ITOT vs RGAGX: 48% overlap

iShares Core S&P Total U.S. Stock Market ETF and American Funds Growth Fund of America R6 share 47.9% 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.

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
47.9%
ITOT expense ratio
0.03%
RGAGX expense ratio
0.30%

Top shared holdings

ITOT and RGAGX hold 244 of the same securities. The ten contributing most to the overlap figure:

Holdingin ITOTin RGAGXΔ
NVDA7.0%6.1%1.0%
MSFT3.9%4.0%0.1%
AMZN3.2%2.9%0.3%
GOOGL2.6%2.9%0.3%
AVGO2.6%4.3%1.7%
GOOG2.1%2.9%0.8%
META1.8%4.2%2.4%
AAPL6.6%1.8%4.7%
MU1.6%1.8%0.2%
LLY1.3%3.3%2.0%

Where ITOT 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.

SectorITOTRGAGXΔ
Unclassified0.0%7.6%7.6pp
Financials12.7%6.5%+6.1pp
Information Technology35.2%30.6%+4.6pp
Communication Services8.7%13.2%4.5pp
Consumer Discretionary8.8%12.7%3.9pp
Consumer Staples4.4%2.4%+2.0pp
Utilities2.2%0.5%+1.7pp
Real Estate2.3%0.6%+1.7pp

Δ is ITOT 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

Only in ITOT
2,195 positions

31.9% of ITOT by weight, held in no part of RGAGX.

Only in RGAGX
64 positions

14.9% of RGAGX by weight, held in no part of ITOT.

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

Concentration and cost

ITOTRGAGX
Top 10 holdings32.7%36.7%
Positions held2,440309
Cost per $10,000 held, per year$3$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 ITOT and RGAGX overlap?

ITOT and RGAGX overlap 47.9% by portfolio weight — moderate overlap. They share 244 holdings. The figure comes from current issuer holdings files (ITOT as of 2026-07-23, RGAGX as of 2026-02-28).

How is the overlap between ITOT and RGAGX calculated?

As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If ITOT 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 ITOT and RGAGX?

That depends on your goals — we state facts, not advice. At 47.9% overlap, each fund still contributes meaningfully distinct exposure.

What does ITOT own that RGAGX doesn't?

ITOT holds 2,440 positions and RGAGX holds 309; 2,195 of ITOT's positions don't appear in RGAGX at all, and they are 31.9% of ITOT by weight.

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Related comparisons

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