IWN vs KBE overlap - what they share and where they differ
IWN and KBE share 14.1% of their weight across 63 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.
IWN and KBE
14.1%
63 shared positions
IWN
iShares Russell 2000 Value ETF
Reported positions cover 99% of the fund, 1,288 positions · Jun 30, 2026
Top 10: 5.5%·Holdings of IWN
KBE
State Street(R) SPDR(R) S&P(R) Bank ETF
Reported positions cover 100% of the fund, 102 positions · Jun 30, 2026
Top 10: 11.3%·Holdings of KBE
Reported positions cover IWN 99%, KBE 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
KBE vs IWN side by side
IWNiShares Russell 2000 Value ETF
1,288
stock positions reported to the SEC
85.4% of its weight is in 1,225 names KBE does not hold
KBEState Street(R) SPDR(R) S&P(R) Bank ETF
102
stock positions reported to the SEC
38.2% of its weight is in 39 names IWN does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Financial Services: KBE has 66.5 points more of it.
The figures side by side
| IWN | KBE | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 1,288 | 102 |
| Weight of the ten largest | 5.5% | 11.3% |
| Largest position | VSAT 0.7% | FBNC 1.8% |
| Held alone | 1,225 positions, 85.4% | 39 positions, 38.2% |
| Covered by stock positions | 99% | 100% |
Holdings they share
| Stock | In IWN | In KBE | Counted |
|---|---|---|---|
| UMBFUMB Financial Corp. | 0.62% | 1.01% | 0.62% |
| ONBOld National Bancorp | 0.52% | 0.99% | 0.52% |
| JXNJackson Financial, Inc. | 0.41% | 0.90% | 0.41% |
| HWCHancock Whitney Corp. | 0.40% | 0.98% | 0.40% |
| ESNTEssent Group Ltd. | 0.38% | 1.02% | 0.38% |
| UBSIUnited Bankshares, Inc. | 0.38% | 0.95% | 0.38% |
| FBNCFirst Bancorp, Inc. (The) | 0.37% | 1.83% | 0.37% |
| AUBAtlantic Union Bankshares Corp. | 0.36% | 1.02% | 0.36% |
| ABCBAmeris Bancorp | 0.35% | 0.97% | 0.35% |
| GBCIGlacier Bancorp, Inc. | 0.35% | 1.00% | 0.35% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in IWN
Only in KBE
Questions people ask
Is IWN the same as KBE?
14.1% of their weight sits in the same 63 holdings. IWN also reports VSAT, CYTK, CTRE, which the other does not. KBE also reports ROCKET COS INC, TBBK, MTG, which the other does not.
How is the overlap between IWN and KBE measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 99% of IWN and 100% of KBE, so the number cannot exceed the smaller coverage.
Which holds more, KBE or IWN?
IWN reports 1,288 stock positions and KBE reports 102. 85.4% of IWN's weight sits in names KBE does not hold, and 38.2% of KBE's weight in names IWN does not hold. The ten largest positions are 5.5% of IWN and 11.3% of KBE.
How do IWN and KBE differ by sector?
The widest gap is Financial Services: KBE has 66.5 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.