SCHM vs IWN overlap
SCHM and IWN overlap 3.3% by weight, across 37 shared holdings.
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Top shared holdings
| Holding | SCHM | IWN | Overlap |
|---|---|---|---|
| Cytokinetics Inc.CYTK | 0.19% | 0.65% | 0.19% |
| UMB FinancialUMBF | 0.17% | 0.62% | 0.17% |
| Caretrust REICTRE | 0.17% | 0.59% | 0.17% |
| Commercial MetalCMC | 0.16% | 0.38% | 0.16% |
| Old NATL BancorpONB | 0.15% | 0.52% | 0.15% |
| Fluor Corp.FLR | 0.14% | 0.34% | 0.14% |
| Jackson FI-aJXN | 0.14% | 0.41% | 0.14% |
| JBT Marel Corp.JBTM | 0.13% | 0.50% | 0.13% |
| Terreno Realty CTRNO | 0.13% | 0.45% | 0.13% |
| Vaxcyte Inc.PCVX | 0.12% | 0.16% | 0.12% |
| Valley NATL BANCVLY | 0.12% | 0.34% | 0.12% |
| Alkermes PLCALKS | 0.13% | 0.11% | 0.11% |
| Glacier BancorpGBCI | 0.11% | 0.35% | 0.11% |
| Taylor MorrisonTMHC | 0.11% | 0.44% | 0.11% |
| Portland GeneralPOR | 0.10% | 0.40% | 0.10% |
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: SCHM, SEC Form N-PORT, May 31, 2026; IWN, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SCHM | IWN |
|---|---|---|
| Financial Engines Advisors L.L.C. | $1.9B | $220K |
| Bank of America Corp. | $35.6M | $1.4B |
| Creative Planning | $1.1B | $20.0M |
| Morgan Stanley | $60.8M | $937.6M |
| Envestnet Asset Management Inc. | $57.2M | $473.0M |
| Northwestern Mutual Wealth Management Co | $463.4M | $16.6M |
| Moneta Group Investment Advisors LLC | $433.9M | $15.5M |
| Jones Financial Companies LLLP | $266.2M | $70.0M |
| LPL Financial LLC | $74.4M | $258.0M |
| TIAA Wealth Investment Management LLC | $30K | $330.9M |
| TIAA-CREF Individual & Institutional Services, LLC | $353K | $269.6M |
| HighTower Advisors, LLC | $226.7M | $28.4M |
| UBS Group AG | $84.3M | $169.6M |
| PNC Financial Services Group, Inc. | $2.4M | $241.3M |
| Cerity Partners LLC | $198.5M | $23.5M |
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: SCHM institutional holders, IWN institutional holders.
Frequently asked questions
How much do SCHM and IWN overlap?
3.3% by weight, with 37 holdings in common, using holdings for SCHM as of May 31, 2026 and IWN as of June 30, 2026. The largest shared position is CYTK.
Do institutions hold both SCHM and IWN?
477 Form 13F filers report positions in both, out of 1,666 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%.