USNZ vs MFVL overlap
USNZ and MFVL overlap 3.4% by weight, across 28 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | USNZ | MFVL | Overlap |
|---|---|---|---|
| Walt Disney Co/TDIS | 0.29% | 4.83% | 0.29% |
| Salesforce Inc.CRM | 0.28% | 4.48% | 0.28% |
| CVS Health Corp.CVS | 0.26% | 5.99% | 0.26% |
| Bristol-MYER SQBBMY | 0.25% | 4.74% | 0.25% |
| Booking HoldingsBKNG | 0.22% | 3.59% | 0.22% |
| Fedex Corp.FDX | 0.21% | 4.72% | 0.21% |
| Adobe Inc.ADBE | 0.18% | 4.73% | 0.18% |
| EBAY Inc.EBAY | 0.16% | 1.95% | 0.16% |
| T-Mobile US Inc.TMUS | 0.14% | 4.24% | 0.14% |
| NIKE Inc. -CL BNKE | 0.14% | 2.64% | 0.14% |
| Sysco Corp.SYY | 0.12% | 1.46% | 0.12% |
| DexcomDXCM | 0.12% | 0.74% | 0.12% |
| Biogen Inc.BIIB | 0.12% | 1.24% | 0.12% |
| Airbnb Inc.-aABNB | 0.10% | 2.10% | 0.10% |
| HCA Healthcare IHCA | 0.10% | 3.04% | 0.10% |
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: USNZ, SEC Form N-PORT, May 29, 2026; MFVL, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | USNZ | MFVL |
|---|---|---|
| UBS Group AG | $709 | $682 |
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: USNZ institutional holders, MFVL institutional holders.
Frequently asked questions
How much do USNZ and MFVL overlap?
3.4% by weight, with 28 holdings in common, using holdings for USNZ as of May 29, 2026 and MFVL as of May 31, 2026. The largest shared position is DIS.
Do institutions hold both USNZ and MFVL?
1 Form 13F filers report positions in both, out of 6 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%.