SMDX vs FRI overlap
SMDX and FRI overlap 3.8% by weight, across 16 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | SMDX | FRI | Overlap |
|---|---|---|---|
| Lamar Advertis-aLAMR | 0.83% | 0.99% | 0.83% |
| Omega HealthcareOHI | 0.75% | 1.04% | 0.75% |
| Healthcare RealtHR | 0.50% | 0.51% | 0.50% |
| EPR PropertiesEPR | 0.44% | 0.33% | 0.33% |
| Outfront Media IOUT | 0.27% | 0.37% | 0.27% |
| Apple HospitalitAPLE | 0.18% | 0.27% | 0.18% |
| Pebblebrook HOTEPEB | 0.37% | 0.16% | 0.16% |
| Sunstone HotelSHO | 0.32% | 0.16% | 0.16% |
| Park H&R Inc.PK | 0.15% | 0.21% | 0.15% |
| Xenia Hotels & RXHR | 0.18% | 0.14% | 0.14% |
| Diamondrock HOSPDRH | 0.12% | 0.18% | 0.12% |
| Millrose PropertMRP | 0.06% | 0.34% | 0.06% |
| Innovative IndusIIPR | 0.06% | 0.13% | 0.06% |
| Global NET LeaseGNL | 0.02% | 0.12% | 0.02% |
| Brixmor PropertyBRX | 0.02% | 0.71% | 0.02% |
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: SMDX, SEC Form N-PORT, July 31, 2026; FRI, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SMDX | FRI |
|---|---|---|
| UBS Group AG | $24K | $8.9M |
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: SMDX institutional holders, FRI institutional holders.
Frequently asked questions
How much do SMDX and FRI overlap?
3.8% by weight, with 16 holdings in common, using holdings for SMDX as of July 31, 2026 and FRI as of June 30, 2026. The largest shared position is LAMR.
Do institutions hold both SMDX and FRI?
1 Form 13F filers report positions in both, out of 70 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%.