ABALX vs PRWCX: 16% overlap
American Funds American Balanced A and T. Rowe Price Capital Appreciation share 15.7% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.8. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ABALX and PRWCX hold 26 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ABALX | in PRWCX | Δ |
|---|---|---|---|
| NVDA | 2.0% | 3.0% | 1.0% |
| MSFT | 2.0% | 4.2% | 2.3% |
| AVGO | 3.4% | 1.8% | 1.6% |
| GOOGL | 1.7% | 2.3% | 0.5% |
| SBUX | 1.0% | 1.1% | 0.1% |
| LLY | 1.3% | 0.8% | 0.5% |
| AMZN | 0.8% | 4.8% | 4.0% |
| UNH | 0.9% | 0.8% | 0.1% |
| META | 0.7% | 3.7% | 3.0% |
| V | 1.0% | 0.7% | 0.4% |
Where ABALX and PRWCX differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | ABALX | PRWCX | Δ |
|---|---|---|---|
| Financials | 8.9% | 2.4% | +6.5pp |
| Treasuries | 12.3% | 18.2% | −5.9pp |
| Health Care | 6.7% | 12.2% | −5.5pp |
| Utilities | 1.9% | 7.1% | −5.2pp |
| Industrials | 6.0% | 0.9% | +5.1pp |
| Cash & Other | -0.0% | 5.0% | −5.1pp |
| Consumer Staples | 4.4% | 0.6% | +3.8pp |
| Corporate — industrial & other | 3.6% | 0.7% | +2.9pp |
Δ is ABALX minus PRWCX, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
80.6% of ABALX by weight, held in no part of PRWCX.
58.9% of PRWCX by weight, held in no part of ABALX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| ABALX | PRWCX | |
|---|---|---|
| Top 10 holdings | 36.3% | 46.0% |
| Positions held | 1,439 | 151 |
| Cost per $10,000 held, per year | $56 | $72 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do ABALX and PRWCX overlap?
ABALX and PRWCX overlap 15.7% by portfolio weight — moderate overlap. They share 26 holdings. The figure comes from current issuer holdings files (ABALX as of 2026-03-31, PRWCX as of 2026-03-31).
How is the overlap between ABALX and PRWCX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ABALX holds a stock at 6% and PRWCX holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both ABALX and PRWCX?
That depends on your goals — we state facts, not advice. At 15.7% overlap, each fund still contributes meaningfully distinct exposure.
What does ABALX own that PRWCX doesn't?
ABALX holds 1,439 positions and PRWCX holds 151; 1,412 of ABALX's positions don't appear in PRWCX at all, and they are 80.6% of ABALX by weight.
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Related comparisons
Sources: issuer holdings files, ABALX as of 2026-03-31, PRWCX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.