FSKAX vs IVE: 52% overlap
Fidelity Total Market Index and iShares S&P 500 Value ETF share 52.2% 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 — FSKAX 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 1.5. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
FSKAX and IVE hold 406 of the same securities. The ten contributing most to the overlap figure:
| Holding | in FSKAX | in IVE | Δ |
|---|---|---|---|
| AAPL | 5.9% | 8.1% | 2.2% |
| AMZN | 3.1% | 3.7% | 0.6% |
| TSLA | 1.7% | 1.2% | 0.5% |
| JPM | 1.2% | 1.0% | 0.2% |
| XOM | 1.0% | 2.2% | 1.3% |
| JNJ | 0.9% | 0.9% | 0.0% |
| WMT | 0.8% | 1.6% | 0.8% |
| V | 0.8% | 0.9% | 0.1% |
| COST | 0.7% | 1.4% | 0.7% |
| ABBV | 0.6% | 0.8% | 0.2% |
Where FSKAX and IVE 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 | FSKAX | IVE | Δ |
|---|---|---|---|
| Information Technology | 29.9% | 19.8% | +10.1pp |
| Communication Services | 9.7% | 2.9% | +6.8pp |
| Unclassified | 4.0% | 0.0% | +4.0pp |
| Financials | 12.2% | 16.1% | −3.9pp |
| Energy | 3.5% | 7.4% | −3.9pp |
| Consumer Staples | 5.1% | 8.7% | −3.6pp |
| Health Care | 9.8% | 12.5% | −2.7pp |
| Utilities | 2.4% | 4.5% | −2.1pp |
Δ is FSKAX minus IVE, 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
46.2% of FSKAX by weight, held in no part of IVE.
5.4% of IVE by weight, held in no part of FSKAX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| FSKAX | IVE | |
|---|---|---|
| Top 10 holdings | 32.1% | 23.7% |
| Positions held | 3,754 | 440 |
| Cost per $10,000 held, per year | $1 | $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 FSKAX and IVE overlap?
FSKAX and IVE overlap 52.2% by portfolio weight — substantial duplication if you hold both. They share 406 holdings. The figure comes from current issuer holdings files (FSKAX as of 2026-02-28, IVE as of 2026-07-23).
How is the overlap between FSKAX and IVE calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If FSKAX holds a stock at 6% and IVE 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 FSKAX and IVE?
That depends on your goals — we state facts, not advice. At 52.2% overlap, each fund still contributes meaningfully distinct exposure.
What does FSKAX own that IVE doesn't?
FSKAX holds 3,754 positions and IVE holds 440; 3,347 of FSKAX's positions don't appear in IVE at all, and they are 46.2% of FSKAX by weight.
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Related comparisons
Sources: issuer holdings files, FSKAX as of 2026-02-28, IVE as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.