OM3L vs SML2: fund overlap

ETF comparisons  /  OM3L vs SML2

equity comparison · OM3L 2026-10-09 · SML2 2026-08-28

OM3L vs SML2

iShares MSCI USA ESG Enhanced UCITS ETF - USD (Dist) compared with Invesco S&P 500 UCITS ETF ETFS

These funds provide similar company exposure.OM3L has 90 companies outside the overlap; SML2 has 127.

Do OM3L and SML2 overlap?

OM3L and SML2 overlap by 77.2% by weight, across 373 shared companies.

OM3Lequity

iShares MSCI USA ESG Enhanced UCITS ETF - USD (Dist)

474holdings
0.07%annual fee
Europemarket
Valuation446 companies covered
26.4×P / E96% by weight
5.34×P / B86% by weight
3.8%Earnings yield
OM3L holdings and fund profile
SML2equity

Invesco S&P 500 UCITS ETF ETFS

503holdings
0.05%annual fee
Europemarket
Valuation493 companies covered
26.3×P / E98% by weight
5.15×P / B85% by weight
3.8%Earnings yield
SML2 holdings and fund profile

Price development

Both lines rebased to 0% over their shared dates

Largest shared positions

373 companies held in both funds

OM3L weight SML2 weight
Shared companyOM3L SML2
NVIDIA CORP NVDA
7.90%
7.71%
Apple Inc AAPL
7.59%
6.93%
Microsoft Corp MSFT
5.70%
5.66%
ALPHABET INC GOOGL 2 share classes
5.49%
5.37%
↳ ALPHABET INC-CL A GOOGL2.99%3.03%
↳ ALPHABET INC-CL C GOOG2.50%2.34%
AMAZON.COM INC AMZN
3.89%
3.81%
BROADCOM INC AVGO
2.53%
2.54%
META PLATFORMS INC-CLASS A META
2.36%
1.85%
Micron Technology Inc MU
1.82%
1.56%
TESLA INC TSLA
1.74%
1.46%
JPMorgan Chase & Co JPM
1.70%
1.37%
ELI LILLY & CO LLY
1.44%
1.37%
ADVANCED MICRO DEVICES AMD
1.50%
1.07%
JOHNSON & JOHNSON JNJ
1.49%
0.98%
Visa Inc V
1.23%
0.98%
WALMART INC. WMT
1.14%
0.68%
CISCO SYSTEMS, INC. CSCO
0.95%
0.68%
Mastercard Inc MA
0.83%
0.68%
AbbVie Inc ABBV
0.81%
0.68%
Intel Corp INTC
0.67%
0.68%
Bank of America Corp BAC
0.79%
0.59%
PALANTIR TECHNOLOGIES INC-A PLTR
0.68%
0.59%
Merck & Co Inc MRK
0.57%
0.59%
LAM RESEARCH LRCX
0.56%
0.59%
Costco Wholesale Corp COST
0.55%
0.59%
Applied Materials Inc AMAT
0.52%
0.59%

OM3L and SML2 questions

Based on the holdings compared above

How much do OM3L and SML2 overlap?

OM3L and SML2 overlap by 77.2% by weight, across 373 shared companies.

Which companies do OM3L and SML2 both hold?

The largest companies held in both funds are NVIDIA CORP, Apple Inc, Microsoft Corp, ALPHABET INC, AMAZON.COM INC.

Can I hold both OM3L and SML2?

Holding both means 77.2% of that part of your portfolio is the same companies counted twice. That can suit you or not depending on your goals; this tool reports the overlap rather than giving advice.

Is OM3L or SML2 cheaper?

OM3L has a 0.07% expense ratio and SML2 has 0.05%.

How do OM3L and SML2 compare on valuation?

OM3L has a weighted P/E of 26.4 and SML2 has a weighted P/E of 26.3.

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