IWN vs VPU: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
VPUVanguard Utilities Index Fund
Vanguard · 66 holdings · $8.5B · as of 2026-05-31
Holdings snapshots are 61 days apart (IWN: 2026-03-31, VPU: 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 VPU?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; Vanguard Utilities Index Fund (VPU, by Vanguard) holds 66. They have 25 holdings in common, and by portfolio weight the two funds are 5.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25IWN holds 1406 · VPU holds 66
- Weight in Shared Holdings
- IWN 5%·VPU 5%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
1381 of 1406 positions (94.3% of the fund) are not held by VPU. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | VPU |
|---|---|---|
| Utilities | 5.3% | 99.6% |
| Financials | 22.4% | 0.0% |
| Industrials | 11.9% | 0.0% |
| Health Care | 10.0% | 0.0% |
| Consumer Discretionary | 8.7% | 0.0% |
| Other Sectors | 34.2% | 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 VPU).
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% |
| VPU | -4.3% | +3.4% | +3.8% | +14.2% | +8.4% | +8.8% | 2.74% |
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 VPU →
Shared Holdings(25)
The top 10 shared positions account for 70% of the overlap, led by ORA, TXNM and POR.
 ORAOrmat Technologies Inc. COM | 0.47% | 0.44% | 0.44% |
|---|---|---|---|
 TXNMTXNM Energy Inc. COM | 0.40% | 0.38% | 0.38% |
 PORPortland General Electric Company COM NEW | 0.41% | 0.37% | 0.37% |
 NJRNew Jersey Resources Corporation | 0.38% | 0.37% | 0.37% |
 BKHBlack Hills Corporation COM | 0.36% | 0.36% | 0.36% |
 SWXSouthwest Gas Holdings Inc COM | 0.41% | 0.35% | 0.35% |
 SRSpire Inc COM | 0.36% | 0.32% | 0.32% |
 OKLOOklo, Inc., Class A | 0.32% | 0.39% | 0.32% |
 OGSONE Gas, Inc. COM | 0.36% | 0.31% | 0.31% |
 NWENorthWestern Energy Group Inc COM NEW | 0.28% | 0.29% | 0.28% |
 AVAAvista Corporation COM | 0.23% | 0.22% | 0.22% |
 OTTROtter Tail Corporation COM | 0.22% | 0.22% | 0.22% |
 CWTCalifornia Water Service Group COM | 0.19% | 0.18% | 0.18% |
 HEHawaiian Electric Industries, Inc. COM | 0.17% | 0.15% | 0.15% |
 CPKChesapeake Utilities Corporation COM | 0.13% | 0.19% | 0.13% |
 HTOH2O America COM | 0.13% | 0.14% | 0.13% |
 NWNNorthwest Natural Holding Company COM | 0.15% | 0.13% | 0.13% |
 MGEEMGE Energy Inc. COM | 0.09% | 0.18% | 0.09% |
 AWRAmerican States Water Co. COM | 0.07% | 0.20% | 0.07% |
 UTLUnitil Corp COM | 0.06% | 0.06% | 0.06% |
 MSEXMiddlesex Water Co. COM | 0.06% | 0.06% | 0.06% |
 YORWThe York Water Co. COM | 0.02% | 0.03% | 0.02% |
 CWCOConsolidated Water Co. Ltd. | 0.02% | 0.03% | 0.02% |
| Genie Energy Ltd., Class B | 0.02% | 0.01% | 0.01% |
 HNRGHallador Energy Co COM | 0.00% | 0.04% | 0.00% |
Frequently Asked Questions
How much do IWN and VPU overlap?
IWN and VPU overlap by 5.0% of portfolio weight. They share 25 holdings (IWN holds 1406 positions and VPU holds 66), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and VPU?
The two portfolios are 5.0% 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 VPU?
The largest positions held by both funds are ORA, TXNM, POR, NJR and BKH. Together the top 10 shared positions account for 70% of the total overlap.
What does IWN own that VPU doesn't?
1381 positions (94.3% of IWN) are unique to IWN, led by ECHO, TTMI and CDE. In the other direction, 41 positions (94.2% of VPU) are unique to VPU.