IWLG vs IQSM overlap

IWLG and IQSM overlap 0.5% by weight, across 1 shared holdings.

IWLGIQSM

Pick 2 to 4 ETFs.

0.5%

overlap by weight, across 1 shared holdings

IWLG1.5% of the fund is in shared holdings, of 40

IQSM0.5% of the fund is in shared holdings, of 246

Top shared holdings

Holding	IWLG	IQSM	Overlap
Elanco Animal HEELAN	1.48%	0.49%	0.49%

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: IWLG, SEC Form N-PORT, July 31, 2026; IQSM, SEC Form N-PORT, July 31, 2026.

institutions report holding both, of 29 holding any

IWLG25.8% of its 13F dollars, 12.0% of its 25 holders

IQSM98.8% of its 13F dollars, 42.9% of its 7 holders

Largest institutions holding both

Firm	IWLG	IQSM
New York Life Investment Management LLC	$89.4M	$331.5M
JPMorgan Chase & Co	$118K	$11K
Morgan Stanley	$15K	$9K

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: IWLG institutional holders, IQSM institutional holders.

Frequently asked questions

How much do IWLG and IQSM overlap?

0.5% by weight, with 1 holdings in common, using holdings for IWLG as of July 31, 2026 and IQSM as of July 31, 2026. The largest shared position is ELAN.

Do institutions hold both IWLG and IQSM?

3 Form 13F filers report positions in both, out of 29 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%.