IWN vs VBR: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
VBRVanguard Small-cap Value Index Fund
Vanguard · 838 holdings · $38.3B · as of 2026-03-31
How similar are IWN and VBR?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; Vanguard Small-cap Value Index Fund (VBR, by Vanguard) holds 838. They have 369 holdings in common, and by portfolio weight the two funds are 20.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 369IWN holds 1406 · VBR holds 838
- Weight in Shared Holdings
- IWN 55%·VBR 21%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
1037 of 1406 positions (44.6% of the fund) are not held by VBR. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | VBR |
|---|---|---|
| Financials | 22.4% | 18.7% |
| Industrials | 11.9% | 18.8% |
| Consumer Discretionary | 8.7% | 10.9% |
| Health Care | 10.0% | 8.4% |
| Real Estate | 8.4% | 9.1% |
| Other Sectors | 31.1% | 33.4% |
| Unclassified | 7.1% | 0.5% |
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, 1% of VBR).
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% |
| VBR | +3.1% | +19.2% | +28.7% | +15.4% | +10.0% | +10.8% | 1.73% |
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 VBR →
Shared Holdings(369)
The top 10 shared positions account for 9% of the overlap, led by ECHO, ONB and UMBF.
 ECHOEchoStar Corp., Class A | 1.09% | 0.19% | 0.19% |
|---|---|---|---|
 ONBOld National Bancorp COM | 0.47% | 0.19% | 0.19% |
 UMBFUMB Financial Corporation | 0.52% | 0.19% | 0.19% |
 JXNJackson Financial, Inc., Class A | 0.50% | 0.18% | 0.18% |
 SMSM Energy Co. COM | 0.54% | 0.18% | 0.18% |
 FLRFluor Corporation COM | 0.52% | 0.17% | 0.17% |
 CMCCommercial Metals Company COM | 0.47% | 0.17% | 0.17% |
 SANMSanmina Corporation | 0.26% | 0.16% | 0.16% |
 TEXTerex Corporation COM | 0.26% | 0.16% | 0.16% |
 ENSEnerSys COM | 0.42% | 0.15% | 0.15% |
 TRNOTerreno Realty Corporation COM | 0.43% | 0.15% | 0.15% |
 TXNMTXNM Energy Inc. COM | 0.40% | 0.15% | 0.15% |
 PORPortland General Electric Company COM NEW | 0.41% | 0.15% | 0.15% |
 GATXGATX Corporation COM | 0.39% | 0.15% | 0.15% |
 SWXSouthwest Gas Holdings Inc COM | 0.41% | 0.14% | 0.14% |
 VSATViaSat, Inc. COM | 0.39% | 0.14% | 0.14% |
 CRCCalifornia Resources Corporation COM STOCK | 0.35% | 0.14% | 0.14% |
 UBSIUnited Bankshares Inc COM | 0.40% | 0.14% | 0.14% |
 VLYValley National Bancorp. COM | 0.31% | 0.14% | 0.14% |
 GBCIGlacier Bancorp Inc. COM | 0.32% | 0.14% | 0.14% |
 MURMurphy Oil Corporation COM | 0.39% | 0.14% | 0.14% |
 NJRNew Jersey Resources Corporation | 0.38% | 0.13% | 0.13% |
 OGSONE Gas, Inc. COM | 0.36% | 0.13% | 0.13% |
| Taylor Morrison Home Corp COM | 0.38% | 0.13% | 0.13% |
 NPOEnpro Inc COM | 0.32% | 0.13% | 0.13% |
Showing the top 250 of 369 shared holdings by overlap weight.
Frequently Asked Questions
How much do IWN and VBR overlap?
IWN and VBR overlap by 20.1% of portfolio weight. They share 369 holdings (IWN holds 1406 positions and VBR holds 838), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and VBR?
The two portfolios are 20.1% 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 VBR?
The largest positions held by both funds are ECHO, ONB, UMBF, JXN and SM. Together the top 10 shared positions account for 9% of the total overlap.
What does IWN own that VBR doesn't?
1037 positions (44.6% of IWN) are unique to IWN, led by CDE, HL and CTRE. In the other direction, 469 positions (78.5% of VBR) are unique to VBR.