NBDS vs EWD overlap

NBDS and EWD overlap 2.1% by weight, across 1 shared holdings.

NBDSEWD

Pick 2 to 4 ETFs.

2.1%

overlap by weight, across 1 shared holdings

NBDS2.1% of the fund is in shared holdings, of 30

EWD9.7% of the fund is in shared holdings, of 43

Top shared holdings

Holding	NBDS	EWD	Overlap
Spotify TechnoloSPOT	2.12%	9.69%	2.12%

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: NBDS, SEC Form N-PORT, May 31, 2026; EWD, SEC Form N-PORT, May 31, 2026.

institutions report holding both, of 99 holding any

NBDS0.2% of its 13F dollars, 33.3% of its 9 holders

EWD9.6% of its 13F dollars, 3.2% of its 93 holders

Largest institutions holding both

Firm	NBDS	EWD
Morgan Stanley	$66	$5.6M
LPL Financial LLC	$213K	$3.6M
UBS Group AG	$5K	$3.0M

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: NBDS institutional holders, EWD institutional holders.

Frequently asked questions

How much do NBDS and EWD overlap?

2.1% by weight, with 1 holdings in common, using holdings for NBDS as of May 31, 2026 and EWD as of May 31, 2026. The largest shared position is SPOT.

Do institutions hold both NBDS and EWD?

3 Form 13F filers report positions in both, out of 99 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%.