IWO vs VXF Overlap
IWO is a U.S. growth equity ETF from IShares, while VXF is an equity ETF from Vanguard. IWO and VXF show meaningful overlap, with an estimated weighted overlap of 23.18%. They share 995 holdings in the loaded dataset, led by BE, CRDO, and FN.
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Quick Answer
IWO is a U.S. growth equity ETF from IShares, while VXF is an equity ETF from Vanguard. IWO and VXF show meaningful overlap, with an estimated weighted overlap of 23.18%. They share 995 holdings in the loaded dataset, led by BE, CRDO, and FN.
- 23.18% weighted overlap across 995 shared holdings.
- The top three shared holdings explain 3.79% of the measured overlap.
- IWO and VXF 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 may add less diversification than the fund names imply.
Data Freshness
- IWO holdings
- Mar 12, 2026
- VXF 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
IWO is a U.S. growth equity ETF from IShares, while VXF is an equity ETF from Vanguard. IWO and VXF overlap enough to matter, but they still bring different exposures to a portfolio. The overlap is concentrated in holdings such as BE, CRDO, and FN, which explains why the score lands at 23.18%.
How They Differ
IWO is a U.S. growth equity ETF from IShares, while VXF is an equity ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VXF has the lower expense ratio, while IWO 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 3.79% 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 IWO and VXF are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VXF has the lower expense ratio, while IWO charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 3.79% 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 IWO and VXF.
| Holding | Name | IWO Wt. | VXF Wt. | Overlap |
|---|---|---|---|---|
| BE | BLOOM ENERGY CLASS A CORP | 2.22% | 0.42% | 0.42% |
| CRDO | CREDO TECHNOLOGY GROUP HOLDING LTD | 1.14% | 0.24% | 0.24% |
| FN | FABRINET | 1.29% | 0.22% | 0.22% |
| KTOS | KRATOS DEFENSE AND SECURITY SOLUTI | 1.06% | 0.22% | 0.22% |
| NXT | NEXTPOWER INC CLASS A | 0.88% | 0.22% | 0.22% |
| HL | HECLA MINING | 0.22% | 0.19% | 0.19% |
| GH | GUARDANT HEALTH INC | 0.72% | 0.19% | 0.19% |
| IONQ | IONQ INC | 0.78% | 0.18% | 0.18% |
| CDE | COEUR MINING INC | 0.49% | 0.17% | 0.17% |
| BBIO | BRIDGEBIO PHARMA INC | 0.78% | 0.17% | 0.17% |
Why These ETFs Overlap
IWO is a U.S. growth equity ETF from IShares, while VXF is an equity ETF from Vanguard. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are BE, CRDO, and FN, which appear in both portfolios and push the overlap score higher.
Holding both IWO and VXF 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 IWO and VXF
What is the overlap between IWO and VXF?+
How many holdings do IWO and VXF share?+
Is the IWO and VXF overlap high?+
Why do IWO and VXF overlap?+
Which ETF is broader, IWO or VXF?+
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.