IWM vs VNQ ETF holdings comparison
iShares Russell 2000 ETF (IWM) · Vanguard Real Estate ETF (VNQ)
IWM and VNQ overlap by 5.6% by portfolio weight. The remaining 94.4 percentage points are not counted as shared holdings weight by this calculation. They share 75 stocks; the largest shared position is CareTrust REIT, Inc. (CTRE), contributing 0.28% to the overlap.
The holdings dates differ. This can slightly understate overlap for funds tracking similar indexes.
What this means
IWM and VNQ share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Overlap by weight sums the smaller of the two funds' weights for every stock they both hold. It answers "how much of my money is in the same stocks either way?" See methodology.
This comparison covers normalized equity positions represented in the dataset. Cash, derivatives, options, structured notes, and other non-equity assets are not included, so the result is not a complete comparison of every asset or risk in either fund.
Top shared holdings
| Company | Ticker | in IWM | in VNQ |
|---|---|---|---|
| CareTrust REIT, Inc. | CTRE | 0.28% | 0.47% |
| Compass, Inc. | COMP | 0.27% | 0.26% |
| Ryman Hospitality Properties, Inc. | RHP | 0.25% | 0.33% |
| Macerich Co. (The) | MAC | 0.22% | 0.30% |
| Terreno Realty Corp. | TRNO | 0.21% | 0.36% |
| Essential Properties Realty Trust, Inc. | EPRT | 0.20% | 0.33% |
| Kite Realty Group Trust | KRG | 0.18% | 0.30% |
| Phillips Edison & Co., Inc. | PECO | 0.17% | 0.27% |
| Outfront Media, Inc. | OUT | 0.16% | 0.25% |
| Sabra Health Care REIT, Inc. | SBRA | 0.15% | 0.27% |
Holdings only in IWM or VNQ
IWM has 1911 fund-only positions representing approximately 94.2 percentage points of reported exposure; VNQ has 70 fund-only positions representing approximately 91.1 percentage points of reported exposure. These are positions whose normalized security identifiers appear in one issuer file but not the other.
Largest positions only in IWM
| Company | Ticker | Weight |
|---|---|---|
| Moog, Inc. | MOG.A | 0.38% |
| Hut 8 Corp. | HUT | 0.37% |
| Viasat, Inc. | VSAT | 0.35% |
| BrightSpring Health Services, Inc. | BTSG | 0.35% |
| Cytokinetics, Inc. | CYTK | 0.35% |
| MaxLinear, Inc. | MXL | 0.34% |
| Argan, Inc. | AGX | 0.34% |
| UMB Financial Corp. | UMBF | 0.33% |
| JFrog Ltd. | FROG | 0.31% |
| Riot Platforms, Inc. | RIOT | 0.30% |
Largest positions only in VNQ
| Company | Ticker | Weight |
|---|---|---|
| Vanguard Real Estate II Index Fund | VRTPX | 14.63% |
| Welltower Inc | WELL | 7.84% |
| Prologis Inc | PLD | 7.00% |
| Equinix Inc | EQIX | 5.64% |
| American Tower Corp | AMT | 4.54% |
| Digital Realty Trust Inc | DLR | 3.66% |
| Simon Property Group Inc | SPG | 3.53% |
| Realty Income Corp | O | 3.11% |
| Public Storage | PSA | 2.54% |
| CBRE Group Inc | CBRE | 2.25% |
FAQ
How much do IWM and VNQ overlap?
IWM and VNQ have 5.6% overlap by weight, sharing 75 equity positions (out of 1986 in IWM and 145 in VNQ). The official holdings files used are dated 2026-06-30 for IWM and 2026-04-30 for VNQ.
What does 5.6% overlap mean?
IWM and VNQ share a smaller portion of their portfolio weight in the same underlying stocks. OverlapCheck labels this "low holdings overlap" using house ranges of 70% or more, 30% to under 70%, and under 30%. These descriptive ranges are not industry standards or investment guidance. Holdings overlap does not measure correlation, volatility, geographic or factor exposure, fees, or suitability.
Which stocks do IWM and VNQ both hold?
The largest shared positions are CareTrust REIT, Inc., Compass, Inc., Ryman Hospitality Properties, Inc., Macerich Co. (The), Terreno Realty Corp.. The top shared holdings with weights in each fund are shown on this page.
What holdings are different between IWM and VNQ?
IWM has 1911 positions not found in VNQ, while VNQ has 70 positions not found in IWM. The largest fund-only positions and their weights are shown on this page.