OUSA vs IWLG overlap
OUSA and IWLG overlap 17.3% by weight, across 9 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (OUSA: May 31, 2026, IWLG: 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 | OUSA | IWLG | Overlap |
|---|---|---|---|
| Apple Inc.AAPL | 5.51% | 5.24% | 5.24% |
| Microsoft Corp.MSFT | 4.44% | 5.33% | 4.44% |
| VISA Inc.-Class aV | 4.63% | 2.95% | 2.95% |
| Mastercard Inc.-aMA | 4.14% | 1.48% | 1.48% |
| Caterpillar Inc.CAT | 0.99% | 1.21% | 0.99% |
| Amphenol Corp.-aAPH | 0.95% | 2.04% | 0.95% |
| ELI Lilly & CoLLY | 0.62% | 2.96% | 0.62% |
| META Platforms-aMETA | 0.40% | 2.61% | 0.40% |
| Parker HannifinPH | 0.25% | 1.19% | 0.25% |
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: OUSA, SEC Form N-PORT, May 31, 2026; IWLG, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | OUSA | IWLG |
|---|---|---|
| Envestnet Asset Management Inc. | $3.9M | $97.3M |
| Morgan Stanley | $90.0M | $15K |
| LPL Financial LLC | $30.6M | $278K |
| Royal Bank of Canada | $17.5M | $14K |
| Wells Fargo & Company | $15.3M | $38 |
| Raymond James Financial Inc. | $10.7M | $4.6M |
| Kestra Advisory Services, LLC | $14.5M | $329K |
| Rockefeller Capital Management L.P. | $8.5M | $3.0M |
| Goldman Sachs Group Inc. | $7.2M | $1.4M |
| Kestra Private Wealth Services, LLC | $6.6M | $534K |
| HighTower Advisors, LLC | $510K | $1.8M |
| Jones Financial Companies LLLP | $1.6M | $363K |
| Susquehanna International Group, LLP | $1.3M | $547K |
| Citadel Advisors LLC | $1.0M | $755K |
| JPMorgan Chase & Co | $565K | $118K |
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: OUSA institutional holders, IWLG institutional holders.
Frequently asked questions
How much do OUSA and IWLG overlap?
17.3% by weight, with 9 holdings in common, using holdings for OUSA as of May 31, 2026 and IWLG as of July 31, 2026. The largest shared position is AAPL.
Do institutions hold both OUSA and IWLG?
15 Form 13F filers report positions in both, out of 140 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%.