IWX vs USMV overlap - what they share and where they differ
IWX and USMV share 30.8% of their weight across 69 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.
IWX and USMV
30.8%
69 shared positions
IWX
iShares Russell Top 200 Value ETF
Reported positions cover 100% of the fund, 150 positions · Jun 30, 2026
Top 10: 39.0%·Holdings of IWX
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 IWX 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 IWX side by side
IWXiShares Russell Top 200 Value ETF
150
stock positions reported to the SEC
37.4% of its weight is in 81 names USMV does not hold
USMViShares MSCI USA Min Vol Factor ETF
170
stock positions reported to the SEC
46.6% of its weight is in 101 names IWX 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
| IWX | USMV | |
|---|---|---|
| Filing date | Jun 30, 2026 | Apr 30, 2026 |
| Stock positions reported | 150 | 170 |
| Weight of the ten largest | 39.0% | 15.6% |
| Largest position | AMZN 8.3% | CSCO 1.8% |
| Held alone | 81 positions, 37.4% | 101 positions, 46.6% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In IWX | In USMV | Counted |
|---|---|---|---|
| CSCOCISCO SYSTEMS INC | 1.82% | 1.80% | 1.80% |
| MSFTMICROSOFT CORP | 5.44% | 1.56% | 1.56% |
| JNJJOHNSON & JOHNSON | 2.40% | 1.43% | 1.43% |
| BRK.ABERKSHIRE HATHAWAY INC | 3.66% | 1.41% | 1.41% |
| MRKMERCK & COMPANY INC | 1.25% | 1.17% | 1.17% |
| KOCOCA-COLA COMPANY (THE) | 1.10% | 1.19% | 1.10% |
| PGPROCTER & GAMBLE COMPANY (THE) | 1.34% | 1.10% | 1.10% |
| IBMINTERNATIONAL BUSINESS MACHINES CORP | 1.04% | 1.11% | 1.04% |
| WMTWALMART INC | 1.78% | 0.87% | 0.87% |
| AAPLAPPLE INC | 7.53% | 0.82% | 0.82% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in IWX
Only in USMV
Questions people ask
Is IWX the same as USMV?
30.8% of their weight sits in the same 69 holdings. IWX also reports JPM, INTC, XOM, which the other does not. USMV also reports NVDA, EXXON MOBIL CORPORATION, APH, which the other does not.
How is the overlap between IWX 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 IWX and 100% of USMV, so the number cannot exceed the smaller coverage.
Which holds more, USMV or IWX?
IWX reports 150 stock positions and USMV reports 170. 37.4% of IWX's weight sits in names USMV does not hold, and 46.6% of USMV's weight in names IWX does not hold. The ten largest positions are 39.0% of IWX and 15.6% of USMV.
How do IWX 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.