IWN vs VIOV: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
VIOVVanguard S&P Small-cap 600 Value Index Fund
Vanguard · 460 holdings · $1.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (IWN: 2026-03-31, VIOV: 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 IWN and VIOV?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; Vanguard S&P Small-cap 600 Value Index Fund (VIOV, by Vanguard) holds 460. They have 341 holdings in common, and by portfolio weight the two funds are 37.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 37.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 341IWN holds 1406 · VIOV holds 460
- Weight in Shared Holdings
- IWN 39%·VIOV 68%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
1065 of 1406 positions (60.6% of the fund) are not held by VIOV. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | VIOV |
|---|---|---|
| Financials | 22.4% | 21.0% |
| Consumer Discretionary | 8.7% | 14.9% |
| Information Technology | 8.0% | 13.3% |
| Industrials | 11.9% | 12.6% |
| Health Care | 10.0% | 7.4% |
| Other Sectors | 31.6% | 30.3% |
| Unclassified | 7.1% | 0.0% |
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 VIOV).
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% |
| VIOV | +3.7% | +23.2% | +39.7% | +13.8% | +8.4% | +10.4% | 1.64% |
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 VIOV →
Shared Holdings(341)
The top 10 shared positions account for 10% of the overlap, led by SM, JXN and AUB.
 SMSM Energy Co. COM | 0.54% | 0.81% | 0.54% |
|---|---|---|---|
 JXNJackson Financial, Inc., Class A | 0.50% | 0.85% | 0.50% |
 AUBAtlantic Union Bankshares Corp COM | 0.35% | 0.62% | 0.35% |
 CRCCalifornia Resources Corporation COM STOCK | 0.35% | 0.54% | 0.35% |
 MATXMatson Inc COM | 0.35% | 0.66% | 0.35% |
 MACThe Macerich Company COM | 0.34% | 0.35% | 0.34% |
 HCCWarrior Met Coal Inc COM | 0.33% | 0.33% | 0.33% |
 NENoble Corporation PLC ORD SHS A | 0.43% | 0.32% | 0.32% |
 HASIHannon Armstrong Sustainable Infrastructure Capital, Inc. | 0.32% | 0.35% | 0.32% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.31% | 0.58% | 0.31% |
 LBRTLiberty Energy, Inc., Class A | 0.31% | 0.55% | 0.31% |
 TDSTelephone and Data Systems Inc. COM NEW | 0.29% | 0.45% | 0.29% |
 MTHMeritage Homes Corp COM | 0.29% | 0.51% | 0.29% |
 BTUPeabody Energy Corp. COM | 0.28% | 0.38% | 0.28% |
 ABCBAmeris Bancorp COM | 0.35% | 0.27% | 0.27% |
 RDNRadian Group Inc. COM | 0.31% | 0.27% | 0.27% |
 ABGAsbury Automotive Group, Inc. COM | 0.26% | 0.43% | 0.26% |
 UCBUnited Community Banks Inc.(South Carolina) COM | 0.26% | 0.46% | 0.26% |
 PTENPatterson-UTI Energy Inc. COM | 0.26% | 0.45% | 0.26% |
 INDBIndependent Bank Corp. COM | 0.26% | 0.26% | 0.26% |
 ASOAcademy Sports and Outdoors Inc COM | 0.26% | 0.41% | 0.26% |
 FULTFulton Financial Corporation COM | 0.26% | 0.48% | 0.26% |
 ACAArcosa Inc COM | 0.26% | 0.26% | 0.26% |
 UNFUnifirst Corp COM | 0.25% | 0.27% | 0.25% |
 PECOPhillips Edison & Co Inc COMMON STOCK | 0.27% | 0.25% | 0.25% |
Showing the top 250 of 341 shared holdings by overlap weight.
Frequently Asked Questions
How much do IWN and VIOV overlap?
IWN and VIOV overlap by 37.4% of portfolio weight. They share 341 holdings (IWN holds 1406 positions and VIOV holds 460), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and VIOV?
The two portfolios are 37.4% 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 IWN and VIOV?
The largest positions held by both funds are SM, JXN, AUB, CRC and MATX. Together the top 10 shared positions account for 10% of the total overlap.
What does IWN own that VIOV doesn't?
1065 positions (60.6% of IWN) are unique to IWN, led by ECHO, TTMI and CDE. In the other direction, 119 positions (31.9% of VIOV) are unique to VIOV.