VIOV vs IWN: Holdings Overlap
VIOVVanguard S&P Small-cap 600 Value Index Fund
Vanguard · 460 holdings · $1.9B · as of 2026-05-31
IWNiShares Russell 2000 Value ETF
iShares · 1406 holdings · $14.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (VIOV: 2026-05-31, IWN: 2026-03-31). 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 VIOV and IWN?
Vanguard S&P Small-cap 600 Value Index Fund (VIOV, by Vanguard) holds 460 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 341 holdings in common, and by portfolio weight the two funds are 37.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 37.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 341VIOV holds 460 · IWN holds 1406
- Weight in Shared Holdings
- VIOV 68%·IWN 39%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 VIOV
119 of 460 positions (31.9% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | VIOV | IWN |
|---|---|---|
| Financials | 21.0% | 22.4% |
| Consumer Discretionary | 14.9% | 8.7% |
| Information Technology | 13.3% | 8.0% |
| Industrials | 12.6% | 11.9% |
| Health Care | 7.4% | 10.0% |
| Other Sectors | 30.3% | 31.6% |
| Unclassified | 0.0% | 7.1% |
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 VIOV, 7% of IWN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VIOV | +3.7% | +23.2% | +39.7% | +13.8% | +8.4% | +10.4% | 1.64% |
| IWN | +2.4% | +25.3% | +42.6% | +16.8% | +9.0% | +10.2% | 1.41% |
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 VIOV vs IWN →
Shared Holdings(341)
The top 10 shared positions account for 10% of the overlap, led by SM, JXN and AUB.
 SMSM Energy Co. COM | 0.81% | 0.54% | 0.54% |
|---|---|---|---|
 JXNJackson Financial, Inc., Class A | 0.85% | 0.50% | 0.50% |
 AUBAtlantic Union Bankshares Corp COM | 0.62% | 0.35% | 0.35% |
 CRCCalifornia Resources Corporation COM STOCK | 0.54% | 0.35% | 0.35% |
 MATXMatson Inc COM | 0.66% | 0.35% | 0.35% |
 MACThe Macerich Company COM | 0.35% | 0.34% | 0.34% |
 HCCWarrior Met Coal Inc COM | 0.33% | 0.33% | 0.33% |
 NENoble Corporation PLC ORD SHS A | 0.32% | 0.43% | 0.32% |
 HASIHannon Armstrong Sustainable Infrastructure Capital, Inc. | 0.35% | 0.32% | 0.32% |
 MGYMagnolia Oil & Gas Corporation CL A | 0.58% | 0.31% | 0.31% |
 LBRTLiberty Energy, Inc., Class A | 0.55% | 0.31% | 0.31% |
 TDSTelephone and Data Systems Inc. COM NEW | 0.45% | 0.29% | 0.29% |
 MTHMeritage Homes Corp COM | 0.51% | 0.29% | 0.29% |
 BTUPeabody Energy Corp. COM | 0.38% | 0.28% | 0.28% |
 ABCBAmeris Bancorp COM | 0.27% | 0.35% | 0.27% |
 RDNRadian Group Inc. COM | 0.27% | 0.31% | 0.27% |
 ABGAsbury Automotive Group, Inc. COM | 0.43% | 0.26% | 0.26% |
 UCBUnited Community Banks Inc.(South Carolina) COM | 0.46% | 0.26% | 0.26% |
 PTENPatterson-UTI Energy Inc. COM | 0.45% | 0.26% | 0.26% |
 INDBIndependent Bank Corp. COM | 0.26% | 0.26% | 0.26% |
 ASOAcademy Sports and Outdoors Inc COM | 0.41% | 0.26% | 0.26% |
 FULTFulton Financial Corporation COM | 0.48% | 0.26% | 0.26% |
 ACAArcosa Inc COM | 0.26% | 0.26% | 0.26% |
 UNFUnifirst Corp COM | 0.27% | 0.25% | 0.25% |
 PECOPhillips Edison & Co Inc COMMON STOCK | 0.25% | 0.27% | 0.25% |
Showing the top 250 of 341 shared holdings by overlap weight.
Frequently Asked Questions
How much do VIOV and IWN overlap?
VIOV and IWN overlap by 37.4% of portfolio weight. They share 341 holdings (VIOV holds 460 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VIOV and IWN?
The two portfolios are 37.4% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of VIOV and IWN?
The largest positions held by both funds are SM, JXN, AUB, CRC and MATX. Together the top 10 shared positions account for 10% of the total overlap.
What does VIOV own that IWN doesn't?
119 positions (31.9% of VIOV) are unique to VIOV, led by ENPH, MOH and EMN. In the other direction, 1065 positions (60.6% of IWN) are unique to IWN.