SPBW vs SMAX overlap
SPBW and SMAX 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: SPBW, SEC Form N-PORT, July 31, 2026; SMAX, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPBW | SMAX |
|---|---|---|
| Kestra Advisory Services, LLC | $6.8M | $599K |
| Raymond James Financial Inc. | $301K | $2.6M |
| AE Wealth Management LLC | $2.7M | $109K |
| Envestnet Asset Management Inc. | $1.1M | $1.2M |
| Commonwealth Equity Services, LLC | $1.3M | $746K |
| Old Mission Capital LLC | $566K | $295K |
| Diversify Wealth Management, LLC | $312K | $204K |
| Diversify Advisory Services, LLC | $312K | $204K |
| IFP Advisors, Inc | $75K | $1K |
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: SPBW institutional holders, SMAX institutional holders.
Frequently asked questions
How much do SPBW and SMAX overlap?
0.0% by weight, with 0 holdings in common, using holdings for SPBW as of July 31, 2026 and SMAX as of July 31, 2026.
Do institutions hold both SPBW and SMAX?
9 Form 13F filers report positions in both, out of 60 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%.