IWM vs IWN: Holdings Overlap
iShares · 1941 holdings · $82.2B · as of 2026-03-31
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
How similar are IWM and IWN?
iShares Russell 2000 ETF (IWM, by iShares) holds 1941 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 1403 holdings in common, and by portfolio weight the two funds are 55.0% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 55.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1403IWM holds 1941 · IWN holds 1406
- Weight in Shared Holdings
- IWM 62%·IWN 100%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 IWM
538 of 1941 positions (37.6% of the fund) are not held by IWN. Showing the top 30 by weight.
Only in IWN
3 of 1406 positions (0.0% of the fund) are not held by IWM.
- Logistic Properties of The Americas0.00%
- flyExclusive, Inc.0.00%
- Arrive AI, Inc.0.00%
Sector Breakdown
| Sector | IWM | IWN |
|---|---|---|
| Financials | 15.3% | 22.4% |
| Industrials | 17.9% | 11.9% |
| Health Care | 16.6% | 10.0% |
| Information Technology | 13.6% | 8.0% |
| Consumer Discretionary | 8.0% | 8.7% |
| Other Sectors | 22.7% | 31.6% |
| Unclassified | 5.5% | 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 IWM, 7% of IWN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IWM | +1.8% | +23.0% | +38.6% | +17.1% | +7.5% | +10.8% | 0.88% |
| 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 IWM vs IWN →
Shared Holdings(1403)
The top 10 shared positions account for 7% of the overlap, led by CDE, ECHO and HL.
 CDECoeur Mining, Inc. | 0.65% | 0.66% | 0.65% |
|---|---|---|---|
 ECHOEchoStar Corp., Class A | 0.54% | 1.09% | 0.54% |
 HLHecla Mining Co. | 0.40% | 0.62% | 0.40% |
 TTMITTM Technologies, Inc. | 0.34% | 0.69% | 0.34% |
 AHRAmerican Healthcare REIT, Inc. | 0.29% | 0.38% | 0.29% |
 PRAXPraxis Precision Medicines, Inc. | 0.28% | 0.53% | 0.28% |
 CTRECareTrust REIT, Inc. | 0.28% | 0.51% | 0.28% |
 UMBFUMB Financial Corp. | 0.28% | 0.52% | 0.28% |
 CYTKCytokinetics, Inc. | 0.27% | 0.48% | 0.27% |
 SMSM Energy Co. | 0.26% | 0.54% | 0.26% |
 ONBOld National Bancorp | 0.26% | 0.47% | 0.26% |
 FLRFluor Corp. | 0.26% | 0.52% | 0.26% |
 PCVXVaxcyte, Inc. | 0.25% | 0.50% | 0.25% |
 NXTNextpower, Inc., Class A | 0.60% | 0.24% | 0.24% |
 JXNJackson Financial, Inc., Class A | 0.24% | 0.50% | 0.24% |
 SANMSanmina Corp. | 0.24% | 0.26% | 0.24% |
 CMCCommercial Metals Co. | 0.23% | 0.47% | 0.23% |
 ORAOrmat Technologies, Inc. | 0.23% | 0.47% | 0.23% |
 JBTMJBT Marel Corp. | 0.23% | 0.24% | 0.23% |
 TEXTerex Corp. | 0.23% | 0.26% | 0.23% |
 ENSEnerSys | 0.22% | 0.42% | 0.22% |
 TRNOTerreno Realty Corp. | 0.21% | 0.43% | 0.21% |
 NENoble Corp. plc | 0.21% | 0.43% | 0.21% |
 RIGNTransocean Ltd. | 0.21% | 0.42% | 0.21% |
 VALValaris Ltd. | 0.21% | 0.42% | 0.21% |
Showing the top 250 of 1403 shared holdings by overlap weight.
Frequently Asked Questions
How much do IWM and IWN overlap?
IWM and IWN overlap by 55.0% of portfolio weight. They share 1403 holdings (IWM holds 1941 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWM and IWN?
The two portfolios are 55.0% 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 IWM and IWN?
The largest positions held by both funds are CDE, ECHO, HL, TTMI and AHR. Together the top 10 shared positions account for 7% of the total overlap.
What does IWM own that IWN doesn't?
538 positions (37.6% of IWM) are unique to IWM, led by BE, FN and CRDO. In the other direction, 3 positions (0.0% of IWN) are unique to IWN.