VOE vs IWP overlap
VOE and IWP overlap 9.0% by weight, across 28 shared holdings.
Pick 2 to 4 ETFs.
Top shared holdings
| Holding | VOE | IWP | Overlap |
|---|---|---|---|
| Simon PropertySPG | 1.19% | 1.96% | 1.19% |
| Marathon PetroleMPC | 1.29% | 1.05% | 1.05% |
| Keysight TECKEYS | 1.03% | 0.93% | 0.93% |
| Cencora Inc.COR | 0.90% | 1.45% | 0.90% |
| Cardinal HealthCAH | 0.96% | 0.70% | 0.70% |
| Sysco Corp.SYY | 0.69% | 0.52% | 0.52% |
| Rockwell AutomatROK | 0.48% | 1.25% | 0.48% |
| United RentalsURI | 1.22% | 0.45% | 0.45% |
| Darden RestauranDRI | 0.41% | 0.64% | 0.41% |
| Kimberly-ClarkKMB | 0.63% | 0.32% | 0.32% |
| EBAY Inc.EBAY | 0.86% | 0.30% | 0.30% |
| Netapp Inc.NTAP | 0.53% | 0.29% | 0.29% |
| Electronic ARTSEA | 0.44% | 0.19% | 0.19% |
| NVR Inc.NVR | 0.15% | 0.20% | 0.15% |
| Phillips 66PSX | 1.17% | 0.11% | 0.11% |
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: VOE, SEC Form N-PORT, June 30, 2026; IWP, SEC Form N-PORT, June 30, 2026.
Largest institutions holding both
| Firm | VOE | IWP |
|---|---|---|
| Morgan Stanley | $965.6M | $2.9B |
| Bank of America Corp. | $616.3M | $1.0B |
| Wells Fargo & Company | $538.7M | $781.1M |
| Envestnet Asset Management Inc. | $241.0M | $858.9M |
| Jones Financial Companies LLLP | $672.0M | $282.9M |
| EP Wealth Advisors, LLC | $887.0M | $27.9M |
| Assetmark, Inc. | $874.7M | $775K |
| UBS Group AG | $303.8M | $398.0M |
| Betterment LLC | $692.9M | $2.5M |
| PNC Financial Services Group, Inc. | $284.4M | $354.9M |
| LPL Financial LLC | $229.5M | $399.1M |
| Royal Bank of Canada | $450.2M | $134.5M |
| First Command Advisory Services, Inc. | $92K | $577.1M |
| TIAA-CREF Individual & Institutional Services, LLC | $273.9M | $274.8M |
| Ameriprise Financial Inc. | $148.9M | $373.5M |
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: VOE institutional holders, IWP institutional holders.
Frequently asked questions
How much do VOE and IWP overlap?
9.0% by weight, with 28 holdings in common, using holdings for VOE as of June 30, 2026 and IWP as of June 30, 2026. The largest shared position is SPG.
Do institutions hold both VOE and IWP?
670 Form 13F filers report positions in both, out of 1,788 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%.