SMIN vs DFSE overlap
SMIN and DFSE overlap 3.6% by weight, across 275 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (SMIN: May 31, 2026, DFSE: 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 | SMIN | DFSE | Overlap |
|---|---|---|---|
| Coforge Ltd.COFORGE | 1.33% | 0.13% | 0.13% |
| KEI Indus Ltd.KEII | 0.96% | 0.07% | 0.07% |
| Redington Ltd.REDI | 0.39% | 0.07% | 0.07% |
| Glenmark PharmaGNP | 1.03% | 0.07% | 0.07% |
| APAR IndustriesAPR | 0.70% | 0.07% | 0.07% |
| Angel One Ltd.ANGELON | 0.45% | 0.06% | 0.06% |
| FED Bank Ltd.FB | 1.54% | 0.06% | 0.06% |
| Kirloskar Oil ENKOEL | 0.45% | 0.06% | 0.06% |
| Bandhan Bank Ltd.BANDHAN | 0.48% | 0.05% | 0.05% |
| Nippon Life INDINAM | 0.51% | 0.05% | 0.05% |
| 360 One WAM Ltd.360ONE | 0.72% | 0.04% | 0.04% |
| Computer AGE MANCAMS | 0.55% | 0.04% | 0.04% |
| Max Financial SEMAXF | 1.35% | 0.04% | 0.04% |
| Narayana HrudayaNARH | 0.39% | 0.04% | 0.04% |
| Ajanta PharmaAJP | 0.37% | 0.04% | 0.04% |
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: SMIN, SEC Form N-PORT, May 31, 2026; DFSE, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | SMIN | DFSE |
|---|---|---|
| LPL Financial LLC | $76.1M | $715K |
| Goldman Sachs Group Inc. | $22.0M | $2.9M |
| Morgan Stanley | $19.7M | $1K |
| OneDigital Investment Advisors LLC | $396K | $3.3M |
| Perigon Wealth Management, LLC | $213K | $2.9M |
| HighTower Advisors, LLC | $1.2M | $1.1M |
| Envestnet Asset Management Inc. | $1.5M | $314K |
| Royal Bank of Canada | $1.4M | $137K |
| Harbour Investments, Inc. | $3K | $946K |
| Commonwealth Equity Services, LLC | $235K | $579K |
| Creative Planning | $540K | $233K |
| Captrust Financial Advisors | $399K | $343K |
| Farther Finance Advisors, LLC | $20K | $670K |
| NewEdge Advisors, LLC | $27K | $531K |
| Osaic Holdings, Inc. | $217K | $152K |
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: SMIN institutional holders, DFSE institutional holders.
Frequently asked questions
How much do SMIN and DFSE overlap?
3.6% by weight, with 275 holdings in common, using holdings for SMIN as of May 31, 2026 and DFSE as of July 31, 2026. The largest shared position is COFORGE.
Do institutions hold both SMIN and DFSE?
21 Form 13F filers report positions in both, out of 279 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%.