FXL vs SPHB overlap - what they share and where they differ
FXL and SPHB share 25.0% of their weight across 29 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
FXL and SPHB
25.0%
29 shared positions
FXL
First Trust Technology AlphaDEX Fund
Reported positions cover 100% of the fund, 110 positions · Jul 31, 2026
Top 10: 18.1%·Holdings of FXL
SPHB
Invesco S&P 500 High Beta ETF
Reported positions cover 102% of the fund, 100 positions · May 31, 2026
Top 10: 17.4%·Holdings of SPHB
Reported positions cover FXL 100%, SPHB 102% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
SPHB vs FXL side by side
FXLFirst Trust Technology AlphaDEX Fund
110
stock positions reported to the SEC
73.4% of its weight is in 81 names SPHB does not hold
SPHBInvesco S&P 500 High Beta ETF
100
stock positions reported to the SEC
66.3% of its weight is in 71 names FXL does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: FXL has 41.9 points more of it.
The figures side by side
| FXL | SPHB | |
|---|---|---|
| Filing date | Jul 31, 2026 | May 31, 2026 |
| Stock positions reported | 110 | 100 |
| Weight of the ten largest | 18.1% | 17.4% |
| Largest position | CTSH 2.4% | SNDK 2.2% |
| Held alone | 81 positions, 73.4% | 71 positions, 66.3% |
| Covered by stock positions | 100% | 102% |
Holdings they share
| Stock | In FXL | In SPHB | Counted |
|---|---|---|---|
| DELLDELL TECHNOLOGIES INC | 1.55% | 1.57% | 1.55% |
| AMDADVANCED MICRO DEVICES INC | 1.36% | 1.50% | 1.36% |
| WDCWESTERN DIGITAL CORP | 1.41% | 1.33% | 1.33% |
| DDOGDATADOG INC | 1.36% | 1.28% | 1.28% |
| TERTERADYNE INC | 1.26% | 1.35% | 1.26% |
| MUMICRON TECHNOLOGY INC | 1.18% | 1.92% | 1.18% |
| MPWRMONOLITHIC POWER SYSTEMS INC | 1.37% | 1.16% | 1.16% |
| LRCXLAM RESEARCH CORP | 1.12% | 1.45% | 1.12% |
| SMCISUPER MICRO COMPUTER INC | 0.96% | 1.96% | 0.96% |
| VRTVERTIV HOLDINGS COMPANY | 0.96% | 1.14% | 0.96% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FXL
Only in SPHB
Questions people ask
Is FXL the same as SPHB?
25.0% of their weight sits in the same 29 holdings. FXL also reports CTSH, EPAM, PTC, which the other does not. SPHB also reports HOOD, COIN, UAL, which the other does not.
How is the overlap between FXL and SPHB measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of FXL and 102% of SPHB, so the number cannot exceed the smaller coverage.
Which holds more, SPHB or FXL?
FXL reports 110 stock positions and SPHB reports 100. 73.4% of FXL's weight sits in names SPHB does not hold, and 66.3% of SPHB's weight in names FXL does not hold. The ten largest positions are 18.1% of FXL and 17.4% of SPHB.
How do FXL and SPHB differ by sector?
The widest gap is Technology: FXL has 41.9 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.