Both funds come from IShares. DGRO is a dividend-focused equity ETF, while IWP is a U.S. growth equity ETF. DGRO and IWP show limited overlap, with an estimated weighted overlap of 4.32%. They share 72 holdings in the loaded dataset, led by FAST, ARES, and BNY.
Served from cache.
Quick Answer
Both funds come from IShares. DGRO is a dividend-focused equity ETF, while IWP is a U.S. growth equity ETF. DGRO and IWP show limited overlap, with an estimated weighted overlap of 4.32%. They share 72 holdings in the loaded dataset, led by FAST, ARES, and BNY.
Data Freshness
Review the methodology for the overlap formula and refresh policy.
Compare another pair
Both funds come from IShares. DGRO is a dividend-focused equity ETF, while IWP is a U.S. growth equity ETF. DGRO and IWP do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like FAST, ARES, and BNY.
Both funds come from IShares. DGRO is a dividend-focused equity ETF, while IWP is a U.S. growth equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. DGRO has the lower expense ratio, while IWP charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 15.41% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
Because DGRO and IWP are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. DGRO has the lower expense ratio, while IWP charges more for its exposure.
Concentration
The top three shared holdings explain 15.41% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between DGRO and IWP.
| Holding | Name | DGRO Wt. | IWP Wt. | Overlap |
|---|---|---|---|---|
| FAST | FASTENAL COMPANY | 0.23% | 1.57% | 0.23% |
| ARES | ARES MANAGEMENT CORP | 0.22% | 0.74% | 0.22% |
| BNY | BANK OF NEW YORK MELLON CORP (THE) | 0.38% | 0.21% | 0.21% |
| SYY | SYSCO CORP | 0.20% | 0.66% | 0.20% |
| PSX | PHILLIPS 66 | 0.50% | 0.19% | 0.19% |
| YUM | YUM! BRANDS INC | 0.19% | 0.52% | 0.19% |
| DRI | DARDEN RESTAURANTS INC | 0.16% | 0.77% | 0.16% |
| MSCI | MSCI INC | 0.14% | 0.68% | 0.14% |
| AMP | AMERIPRISE FINANCIAL INC | 0.14% | 1.32% | 0.14% |
| ROST | ROSS STORES INC | 0.12% | 0.50% | 0.12% |
Both funds come from IShares. DGRO is a dividend-focused equity ETF, while IWP is a U.S. growth equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are FAST, ARES, and BNY, which appear in both portfolios and push the overlap score higher.
Holding both DGRO and IWP can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
Go deeper
Portwise gives you full portfolio diagnostics — concentration risk, hidden risk scoring, drawdown analysis, and risk evolution tracking. Free to start.
Stay informed
Portfolio overlap alerts, new comparison data, and investing insights from the CG Corp team. No spam, unsubscribe anytime.
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.