FVD vs IWN: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
How similar are FVD and IWN?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 16 holdings in common, and by portfolio weight the two funds are 4.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16FVD holds 236 · IWN holds 1406
- Weight in Shared Holdings
- FVD 7%·IWN 4%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 FVD
220 of 236 positions (92.9% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | IWN |
|---|---|---|
| Financials | 18.5% | 22.4% |
| Utilities | 18.9% | 5.3% |
| Industrials | 15.1% | 11.9% |
| Consumer Staples | 10.4% | 1.4% |
| Health Care | 6.4% | 10.0% |
| Other Sectors | 25.7% | 41.5% |
| Unclassified | 4.7% | 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 (5% of FVD, 7% of IWN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| 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 FVD vs IWN →
Shared Holdings(16)
The top 10 shared positions account for 85% of the overlap, led by SWX, POR and TXNM.
 SWXSouthwest Gas Holdings Inc COM | 0.42% | 0.41% | 0.41% |
|---|---|---|---|
 PORPortland General Electric Company COM NEW | 0.43% | 0.41% | 0.41% |
 TXNMTXNM Energy Inc. COM | 0.42% | 0.40% | 0.40% |
 NJRNew Jersey Resources Corp. COM | 0.43% | 0.38% | 0.38% |
 SRSpire Inc COM | 0.42% | 0.36% | 0.36% |
 BKHBlack Hills Corporation COM | 0.43% | 0.36% | 0.36% |
 OGSONE Gas, Inc. COM | 0.42% | 0.36% | 0.36% |
 NWENorthWestern Energy Group Inc COM NEW | 0.43% | 0.28% | 0.28% |
 AVAAvista Corporation COM | 0.43% | 0.23% | 0.23% |
 CWTCalifornia Water Service Group COM | 0.43% | 0.19% | 0.19% |
 NWNNorthwest Natural Holding Company COM | 0.43% | 0.15% | 0.15% |
 CPKChesapeake Utilities Corporation COM | 0.42% | 0.13% | 0.13% |
 NWBINorthwest Bancshares Inc COM | 0.43% | 0.13% | 0.13% |
 MGEEMGE Energy Inc. COM | 0.43% | 0.09% | 0.09% |
 AWRAmerican States Water Co. COM | 0.43% | 0.07% | 0.07% |
 SIGISelective Insurance Group Inc. COM | 0.42% | 0.04% | 0.04% |
Frequently Asked Questions
How much do FVD and IWN overlap?
FVD and IWN overlap by 4.0% of portfolio weight. They share 16 holdings (FVD holds 236 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and IWN?
The two portfolios are 4.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FVD and IWN?
The largest positions held by both funds are SWX, POR, TXNM, NJR and SR. Together the top 10 shared positions account for 85% of the total overlap.
What does FVD own that IWN doesn't?
220 positions (92.9% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 1390 positions (95.6% of IWN) are unique to IWN.