QEFA vs FREL overlap
QEFA and FREL overlap 0.0% by weight, across 0 shared holdings.
Pick 2 to 4 ETFs.
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: QEFA, SEC Form N-PORT, June 30, 2026; FREL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | QEFA | FREL |
|---|---|---|
| Bank of America Corp. | $20.7M | $306.9M |
| LPL Financial LLC | $125.1M | $17.8M |
| Morgan Stanley | $102.2M | $5.5M |
| Envestnet Asset Management Inc. | $44.8M | $24.5M |
| Ameriprise Financial Inc. | $57.2M | $1.4M |
| Northwestern Mutual Wealth Management Co | $5.1M | $25.5M |
| Commonwealth Equity Services, LLC | $8.8M | $16.1M |
| Private Advisor Group, LLC | $22.0M | $582K |
| CX Institutional | $21.0M | $110K |
| Dynamic Advisor Solutions LLC | $13.7M | $6.4M |
| Aptus Capital Advisors, LLC | $14.6M | $557 |
| MML Investors Services, LLC | $5.8M | $7.4M |
| Cetera Investment Advisers | $957K | $12.2M |
| HighTower Advisors, LLC | $7.2M | $4.5M |
| Diversify Wealth Management, LLC | $307K | $10.6M |
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: QEFA institutional holders, FREL institutional holders.
Frequently asked questions
How much do QEFA and FREL overlap?
0.0% by weight, with 0 holdings in common, using holdings for QEFA as of June 30, 2026 and FREL as of July 31, 2026.
Do institutions hold both QEFA and FREL?
60 Form 13F filers report positions in both, out of 306 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%.