PAWZ vs FBUF overlap

PAWZ and FBUF overlap 0.6% by weight, across 1 shared holdings.

PAWZFBUF

Pick 2 to 4 ETFs.

0.6%

overlap by weight, across 1 shared holdings

PAWZ4.8% of the fund is in shared holdings, of 27

FBUF0.6% of the fund is in shared holdings, of 172

These funds report on different dates (PAWZ: May 31, 2026, FBUF: 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	PAWZ	FBUF	Overlap
Merck & CoMRK	4.84%	0.64%	0.64%

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: PAWZ, SEC Form N-PORT, May 31, 2026; FBUF, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 43 holding any

PAWZ7.0% of its 13F dollars, 12.1% of its 33 holders

FBUF16.4% of its 13F dollars, 28.6% of its 14 holders

Largest institutions holding both

Firm	PAWZ	FBUF
Raymond James Financial Inc.	$227K	$674K
Bank of Montreal	$30K	$106K
Osaic Holdings, Inc.	$62K	$20K
UBS Group AG	$29K	$10K

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: PAWZ institutional holders, FBUF institutional holders.

Frequently asked questions

How much do PAWZ and FBUF overlap?

0.6% by weight, with 1 holdings in common, using holdings for PAWZ as of May 31, 2026 and FBUF as of July 31, 2026. The largest shared position is MRK.

Do institutions hold both PAWZ and FBUF?

4 Form 13F filers report positions in both, out of 43 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%.