MDY vs PRWCX: 0% overlap
SPDR S&P MidCap 400 ETF Trust and T. Rowe Price Capital Appreciation share 0.4% 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 4 months apart — PRWCX as of 2026-03-31, 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 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
MDY and PRWCX hold 2 of the same securities. The ten contributing most to the overlap figure:
| Holding | in MDY | in PRWCX | Δ |
|---|---|---|---|
| CYTK | 0.3% | 0.5% | 0.2% |
| BSY | 0.1% | 0.2% | 0.1% |
Where MDY and PRWCX 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 | MDY | PRWCX | Δ |
|---|---|---|---|
| Industrials | 25.4% | 0.9% | +24.5pp |
| Unclassified | 0.0% | 20.3% | −20.3pp |
| Treasuries | 0.0% | 18.2% | −18.2pp |
| Financials | 14.8% | 2.4% | +12.4pp |
| Real Estate | 6.9% | 0.0% | +6.9pp |
| Materials | 5.4% | 0.0% | +5.4pp |
| Communication Services | 1.5% | 6.7% | −5.2pp |
| Energy | 4.9% | 0.7% | +4.2pp |
Δ is MDY minus PRWCX, 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
98.4% of MDY by weight, held in no part of PRWCX.
93.9% of PRWCX by weight, held in no part of MDY.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| MDY | PRWCX | |
|---|---|---|
| Top 10 holdings | 7.6% | 46.0% |
| Positions held | 400 | 151 |
| Cost per $10,000 held, per year | $23 | $72 |
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 MDY and PRWCX overlap?
MDY and PRWCX overlap 0.4% by portfolio weight — largely distinct portfolios. They share 2 holdings. The figure comes from current issuer holdings files (MDY as of 2026-07-23, PRWCX as of 2026-03-31).
How is the overlap between MDY and PRWCX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If MDY holds a stock at 6% and PRWCX 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 MDY and PRWCX?
That depends on your goals — we state facts, not advice. At 0.4% overlap, each fund still contributes meaningfully distinct exposure.
What does MDY own that PRWCX doesn't?
MDY holds 400 positions and PRWCX holds 151; 397 of MDY's positions don't appear in PRWCX at all, and they are 98.4% of MDY by weight.
You probably hold more than two funds
This page compares MDY and PRWCX. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
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Related comparisons
Sources: issuer holdings files, MDY as of 2026-07-23, PRWCX as of 2026-03-31. Weights are fractions of each fund. Diagnostics, not advice.