IWP vs SPMD overlap - what they share and where they differ

IWP and SPMD share 19.9% of their weight across 95 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.

IWP and SPMD

19.9%

95 shared positions

IWP

iShares Russell Mid-Cap Growth ETF

Reported positions cover 100% of the fund, 261 positions · Jun 30, 2026

Top 10: 19.7%·Holdings of IWP

SPMD

State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF

Reported positions cover 100% of the fund, 400 positions · Jun 30, 2026

Top 10: 7.7%·Holdings of SPMD

Reported positions cover IWP 100%, SPMD 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.

SPMD vs IWP side by side

IWPiShares Russell Mid-Cap Growth ETF

261

stock positions reported to the SEC

79.9% of its weight is in 166 names SPMD does not hold

SPMDState Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF

400

stock positions reported to the SEC

66.5% of its weight is in 305 names IWP does not hold

Where each fund's weight sits

IWP
SPMD
shared with the other fundheld alonenot covered by the filing (cash, futures, bonds)

Largest sectors for both funds

Technology
35.3%
23.8%
Healthcare
14.0%
11.3%
Industrials
13.4%
10.0%
Financial Services
0.0%
12.1%
Consumer Cyclical
10.4%
11.8%
Basic Materials
6.3%
0.0%

The widest gap is Financial Services: SPMD has 12.1 points more of it.

The figures side by side

IWPSPMD
Filing dateJun 30, 2026Jun 30, 2026
Stock positions reported261400
Weight of the ten largest19.7%7.7%
Largest positionDDOG 2.3%TWLO 0.9%
Held alone166 positions, 79.9%305 positions, 66.5%
Covered by stock positions100%100%

Holdings they share

StockIn IWPIn SPMDCounted
CRSCarpenter Technology Corp.0.81%0.84%0.81%
ATIATI, Inc.0.73%0.74%0.73%
MTZMasTec, Inc.0.71%0.71%0.71%
MTSIMACOM Technology Solutions Holdings, Inc.0.70%0.69%0.69%
STRLSterling Infrastructure, Inc.0.69%0.71%0.69%
WWDWoodward, Inc.0.69%0.70%0.69%
XPOXPO, Inc.0.64%0.66%0.64%
PEverpure, Inc.0.58%0.68%0.58%
LSCCLattice Semiconductor Corp.0.57%0.58%0.57%
FNFabrinet0.55%0.55%0.55%

What each holds alone

The heaviest positions one fund reports and the other does not.

Only in IWP

DDOGDatadog, Inc.2.34%
SNOWSnowflake, Inc.2.33%
NETCloudflare, Inc.2.12%
TERTeradyne, Inc.2.07%
ALABAstera Labs, Inc.2.02%
SPGSimon Property Group, Inc.1.96%
FIXComfort Systems USA, Inc.1.89%
HOODRobinhood Markets, Inc.1.75%
LITELumentum Holdings, Inc.1.67%
TRGPTarga Resources Corp.1.56%

Only in SPMD

ILMNIllumina Inc0.73%
OKTAOkta Inc0.63%
UTHRUnited Therapeutics Corp0.63%
USFDUS Foods Holding Corp0.62%
RBARB Global Inc0.60%
SNXTD SYNNEX Corp0.55%
RSReliance Inc0.53%
EWBCEast West Bancorp Inc0.49%
ITTITT Inc0.49%
NXTNextpower Inc0.49%

Questions people ask

Is IWP the same as SPMD?

19.9% of their weight sits in the same 95 holdings. IWP also reports DDOG, SNOW, NET, which the other does not. SPMD also reports ILMN, OKTA, UTHR, which the other does not.

How is the overlap between IWP and SPMD 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 IWP and 100% of SPMD, so the number cannot exceed the smaller coverage.

Which holds more, SPMD or IWP?

IWP reports 261 stock positions and SPMD reports 400. 79.9% of IWP's weight sits in names SPMD does not hold, and 66.5% of SPMD's weight in names IWP does not hold. The ten largest positions are 19.7% of IWP and 7.7% of SPMD.

How do IWP and SPMD differ by sector?

The widest gap is Financial Services: SPMD has 12.1 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.

Other pairs with these funds

SPMD against other funds in the table

Add a third fund in the tool·All fund pairs

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.