ETF and Mutual Fund Analysis

Holdings as of May 31, 2026 (FSKAX) and April 30, 2026 (SWPPX)

ETF and Mutual Fund Analysis

Overlap, Comparison, and Diversification for Your Portfolio

Home > Compare > FSKAX vs SWPPX Holdings as of May 31, 2026 (FSKAX) and April 30, 2026 (SWPPX)

FSKAX vs SWPPX: Portfolio Overlap

Fidelity Total Market Index Fund vs Schwab S&P 500 Index Fund

87.0%
Weighted portfolio overlap
Very High Overlap

The two portfolios are structurally near-identical: most of the weight sits in the same stocks, so holding both concentrates rather than spreads capital. The tier describes what the data shows, not what to do about it.

FSKAX
3735 equity holdings
as of May 31, 2026
SWPPX
501 equity holdings
as of April 30, 2026
499 stocks held in common
Overlap View Venn Diagram
87.0% OVERLAP FSKAX SWPPX
Overlapping Holdings
10 Top 10 of 499 shared, by overlap contribution
# Stock FSKAX SWPPX Overlap%
1
NVDA
 7.01% 7.85% 7.01%
2
AAPL
 6.26% 6.45% 6.26%
3
MSFT
 4.57% 4.90% 4.57%
4
AMZN
 3.61% 4.19% 3.61%
5
GOOGL
 3.03% 3.63% 3.03%
6
AVGO
 2.89% 3.21% 2.89%
7
GOOG
 2.40% 2.89% 2.40%
8
META
 1.89% 2.17% 1.89%
9
TSLA
 1.67% 1.74% 1.67%
10
LLY
 1.20% 1.20% 1.20%
Most Divergent Holdings Stocks held by one fund but absent from the other
Only in FSKAX — Fidelity Total Market Index Fund
StockWeight
MRVL0.24%
SNOW0.12%
NET0.10%
BE0.10%
RKLB0.09%
Only in SWPPX — Schwab S&P 500 Index Fund
StockWeight
CCL0.05%
CTRA0.04%

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Frequently Asked Questions (FAQs)
What is the portfolio overlap between FSKAX and SWPPX?

FSKAX (Fidelity Total Market Index Fund) and SWPPX (Schwab S&P 500 Index Fund) share 87.0% portfolio overlap as of FSKAX's May 31, 2026 filing and SWPPX's April 30, 2026 filing, across 499 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 FSKAX and SWPPX invest in the same stocks?

Almost entirely. These funds hold nearly identical portfolios and offer little differentiation between them.

What are the top stocks held by both FSKAX and SWPPX?

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

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