IWN vs XOP: Holdings Overlap
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
XOPState Street® SPDR® S&P® Oil & Gas Exploration & Production ETF
State Street (SPDR) · 52 holdings · $3.6B · as of 2026-08-06
Holdings snapshots are 128 days apart (IWN: 2026-03-31, XOP: 2026-08-06). 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 XOP?
iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406 positions; State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF (XOP, by State Street (SPDR)) holds 52. They have 23 holdings in common, and by portfolio weight the two funds are 3.8% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23IWN holds 1406 · XOP holds 52
- Weight in Shared Holdings
- IWN 4%·XOP 34%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
1383 of 1406 positions (95.9% of the fund) are not held by XOP. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWN | XOP |
|---|---|---|
| Energy | 8.5% | 99.5% |
| 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% | 0.0% |
| Unclassified | 7.1% | 0.4% |
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 XOP).
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% |
| XOP | +5.7% | +33.0% | +39.0% | +7.2% | +18.0% | +3.7% | 1.95% |
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 XOP →
Shared Holdings(23)
The top 10 shared positions account for 79% of the overlap, led by SM, MUR and CNX.
 SMSM Energy Co. COM | 0.54% | 2.20% | 0.54% |
|---|---|---|---|
 MURMurphy Oil Corporation COM | 0.39% | 2.08% | 0.39% |
 CNXCNX Resources Corporation COM | 0.37% | 2.66% | 0.37% |
 CRCCalifornia Resources Corporation COM STOCK | 0.35% | 2.24% | 0.35% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.31% | 2.24% | 0.31% |
 PBFPBF Energy, Inc., Class A | 0.28% | 3.61% | 0.28% |
 CRGYCrescent Energy, Inc., Class A | 0.24% | 2.43% | 0.24% |
 NOGNorthern Oil And Gas, Inc. COM | 0.19% | 1.94% | 0.19% |
 PARRPar Pacific Holdings, Inc. COM NEW | 0.15% | 3.01% | 0.15% |
 CLMTCalumet Inc COM | 0.15% | 2.41% | 0.15% |
 TALOTalos Energy Inc COM | 0.14% | 1.49% | 0.14% |
 KOSKosmos Energy Ltd COM | 0.09% | 1.24% | 0.09% |
 GPREGreen Plains Inc. COM | 0.08% | 1.00% | 0.08% |
 DECDiversified Energy Co. COMMON STOCK | 0.08% | 0.68% | 0.08% |
 WKCWorld Kinect Corporation COM | 0.08% | 1.30% | 0.08% |
 REXRex American Resources Corp COM | 0.07% | 0.47% | 0.07% |
 BKVBKV Corporation COM | 0.05% | 0.82% | 0.05% |
 GEVOGevo Inc. COM PAR | 0.04% | 0.38% | 0.04% |
 EGYVaalco Energy Inc COM NEW | 0.04% | 0.45% | 0.04% |
 VTSVitesse Energy Inc. COMMON STOCK | 0.04% | 0.41% | 0.04% |
 SDSandridge Energy, Inc. COM NEW | 0.04% | 0.33% | 0.04% |
 CRKComstock Resources, Inc. COM | 0.03% | 0.94% | 0.03% |
 CLNEClean Energy Fuels Corp. COM | 0.03% | 0.16% | 0.03% |
Frequently Asked Questions
How much do IWN and XOP overlap?
IWN and XOP overlap by 3.8% of portfolio weight. They share 23 holdings (IWN holds 1406 positions and XOP holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWN and XOP?
The two portfolios are 3.8% 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 XOP?
The largest positions held by both funds are SM, MUR, CNX, CRC and MGY. Together the top 10 shared positions account for 79% of the total overlap.
What does IWN own that XOP doesn't?
1383 positions (95.9% of IWN) are unique to IWN, led by ECHO, TTMI and CDE. In the other direction, 29 positions (65.4% of XOP) are unique to XOP.