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
26 holdings in all 2 funds| Fund | FTMU | VTEB | Positions | Holdings |
|---|---|---|---|---|
| FTMUFranklin Municipal Income ETF | — | 0% 26 shared |
275 | as of Oct 20, 2026issuer data |
| VTEBVanguard Tax-Exempt Bond Index Fund | 0% 26 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
0.3% common weight| Holding | FTMU | VTEB | Smallest |
|---|---|---|---|
| JEFFERSON CO-RE 5.5 10/53, due Oct 1, 2053 | 0.73% | 0.05% | 0.05% |
| TRIBOROUGH BRID 5.25 5/57, due May 15, 2057 | 1.18% | 0.04% | 0.04% |
| PUB FIN AUTH-1 5.75 7/62, due Jul 1, 2062 | 0.29% | 0.03% | 0.03% |
| OMAHA PUB PWR D 5.25 2/48, due Feb 1, 2048 | 0.53% | 0.03% | 0.03% |
| CHICAGO-A 6 1/50, due Jan 1, 2050 | 0.32% | 0.03% | 0.03% |
| LOS ANGELES CA DEP 5 7/46, due Jul 1, 2046 | 0.21% | 0.02% | 0.02% |
| PORT HOUSTON TX A 5 10/48, due Oct 1, 2048 | 1.19% | 0.01% | 0.01% |
| AL TOLL ROAD-A 6 1/66, due Jan 1, 2066 | 0.13% | 0.01% | 0.01% |
| CAPITAL PROJ FI 5.25 7/58, due Jul 1, 2058 | 0.20% | 0.01% | 0.01% |
| PA TURNPIKE COMMN 4 12/49, due Dec 1, 2049 | 0.37% | 0.01% | 0.01% |
| KY BOND DEV COR 5.5 10/56, due Oct 31, 2056 | 0.41% | 0.01% | 0.01% |
| CHARLOTTE HOSP-R FRN 1/38, due Jan 15, 2038 | 1.06% | 0.01% | 0.01% |
| ILLINOIS ST-B 5.25 5/41, due May 1, 2041 | 0.27% | 0.01% | 0.01% |
| NJ ECON DEV AUTH-R 5 6/37, due Jun 1, 2037 | 0.26% | 0.00% | 0.00% |
| CLIFTON HGR EDU FI 4 8/47, due Aug 15, 2047 | 0.25% | 0.00% | 0.00% |
| ILLINOIS ST-B 5.25 5/40, due May 1, 2040 | 0.57% | 0.00% | 0.00% |
| ARLINGTON HGR ED 4.5 8/60, due Aug 15, 2060 | 0.18% | 0.00% | 0.00% |
| KNOX CO HLTH EDU 5.5 7/59, due Jul 1, 2059 | 0.36% | 0.00% | 0.00% |
| KNOX CO HLTH ED 5.25 7/49, due Jul 1, 2049 | 0.26% | 0.00% | 0.00% |
| KNOX CO HLTH EDU 5.5 7/54, due Jul 1, 2054 | 0.21% | 0.00% | 0.00% |
| CHICAGO IL-A-REF 4 1/36, due Jan 1, 2036 | 0.74% | 0.00% | 0.00% |
| E-470 PUB HWY-CAB- 0 9/34, due Sep 1, 2034 | 0.77% | 0.00% | 0.00% |
| MET WA ARPTS-CABS 0 10/37, due Oct 1, 2037 | 1.33% | 0.00% | 0.00% |
| SC PUB SVC-A-UNRE 5 12/36, due Dec 1, 2036 | 0.57% | 0.00% | 0.00% |
| NY LIBERTY DEV 2.75 2/44, due Feb 15, 2044 | 0.44% | 0.00% | 0.00% |
| DT OF COLUMBIA 5 1/45, due Jan 1, 2045 | 1.06% | 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.