TCAF vs ESGU: Holdings Overlap
TCAFT. Rowe Price Capital Appreciation Equity ETF
T. Rowe Price · 92 holdings · $8.3B · as of 2026-03-31
ESGUiShares ESG Aware MSCI USA ETF
iShares · 287 holdings · $18.3B · as of 2026-05-31
Holdings snapshots are 61 days apart (TCAF: 2026-03-31, ESGU: 2026-05-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are TCAF and ESGU?
T. Rowe Price Capital Appreciation Equity ETF (TCAF, by T. Rowe Price) holds 92 positions; iShares ESG Aware MSCI USA ETF (ESGU, by iShares) holds 287. They have 45 holdings in common, and by portfolio weight the two funds are 38.2% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 38.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 45TCAF holds 92 · ESGU holds 287
- Weight in Shared Holdings
- TCAF 70%·ESGU 47%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in TCAF
47 of 92 positions (30.2% of the fund) are not held by ESGU. Showing the top 30 by weight.
Sector Breakdown
| Sector | TCAF | ESGU |
|---|---|---|
| Information Technology | 30.5% | 38.9% |
| Health Care | 17.6% | 8.5% |
| Consumer Discretionary | 12.1% | 9.2% |
| Financials | 7.1% | 11.4% |
| Utilities | 10.2% | 1.9% |
| Other Sectors | 19.1% | 30.0% |
| Unclassified | 3.3% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (3% of TCAF, 0% of ESGU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TCAF | +3.1% | +12.1% | +18.5% | +18.6% | — | — | 0.45% |
| ESGU | +3.3% | +14.3% | +23.8% | +20.9% | +12.2% | — | 0.90% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in TCAF vs ESGU →
Shared Holdings(45)
The top 10 shared positions account for 79% of the overlap, led by AAPL, NVDA and MSFT.
 AAPLApple Inc. COM | 5.95% | 6.83% | 5.95% |
|---|---|---|---|
 NVDANVIDIA Corp. COM | 5.34% | 7.77% | 5.34% |
 MSFTMicrosoft Corp. COM | 7.12% | 4.73% | 4.73% |
 AMZNAmazon.com, Inc. COM | 6.40% | 3.82% | 3.82% |
 AVGOBroadcom Inc COM | 3.08% | 3.07% | 3.07% |
 METAMeta Platforms, Inc., Class A | 3.93% | 1.94% | 1.94% |
 LLYEli Lilly & Co. COM | 1.44% | 1.33% | 1.33% |
 AMDAdvanced Micro Devices Inc. COM | 2.22% | 1.33% | 1.33% |
 GOOGLAlphabet Inc. CAP STK CL A | 4.05% | 1.33% | 1.33% |
 JPMJPMorgan Chase & Co. COM | 1.67% | 1.17% | 1.17% |
 VVisa, Inc., Class A | 1.43% | 0.95% | 0.95% |
 MUMicron Technology Inc. COM | 0.70% | 1.66% | 0.70% |
 MAMasterCard Incorporated CL A | 1.43% | 0.63% | 0.63% |
 GEGeneral Electric Co. | 0.86% | 0.46% | 0.46% |
 UNHUnitedHealth Group Inc. COM | 2.03% | 0.43% | 0.43% |
 SPGIS&P Global Inc COM | 0.53% | 0.38% | 0.38% |
 GILDGilead Sciences Inc. COM | 0.35% | 0.36% | 0.35% |
 NINiSource Inc. COM | 3.19% | 0.33% | 0.33% |
 KLACKLA Corp. COM NEW | 0.56% | 0.30% | 0.30% |
 ANETArista Networks Inc COM SHS | 0.28% | 0.28% | 0.28% |
 COPConocoPhillips COM | 0.35% | 0.25% | 0.25% |
 BLKBlackrock Inc. COM | 0.26% | 0.24% | 0.24% |
 BKNGBooking Holdings Inc COM | 0.35% | 0.22% | 0.22% |
 VLTOVeralto Corp. COM SHS | 0.39% | 0.21% | 0.21% |
 DHRDanaher Corporation COM | 0.83% | 0.20% | 0.20% |
Frequently Asked Questions
How much do TCAF and ESGU overlap?
TCAF and ESGU overlap by 38.2% of portfolio weight. They share 45 holdings (TCAF holds 92 positions and ESGU holds 287), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TCAF and ESGU?
The two portfolios are 38.2% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of TCAF and ESGU?
The largest positions held by both funds are AAPL, NVDA, MSFT, AMZN and AVGO. Together the top 10 shared positions account for 79% of the total overlap.
What does TCAF own that ESGU doesn't?
47 positions (30.2% of TCAF) are unique to TCAF, led by CNP, PTC and BDX. In the other direction, 242 positions (52.4% of ESGU) are unique to ESGU.