IGV vs IWN Overlap
Both funds come from IShares. IGV is a technology-focused equity ETF, while IWN is a U.S. value equity ETF. IGV and IWN show limited overlap, with an estimated weighted overlap of 1.03%. They share 14 holdings in the loaded dataset, led by HUT, RIOT, and CIFR.
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Quick Answer
Both funds come from IShares. IGV is a technology-focused equity ETF, while IWN is a U.S. value equity ETF. IGV and IWN show limited overlap, with an estimated weighted overlap of 1.03%. They share 14 holdings in the loaded dataset, led by HUT, RIOT, and CIFR.
- 1.03% weighted overlap across 14 shared holdings.
- The top three shared holdings explain 52.52% of the measured overlap.
- IGV and IWN are closer in breadth than a broad-vs-niche ETF pair.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both can still add materially different exposure.
Data Freshness
- IGV holdings
- Mar 12, 2026
- IWN holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
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About These ETFs
What Stands Out In This Comparison
What This Means
Both funds come from IShares. IGV is a technology-focused equity ETF, while IWN is a U.S. value equity ETF. IGV and IWN 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 HUT, RIOT, and CIFR.
How They Differ
Both funds come from IShares. IGV is a technology-focused equity ETF, while IWN is a U.S. value equity ETF. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. IWN has the lower expense ratio, while IGV charges more for its exposure.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 52.52% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
When One May Fit Better
Because IGV and IWN are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. IWN has the lower expense ratio, while IGV charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 52.52% 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.
Top Shared Holdings
These are the holdings contributing the most to the overlap score between IGV and IWN.
| Holding | Name | IGV Wt. | IWN Wt. | Overlap |
|---|---|---|---|---|
| HUT | HUT CORP | 0.19% | 0.33% | 0.19% |
| RIOT | RIOT PLATFORMS INC | 0.19% | 0.35% | 0.19% |
| CIFR | CIPHER DIGITAL INC | 0.16% | 0.31% | 0.16% |
| MARA | MARA HOLDINGS INC | 0.13% | 0.22% | 0.13% |
| CLSK | CLEANSPARK INC | 0.11% | 0.18% | 0.11% |
| BOX | BOX INC CLASS A | 0.14% | 0.05% | 0.05% |
| CORZ | CORE SCIENTIFIC INC | 0.19% | 0.05% | 0.05% |
| NCR | NCR VOYIX CORP | 0.04% | 0.07% | 0.04% |
| BLKB | BLACKBAUD INC | 0.07% | 0.02% | 0.02% |
| ADEA | ADEIA INC | 0.10% | 0.02% | 0.02% |
Why These ETFs Overlap
Both funds come from IShares. IGV is a technology-focused equity ETF, while IWN is a U.S. value equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are HUT, RIOT, and CIFR, which appear in both portfolios and push the overlap score higher.
Holding both IGV and IWN 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.
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Frequently Asked Questions About IGV and IWN
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How Overlap Is Calculated
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.