IWP vs USMV: Holdings Overlap
IWPiShares Russell Mid-Cap Growth ETF
iShares · 277 holdings · $20.5B · as of 2026-03-31
USMViShares MSCI USA Min Vol Factor ETF
iShares · 170 holdings · $24.1B · as of 2026-04-30
Holdings snapshots are 30 days apart (IWP: 2026-03-31, USMV: 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 IWP and USMV?
iShares Russell Mid-Cap Growth ETF (IWP, by iShares) holds 277 positions; iShares MSCI USA Min Vol Factor ETF (USMV, by iShares) holds 170. They have 23 holdings in common, and by portfolio weight the two funds are 5.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23IWP holds 277 · USMV holds 170
- Weight in Shared Holdings
- IWP 13%·USMV 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 IWP
254 of 277 positions (87.2% of the fund) are not held by USMV. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWP | USMV |
|---|---|---|
| Information Technology | 15.6% | 29.2% |
| Industrials | 24.4% | 6.9% |
| Consumer Discretionary | 21.2% | 5.9% |
| Health Care | 14.9% | 12.7% |
| Financials | 8.5% | 13.7% |
| Other Sectors | 15.3% | 31.3% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IWP | +1.5% | +5.4% | +3.1% | +14.6% | +5.1% | +12.1% | 0.34% |
| USMV | +2.3% | +7.6% | +10.3% | +12.2% | +7.4% | +9.9% | 1.44% |
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 IWP vs USMV →
Shared Holdings(23)
The top 10 shared positions account for 81% of the overlap, led by COR, YUM and TYL.
 CORCencora Inc COM | 2.07% | 1.28% | 1.28% |
|---|---|---|---|
 YUMYum! Brands Inc. COM | 0.52% | 0.98% | 0.52% |
 TYLTyler Technologies Inc. COM | 0.44% | 0.46% | 0.44% |
 ROLRollins Inc COM | 0.58% | 0.40% | 0.40% |
 GDDYGoDaddy, Inc., Class A | 0.40% | 0.40% | 0.40% |
 ALNYAlnylam Pharmaceuticals Inc. COM | 1.51% | 0.31% | 0.31% |
 NBIXNeurocrine Biosciences Inc COM | 0.39% | 0.31% | 0.31% |
 FICOFair Isaac Corporation COM | 0.73% | 0.26% | 0.26% |
 LNGCheniere Energy Inc COM NEW | 0.98% | 0.21% | 0.21% |
 FWONKLiberty Media Corp.-Liberty Formula One, Class C | 0.20% | 0.56% | 0.20% |
 INCYIncyte Corporation. COM | 0.14% | 0.54% | 0.14% |
 HSYHershey Co. (The) COM | 0.13% | 0.23% | 0.13% |
 VRSKVerisk Analytics, Inc., Class A | 0.57% | 0.13% | 0.13% |
 SUISun Communities, Inc. COM | 0.11% | 0.54% | 0.11% |
 ALABAstera Labs Inc COM | 0.51% | 0.09% | 0.09% |
 CAHCardinal Health, Inc. COM | 0.91% | 0.08% | 0.08% |
 PTCPTC Inc COM | 0.07% | 0.55% | 0.07% |
 DDOGDatadog, Inc., Class A | 1.33% | 0.06% | 0.06% |
 HUBSHubspot Inc COM | 0.45% | 0.05% | 0.05% |
 PODDInsulet Corporation COM | 0.53% | 0.04% | 0.04% |
 TWTradeweb Markets, Inc., Class A | 0.04% | 0.16% | 0.04% |
 CDWCDW Corp COM | 0.04% | 0.06% | 0.04% |
 GENGen Digital Inc COM | 0.04% | 0.20% | 0.04% |
Frequently Asked Questions
How much do IWP and USMV overlap?
IWP and USMV overlap by 5.3% of portfolio weight. They share 23 holdings (IWP holds 277 positions and USMV holds 170), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWP and USMV?
The two portfolios are 5.3% 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 IWP and USMV?
The largest positions held by both funds are COR, YUM, TYL, ROL and GDDY. Together the top 10 shared positions account for 81% of the total overlap.
What does IWP own that USMV doesn't?
254 positions (87.2% of IWP) are unique to IWP, led by VRT, HWM and RCL. In the other direction, 147 positions (91.8% of USMV) are unique to USMV.