PRGFX vs SWPPX: 47% overlap
T. Rowe Price Growth Stock and Schwab S&P 500 Index share 47.1% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published 30 days apart — PRGFX as of 2026-03-31, the rest through 2026-04-30. 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
PRGFX and SWPPX hold 50 of the same securities. The ten contributing most to the overlap figure:
| Holding | in PRGFX | in SWPPX | Δ |
|---|---|---|---|
| NVDA | 13.8% | 7.8% | 6.0% |
| AAPL | 11.1% | 6.4% | 4.7% |
| MSFT | 9.1% | 4.9% | 4.2% |
| AMZN | 4.9% | 4.2% | 0.7% |
| GOOGL | 7.0% | 3.6% | 3.4% |
| AVGO | 5.1% | 3.2% | 1.9% |
| META | 3.9% | 2.2% | 1.7% |
| TSLA | 2.7% | 1.7% | 1.0% |
| LLY | 3.0% | 1.2% | 1.8% |
| AMD | 1.1% | 0.9% | 0.2% |
Where PRGFX and SWPPX 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 | PRGFX | SWPPX | Δ |
|---|---|---|---|
| Information Technology | 48.2% | 34.2% | +14.0pp |
| Financials | 5.1% | 11.5% | −6.5pp |
| Consumer Staples | 0.8% | 4.9% | −4.1pp |
| Cash & Other | 3.5% | 0.0% | +3.5pp |
| Energy | 0.0% | 3.4% | −3.4pp |
| Unclassified | 5.9% | 2.8% | +3.1pp |
| Industrials | 5.6% | 8.1% | −2.6pp |
| Utilities | 0.0% | 2.3% | −2.3pp |
Δ is PRGFX minus SWPPX, 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
7.2% of PRGFX by weight, held in no part of SWPPX.
52.0% of SWPPX by weight, held in no part of PRGFX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| PRGFX | SWPPX | |
|---|---|---|
| Top 10 holdings | 62.8% | 38.3% |
| Positions held | 79 | 503 |
| Cost per $10,000 held, per year | $64 | $2 |
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 PRGFX and SWPPX overlap?
PRGFX and SWPPX overlap 47.1% by portfolio weight — moderate overlap. They share 50 holdings. The figure comes from current issuer holdings files (PRGFX as of 2026-03-31, SWPPX as of 2026-04-30).
How is the overlap between PRGFX and SWPPX calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If PRGFX holds a stock at 6% and SWPPX 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 PRGFX and SWPPX?
That depends on your goals — we state facts, not advice. At 47.1% overlap, each fund still contributes meaningfully distinct exposure.
What does PRGFX own that SWPPX doesn't?
PRGFX holds 79 positions and SWPPX holds 503; 28 of PRGFX's positions don't appear in SWPPX at all, and they are 7.2% of PRGFX by weight.
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Related comparisons
Sources: issuer holdings files, PRGFX as of 2026-03-31, SWPPX as of 2026-04-30. Weights are fractions of each fund. Diagnostics, not advice.