IWF vs VTV: 13% overlap
iShares Russell 1000 Growth ETF and Vanguard Value ETF share 13.1% 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 1.9. Two funds that shared nothing would score 2.0; two identical funds score 1.0.
Top shared holdings
IWF and VTV hold 78 of the same securities. The ten contributing most to the overlap figure:
| Holding | in IWF | in VTV | Δ |
|---|---|---|---|
| MU | 3.5% | 4.9% | 1.4% |
| CAT | 1.3% | 1.8% | 0.6% |
| HD | 0.7% | 1.3% | 0.6% |
| GE | 1.1% | 0.7% | 0.4% |
| TXN | 0.8% | 0.5% | 0.3% |
| AMGN | 0.4% | 0.7% | 0.3% |
| GLW | 0.4% | 0.4% | 0.0% |
| LMT | 0.4% | 0.4% | 0.1% |
| TT | 0.3% | 0.4% | 0.1% |
| MCK | 0.3% | 0.3% | 0.0% |
Where IWF 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 | IWF | VTV | Δ |
|---|---|---|---|
| Information Technology | 55.0% | 14.1% | +40.9pp |
| Financials | 4.7% | 22.1% | −17.4pp |
| Communication Services | 15.7% | 2.9% | +12.8pp |
| Health Care | 5.6% | 15.1% | −9.5pp |
| Consumer Staples | 1.3% | 8.7% | −7.4pp |
| Industrials | 8.5% | 15.0% | −6.4pp |
| Energy | 0.5% | 6.8% | −6.3pp |
| Utilities | 0.3% | 4.8% | −4.5pp |
Δ is IWF 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
86.0% of IWF by weight, held in no part of VTV.
66.4% of VTV by weight, held in no part of IWF.
A large count with a small weight is the usual shape: the positions one fund adds are typically its smallest ones.
Concentration and cost
| IWF | VTV | |
|---|---|---|
| Top 10 holdings | 56.1% | 23.6% |
| Positions held | 370 | 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 IWF and VTV overlap?
IWF and VTV overlap 13.1% by portfolio weight — largely distinct portfolios. They share 78 holdings. The figure comes from current issuer holdings files (IWF as of 2026-07-23, VTV as of 2026-06-30).
How is the overlap between IWF and VTV calculated?
As the sum of the smaller weight in each fund, over every holding both funds own: Σ min(wA, wB). If IWF 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 IWF and VTV?
That depends on your goals — we state facts, not advice. At 13.1% overlap, each fund still contributes meaningfully distinct exposure.
What does IWF own that VTV doesn't?
IWF holds 370 positions and VTV holds 309; 291 of IWF's positions don't appear in VTV at all, and they are 86.0% of IWF by weight.
You probably hold more than two funds
This page compares IWF and VTV. Paste your whole portfolio — brokerage, 401(k), IRA — and see the overlap across every fund at once, plus what you actually own underneath them and your own Effective Funds number. Free, no account, nothing stored.
X-ray my portfolio — free →Watch IWF vs VTV
We re-read both funds’ published holdings every weeknight. Leave an address and we'll tell you when what's inside actually changes.
Not sending yet — email alerts are built but switched off, and you'll be among the first when they turn on. No spam, one-click unsubscribe.
Related comparisons
Sources: issuer holdings files, IWF as of 2026-07-23, VTV as of 2026-06-30. Weights are fractions of each fund. Diagnostics, not advice.