XMVM vs DWAS overlap
XMVM and DWAS overlap 1.4% by weight, across 4 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (XMVM: July 31, 2026, DWAS: May 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 | XMVM | DWAS | Overlap |
|---|---|---|---|
| Ryder System Inc.R | 0.78% | 0.44% | 0.44% |
| Hancock WhitneyHWC | 1.13% | 0.36% | 0.36% |
| Affil ManagersAMG | 0.85% | 0.35% | 0.35% |
| CNX Resources CoCNX | 1.67% | 0.27% | 0.27% |
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: XMVM, SEC Form N-PORT, July 31, 2026; DWAS, SEC Form N-PORT, May 31, 2026.
Largest institutions holding both
| Firm | XMVM | DWAS |
|---|---|---|
| LPL Financial LLC | $44.3M | $20.9M |
| Bank of America Corp. | $44.7M | $18.4M |
| Morgan Stanley | $16.3M | $45.5M |
| Raymond James Financial Inc. | $20.0M | $8.3M |
| Royal Bank of Canada | $5.4M | $16.6M |
| Wells Fargo & Company | $3.2M | $16.7M |
| Northwestern Mutual Wealth Management Co | $12.6M | $1.7M |
| Stifel Financial Corp. | $295K | $12.5M |
| Cambridge Investment Research Advisors, Inc. | $5.1M | $7.0M |
| UBS Group AG | $277K | $10.2M |
| Sanctuary Advisors, LLC | $1.7M | $8.1M |
| Cetera Investment Advisers | $6.5M | $2.4M |
| Osaic Holdings, Inc. | $4.8M | $1.0M |
| Jones Financial Companies LLLP | $4.0M | $146K |
| Commonwealth Equity Services, LLC | $2.0M | $2.1M |
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: XMVM institutional holders, DWAS institutional holders.
Frequently asked questions
How much do XMVM and DWAS overlap?
1.4% by weight, with 4 holdings in common, using holdings for XMVM as of July 31, 2026 and DWAS as of May 31, 2026. The largest shared position is R.
Do institutions hold both XMVM and DWAS?
39 Form 13F filers report positions in both, out of 168 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%.