FCOM vs IWN: Holdings Overlap
FCOMFidelity MSCI Communication Services Index ETF
Fidelity · 89 holdings · $1.7B · as of 2026-04-30
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
Holdings snapshots are 30 days apart (FCOM: 2026-04-30, IWN: 2026-03-31). 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 FCOM and IWN?
Fidelity MSCI Communication Services Index ETF (FCOM, by Fidelity) holds 89 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 23 holdings in common, and by portfolio weight the two funds are 2.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23FCOM holds 89 · IWN holds 1406
- Weight in Shared Holdings
- FCOM 3%·IWN 3%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 FCOM
66 of 89 positions (96.7% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | FCOM | IWN |
|---|---|---|
| Communication Services | 99.8% | 2.8% |
| Financials | 0.0% | 22.4% |
| Industrials | 0.0% | 11.9% |
| Health Care | 0.0% | 10.0% |
| Consumer Discretionary | 0.0% | 8.7% |
| Other Sectors | 0.0% | 36.8% |
| Unclassified | 0.0% | 7.1% |
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 (0% of FCOM, 7% of IWN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FCOM | -1.3% | -2.9% | +8.4% | +20.2% | +6.1% | +10.5% | 0.99% |
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
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 FCOM vs IWN →
Shared Holdings(23)
The top 10 shared positions account for 88% of the overlap, led by ECHO, TDS and SPHR.
 ECHOEchoStar Corp., Class A | 1.04% | 1.09% | 1.04% |
|---|---|---|---|
 TDSTelephone and Data Systems Inc | 0.28% | 0.29% | 0.28% |
 SPHRSphere Entertainment Co., Class A | 0.22% | 0.22% | 0.22% |
 LIONLionsgate Studios Corp. | 0.15% | 0.14% | 0.14% |
 ZDZiff Davis, Inc. | 0.11% | 0.11% | 0.11% |
 UNITUniti Group, Inc. | 0.11% | 0.11% | 0.11% |
 LILAKLiberty Latin America Ltd., Class C | 0.07% | 0.08% | 0.07% |
 LUMNLumen Technologies, Inc. | 0.52% | 0.05% | 0.05% |
 TRIPTripAdvisor, Inc. | 0.07% | 0.04% | 0.04% |
 SHENShenandoah Telecommunications Co. | 0.04% | 0.05% | 0.04% |
 AMCAMC Entertainment Holdings, Inc., Class A | 0.05% | 0.03% | 0.03% |
 SBGISinclair, Inc., Class A | 0.03% | 0.03% | 0.03% |
 SCHLScholastic Corp. | 0.03% | 0.06% | 0.03% |
 CARSCars.com, Inc. | 0.04% | 0.03% | 0.03% |
 RUMRumble, Inc., Class A | 0.03% | 0.03% | 0.03% |
 SSTKShutterstock, Inc. | 0.02% | 0.03% | 0.02% |
| Nextdoor Holdings, Inc. | 0.02% | 0.02% | 0.02% |
| Optimum Communications, Inc., Class A | 0.02% | 0.02% | 0.02% |
| Angi, Inc., Class A | 0.02% | 0.02% | 0.02% |
| Liberty Latin America Ltd., Class A | 0.01% | 0.02% | 0.01% |
 IDTIDT Corp., Class B | 0.06% | 0.01% | 0.01% |
 TDAYUSA TODAY Co., Inc. | 0.06% | 0.01% | 0.01% |
 WLYJohn Wiley & Sons, Inc., Class A | 0.10% | 0.01% | 0.01% |
Frequently Asked Questions
How much do FCOM and IWN overlap?
FCOM and IWN overlap by 2.4% of portfolio weight. They share 23 holdings (FCOM holds 89 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FCOM and IWN?
The two portfolios are 2.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FCOM and IWN?
The largest positions held by both funds are ECHO, TDS, SPHR, LION and ZD. Together the top 10 shared positions account for 88% of the total overlap.
What does FCOM own that IWN doesn't?
66 positions (96.7% of FCOM) are unique to FCOM, led by META, GOOGL and GOOG. In the other direction, 1383 positions (97.1% of IWN) are unique to IWN.