IWN vs VNQ: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
VNQVanguard Real Estate Index Fund
Vanguard · 146 holdings · $39.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (IWN: 2026-03-31, VNQ: 2026-04-30). 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 VNQ?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; Vanguard Real Estate Index Fund (VNQ, by Vanguard) holds 146. They have 71 holdings in common, and by portfolio weight the two funds are 7.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 71IWN holds 1406 · VNQ holds 146
- Weight in Shared Holdings
- IWN 8%·VNQ 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 IWN
1335 of 1406 positions (91.2% of the fund) are not held by VNQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | VNQ |
|---|---|---|
| Real Estate | 8.4% | 99.3% |
| 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% | 0.4% |
| 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 VNQ).
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% |
| VNQ | +0.0% | +13.4% | +13.9% | +9.7% | +2.2% | +4.9% | 3.53% |
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 VNQ →
Shared Holdings(71)
The top 10 shared positions account for 42% of the overlap, led by CTRE, AHR and TRNO.
 CTRECaretrust Reit Inc COM | 0.51% | 0.47% | 0.47% |
|---|---|---|---|
 AHRAmerican Healthcare REIT Inc. COM SHS | 0.38% | 0.48% | 0.38% |
 TRNOTerreno Realty Corporation COM | 0.43% | 0.36% | 0.36% |
 EPRTEssential Properties Realty Trust Inc. COM | 0.42% | 0.33% | 0.33% |
 KRGKite Realty Group Trust COM NEW | 0.37% | 0.30% | 0.30% |
 MACThe Macerich Company COM | 0.34% | 0.30% | 0.30% |
 SBRASabra Health Care REIT, Inc. COM | 0.33% | 0.27% | 0.27% |
 PECOPhillips Edison & Co Inc COMMON STOCK | 0.27% | 0.27% | 0.27% |
 IRTIndependence Realty Trust Inc COM | 0.25% | 0.21% | 0.21% |
 BNLBroadstone Net Lease Inc COM | 0.24% | 0.20% | 0.20% |
 NHINational Health Investors, Inc. COM | 0.20% | 0.19% | 0.19% |
 CDPCOPT Defense Properties SHS BEN INT | 0.24% | 0.19% | 0.19% |
 APLEApple Hospitality Reit Inc COM NEW | 0.18% | 0.16% | 0.16% |
 LXPLXP Industrial Trust COM | 0.19% | 0.16% | 0.16% |
 SLGSl Green Realty Corp COM | 0.18% | 0.16% | 0.16% |
 AKRAcadia Realty Trust COM SH BEN INT | 0.18% | 0.15% | 0.15% |
 UEUrban Edge Properties COM | 0.17% | 0.15% | 0.15% |
 FCPTFour Corners Property Trust Inc. COM | 0.17% | 0.14% | 0.14% |
 CWKCushman And Wakefield Ltd. COMMON SHARES | 0.14% | 0.17% | 0.14% |
 CURBCurbline Properties Corp. COM | 0.17% | 0.14% | 0.14% |
 IVTInventrust Properties Corporation COM NEW | 0.17% | 0.13% | 0.13% |
 NMRKNewmark Group, Inc., Class A | 0.16% | 0.13% | 0.13% |
 GNLGlobal Net Lease Inc COM NEW | 0.13% | 0.10% | 0.10% |
 LTCLTC Properties Inc COM | 0.12% | 0.10% | 0.10% |
 GTYGetty Realty Corp COM | 0.12% | 0.10% | 0.10% |
Frequently Asked Questions
How much do IWN and VNQ overlap?
IWN and VNQ overlap by 7.3% of portfolio weight. They share 71 holdings (IWN holds 1406 positions and VNQ holds 146), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and VNQ?
The two portfolios are 7.3% 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 VNQ?
The largest positions held by both funds are CTRE, AHR, TRNO, EPRT and KRG. Together the top 10 shared positions account for 42% of the total overlap.
What does IWN own that VNQ doesn't?
1335 positions (91.2% of IWN) are unique to IWN, led by ECHO, TTMI and CDE. In the other direction, 75 positions (91.7% of VNQ) are unique to VNQ.