SPHB vs FVAL overlap
SPHB and FVAL overlap 14.8% by weight, across 20 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SPHB: May 31, 2026, FVAL: 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 | SPHB | FVAL | Overlap |
|---|---|---|---|
| Micron TechMU | 1.92% | 2.67% | 1.92% |
| Broadcom Inc.AVGO | 1.10% | 3.42% | 1.10% |
| Nvidia Corp.NVDA | 0.94% | 7.71% | 0.94% |
| META Platforms-aMETA | 0.88% | 1.95% | 0.88% |
| Goldman Sachs GPGS | 0.85% | 1.01% | 0.85% |
| Qualcomm Inc.QCOM | 1.05% | 0.84% | 0.84% |
| Amazon.COM Inc.AMZN | 0.79% | 4.39% | 0.79% |
| Citigroup Inc.C | 0.79% | 0.92% | 0.79% |
| Caterpillar Inc.CAT | 0.78% | 1.00% | 0.78% |
| Paypal HoldingsPYPL | 0.71% | 0.79% | 0.71% |
| Expedia Group inEXPE | 0.72% | 0.69% | 0.69% |
| Skyworks SolutioSWKS | 0.88% | 0.67% | 0.67% |
| Capital One FINACOF | 0.82% | 0.66% | 0.66% |
| First Solar Inc.FSLR | 1.04% | 0.58% | 0.58% |
| Delta Air LIDAL | 1.15% | 0.56% | 0.56% |
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: SPHB, SEC Form N-PORT, May 31, 2026; FVAL, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SPHB | FVAL |
|---|---|---|
| Goldman Sachs Group Inc. | $144.6M | $1.5M |
| Envestnet Asset Management Inc. | $7.8M | $138.2M |
| FMR LLC | $495K | $127.6M |
| Cambridge Investment Research Advisors, Inc. | $73.3M | $7.8M |
| LPL Financial LLC | $40.7M | $23.9M |
| Morgan Stanley | $42.2M | $10.2M |
| Bank of America Corp. | $30.9M | $14.0M |
| Wells Fargo & Company | $34.7M | $50K |
| Royal Bank of Canada | $7.5M | $23.9M |
| Cetera Investment Advisers | $5.2M | $25.8M |
| Commonwealth Equity Services, LLC | $2.6M | $22.6M |
| Jones Financial Companies LLLP | $14.5M | $10.6M |
| NewEdge Advisors, LLC | $22.4M | $636K |
| Osaic Holdings, Inc. | $2.8M | $19.8M |
| JPMorgan Chase & Co | $5.4M | $17.3M |
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: SPHB institutional holders, FVAL institutional holders.
Frequently asked questions
How much do SPHB and FVAL overlap?
14.8% by weight, with 20 holdings in common, using holdings for SPHB as of May 31, 2026 and FVAL as of July 31, 2026. The largest shared position is MU.
Do institutions hold both SPHB and FVAL?
57 Form 13F filers report positions in both, out of 272 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%.