MGK vs TSPI: 0% overlap
Vanguard Mega Cap Growth ETF and TSP I Fund — shown via international proxy share 0.5% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
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
MGK and TSPI hold 4 of the same securities. The ten contributing most to the overlap figure:
| Holding | in MGK | in TSPI | Δ |
|---|---|---|---|
| CASH | 0.5% | 2.4% | 1.9% |
| ECL | 0.4% | 0.0% | 0.4% |
| STX | 0.5% | 0.0% | 0.5% |
| INTU | 0.3% | 0.0% | 0.3% |
Where MGK and TSPI 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 | MGK | TSPI | Δ |
|---|---|---|---|
| Information Technology | 58.6% | 20.9% | +37.7pp |
| Financials | 4.0% | 19.7% | −15.7pp |
| Communication Services | 16.2% | 3.3% | +12.9pp |
| Industrials | 2.6% | 13.8% | −11.2pp |
| Unclassified | 0.0% | 9.1% | −9.1pp |
| Materials | 0.4% | 5.2% | −4.8pp |
| Consumer Staples | 0.4% | 4.9% | −4.5pp |
| Consumer Discretionary | 11.2% | 7.5% | +3.7pp |
Δ is MGK minus TSPI, 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
98.3% of MGK by weight, held in no part of TSPI.
97.6% of TSPI by weight, held in no part of MGK.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| MGK | TSPI | |
|---|---|---|
| Top 10 holdings | 63.5% | 16.3% |
| Positions held | 57 | 8,453 |
| Cost per $10,000 held, per year | $5 | $5 |
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 MGK and TSPI overlap?
MGK and TSPI overlap 0.5% by portfolio weight — largely distinct portfolios. They share 4 holdings. The figure comes from current issuer holdings files (MGK as of 2026-06-30, TSPI as of 2026-06-30).
How is the overlap between MGK and TSPI calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If MGK holds a stock at 6% and TSPI 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 MGK and TSPI?
That depends on your goals — we state facts, not advice. At 0.5% overlap, each fund still contributes meaningfully distinct exposure.
What does MGK own that TSPI doesn't?
MGK holds 57 positions and TSPI holds 8,453; 53 of MGK's positions don't appear in TSPI at all, and they are 98.3% of MGK by weight.
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Related comparisons
Sources: issuer holdings files, MGK as of 2026-06-30, TSPI as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.