2035 | 0.02% | 0.01% | 0.01% |
| CHICAGO I 5.% 06/01/28, due Jun 1, 2028 | 0.06% | 0.01% | 0.01% |
| HOUSTON 5.00% 03/01/35, due Mar 1, 2035 | 0.14% | 0.01% | 0.01% |
| WASHING 5% 10/01/29, due Oct 1, 2029 | 0.04% | 0.01% | 0.01% |
| MARYLAND 5.% 08/01/27, due Aug 1, 2027 | 0.18% | 0.01% | 0.01% |
| CONNECTIC 5.% 01/01/32, due Jan 1, 2032 | 0.13% | 0.01% | 0.01% |
| TX TRANSP 5.% 10/01/35, due Oct 1, 2035 | 0.10% | 0.01% | 0.01% |
| TX TRANSP 5.% 08/15/39, due Aug 15, 2039 | 0.07% | 0.01% | 0.01% |
| KY CMWLTH 5.% 03/01/37, due Mar 1, 2037 | 0.07% | 0.01% | 0.01% |
| NEW YORK- 5.% 10/01/36, due Oct 1, 2036 | 0.14% | 0.01% | 0.01% |
| NY ST DOR 5.% 03/15/38, due Mar 15, 2038 | 0.08% | 0.01% | 0.01% |
| MUNICIPAL 5.00% 08/01/28, due Aug 1, 2028 | 0.06% | 0.01% | 0.01% |
| NORTH CAR 5.% 03/01/33, due Mar 1, 2033 | 0.02% | 0.01% | 0.01% |
| CALIFORNI 4.% 09/01/35, due Sep 1, 2035 | 0.21% | 0.01% | 0.01% |
| PENNSYLVA 4.% 03/01/38, due Mar 1, 2038 | 0.16% | 0.01% | 0.01% |
| BROWARD C 5.% 07/01/35, due Jul 1, 2035 | 0.05% | 0.01% | 0.01% |
| KY COMMON 5.% 09/01/35, due Sep 1, 2035 | 0.03% | 0.01% | 0.01% |
| TRIBOROUG 5.% 11/15/43, due Nov 15, 2043 | 0.05% | 0.01% | 0.01% |
| FL MUNI P 5.% 10/01/27, due Oct 1, 2027 | 0.08% | 0.01% | 0.01% |
| PORT AUTH 5.% 07/15/41, due Jul 15, 2041 | 0.15% | 0.01% | 0.01% |
| WASHINGTO 5.% 08/01/38, due Aug 1, 2038 | 0.39% | 0.01% | 0.01% |
| NC MUNI P 5.% 01/01/31, due Jan 1, 2031 | 0.04% | 0.01% | 0.01% |
| NEW JERS 5.00% 06/15/2031, due Jun 15, 2031 | 0.14% | 0.01% | 0.01% |
| SALES SEC 5.% 01/01/36, due Jan 1, 2036 | 0.07% | 0.01% | 0.01% |
| UNIV TX S 5.% 08/15/39, due Aug 15, 2039 | 0.26% | 0.01% | 0.01% |
Reading overlap
Two funds with 80% overlap move together and holding both mostly doubles one exposure and both fees. Low overlap is not the same as diversification: two funds can share no holdings and still be driven by the same factor. To see what a whole portfolio owns, use the portfolio x-ray.
Holdings come from each issuer's daily file where we have one and otherwise from the fund's latest SEC filing, so the two sides of a comparison can be from different dates. The table shows each fund's date.
Bond funds are matched issue by issue: two Treasury funds overlap only where they hold the same bill, note or bond. A fund of short-dated bills replaces its whole portfolio every few months, so holdings from an older filing may have matured; the table says when they have.
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.