XSHQ vs FNK overlap
XSHQ and FNK overlap 4.5% by weight, across 9 shared holdings.
Pick 2 to 4 ETFs.
These funds report on different dates (XSHQ: May 31, 2026, FNK: 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 | XSHQ | FNK | Overlap |
|---|---|---|---|
| Radian Group Inc.RDN | 1.07% | 0.74% | 0.74% |
| Lincoln NATL CRPLNC | 1.59% | 0.73% | 0.73% |
| Magnolia Oil-aMGY | 1.16% | 0.71% | 0.71% |
| Mercury GEN Corp.MCY | 0.79% | 0.71% | 0.71% |
| Matson Inc.MATX | 1.27% | 0.60% | 0.60% |
| Enact Holdings IACT | 0.30% | 0.74% | 0.30% |
| Mueller Water-aMWA | 1.04% | 0.28% | 0.28% |
| Champion Homes ISKY | 1.04% | 0.26% | 0.26% |
| Franklin ELEC CoFELE | 0.94% | 0.14% | 0.14% |
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: XSHQ, SEC Form N-PORT, May 31, 2026; FNK, SEC Form N-PORT, July 31, 2026.
Largest institutions holding both
| Firm | XSHQ | FNK |
|---|---|---|
| LPL Financial LLC | $30.1M | $8.8M |
| Morgan Stanley | $3.9M | $15.3M |
| Wells Fargo & Company | $34 | $16.0M |
| Cetera Investment Advisers | $2.1M | $8.0M |
| Raymond James Financial Inc. | $5.0M | $3.3M |
| Northwestern Mutual Wealth Management Co | $7.4M | $79K |
| Jones Financial Companies LLLP | $3.2M | $2.6M |
| Kingsview Wealth Management, LLC | $314K | $3.9M |
| Equitable Holdings, Inc. | $2.7M | $1.3M |
| Osaic Holdings, Inc. | $947K | $2.8M |
| Cambridge Investment Research Advisors, Inc. | $1.6M | $2.1M |
| Royal Bank of Canada | $748K | $1.0M |
| Envestnet Asset Management Inc. | $918K | $266K |
| Geneos Wealth Management Inc. | $39K | $147K |
| Rockefeller Capital Management L.P. | $3K | $160K |
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: XSHQ institutional holders, FNK institutional holders.
Frequently asked questions
How much do XSHQ and FNK overlap?
4.5% by weight, with 9 holdings in common, using holdings for XSHQ as of May 31, 2026 and FNK as of July 31, 2026. The largest shared position is RDN.
Do institutions hold both XSHQ and FNK?
18 Form 13F filers report positions in both, out of 115 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%.