IWP vs RSP Overlap
IWP is a U.S. growth equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. IWP and RSP show limited overlap, with an estimated weighted overlap of 13.3%. They share 81 holdings in the loaded dataset, led by TPL, FIX, and HWM.
Served from cache.
Quick Answer
IWP is a U.S. growth equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. IWP and RSP show limited overlap, with an estimated weighted overlap of 13.3%. They share 81 holdings in the loaded dataset, led by TPL, FIX, and HWM.
- 13.3% weighted overlap across 81 shared holdings.
- The top three shared holdings explain 6.51% of the measured overlap.
- RSP is the broader fund, while IWP 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
- IWP holdings
- Mar 12, 2026
- RSP holdings
- Mar 12, 2026
- Overlap computed
- Mar 15, 2026
- Data source
- Financial Modeling Prep
Review the methodology for the overlap formula and refresh policy.
Compare another pair
About These ETFs
What Stands Out In This Comparison
What This Means
IWP is a U.S. growth equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. IWP and RSP 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 TPL, FIX, and HWM.
How They Differ
IWP is a U.S. growth equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. RSP is the broader fund, while IWP is the more targeted sleeve. RSP has the lower expense ratio, while IWP 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 6.51% 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, RSP is usually the wider choice. If you want the more focused tilt, IWP is the narrower expression. RSP has the lower expense ratio, while IWP charges more for its exposure.
Overlap Driver Snapshot
Concentration
The top three shared holdings explain 6.51% 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 IWP and RSP.
| Holding | Name | IWP Wt. | RSP Wt. | Overlap |
|---|---|---|---|---|
| TPL | TEXAS PACIFIC LAND CORP | 1.04% | 0.34% | 0.34% |
| FIX | COMFORT SYSTEMS USA INC | 1.66% | 0.27% | 0.27% |
| HWM | HOWMET AEROSPACE INC | 3.52% | 0.26% | 0.26% |
| TRGP | TARGA RESOURCES CORP | 1.71% | 0.25% | 0.25% |
| TPR | TAPESTRY INC | 0.97% | 0.25% | 0.25% |
| PWR | QUANTA SERVICES INC | 2.22% | 0.24% | 0.24% |
| LYV | LIVE NATION ENTERTAINMENT INC | 0.91% | 0.23% | 0.23% |
| ROST | ROSS STORES INC | 0.47% | 0.23% | 0.23% |
| EME | EMCOR GROUP INC | 0.38% | 0.23% | 0.23% |
| SYY | SYSCO CORP | 0.75% | 0.22% | 0.22% |
Why These ETFs Overlap
IWP is a U.S. growth equity ETF from IShares, while RSP is an equal-weight U.S. equity ETF from Invesco. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are TPL, FIX, and HWM, which appear in both portfolios and push the overlap score higher.
Holding both IWP and RSP 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.
Related Comparisons
Frequently Asked Questions About IWP and RSP
What is the overlap between IWP and RSP?+
How many holdings do IWP and RSP share?+
Is the IWP and RSP overlap high?+
Why do IWP and RSP overlap?+
Which ETF is broader, IWP or RSP?+
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.