https://www.etfinfo.tw/_nuxt/sY7kZXtu.js

1import{d as M,a as V,b as O,c as U,e as o,f as t,g as s,w as d,t as n,F as u,j as p,k as W,_ as j,o as i,h as m,ac as v,n as z,q as G}from"./DgKpLXVQ.js";import{h as K}from"./CYOVbduM.js";import{u as J,_ as Q,a as X,b as Y}from"./Dh-Yx1pW.js";import{_ as Z}from"./D-MEO90U.js";import{u as tt}from"./D5Ovz3xT.js";import{u as lt}from"./5Z5gUUT_.js";import"./UlDROtj0.js";import"./BG0HJo5R.js";const et={class:"shell article-shell"},nt={class:"article"},st={class:"article-header"},at={class:"article-body"},ot={id:"snapshot",class:"overlap-hero-panel","aria-labelledby":"snapshot-title"},it={class:"kpi-grid","aria-label":"0056 00878 00919 重疊摘要"},rt={class:"pair-chart",role:"img","aria-label":"0056 00878 00919 兩兩重疊率長條圖"},dt={class:"pair-row-head"},ut={class:"pair-bar-track"},pt={class:"full-shared-chart","aria-label":"三檔共同持股在各 ETF 內的權重"},mt={class:"shared-exposure-track"},gt={class:"table-wrap overlap-table-wrap"},ct={class:"stock-cell"},Tt={key:0},bt={class:"cell-number"},Et={class:"weight-cell"},ht={class:"industry-list","aria-label":"共同產業權重"},vt={class:"industry-head"},ft={class:"industry-track"},yt={class:"workflow-panel"},Ft={class:"link-row"},kt={class:"cta-inline"},_t={id:"faq"},k="/blog/high-dividend-etf-overlap",b="0056、00878、00919 高股息 ETF 重疊度數據整理",f="用 0056、00878、00919 的持股快照整理高股息 ETF 共同持股、兩兩重疊率、共同產業與自查流程，協助檢查多檔 ETF 是否真的分散。",A="2026-05-14",B="2026-07-03",a="2026-07-02",wt=66.34,xt=47.83,At=13.23,Bt=34.71,St=M({__name:"high-dividend-etf-overlap",setup(Dt){const E=["0056","00878","00919"],y=V().origin,_=`${y}${k}`;O({title:`${b} | ETF資訊網`,description:f,ogTitle:b,ogDescription:f,ogType:"article",ogUrl:_,ogImage:`${y}/og/default.png`,ogLocale:"zh_TW",articlePublishedTime:A,articleModifiedTime:B,articleAuthor:["ETF資訊網"],articleSection:"ETF 資料整理",articleTag:["0056","00878","00919","高股息 ETF","ETF 重疊度","共同持股"],twitterCard:"summary_large_image",twitterTitle:b,twitterDescription:f,twitterImage:`${y}/og/default.png`}),U({link:[{key:"canonical",rel:"canonical",href:_}]}),J({title:b,description:f,datePublished:A,dateModified:B,path:k}),tt([{name:"首頁",href:"/"},{name:"Blog",href:"/blog"},{name:b,href:k}]);const S={"0056":"元大高股息","00878":"國泰永續高股息","00919":"群益台灣精選高息"},F={sharedByTwo:32,sharedByAll:8,totalEligible:120},w=[{key:"0056-00878",a:"0056",b:"00878",label:"0056 vs 00878",path:"/compare/0056-vs-00878",count:22,exposureA:57.24,exposureB:75.44,avg:66.34},{key:"00878-00919",a:"00878",b:"00919",label:"00878 vs 00919",path:"/compare/00878-vs-00919",count:12,exposureA:51.17,exposureB:76.01,avg:63.59},{key:"0056-00919",a:"0056",b:"00919",label:"0056 vs 00919",path:"/compare/0056-vs-00919",count:14,exposureA:29.23,exposureB:57.27,avg:43.25}],D=[{code:"0056",exposure:22.64},{code:"00878",exposure:39.3},{code:"00919",exposure:47.83}],I=[{code:"2382",name:"廣達",industry:"電腦及週邊設備業",appearances:3,weights:{"0056":4.37,"00878":10.21,"00919":12.08}},{code:"2891",name:"中信金",industry:"金融保險業",appearances:3,weights:{"0056":4.3,"00878":10.25,"00919":11.6}},{code:"2887",name:"台新新光金",industry:"金融保險業",appearances:3,weights:{"0056":2.02,"00878":3.08,"00919":7.1}},{code:"2357",name:"華碩",industry:"電腦及週邊設備業",appearances:3,weights:{"0056":3.15,"00878":4.21,"00919":4.29}},{code:"2379",name:"瑞昱",industry:"半導體業",appearances:3,weights:{"0056":2.83,"00878":3.42,"00919":3.43}},{code:"2603",name:"長榮",industry:"航運業",appearances:3,weights:{"0056":2.36,"00878":3.41,"00919":3.48}},{code:"3034",name:"聯詠",industry:"半導體業",appearances:3,weights:{"0056":2.1,"00878":2.74,"00919":3.8}},{code:"2618",name:"長榮航",industry:"航運業",appearances:3,weights:{"0056":1.51,"00878":1.98,"00919":2.05}},{code:"2882",name:"國泰金",industry:"金融保險業",appearances:2,weights:{"00878":5.74,"00919":11.66}},{code:"2881",name:"富邦金",industry:"金融保險業",appearances:2,weights:{"00878"

1:2.62,"00919":13.23}}],$=[{name:"金融保險業",avg:34.71,weights:{"0056":25.15,"00878":30.6,"00919":48.38}},{name:"電腦及週邊設備業",avg:20.62,weights:{"0056":20.43,"00878":22.61,"00919":18.81}},{name:"半導體業",avg:17.69,weights:{"0056":24.37,"00878":20.94,"00919":7.77}},{name:"航運業",avg:5.35,weights:{"0056":4.24,"00878":5.39,"00919":6.43}},{name:"通信網路業",avg:4.17,weights:{"0056":5.2,"00878":7.32}},{name:"電子零組件業",avg:2.22,weights:{"0056":2.76,"00878":2.79,"00919":1.1}}],x=`/portfolio?codes=${E.join(",")}&shares=1,1,1`,q=`/ranking/stock/intersection?codes=${E.join(",")}`;function g(r,l=1){return r==null||!Number.isFinite(r)?"—":`${r.toFixed(l)}%`}function h(r,l){return r==null||r<=0?"0%":`${Math.max(4,Math.min(100,r/l*100))}%`}const P=lt([{question:"0056、00878、00919 重疊高代表什麼？",answer:"重疊高代表多檔 ETF 同時持有相同股票或相同產業，投組實際曝險可能比 ETF 檔數看起來更集中。這是資料描述，不等於個別 ETF 的優劣判斷。"},{question:"共同持股越多就越分散嗎？",answer:"未必。共同持股檔數只是一個面向，權重更重要。若共同股票剛好都是大權重部位，即使共同檔數不多，也可能形成較高資金重疊。"},{question:"高股息 ETF 重疊高就不好嗎？",answer:"本文不判斷好壞。重疊高表示配置方向接近；若投資人原本期待多檔 ETF 能降低單一股票或產業集中度，就需要進一步檢查實際持股權重。"},{question:"要怎麼查自己的 ETF 組合重疊？",answer:"可以先用 ETF 比較頁查看兩兩共同持股，再用投組試算把實際張數輸入，觀察合併後前十大股票、產業分布與配息月份。"}]);return(r,l)=>{const c=j,C=K,R=X,L=Z,N=Y,H=Q;return i(),o("div",et,[t("article",nt,[t("header",st,[s(c,{to:"/blog",class:"back-link"},{default:d(()=>[...l[0]||(l[0]=[m("← ETF 互動專題",-1)])]),_:1}),s(C,{slug:"high-dividend-etf-overlap"}),t("h1",null,n(b)),t("p",{class:"article-meta muted"},"2026-05-14 · ETF資訊網 · 資料快照："+n(a))]),t("div",at,[l[25]||(l[25]=t("p",null,"很多人同時持有 0056、00878、00919，是因為三檔名稱、指數規則、配息節奏都不一樣，直覺上看起來像是把高股息 ETF 分散成三份。",-1)),t("p",null,"但 ETF 的分散程度不是看買了幾檔，而是看背後股票是否重複、共同股票各占多少權重，以及產業是否集中。這篇用本站 "+n(a)+" 持股快照，把三檔高股息 ETF 的重疊度攤開看一次。"),s(R,{title:"本文目錄",items:[{id:"snapshot",label:"資料快照與結論先看"},{id:"pair-overlap",label:"三檔兩兩重疊率"},{id:"common-holdings",label:"共同持股前十"},{id:"industry-overlap",label:"共同產業曝險"},{id:"interpretation",label:"怎麼解讀這些數字"},{id:"how-to-check",label:"用本站工具自己查"},{id:"faq",label:"常見問題"}]}),t("section",ot,[t("div",null,[l[1]||(l[1]=t("p",{class:"panel-kicker"},"DATA SNAPSHOT",-1)),l[2]||(l[2]=t("h2",{id:"snapshot-title"},"三檔買在一起，重點是共同股票占了多少權重",-1)),t("p",null,"下方數據取自本站 ETF 持股重疊分析的 "+n(a)+" 快照。若三檔 ETF 同時持有同一批股票，市場波動、產業變化或配息來源就可能一起反映在多檔 ETF 上。"),t("p",{class:"snapshot-note muted"},"資料快照："+n(a)+"；最新數值可隨時用文末的比較工具與投組試算查看。")]),t("div",it,[t("article",null,[l[3]||(l[3]=t("span",null,"至少兩檔共同持股",-1)),t("strong",null,n(F.sharedByTwo),1),l[4]||(l[4]=t("small",null,"檔股票",-1))]),t("article",null,[l[5]||(l[5]=t("span",null,"三檔共同持股",-1)),t("strong",null,n(F.sharedByAll),1),l[6]||(l[6]=t("small",null,"檔股票",-1))]),t("article",null,[l[7]||(l[7]=t("span",null,"可分析持股合計",-1)),t("strong",null,n(F.totalEligible),1),l[8]||(l[8]=t("small",null,"檔次",-1))])])]),t("p",null,"先把結論定格在 "+n(a)+"：0056 與 00878 有 22 檔共同持股，平均權重重疊率 66.3%；00878 與 00919 為 63.6%；最不像的 0056 與 00919 也有 43.3%。也就是說，任兩檔之間至少四成、最多三分之二的資金方向是重複的——「買三檔」在持股層面比較接近「買一檔半」，而不是三份互相獨立的配置。"),l[26]||(l[26]=t("h2",{id:"pair-overlap"}

1,"三檔兩兩重疊率：先看哪兩檔最像",-1)),l[27]||(l[27]=t("p",null,"兩兩重疊率用「共同持股在兩檔 ETF 內的平均權重」表示。它不是好壞分數，而是衡量兩檔 ETF 配置相似度的描述性指標。",-1)),t("div",rt,[(i(),o(u,null,p(w,e=>t("article",{key:e.key,class:"pair-row"},[t("div",dt,[t("div",null,[t("strong",null,n(e.label),1),t("span",null,n(e.count)+" 檔共同持股",1)]),t("b",null,n(g(e.avg)),1)]),t("div",ut,[t("i",{style:v({width:h(e.avg,wt)})},null,4)]),t("p",null,n(e.a)+" 共同股占 "+n(g(e.exposureA))+"，"+n(e.b)+" 共同股占 "+n(g(e.exposureB))+"。",1)])),64))]),t("p",{class:"chart-caption muted"},"資料日期："+n(a)+"。兩兩重疊率 = 共同持股在兩檔 ETF 內權重加總後取平均。"),l[28]||(l[28]=t("p",null,"這裡有明顯的不對稱性：22 檔共同持股占 00878 淨值 75.4%，占 0056 則是 57.2%。00878 只持有約 30 檔股票，其中四分之三的部位和 0056 重疊——對同時持有這兩檔的人來說，第二檔帶來的「新東西」其實不多。",-1)),l[29]||(l[29]=t("h2",{id:"common-holdings"},"共同持股前十：看重複的是哪些股票",-1)),t("p",null,"只知道「重疊率高」還不夠，還要看重疊的是哪些股票。以 "+n(a)+" 快照，三檔同時持有的 8 檔股票，合計占 00919 淨值 47.8%、00878 的 39.3%、0056 的 22.6%——光是這 8 檔共同股票，就吃掉 00919 近一半的部位。"),t("div",pt,[(i(),o(u,null,p(D,e=>t("article",{key:e.code},[t("div",null,[t("strong",null,n(e.code),1),t("span",null,n(S[e.code]),1)]),t("div",mt,[t("i",{style:v({width:h(e.exposure,xt)})},n(g(e.exposure)),5)]),t("small",null,"三檔共同股票占 "+n(e.code)+" 持股權重合計",1)])),64))]),t("p",{class:"chart-caption muted"},"資料日期："+n(a)+"。此圖只計入三檔 ETF 都共同持有的股票。"),t("div",gt,[t("table",null,[t("thead",null,[t("tr",null,[l[9]||(l[9]=t("th",null,"股票",-1)),l[10]||(l[10]=t("th",{class:"cell-number"},"出現檔數",-1)),(i(),o(u,null,p(E,e=>t("th",{key:e,class:"cell-number"},n(e)+" 權重",1)),64))])]),t("tbody",null,[(i(),o(u,null,p(I,e=>t("tr",{key:e.code},[t("td",null,[t("div",ct,[s(c,{to:`/stock/${e.code}`,target:"_blank",rel:"noopener"},{default:d(()=>[m(n(e.code),1)]),_:2},1032,["to"]),t("span",null,n(e.name),1),e.industry?(i(),o("small",Tt,n(e.industry),1)):z("",!0)])]),t("td",bt,n(e.appearances),1),(i(),o(u,null,p(E,T=>t("td",{key:T,class:"cell-number"},[t("div",Et,[t("span",null,n(g(e.weights[T])),1),t("i",{style:v({width:h(e.weights[T],At)})},null,4)])])),64))])),64))])])]),t("p",{class:"chart-caption muted"},"資料日期："+n(a)+"。表格優先列出三檔共同持股；若不足十檔，補列至少兩檔共同持有的股票。"),l[30]||(l[30]=t("p",null,"表格裡還有一個明顯事實：廣達同時是 00919 的 12.1%、00878 的 10.2%；中信金在兩檔的權重也都超過一成。當這幾檔股票波動時，三檔 ETF 會一起反映，這就是重疊在日常盤面上的樣子。",-1)),l[31]||(l[31]=t("h2",{id:"industry-overlap"},"共同產業曝險：股票不同，也可能吃同一個產業波動",-1)),l[32]||(l[32]=t("p",null,"有些 ETF 持股不完全相同，但如果共同偏向金融、半導體、電子零組件等產業，淨值仍可能受到相近因素影響。產業重疊是共同持股之外的第二層檢查。以本次快照，金融保險業占 00919 高達 48.4%、00878 的 30.6%、0056 的 25.2%——三檔平均超過三分之一的部位在同一個產業上。",-1)),t("div",ht,[(i(),o(u,null,p($,e=>t("article",{key:e.name},[t("div",vt,[t("strong",null,n(e.name),1),t("span",null,"三檔平均 "+n(g(e.avg)),1)]),t("div",ft,[t("i",{style:v({width:h(e.avg,Bt)})},null,4)]),t("p",null,[(i(),o(u,null,p(E,T=>t("span",{key:T},n(T)+" "+n(g(e.weights[T])),1)),64))])])),64))]),t("p",{class:"chart-caption muted"},"資料日期："+n(a)+"。產業分類由本站依個股資料重新彙整，與投信公告分類可能有欄位差異。"),l[33]||(l[33]=t("h2",{id:"interpretation"},"怎麼解讀：重疊代表「方向接近」，不是結論",-1)),l[34]||(l[34]=t("p",null,"看到高重疊，第一個解讀不是「好」或「不好」，而是這幾檔 ETF 的配置方向接近。若你原本就是想集中在高股息分類、金融股或大型權值股，重疊只是把這件事量化。",-1)),l[35]||(l[35]=t("p",null,"真正容易誤會的是「以為自己很分散」。以這次的數字來說，同時持有 0056 和 00878 的人，兩檔之間有大約三分之二的權重買在同一批股票上；三檔都買的人，光 8 檔共同股票就佔了各 ETF 兩成到近五成的部位。這些股票漲跌會同時影響多檔淨值，共同產業（尤其金融保險）的景氣變化也可能同步反映，配息來源也有一部分是同一批公司。",-1)),l[36]||(l[36]=t("p",null,"所以這篇的用法不是替三檔 ETF 排序，而是把重複曝險攤開。接下來要不要調整、如何調整，都屬於個人財務狀況與風險承受度問題，本文不提供配置建議。",-1)),l[37]||(l[37]=t("h2",{id:"how-to-check"},"用本站工具自己查：從兩兩比較到投組試算",-1)),t("div",yt,[t("article",null,[l[11]||(l[11]=t("span",null,"1",-1)),l[12]||(l[12]=t("h3",null,"先做兩兩比較",-1)),l[13]||(l[13]=t("p",null,"打開任兩檔 ETF 比較頁，看共同持股、獨有持股、配息與費用欄位。這一步可以找出哪兩檔最相似。",-1)),t("div",Ft,[(i(),o(u,null,p(w,e=>s(c,{key:e.key,to:e.path,target:"_blank",rel:"noopener"},{default:d(()=>[m(n(e.label),1)]),_:2},1032,["to"])),64))])]),t("article",null,[l[15]||(l[15]=t("span",null,"2",-1)),l[16]||(l[16]=t("h3",null,"拉出共

1同個股",-1)),l[17]||(l[17]=t("p",null,"用個股交集頁把共同持股列出來，確認重疊的是大型權值股、金融股，或其他產業群。",-1)),s(c,{to:q,target:"_blank",rel:"noopener"},{default:d(()=>[...l[14]||(l[14]=[m("查看 0056、00878、00919 共同持股",-1)])]),_:1})]),t("article",null,[l[19]||(l[19]=t("span",null,"3",-1)),l[20]||(l[20]=t("h3",null,"帶入自己的張數",-1)),l[21]||(l[21]=t("p",null,"如果三檔持有比例不同，實際曝險也會不同。投組試算會用張數合併計算股票、產業與每月配息分布。",-1)),s(c,{to:x,target:"_blank",rel:"noopener"},{default:d(()=>[...l[18]||(l[18]=[m("用示範組合打開投組試算",-1)])]),_:1})])]),t("div",kt,[s(c,{to:"/compare",target:"_blank",class:"btn btn-primary btn-lg"},{default:d(()=>[...l[22]||(l[22]=[m("打開 ETF 比較工具 →",-1)])]),_:1}),s(c,{to:x,target:"_blank",class:"btn btn-outline btn-lg"},{default:d(()=>[...l[23]||(l[23]=[m("檢查三檔投組 →",-1)])]),_:1})]),t("section",_t,[s(L,{faqs:W(P),title:"0056、00878、00919 重疊度常見問題"},null,8,["faqs"])]),s(N,{slug:"high-dividend-etf-overlap"}),s(H,{date:a},{sources:d(()=>[...l[24]||(l[24]=[m(" TWSE 證交所、TPEx 櫃買中心、FundClear 境內基金資訊觀測站、各 ETF 發行投信公司公告，以及本站依公開持股資料彙整之 ETF 重疊度資料（2026-07-02 快照） ",-1)])]),_:1})])])])}}}),Ht=G(St,[["__scopeId","data-v-92697138"]]);export{Ht as default};