IVW vs IWR Overlap
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWR is a mid-cap U.S. equity ETF. IVW and IWR show limited overlap, with an estimated weighted overlap of 5.74%. They share 57 holdings in the loaded dataset, led by HWM, SNDK, and PWR.
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Quick Answer
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWR is a mid-cap U.S. equity ETF. IVW and IWR show limited overlap, with an estimated weighted overlap of 5.74%. They share 57 holdings in the loaded dataset, led by HWM, SNDK, and PWR.
- 5.74% weighted overlap across 57 shared holdings.
- The top three shared holdings explain 15.87% of the measured overlap.
- IVW is the broader fund, while IWR is more targeted.
- 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
- IVW holdings
- Mar 12, 2026
- IWR 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. IVW is a U.S. growth equity ETF, while IWR is a mid-cap U.S. equity ETF. IVW and IWR 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 HWM, SNDK, and PWR.
How They Differ
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWR is a mid-cap U.S. equity ETF. IVW is the broader fund, while IWR is the more targeted sleeve. IVW and IWR 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 15.87% 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, IWR is the narrower expression. IVW and IWR are priced very similarly on expense ratio.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 15.87% 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 IWR.
| Holding | Name | IVW Wt. | IWR Wt. | Overlap |
|---|---|---|---|---|
| HWM | HOWMET AEROSPACE INC | 0.34% | 0.79% | 0.34% |
| SNDK | SANDISK CORP | 0.30% | 0.68% | 0.30% |
| PWR | QUANTA SERVICES INC | 0.28% | 0.65% | 0.28% |
| GLW | CORNING INC | 0.24% | 0.83% | 0.24% |
| 0I1W.L | ROYAL CARIBBEAN GROUP LTD | 0.24% | 0.56% | 0.24% |
| HLT | HILTON WORLDWIDE HOLDINGS INC | 0.23% | 0.53% | 0.23% |
| HOOD | ROBINHOOD MARKETS INC CLASS A | 0.20% | 0.45% | 0.20% |
| VST | VISTRA CORP | 0.17% | 0.43% | 0.17% |
| CMI | CUMMINS INC | 0.17% | 0.60% | 0.17% |
| BK | BANK OF NEW YORK MELLON CORP | 0.17% | 0.63% | 0.17% |
Why These ETFs Overlap
Both funds come from IShares. IVW is a U.S. growth equity ETF, while IWR is a mid-cap U.S. equity ETF. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are HWM, SNDK, and PWR, which appear in both portfolios and push the overlap score higher.
Holding both IVW and IWR 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 IVW and IWR
What is the overlap between IVW and IWR?+
How many holdings do IVW and IWR share?+
Is the IVW and IWR overlap high?+
Why do IVW and IWR overlap?+
Which ETF is broader, IVW or IWR?+
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.