IWD vs SPLG: Holdings Overlap
IWDiShares Russell 1000 Value ETF
iShares · 866 holdings · $83.6B · as of 2026-03-31
SPLGState Street® SPDR® Portfolio S&P 500® ETF
State Street (SPDR) · 504 holdings · $157.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (IWD: 2026-03-31, SPLG: 2026-08-06). 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 SPLG?
iShares Russell 1000 Value ETF (IWD, by iShares) holds 866 positions; State Street® SPDR® Portfolio S&P 500® ETF (SPLG, by State Street (SPDR)) holds 504. They have 419 holdings in common, and by portfolio weight the two funds are 50.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 419IWD holds 866 · SPLG holds 504
- Weight in Shared Holdings
- IWD 87%·SPLG 60%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
447 of 866 positions (13.2% of the fund) are not held by SPLG. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWD | SPLG |
|---|---|---|
| Information Technology | 11.7% | 37.6% |
| Financials | 20.0% | 12.3% |
| Industrials | 13.4% | 8.8% |
| Health Care | 11.7% | 8.9% |
| Communication Services | 7.9% | 9.7% |
| Other Sectors | 35.1% | 22.6% |
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 |
|---|---|---|---|---|---|---|---|
| IWD | +4.0% | +23.3% | +34.5% | +19.0% | +11.9% | +11.7% | 1.36% |
| SPLG | +3.4% | +14.1% | +23.7% | +21.3% | +13.4% | +15.4% | 1.00% |
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 SPLG →
Shared Holdings(419)
The top 10 shared positions account for 25% of the overlap, led by GOOGL, AMZN and GOOG.
 GOOGLAlphabet Inc. CAP STK CL A | 1.95% | 3.16% | 1.95% |
|---|---|---|---|
 AMZNAmazon.com, Inc. COM | 1.81% | 4.02% | 1.81% |
 GOOGAlphabet Inc. CAP STK CL C | 1.59% | 2.54% | 1.59% |
 BRK-BBerkshire Hathaway, Inc., Class B | 2.91% | 1.45% | 1.45% |
 JPMJPMorgan Chase & Co. COM | 2.63% | 1.44% | 1.44% |
 MUMicron Technology Inc. COM | 1.24% | 1.50% | 1.24% |
 JNJJohnson & Johnson COM | 1.94% | 0.93% | 0.93% |
 WMTWalmart Inc COM | 1.60% | 0.74% | 0.74% |
 METAMeta Platforms, Inc., Class A | 0.73% | 1.95% | 0.73% |
 CSCOCisco Systems, Inc. COM | 1.02% | 0.72% | 0.72% |
 INTCIntel Corporation COM | 0.64% | 0.71% | 0.64% |
 AMATApplied Materials Inc. COM | 0.64% | 0.63% | 0.63% |
 BACBank of America Corp. COM | 0.97% | 0.62% | 0.62% |
 CATCaterpillar Inc COM | 0.95% | 0.59% | 0.59% |
 UNHUnitedHealth Group Inc. COM | 0.81% | 0.55% | 0.55% |
 CVXChevron Corp. COM | 1.28% | 0.53% | 0.53% |
 PGThe Procter & Gamble Co. COM | 1.12% | 0.52% | 0.52% |
 KOCoca-Cola Co (The) COM | 0.50% | 0.51% | 0.50% |
 MRKMerck & Co., Inc COM | 0.98% | 0.48% | 0.48% |
 GSGoldman Sachs Group, Inc. (The) | 0.77% | 0.46% | 0.46% |
 RTXRTX Corp. COM | 0.85% | 0.45% | 0.45% |
 AMDAdvanced Micro Devices Inc. COM | 0.45% | 1.20% | 0.45% |
 PMPhilip Morris International Inc. COM | 0.85% | 0.44% | 0.44% |
 WFCWells Fargo & Co. COM | 0.81% | 0.40% | 0.40% |
 MSMorgan Stanley COM NEW | 0.61% | 0.39% | 0.39% |
Showing the top 250 of 419 shared holdings by overlap weight.
Frequently Asked Questions
How much do IWD and SPLG overlap?
IWD and SPLG overlap by 50.9% of portfolio weight. They share 419 holdings (IWD holds 866 positions and SPLG holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWD and SPLG?
The two portfolios are 50.9% 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 SPLG?
The largest positions held by both funds are GOOGL, AMZN, GOOG, BRK-B and JPM. Together the top 10 shared positions account for 25% of the total overlap.
What does IWD own that SPLG doesn't?
447 positions (13.2% of IWD) are unique to IWD, led by XOM, HON and EA. In the other direction, 85 positions (40.3% of SPLG) are unique to SPLG.