IWN vs VOX: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
VOXVanguard Communication Services Index Fund
Vanguard · 114 holdings · $5.9B · as of 2026-05-31
Holdings snapshots are 61 days apart (IWN: 2026-03-31, VOX: 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 VOX?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; Vanguard Communication Services Index Fund (VOX, by Vanguard) holds 114. They have 41 holdings in common, and by portfolio weight the two funds are 2.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 41IWN holds 1406 · VOX holds 114
- Weight in Shared Holdings
- IWN 3%·VOX 4%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
1365 of 1406 positions (96.8% of the fund) are not held by VOX. Showing the top 30 by weight.
Only in VOX
73 of 114 positions (96.0% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | VOX |
|---|---|---|
| Communication Services | 2.8% | 99.7% |
| Financials | 22.4% | 0.0% |
| Industrials | 11.9% | 0.0% |
| Health Care | 10.0% | 0.0% |
| Consumer Discretionary | 8.7% | 0.0% |
| Other Sectors | 36.8% | 0.0% |
| 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 VOX).
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% |
| VOX | -1.3% | -2.7% | +8.9% | +20.4% | +6.4% | +8.3% | 1.05% |
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 VOX →
Shared Holdings(41)
The top 10 shared positions account for 80% of the overlap, led by ECHO, TDS and SPHR.
 ECHOEchoStar Corp., Class A | 1.09% | 1.09% | 1.09% |
|---|---|---|---|
 TDSTelephone and Data Systems Inc. COM NEW | 0.29% | 0.24% | 0.24% |
 SPHRSphere Entertainment Co., Class A | 0.22% | 0.21% | 0.21% |
 LIONLionsgate Studios Corp. COM | 0.14% | 0.17% | 0.14% |
 ZDZiff Davis Inc COM | 0.11% | 0.11% | 0.11% |
 UNITUniti Group LLC COM SHS | 0.11% | 0.10% | 0.10% |
 LILAKLiberty Latin America Ltd COM USD0.01 CL C | 0.08% | 0.07% | 0.07% |
 LUMNLumen Technologies Inc COM | 0.05% | 0.64% | 0.05% |
 SHENShenandoah Telecommunications Co. COM | 0.05% | 0.04% | 0.04% |
 TRIPTripadvisor Inc COM | 0.04% | 0.07% | 0.04% |
 AMCAMC Entertainment Holdings, Inc., Class A | 0.03% | 0.05% | 0.03% |
 SCHLScholastic Corporation COM | 0.06% | 0.03% | 0.03% |
 SBGISinclair, Inc., Class A | 0.03% | 0.03% | 0.03% |
 CARSCars.com Inc COM | 0.03% | 0.04% | 0.03% |
 RUMRumble, Inc., Class A | 0.03% | 0.04% | 0.03% |
 BANDBandwidth, Inc., Class A | 0.03% | 0.11% | 0.03% |
 MCSMarcus Corp. (The) | 0.03% | 0.03% | 0.03% |
 IHRTiHeartMedia, Inc., Class A | 0.02% | 0.03% | 0.02% |
 SSTKShutterstock Inc COM | 0.03% | 0.02% | 0.02% |
| Nextdoor Holdings Inc. COM CL A | 0.02% | 0.03% | 0.02% |
| PubMatic, Inc., Class A | 0.02% | 0.03% | 0.02% |
 GTNGray Media Inc. COM | 0.03% | 0.02% | 0.02% |
| ATN International Inc. COM | 0.02% | 0.02% | 0.02% |
| Boston Omaha Corp. CL A COM STK | 0.02% | 0.02% | 0.02% |
 CABOCable One Inc COM | 0.03% | 0.02% | 0.02% |
Frequently Asked Questions
How much do IWN and VOX overlap?
IWN and VOX overlap by 2.6% of portfolio weight. They share 41 holdings (IWN holds 1406 positions and VOX holds 114), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and VOX?
The two portfolios are 2.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IWN and VOX?
The largest positions held by both funds are ECHO, TDS, SPHR, LION and ZD. Together the top 10 shared positions account for 80% of the total overlap.
What does IWN own that VOX doesn't?
1365 positions (96.8% of IWN) are unique to IWN, led by TTMI, CDE and HL. In the other direction, 73 positions (96.0% of VOX) are unique to VOX.