IVE vs IWD: 71% overlap
iShares S&P 500 Value ETF and iShares Russell 1000 Value ETF share 70.6% of their portfolios by weight — computed as Σ min(wA, wB) over every holding both funds own.
You would hold two tickers and get the diversification of 1.3. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IVE and IWD hold 398 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IVE | in IWD | Δ |
|---|---|---|---|
| AAPL | 8.1% | 5.9% | 2.2% |
| AMZN | 3.7% | 5.7% | 2.1% |
| XOM | 2.2% | 1.8% | 0.4% |
| INTC | 1.6% | 1.2% | 0.4% |
| WMT | 1.6% | 1.2% | 0.4% |
| UNH | 1.3% | 1.1% | 0.3% |
| BAC | 1.4% | 1.0% | 0.3% |
| JPM | 1.0% | 2.6% | 1.6% |
| CVX | 1.2% | 1.0% | 0.2% |
| PG | 1.2% | 0.9% | 0.2% |
Where IVE 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 | IVE | IWD | Δ |
|---|---|---|---|
| Financials | 16.1% | 19.6% | −3.4pp |
| Information Technology | 19.8% | 18.0% | +1.7pp |
| Energy | 7.4% | 6.1% | +1.3pp |
| Consumer Staples | 8.7% | 7.4% | +1.3pp |
| Consumer Discretionary | 9.6% | 10.2% | −0.6pp |
| Utilities | 4.5% | 3.9% | +0.5pp |
| Communication Services | 2.9% | 3.3% | −0.4pp |
| Real Estate | 3.4% | 3.7% | −0.3pp |
Δ is IVE 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
9.4% of IVE by weight, held in no part of IWD.
19.9% of IWD by weight, held in no part of IVE.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IVE | IWD | |
|---|---|---|
| Top 10 holdings | 23.7% | 27.8% |
| Positions held | 440 | 872 |
| Cost per $10,000 held, per year | $18 | $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 IVE and IWD overlap?
IVE and IWD overlap 70.6% by portfolio weight — substantial duplication if you hold both. They share 398 holdings. The figure comes from current issuer holdings files (IVE as of 2026-07-23, IWD as of 2026-07-23).
How is the overlap between IVE and IWD calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IVE 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 IVE and IWD?
That depends on your goals — we state facts, not advice. At 70.6% overlap, most of what one fund holds, the other holds too. Expense ratios: IVE 0.18% versus IWD 0.19%.
What does IVE own that IWD doesn't?
IVE holds 440 positions and IWD holds 872; 41 of IVE's positions don't appear in IWD at all, and they are 9.4% of IVE by weight.
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Related comparisons
Sources: issuer holdings files, IVE as of 2026-07-23, IWD as of 2026-07-23. Weights are fractions of each fund. Diagnostics, not advice.