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
87 holdings in all 2 funds| Fund | GMUB | VTEB | Positions | Holdings |
|---|---|---|---|---|
| GMUBGoldman Sachs Municipal Income ETF | — | 1% 87 shared |
903 | as of Oct 20, 2026issuer data |
| VTEBVanguard Tax-Exempt Bond Index Fund | 1% 87 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
1.2% common weight| Holding | GMUB | VTEB | Smallest |
|---|---|---|---|
| STATE OF ILLINOIS 5%, due Nov 1, 2029 | 0.37% | 0.07% | 0.07% |
| ALABAMA TOLL ROAD, BRIDGE 5%, due Oct 1, 2032 | 0.16% | 0.06% | 0.06% |
| STATE OF TEXAS 2.8%, due Oct 1, 2041 | 0.30% | 0.06% | 0.06% |
| CHICAGO ILLINOIS BOARD OF 6%, due Apr 1, 2046 | 0.16% | 0.05% | 0.05% |
| PENNSYLVANIA TURNPIKE COM 5%, due Dec 1, 2044 | 0.08% | 0.05% | 0.05% |
| WASHINGTON METROPOLITAN A 5%, due Jul 1, 2042 | 0.16% | 0.04% | 0.04% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2051 | 0.18% | 0.04% | 0.04% |
| CITY OF SAN ANTONIO, TEXA 3.65%, due Feb 1, 2056 | 0.15% | 0.03% | 0.03% |
| TRUSTEES OF THE CALIFORNI 2.9%, due Nov 1, 2049 | 0.15% | 0.03% | 0.03% |
| NEW JERSEY TURNPIKE AUTHO 4%, due Jan 1, 2042 | 0.04% | 0.03% | 0.03% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2039 | 0.16% | 0.03% | 0.03% |
| NEW JERSEY EDUCATIONAL FA 5%, due Jul 1, 2064 | 0.05% | 0.03% | 0.03% |
| STATE OF ILLINOIS 5%, due Oct 1, 2028 | 0.32% | 0.03% | 0.03% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2048 | 0.31% | 0.03% | 0.03% |
| REGIONAL TRANSPORTATION D 5%, due Nov 1, 2046 | 0.06% | 0.03% | 0.03% |
| STATE OF CALIFORNIA 5%, due Dec 1, 2028 | 0.49% | 0.03% | 0.03% |
| CITY OF SAN ANTONIO, TEXA 3.15%, due Feb 1, 2055 | 0.07% | 0.02% | 0.02% |
| FORT BEND INDEPENDENT SCH 3.125%, due Aug 1, 2056 | 0.15% | 0.02% | 0.02% |
| NEW JERSEY TRANSPORTATION, due Dec 15, 2039 | 0.29% | 0.02% | 0.02% |
| CALIFORNIA MUNICIPAL FINA 5%, due Jun 30, 2032 | 0.53% | 0.02% | 0.02% |
| SALES TAX SECURITIZATION 5%, due Jan 1, 2033 | 0.02% | 0.02% | 0.02% |
| GOVT OF THE DISTRICT OF C 5%, due Apr 1, 2060 | 0.12% | 0.02% | 0.02% |
| MASSACHUSETTS DEVELOPMENT 5%, due Aug 15, 2037 | 0.26% | 0.02% | 0.02% |
| SOUTHERN CALIFORNIA PUBLI 5%, due Jul 1, 2053 | 0.08% | 0.02% | 0.02% |
| LOWER COLORADO RIVER AUTH 5%, due May 15, 2045 | 0.08% | 0.02% | 0.02% |
| BOARD OF REGENTS OF THE U 5%, due Feb 15, 2029 | 0.08% | 0.02% | 0.02% |
| COMMONWEALTH OF MASSACHUS 3%, due Apr 1, 2044 | 0.08% | 0.01% | 0.01% |
| NEW JERSEY TRANSPORTATION 4%, due Jun 15, 2035 | 0.01% | 0.03% | 0.01% |
| LANSING BOARD OF WATER & 5%, due Jul 1, 2051 | 0.47% | 0.01% | 0.01% |
| SALT RIVER PROJECT AGRICU 5.25%, due Jan 1, 2038 | 0.12% | 0.01% | 0.01% |
| NEW JERSEY TURNPIKE AUTHO 5%, due Jan 1, 2044 | 0.03% | 0.01% | 0.01% |
| NEW JERSEY TRANSPORTATION, due Dec 15, 2037 | 0.07% | 0.01% | 0.01% |
| PHILADELPHIA PENNSYLVANIA 5%, due Sep 1, 2027 | 0.56% | 0.01% | 0.01% |
| METROPOLITAN TRANSPORTATI 4%, due Nov 15, 2048 | 0.02% | 0.01% | 0.01% |
| TRIBOROUGH BRIDGE AND TUN 5%, due Nov 15, 2047 | 0.03% | 0.01% | 0.01% |
| OKLAHOMA CITY PUBLIC PROP 5%, due Jun 1, 2031 | 0.17% | 0.01% | 0.01% |
| STATE OF ILLINOIS 4%, due Nov 1, 2034 | 0.07% | 0.01% | 0.01% |
| STATE OF ILLINOIS 5%, due Jun 15, 2043 | 0.02% | 0.01% | 0.01% |
| TEXAS TRANSPORTATION COMM 5%, due Oct 1, 2044 | 0.25% | 0.01% | 0.01% |
| METROPOLITAN PIER AND EXP 5%, due Jun 15, 2053 | 0.01% | 0.01% | 0.01% |
| LOS ANGELES DEPARTMENT OF 5%, due Jul 1, 2034 | 0.04% | 0.01% | 0.01% |
| JEFFERSON, ALABAMA (COUNT 5.25%, due Oct 1, 2042 | 0.02% | 0.01% | 0.01% |
| DORMITORY AUTHORITY OF TH 5%, due Mar 15, 2036 | 0.13% | 0.01% | 0.01% |
| NEW YORK CITY MUNICIPAL W 5%, due Jun 15, 2044 | 0.16% | 0.01% | 0.01% |
| SALES TAX SECURITIZATION 5%, due Jan 1, 2035 | 0.11% | 0.01% | 0.01% |
| NEW YORK STATE URBAN DEVE 5%, due Mar 15, 2035 | 0.16% | 0.01% | 0.01% |
| CENTRAL TEXAS TURNPIKE SY 5%, due Aug 15, 2042 | 0.02% | 0.01% | 0.01% |
| SCHERTZ-CIBOLO-UNIVERSAL 3.125%, due Feb 1, 2056 | 0.08% | 0.01% | 0.01% |
| METROPOLITAN TRANSPORTATI 5%, due Nov 15, 2037 | 0.01% | 0.02% | 0.01% |
| COOK, ILLINOIS (COUNTY OF 5%, due Nov 15, 2042 | 0.26% | 0.01% | 0.01% |
| NEW JERSEY TURNPIKE AUTHO 5%, due Jan 1, 2043 | 0.32% | 0.01% | 0.01% |
| STATE OF ILLINOIS 5%, due Dec 1, 2047 | 0.07% | 0.01% | 0.01% |
| HOUSTON, TEXAS (CITY OF) 5%, due Sep 1, 2046 | 0.08% | 0.01% | 0.01% |
| STATE OF ILLINOIS 5.25%, due May 1, 2041 | 0.08% | 0.01% | 0.01% |
| COOK, ILLINOIS (COUNTY OF 5%, due Nov 15, 2028 | 0.08% | 0.01% | 0.01% |
| SOUTH CAROLINA PUBLIC SER 4.125%, due Dec 1, 2044 | 0.01% | 0.01% | 0.01% |
| NEW JERSEY TRANSPORTATION 5%, due Jun 15, 2039 | 0.18% | 0.01% | 0.01% |
| STATE OF GEORGIA 4%, due Dec 1, 2032 | 0.01% | 0.05% | 0.01% |
| NORTH CAROLINA CAPITAL FA 5%, due Oct 1, 2044 | 0.15% | 0.01% | 0.01% |
| STATE OF ILLINOIS 5.25%, due May 1, 2047 | 0.02% | 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.