VO vs IWR overlap
VO and IWR overlap 54.8% by weight, across 230 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VO | IWR | Overlap |
|---|---|---|---|
| Datadog Inc.-aDDOG | 0.83% | 0.62% | 0.62% |
| Royal CaribbeanRCL | 0.74% | 0.58% | 0.58% |
| Cloudflare Inc.-aNET | 0.76% | 0.56% | 0.56% |
| Robinhood Mark-aHOOD | 0.77% | 0.56% | 0.56% |
| Teradyne Inc.TER | 0.73% | 0.55% | 0.55% |
| Marathon PetroleMPC | 0.72% | 0.54% | 0.54% |
| Simon PropertySPG | 0.67% | 0.52% | 0.52% |
| United RentalsURI | 0.69% | 0.51% | 0.51% |
| Coherent Corp.COHR | 0.75% | 0.50% | 0.50% |
| Comfort SystemsFIX | 0.67% | 0.50% | 0.50% |
| Phillips 66PSX | 0.66% | 0.49% | 0.49% |
| Warner Bros DISCWBD | 0.61% | 0.46% | 0.46% |
| Digital RealtyDLR | 0.61% | 0.45% | 0.45% |
| Delta Air LIDAL | 0.57% | 0.44% | 0.44% |
| Allstate Corp.ALL | 0.59% | 0.44% | 0.44% |
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: VO, SEC Form N-PORT, June 30, 2026; IWR, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VO | IWR |
|---|---|---|
| Jones Financial Companies LLLP | $8.9B | $10.9B |
| Wells Fargo & Company | $8.8B | $5.0B |
| Bank of America Corp. | $6.0B | $7.6B |
| UBS Group AG | $4.5B | $811.2M |
| Morgan Stanley | $2.9B | $1.3B |
| US Bancorp | $1.8B | $1.4B |
| Raymond James Financial Inc. | $2.5B | $308.3M |
| Creative Planning | $2.6B | $103.3M |
| Envestnet Asset Management Inc. | $2.0B | $496.5M |
| PNC Financial Services Group, Inc. | $774.8M | $1.4B |
| Northwestern Mutual Wealth Management Co | $2.0B | $134.0M |
| Natixis Advisors, LLC | $1.4B | $273.1M |
| LPL Financial LLC | $1.2B | $411.5M |
| Bank of New York Mellon Corp | $358.2M | $1.2B |
| JPMorgan Chase & Co | $694.3M | $812.9M |
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: VO institutional holders, IWR institutional holders.
Frequently asked questions
How much do VO and IWR overlap?
54.8% by weight, with 230 holdings in common, using holdings for VO as of June 30, 2026 and IWR as of June 30, 2026. The largest shared position is DDOG.
Do institutions hold both VO and IWR?
1,194 Form 13F filers report positions in both, out of 2,873 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%.