FNCL vs IWP: Holdings Overlap
FNCLFidelity MSCI Financials Index ETF
Fidelity · 383 holdings · $2.4B · as of 2026-04-30
IWPiShares Russell Mid-Cap Growth ETF
iShares · 277 holdings · $20.5B · as of 2026-03-31
Holdings snapshots are 30 days apart (FNCL: 2026-04-30, IWP: 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 FNCL and IWP?
Fidelity MSCI Financials Index ETF (FNCL, by Fidelity) holds 383 positions; iShares Russell Mid-Cap Growth ETF (IWP, by iShares) holds 277. They have 37 holdings in common, and by portfolio weight the two funds are 4.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 37FNCL holds 383 · IWP holds 277
- Weight in Shared Holdings
- FNCL 8%·IWP 8%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 FNCL
346 of 383 positions (92.2% of the fund) are not held by IWP. Showing the top 30 by weight.
Only in IWP
240 of 277 positions (91.5% of the fund) are not held by FNCL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FNCL | IWP |
|---|---|---|
| Financials | 99.6% | 8.5% |
| Industrials | 0.0% | 24.4% |
| Consumer Discretionary | 0.0% | 21.2% |
| Information Technology | 0.0% | 15.6% |
| Health Care | 0.0% | 14.9% |
| Other Sectors | 0.0% | 15.3% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FNCL | +2.7% | +6.6% | +14.3% | +20.1% | +10.8% | +13.3% | 1.54% |
| IWP | +1.5% | +5.4% | +3.1% | +14.6% | +5.1% | +12.1% | 0.34% |
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 FNCL vs IWP →
Shared Holdings(37)
The top 10 shared positions account for 67% of the overlap, led by MSCI, AMP and XYZ.
 MSCIMSCI, Inc. | 0.53% | 0.68% | 0.53% |
|---|---|---|---|
 AMPAmeriprise Financial, Inc. | 0.52% | 1.32% | 0.52% |
 XYZBlock, Inc., Class A | 0.46% | 0.43% | 0.43% |
 LPLALPL Financial Holdings, Inc. | 0.32% | 0.86% | 0.32% |
 ARESAres Management Corp., Class A | 0.30% | 0.74% | 0.30% |
 HOODRobinhood Markets, Inc., Class A | 0.65% | 0.25% | 0.25% |
 CPAYCorpay, Inc. | 0.24% | 0.71% | 0.24% |
 BNYBank of New York Mellon Corp. (The) | 1.09% | 0.21% | 0.21% |
 AFRMAffirm Holdings, Inc., Class A | 0.21% | 0.27% | 0.21% |
 MKLMarkel Group, Inc. | 0.26% | 0.18% | 0.18% |
 TOSTToast, Inc., Class A | 0.16% | 0.44% | 0.16% |
 EQHEquitable Holdings, Inc. | 0.14% | 0.34% | 0.14% |
 COINCoinbase Global, Inc., Class A | 0.48% | 0.14% | 0.14% |
 HLIHoulihan Lokey, Inc., Class A | 0.10% | 0.11% | 0.10% |
 SOFISoFi Technologies, Inc. | 0.24% | 0.09% | 0.09% |
 KNSLKinsale Capital Group, Inc. | 0.08% | 0.27% | 0.08% |
 TPGTPG, Inc., Class A | 0.07% | 0.19% | 0.07% |
 OWLBlue Owl Capital, Inc., Class A | 0.07% | 0.21% | 0.07% |
 BROBrown & Brown, Inc. | 0.21% | 0.07% | 0.07% |
 EGEverest Group Ltd. | 0.18% | 0.07% | 0.07% |
 WALWestern Alliance Bancorp | 0.10% | 0.06% | 0.06% |
 JEFJefferies Financial Group, Inc. | 0.09% | 0.06% | 0.06% |
 MORNMorningstar, Inc. | 0.05% | 0.09% | 0.05% |
 ALLYAlly Financial, Inc. | 0.15% | 0.05% | 0.05% |
 HLNEHamilton Lane, Inc., Class A | 0.05% | 0.09% | 0.05% |
Frequently Asked Questions
How much do FNCL and IWP overlap?
FNCL and IWP overlap by 4.7% of portfolio weight. They share 37 holdings (FNCL holds 383 positions and IWP holds 277), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FNCL and IWP?
The two portfolios are 4.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FNCL and IWP?
The largest positions held by both funds are MSCI, AMP, XYZ, LPLA and ARES. Together the top 10 shared positions account for 67% of the total overlap.
What does FNCL own that IWP doesn't?
346 positions (92.2% of FNCL) are unique to FNCL, led by JPM, BRK-B and V. In the other direction, 240 positions (91.5% of IWP) are unique to IWP.