SMIG vs FTA overlap
SMIG and FTA overlap 3.6% by weight, across 9 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | SMIG | FTA | Overlap |
|---|---|---|---|
| Hartford InsuranHIG | 2.68% | 0.92% | 0.92% |
| Atmos EnergyATO | 1.16% | 0.50% | 0.50% |
| CMS Energy Corp.CMS | 1.76% | 0.47% | 0.47% |
| Packaging Corp.PKG | 3.30% | 0.35% | 0.35% |
| SNAP-on Inc.SNA | 4.70% | 0.35% | 0.35% |
| Nisource Inc.NI | 3.30% | 0.32% | 0.32% |
| Alliant EnergyLNT | 3.05% | 0.32% | 0.32% |
| Netapp Inc.NTAP | 2.43% | 0.19% | 0.19% |
| Targa ResourcesTRGP | 4.89% | 0.17% | 0.17% |
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: SMIG, SEC Form N-PORT, June 30, 2026; FTA, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SMIG | FTA |
|---|---|---|
| Morgan Stanley | $257.6M | $171.2M |
| Bank of America Corp. | $342.0M | $37.1M |
| UBS Group AG | $49.0M | $75.4M |
| LPL Financial LLC | $14.5M | $108.7M |
| Royal Bank of Canada | $77.2M | $44.1M |
| Raymond James Financial Inc. | $21.5M | $30.2M |
| Wells Fargo & Company | $24.5M | $19.1M |
| Envestnet Asset Management Inc. | $3.8M | $37.5M |
| Cetera Investment Advisers | $5.4M | $33.3M |
| Cambridge Investment Research Advisors, Inc. | $7.5M | $27.5M |
| Sanctuary Advisors, LLC | $20.4M | $1.9M |
| Stifel Financial Corp. | $11.3M | $7.5M |
| Truist Financial Corp. | $8.1M | $8.1M |
| Osaic Holdings, Inc. | $49K | $12.1M |
| US Bancorp | $11.1M | $181K |
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: SMIG institutional holders, FTA institutional holders.
Frequently asked questions
How much do SMIG and FTA overlap?
3.6% by weight, with 9 holdings in common, using holdings for SMIG as of June 30, 2026 and FTA as of July 31, 2026. The largest shared position is HIG.
Do institutions hold both SMIG and FTA?
39 Form 13F filers report positions in both, out of 253 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%.