VTWO vs IWN: Holdings Overlap
VTWOVanguard Russell 2000 Index Fund
Vanguard · 1952 holdings · $17.4B · 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 (VTWO: 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 VTWO and IWN?
Vanguard Russell 2000 Index Fund (VTWO, by Vanguard) holds 1952 positions; iShares Russell 2000 Value ETF (IWN, by iShares) holds 1406. They have 1378 holdings in common, and by portfolio weight the two funds are 52.4% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 52.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1378VTWO holds 1952 · IWN holds 1406
- Weight in Shared Holdings
- VTWO 60%·IWN 98%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 VTWO
574 of 1952 positions (39.6% of the fund) are not held by IWN. Showing the top 30 by weight.
Sector Breakdown
| Sector | VTWO | IWN |
|---|---|---|
| Financials | 14.3% | 22.4% |
| Industrials | 19.4% | 11.9% |
| Information Technology | 17.8% | 8.0% |
| Health Care | 15.5% | 10.0% |
| Consumer Discretionary | 7.3% | 8.7% |
| Other Sectors | 20.8% | 31.6% |
| Unclassified | 4.8% | 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 (5% of VTWO, 7% of IWN).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VTWO | +1.8% | +23.1% | +38.8% | +17.3% | +7.7% | +11.0% | 1.07% |
| 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 VTWO vs IWN →
Shared Holdings(1378)
The top 10 shared positions account for 7% of the overlap, led by CDE, TTMI and ECHO.
 CDECoeur Mining Inc COM NEW | 0.58% | 0.66% | 0.58% |
|---|---|---|---|
 TTMITTM Technologies Inc COM | 0.52% | 0.69% | 0.52% |
 ECHOEchoStar Corp., Class A | 0.51% | 1.09% | 0.51% |
 HLHecla Mining Company COM | 0.33% | 0.62% | 0.33% |
 HUTHut 8 Corp. COM | 0.36% | 0.32% | 0.32% |
 VSATViaSat, Inc. COM | 0.29% | 0.39% | 0.29% |
 CYTKCytokinetics Incorporated | 0.29% | 0.48% | 0.29% |
 UMBFUMB Financial Corporation | 0.28% | 0.52% | 0.28% |
 RIOTRiot Platforms Inc COM | 0.28% | 0.30% | 0.28% |
 CTRECaretrust Reit Inc COM | 0.27% | 0.51% | 0.27% |
 PRAXPraxis Precision Medicines Inc COM NEW | 0.26% | 0.53% | 0.26% |
 SANMSanmina Corporation | 0.41% | 0.26% | 0.26% |
 AHRAmerican Healthcare REIT Inc. COM SHS | 0.26% | 0.38% | 0.26% |
 CMCCommercial Metals Company COM | 0.25% | 0.47% | 0.25% |
 ONBOld National Bancorp COM | 0.25% | 0.47% | 0.25% |
 ENSEnerSys COM | 0.25% | 0.42% | 0.25% |
 ORAOrmat Technologies Inc. COM | 0.25% | 0.47% | 0.25% |
 NXTNextpower Inc. CLASS A COM | 0.67% | 0.24% | 0.24% |
 OKLOOklo, Inc., Class A | 0.24% | 0.32% | 0.24% |
 CIFRCipher Digital Inc. COM | 0.23% | 0.29% | 0.23% |
 SMSM Energy Co. COM | 0.22% | 0.54% | 0.22% |
 FLRFluor Corporation COM | 0.22% | 0.52% | 0.22% |
 JBTMJBT Marel Corp. COM | 0.21% | 0.24% | 0.21% |
 JXNJackson Financial, Inc., Class A | 0.20% | 0.50% | 0.20% |
 TRNOTerreno Realty Corporation COM | 0.20% | 0.43% | 0.20% |
Showing the top 250 of 1378 shared holdings by overlap weight.
Frequently Asked Questions
How much do VTWO and IWN overlap?
VTWO and IWN overlap by 52.4% of portfolio weight. They share 1378 holdings (VTWO holds 1952 positions and IWN holds 1406), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VTWO and IWN?
The two portfolios are 52.4% 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 VTWO and IWN?
The largest positions held by both funds are CDE, TTMI, ECHO, HL and HUT. Together the top 10 shared positions account for 7% of the total overlap.
What does VTWO own that IWN doesn't?
574 positions (39.6% of VTWO) are unique to VTWO, led by BE, CRDO and STRL. In the other direction, 28 positions (1.3% of IWN) are unique to IWN.