FVD vs IWP: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
IWPiShares Russell Mid-Cap Growth ETF
iShares · 277 holdings · $20.5B · as of 2026-03-31
How similar are FVD and IWP?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; iShares Russell Mid-Cap Growth ETF (IWP, by iShares) holds 277. They have 12 holdings in common, and by portfolio weight the two funds are 3.3% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12FVD holds 236 · IWP holds 277
- Weight in Shared Holdings
- FVD 5%·IWP 6%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
224 of 236 positions (94.8% of the fund) are not held by IWP. Showing the top 30 by weight.
Only in IWP
265 of 277 positions (94.3% of the fund) are not held by FVD. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | IWP |
|---|---|---|
| Industrials | 15.1% | 24.4% |
| Consumer Discretionary | 3.0% | 21.2% |
| Utilities | 18.9% | 2.9% |
| Financials | 18.5% | 8.5% |
| Information Technology | 4.6% | 15.6% |
| Other Sectors | 35.0% | 27.3% |
| Unclassified | 4.7% | 0.0% |
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, 0% of IWP).
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% |
| 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 FVD vs IWP →
Shared Holdings(12)
The top 10 shared positions account for 99% of the overlap, led by FAST, ROL and TSCO.
 FASTFastenal Co. COM | 0.44% | 1.57% | 0.44% |
|---|---|---|---|
 ROLRollins Inc COM | 0.42% | 0.58% | 0.42% |
 TSCOTractor Supply Co COM | 0.42% | 0.87% | 0.42% |
 YUMYum! Brands Inc. COM | 0.41% | 0.52% | 0.41% |
 BRBroadridge Financial Solutions Inc. COM | 0.40% | 0.62% | 0.40% |
 SYYSysco Corporation COM | 0.37% | 0.66% | 0.37% |
 PAYXPaychex Inc COM | 0.41% | 0.34% | 0.34% |
 BNYThe Bank of New York Mellon Corp. COM | 0.43% | 0.21% | 0.21% |
 HSYHershey Co. (The) COM | 0.40% | 0.13% | 0.13% |
 SUISun Communities, Inc. COM | 0.41% | 0.11% | 0.11% |
 UDRUDR Inc COM | 0.41% | 0.02% | 0.02% |
 RLIRLI Corp COM | 0.41% | 0.01% | 0.01% |
Frequently Asked Questions
How much do FVD and IWP overlap?
FVD and IWP overlap by 3.3% of portfolio weight. They share 12 holdings (FVD holds 236 positions and IWP holds 277), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and IWP?
The two portfolios are 3.3% 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 IWP?
The largest positions held by both funds are FAST, ROL, TSCO, YUM and BR. Together the top 10 shared positions account for 99% of the total overlap.
What does FVD own that IWP doesn't?
224 positions (94.8% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 265 positions (94.3% of IWP) are unique to IWP.