IWP vs XAR: Holdings Overlap
IWPiShares Russell Mid-Cap Growth ETF
iShares · 277 holdings · $20.5B · as of 2026-03-31
XARState Street® SPDR® S&P® Aerospace & Defense ETF
State Street (SPDR) · 47 holdings · $6.4B · as of 2026-08-06
Holdings snapshots are 128 days apart (IWP: 2026-03-31, XAR: 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 IWP and XAR?
iShares Russell Mid-Cap Growth ETF (IWP, by iShares) holds 277 positions; State Street® SPDR® S&P® Aerospace & Defense ETF (XAR, by State Street (SPDR)) holds 47. They have 11 holdings in common, and by portfolio weight the two funds are 7.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 11IWP holds 277 · XAR holds 47
- Weight in Shared Holdings
- IWP 7%·XAR 29%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
266 of 277 positions (92.4% of the fund) are not held by XAR. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWP | XAR |
|---|---|---|
| Industrials | 24.4% | 98.4% |
| Consumer Discretionary | 21.2% | 0.0% |
| Information Technology | 15.6% | 0.0% |
| Health Care | 14.9% | 0.0% |
| Financials | 8.5% | 0.0% |
| Other Sectors | 15.3% | 0.0% |
| Unclassified | 0.0% | 1.6% |
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 (0% of IWP, 2% of XAR).
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% |
| XAR | +2.7% | +19.0% | +33.7% | +33.2% | +18.5% | +18.1% | 0.28% |
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 XAR →
Shared Holdings(11)
The top 10 shared positions account for 100% of the overlap, led by HWM, AXON and RKLB.
 HWMHowmet Aerospace Inc COM | 3.32% | 3.00% | 3.00% |
|---|---|---|---|
 AXONAxon Enterprise Inc COM | 1.16% | 3.02% | 1.16% |
 RKLBRocket Lab Corp. COM | 1.13% | 1.86% | 1.13% |
 FTAIFTAI Aviation Ltd COM USD0.01 | 0.90% | 2.54% | 0.90% |
 HEIHeico Corp COM | 0.42% | 2.93% | 0.42% |
 KRMNKarman Holdings Inc. COMMON STOCK | 0.15% | 3.11% | 0.15% |
 CRSCarpenter Technology Corporation COM | 0.12% | 2.76% | 0.12% |
 BWXTBWX Technologies Inc. COM | 0.12% | 2.36% | 0.12% |
 LOARLoar Holdings Inc COM SHS | 0.08% | 1.83% | 0.08% |
 DRSLeonardo DRS Inc COM | 0.05% | 2.11% | 0.05% |
 SAROStandardAero Inc. COM | 0.02% | 3.13% | 0.02% |
Frequently Asked Questions
How much do IWP and XAR overlap?
IWP and XAR overlap by 7.1% of portfolio weight. They share 11 holdings (IWP holds 277 positions and XAR holds 47), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWP and XAR?
The two portfolios are 7.1% 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 XAR?
The largest positions held by both funds are HWM, AXON, RKLB, FTAI and HEI. Together the top 10 shared positions account for 100% of the total overlap.
What does IWP own that XAR doesn't?
266 positions (92.4% of IWP) are unique to IWP, led by VRT, RCL and HLT. In the other direction, 36 positions (71.3% of XAR) are unique to XAR.