ETF and Mutual Fund Analysis

Holdings as of March 31, 2026 (ABALX) and April 30, 2026 (CNWAX)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > ABALX vs CNWAX Holdings as of March 31, 2026 (ABALX) and April 30, 2026 (CNWAX)

ABALX vs CNWAX: Portfolio Overlap

American Balanced Fund vs New World Fund Inc

18.1%
Weighted portfolio overlap
Low Overlap

Low Overlap. The two portfolios have highly distinct allocations: little of the weight sits in the same stocks.

ABALX
174 equity holdings
as of March 31, 2026
CNWAX
408 equity holdings
as of April 30, 2026
62 stocks held in common
Overlap View Venn Diagram
18.1% OVERLAP ABALX CNWAX
Overlapping Holdings
10 Top 10 of 62 shared, by overlap contribution
# Stock ABALX CNWAX Overlap%
1
AVGO
 5.47% 2.21% 2.21%
2
NVDA
 3.25% 1.52% 1.52%
3
SK hynix Inc
 1.19% 4.85% 1.19%
4
MSFT
 3.23% 1.17% 1.17%
5
GOOGL
 2.83% 1.03% 1.03%
6
META
 1.17% 0.93% 0.93%
7
GOOG
 2.32% 0.76% 0.76%
8
Taiwan Semiconductor Manufacturing Co Ltd
 0.65% 10.33% 0.65%
9
KLAC
 0.64% 0.61% 0.61%
10
NESTLE' SA/AG
 0.66% 0.58% 0.58%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in ABALX — American Balanced Fund
StockWeight
CAPITAL GROUP CENTRAL CORPORATE BOND FUND4.55%
Canadian Natural Resources Ltd1.66%
VRTX1.64%
AMGN1.51%
UNP1.49%
Only in CNWAX — New World Fund Inc
StockWeight
Tencent Holdings Ltd2.32%
Samsung Electronics Co Ltd1.94%
International Container Terminal Services Inc.1.18%
Bharti Airtel Ltd1.06%
Contemporary Amperex Technology Co Ltd1.05%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between ABALX and CNWAX?

ABALX (American Balanced Fund) and CNWAX (New World Fund Inc) share 18.1% portfolio overlap as of ABALX's March 31, 2026 filing and CNWAX's April 30, 2026 filing, across 62 common stocks. Overlap is the sum of the smaller weight of each shared stock, so it reads as the share of a dollar that lands on the same companies in both funds.

Do ABALX and CNWAX invest in the same stocks?

Mostly not. Only a small portion of their portfolios overlaps — these funds hold largely different stocks and genuinely diversify each other.

What are the top stocks held by both ABALX and CNWAX?

The most prominent shared holdings (by combined weight) are: AVGO, NVDA, SK hynix Inc. See the full common-holdings table on this page for weights in each fund.

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