SPYG vs IWB overlap
SPYG and IWB overlap 61.7% by weight, across 145 shared holdings.
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Top shared holdings
| Holding | SPYG | IWB | Overlap |
|---|---|---|---|
| Nvidia Corp.NVDA | 13.65% | 6.72% | 6.72% |
| Apple Inc.AAPL | 5.99% | 6.03% | 5.99% |
| Microsoft Corp.MSFT | 7.80% | 3.99% | 3.99% |
| Amazon.COM Inc.AMZN | 3.48% | 3.33% | 3.33% |
| Alphabet Inc.-aGOOGL | 5.90% | 3.00% | 3.00% |
| Broadcom Inc.AVGO | 5.04% | 2.53% | 2.53% |
| Alphabet Inc.-CGOOG | 4.70% | 2.42% | 2.42% |
| Micron TechMU | 3.67% | 1.87% | 1.87% |
| META Platforms-aMETA | 3.48% | 1.78% | 1.78% |
| Tesla Inc.TSLA | 2.07% | 1.77% | 1.77% |
| ELI Lilly & CoLLY | 2.67% | 1.38% | 1.38% |
| ADV Micro DeviceAMD | 2.67% | 1.36% | 1.36% |
| Berkshire HATH-BBRK/B | 2.58% | 1.34% | 1.34% |
| JPMorgan ChaseJPM | 1.68% | 1.26% | 1.26% |
| Johnson&JohnsonJNJ | 1.02% | 0.88% | 0.88% |
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: SPYG, SEC Form N-PORT, June 30, 2026; IWB, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | SPYG | IWB |
|---|---|---|
| LPL Financial LLC | $4.8B | $1.0B |
| FMR LLC | $215.7M | $4.1B |
| Jones Financial Companies LLLP | $180.5M | $3.5B |
| Bank of America Corp. | $1.2B | $1.9B |
| Envestnet Asset Management Inc. | $1.1B | $1.6B |
| Goldman Sachs Group Inc. | $1.9B | $443.1M |
| Morgan Stanley | $1.1B | $835.7M |
| Financial Engines Advisors L.L.C. | $1.9B | $5.9M |
| Ameriprise Financial Inc. | $1.3B | $197.6M |
| JPMorgan Chase & Co | $656.2M | $664.1M |
| Allworth Financial LP | $1.3B | $6.6M |
| M&T Bank Corp | $18.2M | $1.2B |
| Northern Trust Corp. | $27.1M | $1.0B |
| Wells Fargo & Company | $394.8M | $646.1M |
| PNC Financial Services Group, Inc. | $10.5M | $947.3M |
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: SPYG institutional holders, IWB institutional holders.
Frequently asked questions
How much do SPYG and IWB overlap?
61.7% by weight, with 145 holdings in common, using holdings for SPYG as of June 30, 2026 and IWB as of June 30, 2026. The largest shared position is NVDA.
Do institutions hold both SPYG and IWB?
705 Form 13F filers report positions in both, out of 2,250 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%.