IWN vs RWR: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
RWRState Street® SPDR® Dow Jones® REIT ETF
State Street (SPDR) · 97 holdings · $1.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (IWN: 2026-03-31, RWR: 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 IWN and RWR?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; State Street® SPDR® Dow Jones® REIT ETF (RWR, by State Street (SPDR)) holds 97. They have 48 holdings in common, and by portfolio weight the two funds are 6.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48IWN holds 1406 · RWR holds 97
- Weight in Shared Holdings
- IWN 7%·RWR 12%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 IWN
1358 of 1406 positions (92.9% of the fund) are not held by RWR. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | RWR |
|---|---|---|
| Real Estate | 8.4% | 99.0% |
| Financials | 22.4% | 0.0% |
| Industrials | 11.9% | 0.0% |
| Health Care | 10.0% | 0.0% |
| Consumer Discretionary | 8.7% | 0.0% |
| Other Sectors | 31.1% | 0.0% |
| Unclassified | 7.1% | 0.1% |
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 (7% of IWN, 0% of RWR).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
| RWR | -0.8% | +18.6% | +23.5% | +11.8% | +4.3% | +4.9% | 3.29% |
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 IWN vs RWR →
Shared Holdings(48)
The top 10 shared positions account for 51% of the overlap, led by CTRE, TRNO and EPRT.
 CTRECaretrust Reit Inc COM | 0.51% | 0.90% | 0.51% |
|---|---|---|---|
 TRNOTerreno Realty Corporation COM | 0.43% | 0.67% | 0.43% |
 EPRTEssential Properties Realty Trust Inc. COM | 0.42% | 0.62% | 0.42% |
 AHRAmerican Healthcare REIT Inc. COM SHS | 0.38% | 0.98% | 0.38% |
 KRGKite Realty Group Trust COM NEW | 0.37% | 0.50% | 0.37% |
 MACThe Macerich Company COM | 0.34% | 0.62% | 0.34% |
 PECOPhillips Edison & Co Inc COMMON STOCK | 0.27% | 0.48% | 0.27% |
 IRTIndependence Realty Trust Inc COM | 0.25% | 0.37% | 0.25% |
 BNLBroadstone Net Lease Inc COM | 0.24% | 0.38% | 0.24% |
 CDPCOPT Defense Properties SHS BEN INT | 0.24% | 0.39% | 0.24% |
 NHINational Health Investors, Inc. COM | 0.20% | 0.34% | 0.20% |
 LXPLXP Industrial Trust COM | 0.19% | 0.33% | 0.19% |
 SLGSl Green Realty Corp COM | 0.18% | 0.36% | 0.18% |
 APLEApple Hospitality Reit Inc COM NEW | 0.18% | 0.33% | 0.18% |
 AKRAcadia Realty Trust COM SH BEN INT | 0.18% | 0.26% | 0.18% |
 UEUrban Edge Properties COM | 0.17% | 0.25% | 0.17% |
 FCPTFour Corners Property Trust Inc. COM | 0.17% | 0.26% | 0.17% |
 CURBCurbline Properties Corp. COM | 0.17% | 0.27% | 0.17% |
 GNLGlobal Net Lease Inc COM NEW | 0.13% | 0.16% | 0.13% |
 GTYGetty Realty Corp COM | 0.12% | 0.17% | 0.12% |
 SMASmartStop Self Storage REIT Inc COMMON STOCK | 0.12% | 0.18% | 0.12% |
 SHOSunstone Hotel Investors Inc. COM | 0.11% | 0.20% | 0.11% |
 DEIDouglas Emmett Inc COM | 0.10% | 0.18% | 0.10% |
 DHCDiversified Healthcare Trust COM SH BEN INT | 0.10% | 0.18% | 0.10% |
 PEBPebblebrook Hotel Trust COM | 0.10% | 0.19% | 0.10% |
Frequently Asked Questions
How much do IWN and RWR overlap?
IWN and RWR overlap by 6.7% of portfolio weight. They share 48 holdings (IWN holds 1406 positions and RWR holds 97), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and RWR?
The two portfolios are 6.7% 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 IWN and RWR?
The largest positions held by both funds are CTRE, TRNO, EPRT, AHR and KRG. Together the top 10 shared positions account for 51% of the total overlap.
What does IWN own that RWR doesn't?
1358 positions (92.9% of IWN) are unique to IWN, led by ECHO, TTMI and CDE. In the other direction, 49 positions (87.2% of RWR) are unique to RWR.