Analyze ETF Portfolio composition

Many ETF portfolios appear diversified, but often hold the same underlying stocks multiple times. This redundancy concentrates risk instead of reducing it: a handful of large companies can dominate your portfolio without you realizing it. As a result, your returns become overly dependent on the same drivers, while fees and complexity increase without adding real diversification.

True diversification comes from exposure to different assets, sectors, and risk factors-not repeated ownership of the same holdings under different labels.