IVOO vs FSMD overlap
IVOO and FSMD overlap 47.0% by weight, across 246 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (IVOO: May 31, 2026, FSMD: July 31, 2026), so market moves and index changes between those dates lower the number. Funds tracking the same index can read well below their true overlap.
Top shared holdings
| Holding | IVOO | FSMD | Overlap |
|---|---|---|---|
| Flex Ltd.FLEX | 1.58% | 0.66% | 0.66% |
| Technipfmc PLCFTI | 0.79% | 0.48% | 0.48% |
| Carpenter TechCRS | 0.67% | 0.42% | 0.42% |
| Curtiss-WrightCW | 0.79% | 0.41% | 0.41% |
| ATI Inc.ATI | 0.68% | 0.41% | 0.41% |
| Tenet HealthcareTHC | 0.44% | 0.39% | 0.39% |
| Nvent ElectricNVT | 0.77% | 0.39% | 0.39% |
| Everpure Inc.-aP | 0.71% | 0.38% | 0.38% |
| United TherapeutUTHR | 0.68% | 0.37% | 0.37% |
| TD Synnex Corp.SNX | 0.56% | 0.34% | 0.34% |
| MKS Inc.MKSI | 0.62% | 0.34% | 0.34% |
| Woodward Inc.WWD | 0.59% | 0.33% | 0.33% |
| East West BncrpEWBC | 0.48% | 0.33% | 0.33% |
| Sterling InfrastSTRL | 0.75% | 0.32% | 0.32% |
| JAZZ PharmaceutiJAZZ | 0.41% | 0.32% | 0.32% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: IVOO, SEC Form N-PORT, May 31, 2026; FSMD, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | IVOO | FSMD |
|---|---|---|
| FMR LLC | $1.5M | $851.4M |
| Goldman Sachs Group Inc. | $266.8M | $1.5M |
| Bank of America Corp. | $180.6M | $71.6M |
| Hantz Financial Services, Inc. | $249.9M | $18K |
| Commonwealth Equity Services, LLC | $11.4M | $179.5M |
| Envestnet Asset Management Inc. | $34.3M | $125.2M |
| Morgan Stanley | $125.8M | $769K |
| LPL Financial LLC | $43.0M | $72.3M |
| Northwestern Mutual Wealth Management Co | $93.4M | $18.8M |
| UBS Group AG | $107.1M | $162K |
| Raymond James Financial Inc. | $48.9M | $24.4M |
| Cetera Investment Advisers | $29.4M | $29.9M |
| Sanctuary Advisors, LLC | $842K | $45.8M |
| Stifel Financial Corp. | $12.1M | $31.5M |
| Atria Investments, Inc | $1.4M | $39.5M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: IVOO institutional holders, FSMD institutional holders.
Frequently asked questions
How much do IVOO and FSMD overlap?
47.0% by weight, with 246 holdings in common, using holdings for IVOO as of May 31, 2026 and FSMD as of July 31, 2026. The largest shared position is FLEX.
Do institutions hold both IVOO and FSMD?
85 Form 13F filers report positions in both, out of 448 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.