IJJ vs VAW: Holdings Overlap
IJJiShares S&P Mid-Cap 400 Value ETF
iShares · 301 holdings · $9.0B · as of 2026-03-31
VAWVanguard Materials Index Fund
Vanguard · 110 holdings · $3.0B · as of 2026-05-31
Holdings snapshots are 61 days apart (IJJ: 2026-03-31, VAW: 2026-05-31). 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 IJJ and VAW?
iShares S&P Mid-Cap 400 Value ETF (IJJ, by iShares) holds 301 positions; Vanguard Materials Index Fund (VAW, by Vanguard) holds 110. They have 23 holdings in common, and by portfolio weight the two funds are 8.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23IJJ holds 301 · VAW holds 110
- Weight in Shared Holdings
- IJJ 8%·VAW 11%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 IJJ
278 of 301 positions (90.9% of the fund) are not held by VAW. Showing the top 30 by weight.
Sector Breakdown
| Sector | IJJ | VAW |
|---|---|---|
| Materials | 8.2% | 99.5% |
| Financials | 22.4% | 0.0% |
| Industrials | 19.0% | 0.0% |
| Consumer Discretionary | 12.4% | 0.0% |
| Real Estate | 8.2% | 0.0% |
| Other Sectors | 28.9% | 0.3% |
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 |
|---|---|---|---|---|---|---|---|
| IJJ | +3.0% | +15.1% | +23.8% | +12.8% | +9.2% | +10.5% | 1.56% |
| VAW | +3.2% | +14.7% | +20.8% | +10.3% | +7.0% | +10.1% | 1.34% |
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 IJJ vs VAW →
Shared Holdings(23)
The top 10 shared positions account for 69% of the overlap, led by AA, RS and CCK.
 AAAlcoa Corporation COM | 1.09% | 1.29% | 1.09% |
|---|---|---|---|
 RSReliance Inc COM | 1.01% | 1.28% | 1.01% |
 CCKCrown Holdings Inc COM | 0.72% | 0.70% | 0.70% |
 ATRAptargroup Inc. COM | 0.52% | 0.49% | 0.49% |
 RPMRPM International Inc. COM | 0.48% | 0.87% | 0.48% |
 CMCCommercial Metals Company COM | 0.43% | 0.54% | 0.43% |
 AXTAAxalta Coating Systems Limited COM USD1.00 | 0.38% | 0.42% | 0.38% |
 SOLSSolstice Advanced Materials Inc. COM SHS | 0.36% | 0.86% | 0.36% |
 SONSonoco Products Company COM | 0.34% | 0.31% | 0.31% |
 CLFCleveland-Cliffs Inc COM | 0.31% | 0.50% | 0.31% |
 LPXLouisiana Pacific Corporation COM | 0.29% | 0.31% | 0.29% |
 CBTCabot Corporation COM | 0.25% | 0.30% | 0.25% |
 SLGNSilgan Holdings Inc. COM | 0.22% | 0.22% | 0.22% |
 WLKWestlake Corporation COM | 0.25% | 0.21% | 0.21% |
 AVNTAvient Corporation COM | 0.21% | 0.21% | 0.21% |
 OLNOlin Corporation COM PAR $1 | 0.22% | 0.19% | 0.19% |
 GPKGraphic Packaging Holding Company COM | 0.19% | 0.21% | 0.19% |
 EXPEagle Materials Inc. COM | 0.19% | 0.46% | 0.19% |
 KNFKnife River Corp. COMMON STOCK | 0.18% | 0.29% | 0.18% |
 SMGThe Scotts Miracle-Gro Company CL A | 0.17% | 0.18% | 0.17% |
 MPMP Materials Corp., Class A | 0.17% | 0.59% | 0.17% |
 ASHAshland Inc. COM | 0.16% | 0.17% | 0.16% |
 GEFGreif, Inc., Class A | 0.11% | 0.10% | 0.10% |
Frequently Asked Questions
How much do IJJ and VAW overlap?
IJJ and VAW overlap by 8.1% of portfolio weight. They share 23 holdings (IJJ holds 301 positions and VAW holds 110), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IJJ and VAW?
The two portfolios are 8.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of IJJ and VAW?
The largest positions held by both funds are AA, RS, CCK, ATR and RPM. Together the top 10 shared positions account for 69% of the total overlap.
What does IJJ own that VAW doesn't?
278 positions (90.9% of IJJ) are unique to IJJ, led by USFD, OVV and PR. In the other direction, 87 positions (89.1% of VAW) are unique to VAW.