SCHA vs IWN overlap
SCHA and IWN overlap 32.4% by weight, across 977 shared holdings.
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Top shared holdings
| Holding | SCHA | IWN | Overlap |
|---|---|---|---|
| HUT 8 Corp.HUT | 0.25% | 0.36% | 0.25% |
| Viasat Inc.VSAT | 0.23% | 0.74% | 0.23% |
| Lumen TechnologiLUMN | 0.22% | 0.48% | 0.22% |
| Cytokinetics Inc.CYTK | 0.21% | 0.65% | 0.21% |
| UMB FinancialUMBF | 0.20% | 0.62% | 0.20% |
| Caretrust REICTRE | 0.19% | 0.59% | 0.19% |
| RIOT Platforms IRIOT | 0.18% | 0.21% | 0.18% |
| Commercial MetalCMC | 0.18% | 0.38% | 0.18% |
| Ormat TechnologiORA | 0.18% | 0.40% | 0.18% |
| Old NATL BancorpONB | 0.18% | 0.52% | 0.18% |
| Fluor Corp.FLR | 0.16% | 0.34% | 0.16% |
| Jackson FI-aJXN | 0.15% | 0.41% | 0.15% |
| JBT Marel Corp.JBTM | 0.15% | 0.50% | 0.15% |
| SM Energy CoSM | 0.15% | 0.39% | 0.15% |
| Terreno Realty CTRNO | 0.14% | 0.45% | 0.14% |
Overlap by weight adds up the smaller weight of each holding the funds share, so 100% means identical portfolios. Long securities only: derivatives and cash vehicles are left out. Sources: SCHA, SEC Form N-PORT, May 31, 2026; IWN, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SCHA | IWN |
|---|---|---|
| Bank of America Corp. | $496.9M | $1.4B |
| Empower Advisory Group, LLC | $1.4B | $549K |
| Morgan Stanley | $57.8M | $937.6M |
| SEI Investments Co | $502.5M | $55.6M |
| Envestnet Asset Management Inc. | $60.5M | $473.0M |
| UBS Group AG | $186.8M | $169.6M |
| LPL Financial LLC | $95.4M | $258.0M |
| TIAA Wealth Investment Management LLC | $70K | $330.9M |
| D.A. Davidson & Co. | $3.5M | $283.5M |
| TIAA-CREF Individual & Institutional Services, LLC | $1.5M | $269.6M |
| PNC Financial Services Group, Inc. | $5.8M | $241.3M |
| Northwestern Mutual Wealth Management Co | $220.4M | $16.6M |
| Creative Planning | $212.2M | $20.0M |
| Wells Fargo & Company | $31.4M | $191.6M |
| Betterment LLC | $63.4M | $143.1M |
This compares who owns the funds, not what the funds hold. From SEC Form 13F, for managers with $100M+ in US securities.
Who owns them: SCHA institutional holders, IWN institutional holders.
Frequently asked questions
How much do SCHA and IWN overlap?
32.4% by weight, with 977 holdings in common, using holdings for SCHA as of May 31, 2026 and IWN as of June 30, 2026. The largest shared position is HUT.
Do institutions hold both SCHA and IWN?
578 Form 13F filers report positions in both, out of 1,847 that report either one.
How is overlap by weight worked out?
For each holding the two funds share, take the smaller of the two weights, then add those up. Identical portfolios score 100%.