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9 of 71 unique stocks in common · Jaccard: 12.7%
A weighted portfolio overlap of 17.13% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.13 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 9.99% in ICICI Prudential Nifty Commodities ETF and 7.83% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in Reliance Industries rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in ICICI | in SBI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 9.99% | 7.83% |
| NTPCPower | 7.44% | 1.41% |
| Tata SteelFerrous Metals | 7.31% | 1.38% |
| Hindalco IndustriesNon - Ferrous Metals | 7.05% | 1.33% |
| Ultratech CementCement & Cement Products | 6.50% | 1.23% |
| Grasim IndustriesCement & Cement Products | 6.10% | 1.15% |
| JSW SteelFerrous Metals | 5.88% | 1.11% |
| Coal IndiaConsumable Fuels | 4.61% | 0.87% |
| Oil & Natural Gas CorporationOil | 4.32% | 0.82% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.