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
37 holdings in all 2 funds| Fund | FLMI | PZA | Positions | Holdings |
|---|---|---|---|---|
| FLMIFranklin Dynamic Municipal Bond ETF | — | 1% 37 shared |
1,449 | as of Oct 20, 2026issuer data |
| PZAInvesco National AMT-Free Municipal Bond ETF | 1% 37 shared | — | 6,664 | as of May 31, 2026SEC filing |
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
0.7% common weight| Holding | FLMI | PZA | Smallest |
|---|---|---|---|
| MET TRANSPRTN-C-1 5 11/50, due Nov 15, 2050 | 0.27% | 0.07% | 0.07% |
| MET TRANSPRTN- 4.75 11/45, due Nov 15, 2045 | 0.13% | 0.06% | 0.06% |
| CHICAGO BOE 5.75 4/48, due Apr 1, 2048 | 0.40% | 0.05% | 0.05% |
| MET PIER & EXPOSI 4 12/42, due Dec 15, 2042 | 1.20% | 0.05% | 0.05% |
| ILLINOIS ST 5.5 3/47, due Mar 1, 2047 | 0.24% | 0.05% | 0.05% |
| CT ST HLTH -A 5.5 7/51, due Jul 1, 2051 | 0.20% | 0.04% | 0.04% |
| ILLINOIS ST-B 5.25 5/47, due May 1, 2047 | 0.14% | 0.04% | 0.04% |
| ILLINOIS ST-A 5 3/46, due Mar 1, 2046 | 0.28% | 0.04% | 0.04% |
| SC JOBS ECON DE 4.25 2/48, due Feb 1, 2048 | 0.04% | 0.03% | 0.03% |
| NEW YORK C-1 5.25 9/46, due Sep 1, 2046 | 0.22% | 0.03% | 0.03% |
| BREVARD HLTH FACS- 5 4/47, due Apr 1, 2047 | 0.17% | 0.03% | 0.03% |
| WA HLTH CARE FA 5.25 9/50, due Sep 1, 2050 | 0.06% | 0.03% | 0.03% |
| TARRANT CO CULTUR 5 11/44, due Nov 15, 2044 | 0.09% | 0.03% | 0.03% |
| GRAND FORKS-REF 3 12/46, due Dec 1, 2046 | 0.02% | 0.03% | 0.02% |
| VA SMALL BUSINE 4.5 12/44, due Dec 1, 2044 | 0.13% | 0.02% | 0.02% |
| CO ST HLTH FACS AU 4 8/44, due Aug 1, 2044 | 0.02% | 0.01% | 0.01% |
| W VA HOSP FIN A 4.25 6/47, due Jun 1, 2047 | 0.08% | 0.01% | 0.01% |
| ILLINOIS ST-B 5.25 5/48, due May 1, 2048 | 0.35% | 0.01% | 0.01% |
| EL PASO CO HOSP 5.5 2/50, due Feb 15, 2050 | 0.71% | 0.01% | 0.01% |
| IL FIN AUTH 5.5 4/51, due Apr 1, 2051 | 0.23% | 0.01% | 0.01% |
| ORLANDO 5.5 11/50, due Nov 1, 2050 | 0.11% | 0.01% | 0.01% |
| ILLINOIS ST-B 5.25 5/44, due May 1, 2044 | 0.01% | 0.01% | 0.01% |
| MICHIGAN FIN AUT 5.5 2/49, due Feb 28, 2049 | 0.39% | 0.01% | 0.01% |
| ILLINOIS ST 5.5 3/42, due Mar 1, 2042 | 0.01% | 0.04% | 0.01% |
| MET PIER-B-REF 5 6/53, due Jun 15, 2053 | 0.14% | 0.01% | 0.01% |
| MONTGOMERY HGR EDU 5 5/47, due May 1, 2047 | 0.07% | 0.01% | 0.01% |
| DETROIT DOWNTOWN D 5 7/48, due Jul 1, 2048 | 0.07% | 0.01% | 0.01% |
| SC JOBS-ECON DEV 4 11/42, due Nov 1, 2042 | 0.25% | 0.01% | 0.01% |
| CHICAGO BOE 5 4/45, due Apr 1, 2045 | 0.32% | 0.01% | 0.01% |
| MA DEV FIN AGY-A 5 10/43, due Oct 1, 2043 | 0.01% | 0.00% | 0.00% |
| DETROIT MI 6 5/43, due May 1, 2043 | 0.02% | 0.00% | 0.00% |
| ILLINOIS ST-C 5.25 10/47, due Oct 1, 2047 | 0.22% | 0.00% | 0.00% |
| ARKANSAS DEV FIN A 5 9/44, due Sep 1, 2044 | 0.10% | 0.00% | 0.00% |
| ILLINOIS ST-C 5.25 4/43, due Apr 1, 2043 | 0.23% | 0.00% | 0.00% |
| HUNTSVILLE HLTH CA 4 6/45, due Jun 1, 2045 | 0.04% | 0.00% | 0.00% |
| MET TRANSPRTN AUT 4 11/41, due Nov 15, 2041 | 0.19% | 0.00% | 0.00% |
| NEW YORK-G-G-1 5.25 2/48, due Feb 1, 2048 | 0.10% | 0.00% | 0.00% |
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.