AWSHX vs IVE: 35% overlap
American Funds Washington Mutual A and iShares S&P 500 Value ETF share 34.9% 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 3 months apart — AWSHX as of 2026-04-30, 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 1.7. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
AWSHX and IVE hold 137 of the same securities. The ten contributing most to the overlap figure:
| Holding | in AWSHX | in IVE | Δ |
|---|---|---|---|
| AAPL | 2.4% | 8.1% | 5.6% |
| BAC | 1.6% | 1.4% | 0.2% |
| UNH | 1.5% | 1.3% | 0.2% |
| JPM | 1.4% | 1.0% | 0.4% |
| XOM | 1.0% | 2.2% | 1.2% |
| V | 1.3% | 0.9% | 0.4% |
| ABBV | 0.9% | 0.8% | 0.1% |
| AMZN | 0.7% | 3.7% | 3.0% |
| HD | 0.6% | 1.1% | 0.5% |
| UNP | 0.7% | 0.6% | 0.1% |
Where AWSHX and IVE 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 | AWSHX | IVE | Δ |
|---|---|---|---|
| Unclassified | 7.9% | 0.0% | +7.9pp |
| Energy | 3.3% | 7.4% | −4.1pp |
| Communication Services | 6.1% | 2.9% | +3.2pp |
| Consumer Discretionary | 6.9% | 9.6% | −2.7pp |
| Information Technology | 21.9% | 19.8% | +2.1pp |
| Health Care | 10.7% | 12.5% | −1.7pp |
| Consumer Staples | 7.0% | 8.7% | −1.7pp |
| Materials | 2.0% | 3.6% | −1.6pp |
Δ is AWSHX minus IVE, 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
39.8% of AWSHX by weight, held in no part of IVE.
38.0% of IVE by weight, held in no part of AWSHX.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| AWSHX | IVE | |
|---|---|---|
| Top 10 holdings | 29.9% | 23.7% |
| Positions held | 197 | 440 |
| Cost per $10,000 held, per year | $57 | $18 |
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 AWSHX and IVE overlap?
AWSHX and IVE overlap 34.9% by portfolio weight — moderate overlap. They share 137 holdings. The figure comes from current issuer holdings files (AWSHX as of 2026-04-30, IVE as of 2026-07-23).
How is the overlap between AWSHX and IVE calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If AWSHX holds a stock at 6% and IVE 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 AWSHX and IVE?
That depends on your goals — we state facts, not advice. At 34.9% overlap, each fund still contributes meaningfully distinct exposure.
What does AWSHX own that IVE doesn't?
AWSHX holds 197 positions and IVE holds 440; 60 of AWSHX's positions don't appear in IVE at all, and they are 39.8% of AWSHX by weight.
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Related comparisons
Sources: issuer holdings files, AWSHX as of 2026-04-30, IVE as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.