VOE vs IWS: Holdings Overlap
VOEVanguard Mid-cap Value Index Fund
Vanguard · 170 holdings · $24.2B · as of 2026-03-31
IWSiShares Russell Mid-Cap Value ETF
iShares · 712 holdings · $15.9B · as of 2026-03-31
How similar are VOE and IWS?
Vanguard Mid-cap Value Index Fund (VOE, by Vanguard) holds 170 positions; iShares Russell Mid-Cap Value ETF (IWS, by iShares) holds 712. They have 143 holdings in common, and by portfolio weight the two funds are 43.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 43.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 143VOE holds 170 · IWS holds 712
- Weight in Shared Holdings
- VOE 77%·IWS 45%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 VOE
27 of 170 positions (22.9% of the fund) are not held by IWS.
Only in IWS
569 of 712 positions (55.1% of the fund) are not held by VOE. Showing the top 30 by weight.
Sector Breakdown
| Sector | VOE | IWS |
|---|---|---|
| Financials | 17.6% | 15.1% |
| Industrials | 13.6% | 17.1% |
| Energy | 13.0% | 8.5% |
| Utilities | 12.7% | 7.5% |
| Information Technology | 8.2% | 12.3% |
| Other Sectors | 34.4% | 39.1% |
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.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VOE | +3.2% | +17.9% | +26.2% | +15.9% | +10.1% | +10.8% | 1.80% |
| IWS | +3.3% | +22.1% | +29.8% | +16.6% | +9.8% | +10.4% | 1.27% |
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 VOE vs IWS →
Shared Holdings(143)
The top 10 shared positions account for 16% of the overlap, led by WDC, VLO and CMI.
 WDCWestern Digital Corp. COM | 0.86% | 0.94% | 0.86% |
|---|---|---|---|
 VLOValero Energy Corp. COM | 1.38% | 0.76% | 0.76% |
 CMICummins Inc. COM | 1.39% | 0.75% | 0.75% |
 MPCMarathon Petroleum Corp. COM | 1.35% | 0.75% | 0.75% |
 PSXPhillips 66 COM | 1.37% | 0.69% | 0.69% |
 LHXL3 Harris Technologies Inc COM | 1.21% | 0.66% | 0.66% |
 WBDWarner Bros. Discovery Inc. COM SER A | 1.21% | 0.65% | 0.65% |
 DLRDigital Realty Trust Inc. COM | 1.16% | 0.63% | 0.63% |
 BKRBaker Hughes Co., Class A | 1.13% | 0.62% | 0.62% |
 KMIKinder Morgan, Inc. COM | 0.59% | 0.66% | 0.59% |
 CTVACorteva Inc COM | 1.07% | 0.58% | 0.58% |
 OKEOneok Inc. COM | 1.07% | 0.57% | 0.57% |
 ALLThe Allstate Corporation COM | 1.01% | 0.55% | 0.55% |
 ETREntergy Corporation COM | 0.95% | 0.51% | 0.51% |
 EXCExelon Corp. COM | 0.93% | 0.50% | 0.50% |
 KEYSKeysight Technologies, Inc. COM | 0.91% | 0.49% | 0.49% |
 GLWCorning Incorporated COM | 0.49% | 1.08% | 0.49% |
 SPGSimon Property Group Inc COM | 0.54% | 0.48% | 0.48% |
 EAElectronic Arts Inc. COM | 0.48% | 0.52% | 0.48% |
 XELXcel Energy Inc COM | 0.93% | 0.48% | 0.48% |
 URIUnited Rentals, Inc. COM | 0.86% | 0.47% | 0.47% |
 OXYOccidental Petroleum Corp. COM | 0.90% | 0.47% | 0.47% |
 FFord Motor Company COM | 0.85% | 0.46% | 0.46% |
 DALDelta Air Lines Inc. COM NEW | 0.81% | 0.44% | 0.44% |
 WABWestinghouse Air Brake Technologies Corp. | 0.80% | 0.43% | 0.43% |
Frequently Asked Questions
How much do VOE and IWS overlap?
VOE and IWS overlap by 43.3% of portfolio weight. They share 143 holdings (VOE holds 170 positions and IWS holds 712), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VOE and IWS?
The two portfolios are 43.3% 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 VOE and IWS?
The largest positions held by both funds are WDC, VLO, CMI, MPC and PSX. Together the top 10 shared positions account for 16% of the total overlap.
What does VOE own that IWS doesn't?
27 positions (22.9% of VOE) are unique to VOE, led by SLB, CRH and GM. In the other direction, 569 positions (55.1% of IWS) are unique to IWS.