NDIA vs FLSW overlap

NDIA and FLSW overlap 0.0% by weight, across 0 shared holdings.

NDIAFLSW

Pick 2 to 4 ETFs.

0.0%

overlap by weight, across 0 shared holdings

NDIA0.0% of the fund is in shared holdings, of 30

FLSW0.0% of the fund is in shared holdings, of 49

Top shared holdings

These funds hold nothing in common.

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: NDIA, SEC Form N-PORT, May 31, 2026; FLSW, SEC Form N-PORT, June 30, 2026.

institutions report holding both, of 35 holding any

NDIA9.5% of its 13F dollars, 33.3% of its 15 holders

FLSW3.9% of its 13F dollars, 20.0% of its 25 holders

Largest institutions holding both

Firm	NDIA	FLSW
Royal Bank of Canada	$3.2M	$54K
Jane Street Group, LLC	$346K	$1.2M
LPL Financial LLC	$329K	$274K
Morgan Stanley	$273K	$82K
Wells Fargo & Company	$20	$2K

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: NDIA institutional holders, FLSW institutional holders.

Frequently asked questions

How much do NDIA and FLSW overlap?

0.0% by weight, with 0 holdings in common, using holdings for NDIA as of May 31, 2026 and FLSW as of June 30, 2026.

Do institutions hold both NDIA and FLSW?

5 Form 13F filers report positions in both, out of 35 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%.