Do IGV and SHLD hold the same stocks?

By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, IGV or SHLD?

IGV has 80% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.

Which is cheaper, IGV or SHLD?

IGV charges 0.38% a year and SHLD charges 0.50%, so IGV is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

IGV vs SHLD: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, IGV returned −4.1% to SHLD's −6.5%; 7% of their weight is in the same names.

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Net assets: $14.4bn on Oct 27, 2026 for iShares Expanded Tech-Software Sector ETF, and $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.

IGV on its own →SHLD on its own →

At a glance

80.3%

IGV in the S&P 500

44.6%

SHLD in the S&P 500

−4.1%

IGV total return, 1 year

−6.5%

SHLD total return, 1 year

IGV · 1 year to Oct 28, 2026 20% of its weight is outside the S&P 500

80% of IGV's weight is in S&P 500 companies and 20% is outside the index. Holdings as of Oct 27, 2026.

SHLD · 1 year to Oct 28, 2026 55% of its weight is outside the S&P 500

45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

IGV costs 0.12 points a year less; their one-year returns differ by 2.4 points; IGV is 2.4 times larger.

IGV vs SHLD: Holdings Overlap & Returns
Measure	IGV	SHLD
Return
Measure	IGV	SHLD
Total return, 1 year	−4.1%	−6.5%
Drawdown
Measure	IGV	SHLD
Below its all-time high		18.6%, high on Mar 9, 2026
Benchmark
Measure	IGV	SHLD
What it tracks	Cloud and software	Defense
Cost and size
Measure	IGV	SHLD
Expense ratio	0.38%	0.50%
Net assets, as of Oct 12, 2026	$15.0bn	$6.3bn
Holdings
Measure	IGV	SHLD
Holdings in common	7%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, IGV and SHLD hold 7% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first IGV SHLD

PALANTIR TECHNOLOGIES CLASS A 9.10% 7.07%

Only in one fund ↓

Only in IGV

PALO ALTO NETWORKS 9.30%

CROWDSTRIKE HOLDINGS CLASS A 8.55%

MICROSOFT 8.39%

ORACLE 6.27%

SERVICENOW 4.85%

SALESFORCE 4.05%

FORTINET 3.76%

ADOBE INC 3.26%

Only in SHLD

LOCKHEED MARTIN CORPORATION 8.41%

RTX CORPORATION 7.75%

GENERAL DYNAMICS CORPORATION 7.67%

Rheinmetall Aktiengesellschaft 5.76%

BAE SYSTEMS PLC 4.88%

L3HARRIS TECHNOLOGIES, INC. 4.69%

HANWHA AEROSPACE CO., LTD. 4.40%

LEONARDO - SOCIETA PER AZIONI 4.35%

Check overlap with more funds →

Window by window

Window by window: IGV vs SHLD: Holdings Overlap & Returns
	Total return
Window	IGV	SHLD
3 months	+21.2%	+2.0%
6 months	+32.5%	−4.7%
1 year	−4.1%	−6.5%
3 years	+70.0%	+156.5%
Since launchNot the same days: IGV Jul 2001 · SHLD Sep 2023	+1,015.0%	+160.2%

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Side by side

IGV iShares Expanded Tech-Software Sector ETF · Holds 108 stocks in cloud and software, 80% of its weight in S&P 500 companies SHLD Global X Defense Tech ETF · Holds 48 stocks in defense, 45% of its weight in S&P 500 companies

Issuer iShares Global X

Theme Cloud and software Defense

In the S&P 500 80.3% 44.6%

Active share vs the S&P 500 92.4% 98.7%

In the Nasdaq-100 65.1% 7.1%

Holdings 108 48

Top ten, share of the fund 60.7% 59.3%

Expense ratio 0.38% 0.50%

Fee for the differing part 0.41% 0.51%

Total return, 1 year −4.1% −6.5%

vs its benchmark not measured not measured

Below its high −5.0% −18.6%

Net assets, IGV as of Oct 27, 2026 and SHLD as of Oct 12, 2026 $14.4bn $6.3bn

As of Oct 28, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Alert

About each fund

IGV

By weight, 80% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 108 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.1% with distributions reinvested.

SHLD

By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.

Questions people ask

Do IGV and SHLD hold the same stocks?: By their latest filings, 7% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, IGV or SHLD?: IGV has 80% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
Which is cheaper, IGV or SHLD?: IGV charges 0.38% a year and SHLD charges 0.50%, so IGV is cheaper. Fees come from each fund's prospectus.

Other comparisons

IGV vs PPA IGV vs IDEF IGV vs ITA IGV vs XAR SHLD vs SIL SHLD vs SOXX SHLD vs XT SHLD vs ARTY

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →IGV on its own →SHLD on its own →IGV dividend history →IGV holdings →SHLD dividend history →SHLD holdings →Method →Standards and sources →

Sources and dates

IGV filings on SEC EDGAR ↗

IGV prospectus with the expense ratio (SEC) ↗

iShares page for IGV ↗

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, IGV against SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/themes/igv-vs-shld

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.