PSWD vs IZRL overlap

PSWD and IZRL overlap 2.0% by weight, across 2 shared holdings.

PSWDIZRL

Pick 2 to 4 ETFs.

2.0%

overlap by weight, across 2 shared holdings

PSWD3.7% of the fund is in shared holdings, of 52

IZRL2.9% of the fund is in shared holdings, of 65

These funds report on different dates (PSWD: May 29, 2026, IZRL: 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	PSWD	IZRL	Overlap
Check Point SOFTCHKP	3.18%	1.50%	1.50%
Radware Ltd.RDWR	0.51%	1.39%	0.51%

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: PSWD, SEC Form N-PORT, May 29, 2026; IZRL, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 58 holding any

PSWD48.3% of its 13F dollars, 25.0% of its 4 holders

IZRL4.9% of its 13F dollars, 1.8% of its 55 holders

Largest institutions holding both

Firm	PSWD	IZRL
Jane Street Group, LLC	$6.3M	$682K

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: PSWD institutional holders, IZRL institutional holders.

Frequently asked questions

How much do PSWD and IZRL overlap?

2.0% by weight, with 2 holdings in common, using holdings for PSWD as of May 29, 2026 and IZRL as of July 31, 2026. The largest shared position is CHKP.

Do institutions hold both PSWD and IZRL?

1 Form 13F filers report positions in both, out of 58 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%.