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

IWP and XAR share 7.6% of their weight across 12 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 XAR

7.6%

12 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

XAR

State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF

Reported positions cover 100% of the fund, 47 positions · Jun 30, 2026

Top 10: 30.4%·Holdings of XAR

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

XAR vs IWP side by side

IWPiShares Russell Mid-Cap Growth ETF

261

stock positions reported to the SEC

92.2% of its weight is in 249 names XAR does not hold

XARState Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF

47

stock positions reported to the SEC

66.1% of its weight is in 35 names IWP does not hold

Where each fund's weight sits

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

Largest sectors for both funds

Industrials
13.4%
66.0%
Technology
35.3%
15.4%
Basic Materials
6.3%
15.1%
Healthcare
14.0%
0.5%
Consumer Cyclical
10.4%
0.0%

The widest gap is Industrials: XAR has 52.6 points more of it.

The figures side by side

IWPXAR
Filing dateJun 30, 2026Jun 30, 2026
Stock positions reported26147
Weight of the ten largest19.7%30.4%
Largest positionDDOG 2.3%VSEC 3.4%
Held alone249 positions, 92.2%35 positions, 66.1%
Covered by stock positions100%100%

Holdings they share

StockIn IWPIn XARCounted
RKLBRocket Lab Corp.1.49%2.49%1.49%
AXONAxon Enterprise, Inc.1.19%3.22%1.19%
HEIHEICO Corp.0.95%2.86%0.95%
CRSCarpenter Technology Corp.0.81%3.04%0.81%
FTAIFTAI Aviation Ltd.0.75%3.08%0.75%
ATIATI, Inc.0.73%2.77%0.73%
WWDWoodward, Inc.0.69%2.98%0.69%
BWXTBWX Technologies, Inc.0.46%2.74%0.46%
CWCurtiss-Wright Corp.0.39%2.71%0.39%
KRMNKarman Holdings, Inc.0.09%2.80%0.09%

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 XAR

VSECVSE Corp3.40%
SAROStandardAero Inc3.11%
GENERAL ELECTRIC CO3.02%
MOG.AMoog Inc2.86%
TDGTransDigm Group Inc2.83%
HWMHowmet Aerospace Inc2.77%
RTXRTX Corp2.75%
BABoeing Co/The2.67%
GDGeneral Dynamics Corp2.67%
AIRAAR Corp2.64%

Questions people ask

Is IWP the same as XAR?

7.6% of their weight sits in the same 12 holdings. IWP also reports DDOG, SNOW, NET, which the other does not. XAR also reports VSEC, SARO, GENERAL ELECTRIC CO, which the other does not.

How is the overlap between IWP and XAR 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 XAR, so the number cannot exceed the smaller coverage.

Which holds more, XAR or IWP?

IWP reports 261 stock positions and XAR reports 47. 92.2% of IWP's weight sits in names XAR does not hold, and 66.1% of XAR's weight in names IWP does not hold. The ten largest positions are 19.7% of IWP and 30.4% of XAR.

How do IWP and XAR differ by sector?

The widest gap is Industrials: XAR has 52.6 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.

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.