Both funds come from IShares. IWM is an equity ETF, while IWN is a U.S. value equity ETF. IWM and IWN show heavy overlap, with an estimated weighted overlap of 63.28%. They share 1405 holdings in the loaded dataset, led by 066922519, CDE, and ECHO.
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Both funds come from IShares. IWM is an equity ETF, while IWN is a U.S. value equity ETF. IWM and IWN show heavy overlap, with an estimated weighted overlap of 63.28%. They share 1405 holdings in the loaded dataset, led by 066922519, CDE, and ECHO.
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Both funds come from IShares. IWM is an equity ETF, while IWN is a U.S. value equity ETF. IWM and IWN share a large chunk of the same portfolio weight. The overlap is driven by positions like 066922519, CDE, and ECHO, so owning both may not diversify your stock exposure as much as the fund names suggest.
Both funds come from IShares. IWM is an 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. IWM has the lower expense ratio, while IWN 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 14.59% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
Because IWM and IWN are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. IWM has the lower expense ratio, while IWN charges more for its exposure.
Concentration
The top three shared holdings explain 14.59% 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 IWM and IWN.
| Holding | Name | IWM Wt. | IWN Wt. | Overlap |
|---|---|---|---|---|
| 066922519 | BlackRock Funds III | 14.24% | 8.04% | 8.04% |
| CDE | Coeur Mining, Inc. | 0.65% | 0.66% | 0.65% |
| ECHO | EchoStar Corp. | 0.54% | 1.09% | 0.54% |
| HL | Hecla Mining Co. | 0.40% | 0.62% | 0.40% |
| TTMI | TTM Technologies, Inc. | 0.34% | 0.69% | 0.34% |
| AHR | American Healthcare REIT, Inc. | 0.29% | 0.38% | 0.29% |
| 74006W207 | Praxis Precision Medicines, Inc. | 0.28% | 0.53% | 0.28% |
| CTRE | CareTrust REIT, Inc. | 0.28% | 0.51% | 0.28% |
| UMBF | UMB Financial Corp. | 0.28% | 0.52% | 0.28% |
| CYTK | Cytokinetics, Inc. | 0.27% | 0.48% | 0.27% |
Both funds come from IShares. IWM is an 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 066922519, CDE, and ECHO, which appear in both portfolios and push the overlap score higher.
Holding both IWM and IWN may add less diversification than you expect. Many investors would choose the ETF that best matches their goal and avoid paying for duplicate exposure.
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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.