IWD vs USMV overlap - what they share and where they differ
IWD and USMV share 31.9% of their weight across 127 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
IWD and USMV
31.9%
127 shared positions
IWD
iShares Russell 1000 Value ETF
Reported positions cover 100% of the fund, 819 positions · Jun 30, 2026
Top 10: 27.8%·Holdings of IWD
USMV
iShares MSCI USA Min Vol Factor ETF
Reported positions cover 100% of the fund, 170 positions · Apr 30, 2026
Top 10: 15.6%·Holdings of USMV
Reported positions cover IWD 100%, USMV 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
USMV vs IWD side by side
IWDiShares Russell 1000 Value ETF
819
stock positions reported to the SEC
48.1% of its weight is in 692 names USMV does not hold
USMViShares MSCI USA Min Vol Factor ETF
170
stock positions reported to the SEC
20.8% of its weight is in 43 names IWD does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Utilities: USMV has 12.0 points more of it.
The figures side by side
| IWD | USMV | |
|---|---|---|
| Filing date | Jun 30, 2026 | Apr 30, 2026 |
| Stock positions reported | 819 | 170 |
| Weight of the ten largest | 27.8% | 15.6% |
| Largest position | AMZN 5.9% | CSCO 1.8% |
| Held alone | 692 positions, 48.1% | 43 positions, 20.8% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In IWD | In USMV | Counted |
|---|---|---|---|
| EXXON MOBIL CORPORATION | 1.59% | 1.60% | 1.59% |
| MSFTMICROSOFT CORPORATION | 3.88% | 1.56% | 1.56% |
| JNJJOHNSON & JOHNSON | 1.71% | 1.43% | 1.43% |
| BRK.ABERKSHIRE HATHAWAY INC. | 2.61% | 1.41% | 1.41% |
| CSCOCISCO SYSTEMS, INC. | 1.30% | 1.80% | 1.30% |
| PGTHE PROCTER & GAMBLE COMPANY | 0.96% | 1.10% | 0.96% |
| MRKMERCK & CO., INC. | 0.89% | 1.17% | 0.89% |
| WMTWALMART INC. | 1.27% | 0.87% | 0.87% |
| AAPLAPPLE INC. | 5.37% | 0.82% | 0.82% |
| KOTHE COCA-COLA COMPANY | 0.78% | 1.19% | 0.78% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in IWD
Only in USMV
Questions people ask
Is IWD the same as USMV?
31.9% of their weight sits in the same 127 holdings. IWD also reports JPMORGAN CHASE & CO., INTC, BAC, which the other does not. USMV also reports NVDA, APH, COR, which the other does not.
How is the overlap between IWD and USMV measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of IWD and 100% of USMV, so the number cannot exceed the smaller coverage.
Which holds more, USMV or IWD?
IWD reports 819 stock positions and USMV reports 170. 48.1% of IWD's weight sits in names USMV does not hold, and 20.8% of USMV's weight in names IWD does not hold. The ten largest positions are 27.8% of IWD and 15.6% of USMV.
How do IWD and USMV differ by sector?
The widest gap is Utilities: USMV has 12.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.