AVUV vs IWD: 1% overlap
Avantis U.S. Small Cap Value ETF and iShares Russell 1000 Value ETF share 1.0% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
Different holding dates. These holdings were published about 5 months apart — AVUV as of 2026-02-28, the rest through 2026-07-23. Each fund is compared using its most recent file, so any trading in between shows up as a difference.
You would hold two tickers and get the diversification of 2.0. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AVUV and IWD hold 60 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AVUV | in IWD | Δ |
|---|---|---|---|
| CASH | 0.3% | 0.1% | 0.2% |
| MLI | 0.3% | 0.0% | 0.2% |
| ARW | 0.1% | 0.0% | 0.1% |
| ZION | 0.1% | 0.0% | 0.0% |
| BPOP | 0.1% | 0.0% | 0.1% |
| R | 0.6% | 0.0% | 0.6% |
| WTFC | 0.0% | 0.0% | 0.0% |
| COLB | 0.5% | 0.0% | 0.4% |
| AXS | 0.3% | 0.0% | 0.3% |
| KMX | 0.1% | 0.0% | 0.1% |
Where AVUV and IWD differ
Sector weights as a share of each fund, ordered by the size of the gap rather than the size of the sector — two funds that overlap heavily still usually diverge somewhere.
| Sector | AVUV | IWD | Δ |
|---|---|---|---|
| Information Technology | 5.4% | 18.0% | −12.6pp |
| Energy | 16.8% | 6.1% | +10.8pp |
| Health Care | 3.5% | 12.7% | −9.2pp |
| Consumer Discretionary | 16.9% | 10.2% | +6.7pp |
| Industrials | 17.3% | 11.3% | +6.0pp |
| Financials | 24.1% | 19.6% | +4.5pp |
| Consumer Staples | 3.8% | 7.4% | −3.6pp |
| Unclassified | 3.5% | 0.0% | +3.5pp |
Δ is AVUV minus IWD, in percentage points. Sector data is not published by every issuer, so “Unclassified” is a real category rather than a gap in the table.
What each fund holds alone
81.6% of AVUV by weight, held in no part of IWD.
98.9% of IWD by weight, held in no part of AVUV.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AVUV | IWD | |
|---|---|---|
| Top 10 holdings | 8.5% | 27.8% |
| Positions held | 774 | 872 |
| Cost per $10,000 held, per year | $25 | $19 |
Cost is the expense ratio applied to $10,000; it excludes any brokerage commission, bid-ask spread or tax consequence. Figures are facts about the funds, not a suggestion about which to hold.
Frequently asked
How much do AVUV and IWD overlap?
AVUV and IWD overlap 1.0% by portfolio weight — largely distinct portfolios. They share 60 holdings. The figure comes from current issuer holdings files (AVUV as of 2026-02-28, IWD as of 2026-07-23).
How is the overlap between AVUV and IWD calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AVUV holds a stock at 6% and IWD holds the same stock at 4%, 4% counts as shared. The result is bounded between 0% and 100%, and it is computed after looking through any fund-of-funds to the underlying holdings.
Is it redundant to hold both AVUV and IWD?
That depends on your goals — we state facts, not advice. At 1.0% overlap, each fund still contributes meaningfully distinct exposure.
What does AVUV own that IWD doesn't?
AVUV holds 774 positions and IWD holds 872; 714 of AVUV's positions don't appear in IWD at all, and they are 81.6% of AVUV by weight.
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Related comparisons
Sources: issuer holdings files, AVUV as of 2026-02-28, IWD as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.