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
3573 holdings in all 2 funds| Fund | PZA | VTEB | Positions | Holdings |
|---|---|---|---|---|
| PZAInvesco National AMT-Free Municipal Bond ETF | — | 27% 3573 shared |
6,664 | as of May 31, 2026SEC filing |
| VTEBVanguard Tax-Exempt Bond Index Fund | 27% 3573 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
26.5% common weight| Holding | PZA | VTEB | Smallest |
|---|---|---|---|
| New York (State of) Dormitory Authority 5.5%, due Jul 1, 2054 | 0.12% | 0.13% | 0.12% |
| Illinois (State of) Toll Highway Authority 5%, due Jan 1, 2045 | 0.08% | 0.10% | 0.08% |
| New York (City of), NY Municipal Water Finance Authority 5.25%, due Jun 15, 2054 | 0.07% | 0.07% | 0.07% |
| New York State Dormitory Authority 5%, due Mar 15, 2055 | 0.07% | 0.07% | 0.07% |
| New Jersey (State of) Transportation Trust Fund Authority 5.25%, due Jun 15, 2055 | 0.07% | 0.07% | 0.07% |
| Triborough Bridge & Tunnel Authority 5.25%, due May 15, 2064 | 0.08% | 0.06% | 0.06% |
| Salt River Project Agricultural Improvement & Power District 5.25%, due Jan 1, 2055 | 0.10% | 0.06% | 0.06% |
| New York City Transitional Finance Authority Future Tax Secured Revenue 5.25%, due May 1, 2055 | 0.07% | 0.06% | 0.06% |
| New York City Municipal Water Finance Authority 5.25%, due Jun 15, 2055 | 0.08% | 0.06% | 0.06% |
| New Jersey Transportation Trust Fund Authority 5%, due Jun 15, 2050 | 0.06% | 0.07% | 0.06% |
| Massachusetts (Commonwealth of) (Rail Enhancement Program) (Green Bonds) 5%, due Jun 1, 2053 | 0.06% | 0.06% | 0.06% |
| Triborough Bridge & Tunnel Authority (Green Bonds) 5.25%, due May 15, 2054 | 0.07% | 0.06% | 0.06% |
| Triborough Bridge & Tunnel Authority 5%, due May 15, 2051 | 0.10% | 0.06% | 0.06% |
| Chicago (City of), IL Board of Education 6%, due Apr 1, 2046 | 0.09% | 0.05% | 0.05% |
| New Jersey Transportation Trust Fund Authority 5%, due Jun 15, 2055 | 0.09% | 0.05% | 0.05% |
| Jefferson (County of), AL 5.5%, due Oct 1, 2053 | 0.08% | 0.05% | 0.05% |
| New York (State of) Dormitory Authority 4%, due Feb 15, 2047 | 0.11% | 0.05% | 0.05% |
| Texas Transportation Finance Corp. 5%, due Oct 1, 2050 | 0.07% | 0.05% | 0.05% |
| California (State of) Educational Facilities Authority (Stanford University) 5%, due May 1, 2049 | 0.09% | 0.05% | 0.05% |
| Denton Independent School District 5%, due Aug 15, 2053 | 0.06% | 0.05% | 0.05% |
| Hudson Yards Infrastructure Corp. 5%, due Feb 15, 2042 | 0.06% | 0.05% | 0.05% |
| New York (City of), NY Municipal Water Finance Authority 5%, due Jun 15, 2051 | 0.05% | 0.05% | 0.05% |
| Texas (State of) Water Development Board 4%, due Oct 15, 2043 | 0.06% | 0.05% | 0.05% |
| New York (State of) Dormitory Authority 5%, due Mar 15, 2046 | 0.05% | 0.05% | 0.05% |
| Jefferson (County of), AL 5.25%, due Oct 1, 2049 | 0.09% | 0.04% | 0.04% |
| Denton Independent School District 5%, due Aug 15, 2048 | 0.04% | 0.07% | 0.04% |
| New York City Municipal Water Finance Authority 5%, due Jun 15, 2055 | 0.06% | 0.04% | 0.04% |
| New York State Urban Development Corp. 4%, due Mar 15, 2049 | 0.09% | 0.04% | 0.04% |
| Metropolitan Washington Airports Authority 4%, due Oct 1, 2049 | 0.08% | 0.04% | 0.04% |
| Massachusetts (Commonwealth of) 5%, due Oct 1, 2053 | 0.06% | 0.04% | 0.04% |
| Illinois (State of) Metropolitan Pier & Exposition Authority (McCormick Place Expansion) 4%, due Jun 15, 2052 | 0.04% | 0.04% | 0.04% |
| JEA Water & Sewer System 5.25%, due Oct 1, 2055 | 0.05% | 0.04% | 0.04% |
| Metropolitan Transportation Authority 4%, due Nov 15, 2042 | 0.04% | 0.04% | 0.04% |
| University of California 5%, due May 15, 2053 | 0.07% | 0.04% | 0.04% |
| New York (City of), NY 5.25%, due Apr 1, 2047 | 0.07% | 0.04% | 0.04% |
| Commonwealth of Massachusetts 5%, due Dec 1, 2055 | 0.04% | 0.05% | 0.04% |
| Texas Water Development Board 4.75%, due Oct 15, 2050 | 0.07% | 0.04% | 0.04% |
| New York State Thruway Authority 5%, due Mar 15, 2053 | 0.04% | 0.05% | 0.04% |
| Oklahoma (State of) Turnpike Authority 5.5%, due Jan 1, 2053 | 0.08% | 0.04% | 0.04% |
| New York (City of), NY Transitional Finance Authority 5%, due Nov 1, 2053 | 0.06% | 0.04% | 0.04% |
| California (State of) Educational Facilities Authority 5%, due Oct 1, 2055 | 0.09% | 0.04% | 0.04% |
| California (State of) Public Works Board (May Lee State Office Complex) 5%, due Apr 1, 2049 | 0.05% | 0.04% | 0.04% |
| California (State of) 5%, due Oct 1, 2041 | 0.05% | 0.04% | 0.04% |
| New Jersey (State of) Turnpike Authority 5.25%, due Jan 1, 2052 | 0.09% | 0.04% | 0.04% |
| Chicago (City of), IL (O'Hare International Airport) 5.25%, due Jan 1, 2053 | 0.05% | 0.04% | 0.04% |
| New York (City of), NY Transitional Finance Authority 4%, due May 1, 2045 | 0.05% | 0.04% | 0.04% |
| California (State of) 5%, due Sep 1, 2043 | 0.04% | 0.04% | 0.04% |
| Texas Water Development Board 4.75%, due Oct 15, 2055 | 0.10% | 0.04% | 0.04% |
| Dallas (City of), TX Area Rapid Transit 5%, due Dec 1, 2047 | 0.04% | 0.04% | 0.04% |
| Triborough Bridge & Tunnel Authority 5.25%, due May 15, 2059 | 0.06% | 0.04% | 0.04% |
| New York (City of), NY Municipal Water Finance Authority 5.25%, due Jun 15, 2052 | 0.08% | 0.04% | 0.04% |
| Chicago (City of), IL Transit Authority 5%, due Dec 1, 2049 | 0.07% | 0.04% | 0.04% |
| New York (City of), NY Municipal Water Finance Authority 5.25%, due Jun 15, 2055 | 0.06% | 0.04% | 0.04% |
| Oklahoma (State of) Turnpike Authority (Senior Bonds) 5.5%, due Jan 1, 2054 | 0.07% | 0.04% | 0.04% |
| City of Houston TX Hotel Occupancy Tax & Special Revenue 5.5%, due Sep 1, 2058 | 0.05% | 0.04% | 0.04% |
| New Jersey (State of) Turnpike Authority 5%, due Jan 1, 2046 | 0.06% | 0.04% | 0.04% |
| New York (City of), NY Transitional Finance Authority 4%, due Feb 1, 2051 | 0.05% | 0.04% | 0.04% |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) 5%, due Nov 15, 2051 | 0.04% | 0.06% | 0.04% |
| University of California 5%, due May 15, 2052 | 0.07% | 0.04% | 0.04% |
| Salt River Project Agricultural Improvement & Power District 5.25%, due Jan 1, 2054 | 0.04% | 0.05% | 0.04% |
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.