DIA vs RGAGX: 19% overlap
SPDR Dow Jones Industrial Average ETF and American Funds Growth Fund of America R6 share 18.6% 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 — RGAGX 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.
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
DIA and RGAGX hold 23 of the same securities. The ten contributing most to the overlap figure:
| Holding | in DIA | in RGAGX | Δ |
|---|---|---|---|
| MSFT | 4.4% | 4.0% | 0.4% |
| GOOGL | 3.6% | 2.9% | 0.7% |
| AMZN | 2.7% | 2.9% | 0.2% |
| NVDA | 2.4% | 6.1% | 3.7% |
| AAPL | 3.7% | 1.8% | 1.9% |
| V | 4.0% | 0.8% | 3.2% |
| BA | 2.4% | 0.5% | 1.9% |
| AMGN | 4.3% | 0.5% | 3.8% |
| CAT | 10.3% | 0.5% | 9.8% |
| CRM | 1.8% | 0.4% | 1.4% |
Where DIA and RGAGX 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 | DIA | RGAGX | Δ |
|---|---|---|---|
| Financials | 28.6% | 6.5% | +22.1pp |
| Information Technology | 15.9% | 30.6% | −14.6pp |
| Communication Services | 4.7% | 13.2% | −8.5pp |
| Industrials | 17.5% | 9.8% | +7.6pp |
| Unclassified | 0.0% | 7.6% | −7.6pp |
| Consumer Discretionary | 9.9% | 12.7% | −2.8pp |
| Health Care | 13.6% | 11.0% | +2.6pp |
| Materials | 3.6% | 1.5% | +2.0pp |
Δ is DIA minus RGAGX, 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
15.5% of DIA by weight, held in no part of RGAGX.
76.5% of RGAGX by weight, held in no part of DIA.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| DIA | RGAGX | |
|---|---|---|
| Top 10 holdings | 56.2% | 36.7% |
| Positions held | 31 | 309 |
| Cost per $10,000 held, per year | $16 | $30 |
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 DIA and RGAGX overlap?
DIA and RGAGX overlap 18.6% by portfolio weight — moderate overlap. They share 23 holdings. The figure comes from current issuer holdings files (DIA as of 2026-07-23, RGAGX as of 2026-02-28).
How is the overlap between DIA and RGAGX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If DIA holds a stock at 6% and RGAGX 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 DIA and RGAGX?
That depends on your goals — we state facts, not advice. At 18.6% overlap, each fund still contributes meaningfully distinct exposure.
What does DIA own that RGAGX doesn't?
DIA holds 31 positions and RGAGX holds 309; 7 of DIA's positions don't appear in RGAGX at all, and they are 15.5% of DIA by weight.
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Related comparisons
Sources: issuer holdings files, DIA as of 2026-07-23, RGAGX as of 2026-02-28. Weights are fractions of each fund. Diagnostics, not advice.