ABALX vs TSPC: 31% overlap
American Funds American Balanced A and TSP C Fund — shown via S&P 500 proxy share 30.8% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 3 months apart — ABALX as of 2026-03-31, the rest through 2026-06-30. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
ABALX and TSPC hold 120 of the same securities. The ten contributing most to the overlap figure:
| Holding | in ABALX | in TSPC | Δ |
|---|---|---|---|
| AVGO | 3.4% | 2.8% | 0.6% |
| NVDA | 2.0% | 7.5% | 5.5% |
| MSFT | 2.0% | 4.3% | 2.3% |
| GOOGL | 1.7% | 3.2% | 1.5% |
| GOOG | 1.4% | 2.6% | 1.2% |
| LLY | 1.3% | 1.5% | 0.1% |
| MU | 1.3% | 2.0% | 0.7% |
| V | 1.0% | 0.9% | 0.2% |
| AMZN | 0.8% | 3.6% | 2.8% |
| META | 0.7% | 1.9% | 1.2% |
Where ABALX and TSPC 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 | TSPC | Δ |
|---|---|---|---|
| Unclassified | 22.7% | 0.0% | +22.7pp |
| Information Technology | 16.0% | 38.0% | −22.0pp |
| Treasuries | 12.3% | 0.0% | +12.3pp |
| Communication Services | 5.1% | 9.7% | −4.6pp |
| Consumer Discretionary | 4.7% | 9.3% | −4.6pp |
| Corporate — industrial & other | 3.6% | 0.0% | +3.6pp |
| Industrials | 6.0% | 8.9% | −3.0pp |
| MBS Pass-Through | 2.7% | 0.0% | +2.7pp |
Δ is ABALX minus TSPC, 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
54.3% of ABALX by weight, held in no part of TSPC.
36.3% of TSPC 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 | TSPC | |
|---|---|---|
| Top 10 holdings | 36.3% | 36.4% |
| Positions held | 1,439 | 505 |
| Cost per $10,000 held, per year | $56 | $5 |
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 TSPC overlap?
ABALX and TSPC overlap 30.8% by portfolio weight — moderate overlap. They share 120 holdings. The figure comes from current issuer holdings files (ABALX as of 2026-03-31, TSPC as of 2026-06-30).
How is the overlap between ABALX and TSPC 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 TSPC 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 TSPC?
That depends on your goals — we state facts, not advice. At 30.8% overlap, each fund still contributes meaningfully distinct exposure.
What does ABALX own that TSPC doesn't?
ABALX holds 1,439 positions and TSPC holds 505; 1,318 of ABALX's positions don't appear in TSPC at all, and they are 54.3% of ABALX by weight.
You probably hold more than two funds
This page compares ABALX and TSPC. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch ABALX vs TSPC
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, ABALX as of 2026-03-31, TSPC as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.