IWD vs VTV: 65% overlap
iShares Russell 1000 Value ETF and Vanguard Value ETF share 64.9% 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 1.4. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IWD and VTV hold 293 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IWD | in VTV | Δ |
|---|---|---|---|
| JPM | 2.6% | 3.1% | 0.5% |
| BRK-B | 2.5% | 2.9% | 0.4% |
| XOM | 1.8% | 2.1% | 0.3% |
| JNJ | 1.7% | 2.3% | 0.6% |
| CSCO | 1.2% | 1.6% | 0.3% |
| WMT | 1.2% | 1.9% | 0.7% |
| ABBV | 1.2% | 1.7% | 0.5% |
| UNH | 1.1% | 1.4% | 0.4% |
| INTC | 1.2% | 1.1% | 0.2% |
| BAC | 1.0% | 1.4% | 0.3% |
Where IWD and VTV 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 | IWD | VTV | Δ |
|---|---|---|---|
| Consumer Discretionary | 10.2% | 3.9% | +6.2pp |
| Information Technology | 18.0% | 14.1% | +4.0pp |
| Industrials | 11.3% | 15.0% | −3.7pp |
| Financials | 19.6% | 22.1% | −2.5pp |
| Health Care | 12.7% | 15.1% | −2.4pp |
| Consumer Staples | 7.4% | 8.7% | −1.3pp |
| Real Estate | 3.7% | 2.5% | +1.2pp |
| Utilities | 3.9% | 4.8% | −0.9pp |
Δ is IWD minus VTV, 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
34.0% of IWD by weight, held in no part of VTV.
10.9% of VTV by weight, held in no part of IWD.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IWD | VTV | |
|---|---|---|
| Top 10 holdings | 27.8% | 23.6% |
| Positions held | 872 | 309 |
| Cost per $10,000 held, per year | $19 | $3 |
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 IWD and VTV overlap?
IWD and VTV overlap 64.9% by portfolio weight — substantial duplication if you hold both. They share 293 holdings. The figure comes from current issuer holdings files (IWD as of 2026-07-23, VTV as of 2026-06-30).
How is the overlap between IWD and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IWD holds a stock at 6% and VTV 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 IWD and VTV?
That depends on your goals — we state facts, not advice. At 64.9% overlap, each fund still contributes meaningfully distinct exposure.
What does IWD own that VTV doesn't?
IWD holds 872 positions and VTV holds 309; 578 of IWD's positions don't appear in VTV at all, and they are 34.0% of IWD by weight.
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Related comparisons
Sources: issuer holdings files, IWD as of 2026-07-23, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.