IWM vs SHLD: Holdings Overlap
iShares · 1941 holdings · $82.2B · as of 2026-03-31
Global X · 48 holdings · $7.6B · as of 2026-05-31
Holdings snapshots are 61 days apart (IWM: 2026-03-31, SHLD: 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 IWM and SHLD?
iShares Russell 2000 ETF (IWM, by iShares) holds 1941 positions; Global X Defense Tech ETF (SHLD, by Global X) holds 48. They have 11 holdings in common, and by portfolio weight the two funds are 1.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 1.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11IWM holds 1941 · SHLD holds 48
- Weight in Shared Holdings
- IWM 1%·SHLD 8%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
1930 of 1941 positions (98.2% of the fund) are not held by SHLD. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWM | SHLD |
|---|---|---|
| Industrials | 17.9% | 82.5% |
| Health Care | 16.6% | 0.0% |
| Financials | 15.3% | 0.0% |
| Information Technology | 13.6% | 8.0% |
| Consumer Discretionary | 8.0% | 0.0% |
| Other Sectors | 22.7% | 0.0% |
| Unclassified | 5.5% | 9.1% |
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, 9% of SHLD).
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% |
| SHLD | +8.2% | +6.9% | +11.2% | — | — | — | 0.61% |
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 SHLD →
Shared Holdings(11)
The top 10 shared positions account for 100% of the overlap, led by KTOS, MOG-A and AVAV.
 KTOSKRATOS DEFENSE and SECURITY SOLU COMMON STOCK USD.001 | 0.43% | 1.81% | 0.43% |
|---|---|---|---|
 MOG-AMoog, Inc., Class A | 0.28% | 1.70% | 0.28% |
 AVAVAeroVironment, Inc. COM | 0.24% | 1.32% | 0.24% |
 OSISOSI System Inc. COM | 0.14% | 0.58% | 0.14% |
 MRCYMercury Systems Inc COM | 0.13% | 1.13% | 0.13% |
 BBAIBigbear Ai Holdings Incorporated COM | 0.05% | 0.37% | 0.05% |
 RCATRed Cat Holdings Inc. COM | 0.05% | 0.26% | 0.05% |
 VOYGVoyager Technologies, Inc., Class A | 0.04% | 0.43% | 0.04% |
 BKSYBlackSky Technology, Inc., Class A | 0.03% | 0.24% | 0.03% |
 NPKNational Presto Industries Inc. COM | 0.02% | 0.11% | 0.02% |
| Telos Corp. | 0.01% | 0.04% | 0.01% |
Frequently Asked Questions
How much do IWM and SHLD overlap?
IWM and SHLD overlap by 1.4% of portfolio weight. They share 11 holdings (IWM holds 1941 positions and SHLD holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWM and SHLD?
The two portfolios are 1.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IWM and SHLD?
The largest positions held by both funds are KTOS, MOG-A, AVAV, OSIS and MRCY. Together the top 10 shared positions account for 100% of the total overlap.
What does IWM own that SHLD doesn't?
1930 positions (98.2% of IWM) are unique to IWM, led by BE, CDE and FN. In the other direction, 37 positions (91.6% of SHLD) are unique to SHLD.