IWP vs XLI: Holdings Overlap
IWPiShares Russell Mid-Cap Growth ETF
iShares · 277 holdings · $20.5B · as of 2026-03-31
XLIState Street® Industrial Select Sector SPDR® ETF
State Street (SPDR) · 83 holdings · $34.2B · as of 2026-08-06
Holdings snapshots are 128 days apart (IWP: 2026-03-31, XLI: 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 XLI?
iShares Russell Mid-Cap Growth ETF (IWP, by iShares) holds 277 positions; State Street® Industrial Select Sector SPDR® ETF (XLI, by State Street (SPDR)) holds 83. They have 19 holdings in common, and by portfolio weight the two funds are 12.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19IWP holds 277 · XLI holds 83
- Weight in Shared Holdings
- IWP 19%·XLI 15%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
258 of 277 positions (81.1% of the fund) are not held by XLI. Showing the top 30 by weight.
Sector Breakdown
| Sector | IWP | XLI |
|---|---|---|
| Industrials | 24.4% | 99.9% |
| 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% |
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% |
| XLI | +1.5% | +20.0% | +24.5% | +20.8% | +14.0% | +14.2% | 1.11% |
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 XLI →
Shared Holdings(19)
The top 10 shared positions account for 87% of the overlap, led by HWM, VRT and PWR.
 HWMHowmet Aerospace Inc COM | 3.32% | 1.99% | 1.99% |
|---|---|---|---|
 VRTVertiv Holdings Co., Class A | 3.43% | 1.82% | 1.82% |
 PWRQuanta Services, Inc. COM | 2.25% | 1.73% | 1.73% |
 FIXComfort Systems USA Inc. COM | 1.73% | 1.04% | 1.04% |
 FASTFastenal Co. COM | 1.57% | 1.00% | 1.00% |
 GWWW.w. Grainger Inc. COM | 1.46% | 0.96% | 0.96% |
 AXONAxon Enterprise Inc COM | 1.16% | 0.72% | 0.72% |
 VRSKVerisk Analytics, Inc., Class A | 0.57% | 0.43% | 0.43% |
 EMEEmcor Group Inc COM | 0.41% | 0.62% | 0.41% |
 PAYXPaychex Inc COM | 0.34% | 0.67% | 0.34% |
 BRBroadridge Financial Solutions Inc. COM | 0.62% | 0.33% | 0.33% |
 VLTOVeralto Corp. COM SHS | 0.31% | 0.41% | 0.31% |
 LIILennox International Inc. COM | 0.53% | 0.24% | 0.24% |
 ROLRollins Inc COM | 0.58% | 0.19% | 0.19% |
 EFXEquifax Inc. COM | 0.14% | 0.36% | 0.14% |
 ROKRockwell Automation, Inc. COM | 0.12% | 0.85% | 0.12% |
 FERGFerguson Enterprises Inc COMMON STOCK NEW | 0.09% | 0.85% | 0.09% |
 ODFLOld Dominion Freight Line Inc. COM | 0.07% | 0.67% | 0.07% |
 LUVSouthwest Airlines Co. COM | 0.07% | 0.39% | 0.07% |
Frequently Asked Questions
How much do IWP and XLI overlap?
IWP and XLI overlap by 12.0% of portfolio weight. They share 19 holdings (IWP holds 277 positions and XLI holds 83), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IWP and XLI?
The two portfolios are 12.0% 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 IWP and XLI?
The largest positions held by both funds are HWM, VRT, PWR, FIX and FAST. Together the top 10 shared positions account for 87% of the total overlap.
What does IWP own that XLI doesn't?
258 positions (81.1% of IWP) are unique to IWP, led by RCL, HLT and NET. In the other direction, 64 positions (84.7% of XLI) are unique to XLI.