AGTHX vs IVW: 48% overlap

American Funds Growth Fund of America A and iShares S&P 500 Growth ETF share 48.3% 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 5 months apart — AGTHX as of 2026-02-28, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.

Hold both, 50/50
1.5Effective Funds

You would hold two tickers and get the diversification of 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.

Overlap
48.3%
AGTHX expense ratio
0.61%
IVW expense ratio
0.18%

Top shared holdings

AGTHX and IVW hold 79 of the same securities. The ten contributing most to the overlap figure:

Holdingin AGTHXin IVWΔ
NVDA6.1%14.7%8.6%
AVGO4.3%5.4%1.1%
MSFT4.0%8.2%4.2%
META4.2%3.9%0.4%
GOOG2.9%4.4%1.4%
GOOGL2.9%5.4%2.5%
AMZN2.9%3.5%0.7%
LLY3.3%2.7%0.6%
AAPL1.8%6.9%5.0%
MU1.8%3.2%1.5%

Where AGTHX and IVW 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.

SectorAGTHXIVWΔ
Information Technology30.6%52.5%22.0pp
Unclassified7.6%0.0%+7.6pp
Health Care11.0%6.3%+4.7pp
Consumer Discretionary12.7%8.0%+4.7pp
Industrials9.8%6.6%+3.2pp
Financials6.5%9.2%2.6pp
Energy1.9%0.0%+1.9pp
Communication Services13.2%14.7%1.5pp

Δ is AGTHX minus IVW, 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

Only in AGTHX
229 positions

40.5% of AGTHX by weight, held in no part of IVW.

Only in IVW
69 positions

10.1% of IVW by weight, held in no part of AGTHX.

A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.

Concentration and cost

AGTHXIVW
Top 10 holdings36.7%58.2%
Positions held309149
Cost per $10,000 held, per year$61$18

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 AGTHX and IVW overlap?

AGTHX and IVW overlap 48.3% by portfolio weight — moderate overlap. They share 79 holdings. The figure comes from current issuer holdings files (AGTHX as of 2026-02-28, IVW as of 2026-07-23).

How is the overlap between AGTHX and IVW calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AGTHX holds a stock at 6% and IVW 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 AGTHX and IVW?

That depends on your goals — we state facts, not advice. At 48.3% overlap, each fund still contributes meaningfully distinct exposure.

What does AGTHX own that IVW doesn't?

AGTHX holds 309 positions and IVW holds 149; 229 of AGTHX's positions don't appear in IVW at all, and they are 40.5% of AGTHX by weight.

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Related comparisons

Sources: issuer holdings files, AGTHX as of 2026-02-28, IVW as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.