IWD vs MGV: Holdings Overlap
IWDiShares Russell 1000 Value ETF
iShares · 866 holdings · $83.6B · as of 2026-03-31
MGVVanguard Mega Cap Value Index Fund
Vanguard · 120 holdings · $13.6B · as of 2026-05-31
Holdings snapshots are 61 days apart (IWD: 2026-03-31, MGV: 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 IWD and MGV?
iShares Russell 1000 Value ETF (IWD, by iShares) holds 866 positions; Vanguard Mega Cap Value Index Fund (MGV, by Vanguard) holds 120. They have 111 holdings in common, and by portfolio weight the two funds are 54.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 54.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 111IWD holds 866 · MGV holds 120
- Weight in Shared Holdings
- IWD 55%·MGV 91%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 IWD
755 of 866 positions (44.4% of the fund) are not held by MGV. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWD | MGV |
|---|---|---|
| Financials | 20.0% | 21.6% |
| Information Technology | 11.7% | 18.0% |
| Health Care | 11.7% | 15.9% |
| Industrials | 13.4% | 13.6% |
| Consumer Staples | 7.5% | 11.0% |
| Other Sectors | 35.6% | 18.3% |
| Unclassified | 0.0% | 1.1% |
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 IWD, 1% of MGV).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IWD | +4.0% | +23.3% | +34.5% | +19.0% | +11.9% | +11.7% | 1.36% |
| MGV | +1.6% | +19.3% | +30.6% | +18.7% | +13.1% | +13.0% | 1.83% |
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 IWD vs MGV →
Shared Holdings(111)
The top 10 shared positions account for 31% of the overlap, led by BRK-B, JPM and XOM.
 BRK-BBerkshire Hathaway, Inc., Class B | 2.91% | 3.15% | 2.91% |
|---|---|---|---|
 JPMJPMorgan Chase & Co. COM | 2.63% | 3.64% | 2.63% |
 XOMExxon Mobil Corp. COM | 2.36% | 2.91% | 2.36% |
 JNJJohnson & Johnson COM | 1.94% | 2.61% | 1.94% |
 WMTWalmart Inc COM | 1.60% | 2.44% | 1.60% |
 CVXChevron Corp. COM | 1.28% | 1.66% | 1.28% |
 MUMicron Technology Inc. COM | 1.24% | 5.26% | 1.24% |
 PGThe Procter & Gamble Co. COM | 1.12% | 1.60% | 1.12% |
 CSCOCisco Systems, Inc. COM | 1.02% | 2.06% | 1.02% |
 MRKMerck & Co., Inc COM | 0.98% | 1.41% | 0.98% |
 BACBank of America Corp. COM | 0.97% | 1.60% | 0.97% |
 CATCaterpillar Inc COM | 0.95% | 1.96% | 0.95% |
 RTXRTX Corp. COM | 0.85% | 1.16% | 0.85% |
 PMPhilip Morris International Inc. COM | 0.85% | 1.33% | 0.85% |
 WFCWells Fargo & Co. COM | 0.81% | 1.15% | 0.81% |
 UNHUnitedHealth Group Inc. COM | 0.81% | 1.66% | 0.81% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 1.39% | 0.77% |
 LINLinde PLC COM EUR0.001 | 0.77% | 1.11% | 0.77% |
 IBMInternational Business Machines Corp. COM | 0.74% | 1.34% | 0.74% |
 VZVerizon Communications Inc. COM | 0.70% | 0.87% | 0.70% |
 TAT&T Inc COM | 0.66% | 0.83% | 0.66% |
 INTCIntel Corporation COM | 0.64% | 2.20% | 0.64% |
 AMATApplied Materials Inc. COM | 0.64% | 1.72% | 0.64% |
 NEENextEra Energy Inc COM | 0.64% | 0.87% | 0.64% |
 MSMorgan Stanley COM NEW | 0.61% | 1.19% | 0.61% |
Frequently Asked Questions
How much do IWD and MGV overlap?
IWD and MGV overlap by 54.3% of portfolio weight. They share 111 holdings (IWD holds 866 positions and MGV holds 120), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWD and MGV?
The two portfolios are 54.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of IWD and MGV?
The largest positions held by both funds are BRK-B, JPM, XOM, JNJ and WMT. Together the top 10 shared positions account for 31% of the total overlap.
What does IWD own that MGV doesn't?
755 positions (44.4% of IWD) are unique to IWD, led by GOOGL, AMZN and GOOG. In the other direction, 9 positions (8.5% of MGV) are unique to MGV.