IVW vs IWD Overlap
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWD is a U.S. value equity ETF. IVW and IWD show meaningful overlap, with an estimated weighted overlap of 27.64%. They share 85 holdings in the loaded dataset, led by BRK-B, GOOGL, and AMZN.
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Quick Answer
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWD is a U.S. value equity ETF. IVW and IWD show meaningful overlap, with an estimated weighted overlap of 27.64%. They share 85 holdings in the loaded dataset, led by BRK-B, GOOGL, and AMZN.
- 27.64% weighted overlap across 85 shared holdings.
- The top three shared holdings explain 24.64% of the measured overlap.
- IVW is the broader fund, while IWD is more targeted.
- The overlap is mostly explained by the top shared positions rather than sector labels alone.
- Holding both may add less diversification than the fund names imply.
Data Freshness
- IVW holdings
- Mar 12, 2026
- IWD holdings
- Mar 12, 2026
- Overlap computed
- Mar 14, 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. IVW is a U.S. growth equity ETF, while IWD is a U.S. value equity ETF. IVW and IWD overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as BRK-B, GOOGL, and AMZN, which explains why the score lands at 27.64%.
How They Differ
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWD is a U.S. value equity ETF. IVW is the broader fund, while IWD is the more targeted sleeve. IVW and IWD are priced very similarly on expense ratio.
What Drives The Overlap
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 24.64% 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
If you want the broader portfolio building block, IVW is usually the wider choice. If you want the more focused tilt, IWD is the narrower expression. IVW and IWD are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 24.64% 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 IVW and IWD.
| Holding | Name | IVW Wt. | IWD Wt. | Overlap |
|---|---|---|---|---|
| BRK-B | BERKSHIRE HATHAWAY INC CLASS B | 2.97% | 2.94% | 2.94% |
| GOOGL | ALPHABET INC CLASS A | 5.86% | 2.04% | 2.04% |
| AMZN | AMAZON COM INC | 3.63% | 1.82% | 1.82% |
| JPM | JPMORGAN CHASE & CO | 1.75% | 2.53% | 1.75% |
| GOOG | ALPHABET INC CLASS C | 4.68% | 1.66% | 1.66% |
| MU | MICRON TECHNOLOGY INC | 1.48% | 1.45% | 1.45% |
| JNJ | JOHNSON & JOHNSON | 1.14% | 1.89% | 1.14% |
| CAT | CATERPILLAR INC | 1.10% | 0.94% | 0.94% |
| RTX | RTX CORP | 0.91% | 0.89% | 0.89% |
| META | META PLATFORMS INC CLASS A | 4.67% | 0.82% | 0.82% |
Why These ETFs Overlap
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWD 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 BRK-B, GOOGL, and AMZN, which appear in both portfolios and push the overlap score higher.
Holding both IVW and IWD can still be reasonable, but you should expect some duplication. The decision comes down to whether the non-overlapping parts of each ETF are important enough for your strategy.
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Frequently Asked Questions About IVW and IWD
What is the overlap between IVW and IWD?+
How many holdings do IVW and IWD share?+
Is the IVW and IWD overlap high?+
Why do IVW and IWD overlap?+
Which ETF is broader, IVW or IWD?+
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.