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
71 holdings in all 2 funds| Fund | FMB | VTEB | Positions | Holdings |
|---|---|---|---|---|
| FMBFirst Trust Managed Municipal ETF | — | 1% 71 shared |
1,245 | as of Oct 20, 2026issuer data |
| VTEBVanguard Tax-Exempt Bond Index Fund | 1% 71 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
0.7% common weight| Holding | FMB | VTEB | Smallest |
|---|---|---|---|
| HARRIS CNTY TX CULTURAL EDU FACS FIN CORP Variable rate, due 07/01/2056 | 0.19% | 0.08% | 0.08% |
| ILLINOIS ST 5%, due 11/01/2029 | 0.24% | 0.07% | 0.07% |
| SALT RIVER AZ PROJ AGRIC IMPT & PWR DIST 5%, due 01/01/2051 | 0.08% | 0.04% | 0.04% |
| ILLINOIS ST 5.50%, due 03/01/2047 | 0.09% | 0.03% | 0.03% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5.25%, due 06/15/2050 | 0.16% | 0.03% | 0.03% |
| HARRIS CNTY-HOUSTON TX SPORTS AUTH 5%, due 11/15/2038 | 0.11% | 0.03% | 0.03% |
| GREAT LAKES MI WTR AUTH WTR SPLY SYS 5%, due 07/01/2043 | 0.05% | 0.02% | 0.02% |
| WASHINGTON ST 5%, due 08/01/2041 | 0.27% | 0.02% | 0.02% |
| TEXAS ST TRANSPRTN COMMN CENTRAL TX TPK SYS 5%, due 08/15/2036 | 0.11% | 0.02% | 0.02% |
| UNIV OF TEXAS TX UNIV REVENUES 5%, due 08/15/2043 | 0.32% | 0.02% | 0.02% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5.25%, due 06/15/2041 | 0.05% | 0.02% | 0.02% |
| MASSACHUSETTS ST DEV FIN AGY REV Variable rate, due 11/01/2055 | 0.14% | 0.02% | 0.02% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REV Variable rate, due 08/01/2045 | 0.08% | 0.02% | 0.02% |
| SAN ANTONIO TX ELEC & GAS REV 5.25%, due 02/01/2049 | 0.06% | 0.01% | 0.01% |
| TEXAS ST TRANSPRTN COMMN CENTRAL TX TPK SYS 5%, due 08/15/2038 | 0.08% | 0.01% | 0.01% |
| MET GOVT NASHVILLE & DAVIDSON CNTY TN 5.25%, due 05/01/2048 | 0.05% | 0.01% | 0.01% |
| TEXAS ST WTR DEV BRD 5%, due 04/15/2030 | 0.04% | 0.01% | 0.01% |
| NEW YORK ST THRUWAY AUTH 5%, due 03/15/2040 | 0.12% | 0.01% | 0.01% |
| N TX TOLLWAY AUTH REVENUE 5.25%, due 01/01/2038 | 0.05% | 0.01% | 0.01% |
| HUDSON YARDS INFRASTRUCTURE CORP NY 5%, due 02/15/2037 | 0.03% | 0.01% | 0.01% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 5.25%, due 08/01/2040 | 0.22% | 0.01% | 0.01% |
| INTERMOUNTAIN PWR AGY UT PWR SPLY REV 5%, due 07/01/2040 | 0.16% | 0.01% | 0.01% |
| ILLINOIS ST 5.25%, due 05/01/2038 | 0.04% | 0.01% | 0.01% |
| MASSACHUSETTS ST 5%, due 12/01/2043 | 0.05% | 0.01% | 0.01% |
| INDIANA ST MUNI PWR AGY 5%, due 01/01/2042 | 0.03% | 0.01% | 0.01% |
| TEXAS ST TRANSPRTN COMMISSION 5%, due 08/15/2041 | 0.08% | 0.01% | 0.01% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 4%, due 11/01/2038 | 0.12% | 0.01% | 0.01% |
| JEFFERSON CNTY AL SWR REVENUE 5.25%, due 10/01/2042 | 0.16% | 0.01% | 0.01% |
| NEW YORK ST THRUWAY AUTH GEN REV 4%, due 01/01/2045 | 0.01% | 0.01% | 0.01% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 4%, due 11/01/2037 | 0.50% | 0.01% | 0.01% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5%, due 12/15/2039 | 0.01% | 0.01% | 0.01% |
| NEW YORK NY 5.25%, due 10/01/2039 | 0.31% | 0.01% | 0.01% |
| MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 5%, due 04/01/2044 | 0.05% | 0.01% | 0.01% |
| JEFFERSON CNTY AL SWR REVENUE 5%, due 10/01/2039 | 0.03% | 0.01% | 0.01% |
| MISSISSIPPI ST BUSINESS FIN COMMN Variable rate, due 11/01/2035 | 0.03% | 0.01% | 0.01% |
| ILLINOIS ST 5.25%, due 05/01/2045 | 0.05% | 0.01% | 0.01% |
| NEW YORK NY 4%, due 08/01/2040 | 0.27% | 0.01% | 0.01% |
| MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 5%, due 04/01/2045 | 0.05% | 0.01% | 0.01% |
| ILLINOIS ST 4%, due 03/01/2038 | 0.10% | 0.01% | 0.01% |
| ILLINOIS ST 5.25%, due 05/01/2039 | 0.05% | 0.01% | 0.01% |
| E BATON ROUGE PARISH LA SWR COMMN REV 4%, due 02/01/2045 | 0.30% | 0.01% | 0.01% |
| COLORADO ST CTFS PARTN 3%, due 12/15/2036 | 0.08% | 0.01% | 0.01% |
| CONNECTICUT ST 3%, due 01/15/2039 | 0.04% | 0.00% | 0.00% |
| AQUARION WTR AUTH CT WTR SYS REV 5.25%, due 08/01/2038 | 0.03% | 0.00% | 0.00% |
| HOMEWOOD AL EDUCTNL BLDG AUTH 5.50%, due 10/01/2049 | 0.13% | 0.00% | 0.00% |
| NEW YORK CITY NY MUNI WTR FIN AUTH 5.50%, due 06/15/2039 | 0.11% | 0.00% | 0.00% |
| WILLIAMSBURG VA ECON DEV AUTH 5.25%, due 07/01/2053 | 0.05% | 0.00% | 0.00% |
| IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REV Variable rate, due 12/01/2050 | 0.17% | 0.00% | 0.00% |
| NEW JERSEY ST ECON DEV AUTH REV 5%, due 06/15/2044 | 0.21% | 0.00% | 0.00% |
| ILLINOIS ST 5.50%, due 03/01/2042 | 0.18% | 0.00% | 0.00% |
| WASHINGTON ST 5%, due 02/01/2041 | 0.11% | 0.00% | 0.00% |
| CHICAGO IL 5%, due 01/01/2035 | 0.07% | 0.00% | 0.00% |
| CONNECTICUT ST SPL TAX OBLIG REV 5.25%, due 07/01/2043 | 0.09% | 0.00% | 0.00% |
| JEFFERSON CNTY AL SWR REVENUE 5.25%, due 10/01/2040 | 0.12% | 0.00% | 0.00% |
| CHERRY CREEK CO SCH DIST #5 5.25%, due 12/15/2043 | 0.12% | 0.00% | 0.00% |
| NEW YORK CITY NY TRANSITIONAL FIN AUTH 5.25%, due 11/01/2047 | 0.05% | 0.00% | 0.00% |
| NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5%, due 06/15/2045 | 0.09% | 0.00% | 0.00% |
| SALES TAX SECURITIZATION CORP IL 5.25%, due 01/01/2043 | 0.05% | 0.00% | 0.00% |
| GREAT LAKES MI WTR AUTH WTR SPLY SYS 5%, due 07/01/2042 | 0.11% | 0.00% | 0.00% |
| NEW YORK NY 5.25%, due 10/01/2040 | 0.16% | 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.