IWP vs VTV Overlap

IWP is a U.S. growth equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. IWP and VTV show limited overlap, with an estimated weighted overlap of 3.69%. They share 30 holdings in the loaded dataset, led by COR, ROST, and SPG.

3.7% overlap
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30Shared Holdings
OK
Low Overlap

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Quick Answer

IWP is a U.S. growth equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. IWP and VTV show limited overlap, with an estimated weighted overlap of 3.69%. They share 30 holdings in the loaded dataset, led by COR, ROST, and SPG.

  • 3.69% weighted overlap across 30 shared holdings.
  • The top three shared holdings explain 20.51% of the measured overlap.
  • IWP and VTV 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 can still add materially different exposure.

Data Freshness

IWP holdings
Mar 12, 2026
VTV 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

ETF A

IWP

iShares Russell Mid-Cap Growth ETF

Issuer
IShares
Asset class
Equity
Expense ratio
0.23%
AUM
$19B
Inception
Jul 17, 2001

ETF B

VTV

Vanguard Value ETF

Issuer
Vanguard
Asset class
Large Cap Equity
Expense ratio
0.03%
AUM
$227B
Inception
Jan 26, 2004

What Stands Out In This Comparison

01

What This Means

IWP is a U.S. growth equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. IWP and VTV 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 COR, ROST, and SPG.

02

How They Differ

IWP is a U.S. growth equity ETF from IShares, while VTV is a U.S. value equity ETF from Vanguard. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. VTV has the lower expense ratio, while IWP charges more for its exposure.

03

What Drives The Overlap

The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 20.51% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.

04

When One May Fit Better

Because IWP and VTV are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. VTV has the lower expense ratio, while IWP charges more for its exposure.

Overlap Driver Snapshot

Concentration

The top three shared holdings explain 20.51% 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 VTV.

HoldingIWP Wt.VTV Wt.Overlap
COR2.23%0.27%0.27%
ROST0.47%0.25%0.25%
SPG0.48%0.24%0.24%
VST1.92%0.22%0.22%
CAH0.90%0.21%0.21%
BK0.20%0.34%0.20%
AMP1.33%0.20%0.20%
LNG0.81%0.18%0.18%
SYY0.75%0.16%0.16%
PSX0.16%0.23%0.16%

Why These ETFs Overlap

IWP is a U.S. growth equity ETF from IShares, while VTV is a U.S. value 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 COR, ROST, and SPG, which appear in both portfolios and push the overlap score higher.

Holding both IWP and VTV 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 VTV

What is the overlap between IWP and VTV?+
IWP and VTV currently show an estimated weighted overlap of 3.69% based on the loaded holdings data.
How many holdings do IWP and VTV share?+
They share 30 holdings in the current dataset.
Is the IWP and VTV overlap high?+
The current verdict is Low Overlap. That means the two ETFs have limited duplication in portfolio weight.
Why do IWP and VTV overlap?+
IWP and VTV overlap because the same large positions appear in both funds. In this comparison, the top three shared holdings explain 20.51% of the measured overlap score.
Which ETF is broader, IWP or VTV?+
IWP and VTV look closer in breadth than a broad-vs-niche pair, so the main difference is more about strategy and weighting than simple market coverage.

How Overlap Is Calculated

A straightforward approach used by portfolio analysts.

Overlap = sum(min(Weight_A, Weight_B)) for each shared holding

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.

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