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
14 holdings in all 2 funds| Fund | JHMU | PZA | Positions | Holdings |
|---|---|---|---|---|
| JHMUJohn Hancock Dynamic Municipal Bond ETF | — | 0% 14 shared |
219 | as of Jun 30, 2026SEC filing |
| PZAInvesco National AMT-Free Municipal Bond ETF | 0% 14 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
0.2% common weight| Holding | JHMU | PZA | Smallest |
|---|---|---|---|
| New York City Municipal Water Finance Authority 5%, due Jun 15, 2055 | 1.19% | 0.06% | 0.06% |
| Texas Water Development Board 4%, due Oct 15, 2043 | 0.23% | 0.03% | 0.03% |
| Massachusetts Development Finance Agency 5.5%, due Dec 1, 2056 | 0.61% | 0.02% | 0.02% |
| METROPOLITAN GOVERNMENT NASHVI METFAC 07/53 FIXED 5.25, due Jul 1, 2053 | 0.60% | 0.02% | 0.02% |
| Beaver County Industrial Development Authority 3.75%, due Oct 1, 2047 | 0.07% | 0.01% | 0.01% |
| Colorado Health Facilities Authority 4%, due Aug 1, 2044 | 0.24% | 0.01% | 0.01% |
| State of Illinois 5%, due Sep 1, 2044 | 0.48% | 0.01% | 0.01% |
| DISTRICT OF COLUMBIA INCOME TA DISGEN 06/44 FIXED 5, due Jun 1, 2044 | 0.25% | 0.01% | 0.01% |
| State of Illinois 4%, due Oct 1, 2043 | 0.26% | 0.01% | 0.01% |
| ISLE WIGHT COUNTY INDUSTRIAL D ILWDEV 07/43 FIXED 5.25, due Jul 1, 2043 | 0.62% | 0.00% | 0.00% |
| CITY OF LOS ANGELES CA WASTEWA LOSUTL 06/43 FIXED 5, due Jun 1, 2043 | 0.26% | 0.00% | 0.00% |
| DISTRICT OF COLUMBIA INCOME TA DISGEN 06/45 FIXED 5, due Jun 1, 2045 | 0.14% | 0.00% | 0.00% |
| Pennsylvania Higher Educational Facilities Authority 5.25%, due Nov 1, 2043 | 0.15% | 0.00% | 0.00% |
| The Port Authority of New York and New Jersey 5%, due Jan 15, 2045 | 0.06% | 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.