FXAIX vs PRGFX: 46% overlap

Fidelity 500 Index and T. Rowe Price Growth Stock share 45.7% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.

Different holding dates. These holdings were published 31 days apart — FXAIX as of 2026-02-28, the rest through 2026-03-31. 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
45.7%
FXAIX expense ratio
0.01%
PRGFX expense ratio
0.64%

Top shared holdings

FXAIX and PRGFX hold 49 of the same securities. The ten contributing most to the overlap figure:

Holdingin FXAIXin PRGFXΔ
NVDA7.3%13.8%6.5%
AAPL6.6%11.1%4.4%
MSFT5.0%9.1%4.1%
AMZN3.5%4.9%1.4%
GOOGL3.1%7.0%3.9%
AVGO2.6%5.1%2.6%
META2.4%3.9%1.5%
TSLA1.9%2.7%0.8%
LLY1.4%3.0%1.5%
V0.9%2.3%1.4%

Where FXAIX and PRGFX 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.

SectorFXAIXPRGFXΔ
Information Technology31.8%48.2%16.4pp
Financials12.0%5.1%+6.9pp
Consumer Staples5.4%0.8%+4.5pp
Cash & Other0.0%3.5%3.5pp
Energy3.4%0.0%+3.4pp
Health Care9.6%6.5%+3.1pp
Industrials8.3%5.6%+2.8pp
Communication Services10.5%13.1%2.6pp

Δ is FXAIX minus PRGFX, 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 FXAIX
456 positions

54.1% of FXAIX by weight, held in no part of PRGFX.

Only in PRGFX
29 positions

7.7% of PRGFX by weight, held in no part of FXAIX.

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

Concentration and cost

FXAIXPRGFX
Top 10 holdings36.4%62.8%
Positions held50679
Cost per $10,000 held, per year$1$64

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 FXAIX and PRGFX overlap?

FXAIX and PRGFX overlap 45.7% by portfolio weight — moderate overlap. They share 49 holdings. The figure comes from current issuer holdings files (FXAIX as of 2026-02-28, PRGFX as of 2026-03-31).

How is the overlap between FXAIX and PRGFX calculated?

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

That depends on your goals — we state facts, not advice. At 45.7% overlap, each fund still contributes meaningfully distinct exposure.

What does FXAIX own that PRGFX doesn't?

FXAIX holds 506 positions and PRGFX holds 79; 456 of FXAIX's positions don't appear in PRGFX at all, and they are 54.1% of FXAIX by weight.

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Related comparisons

Sources: issuer holdings files, FXAIX as of 2026-02-28, PRGFX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.