ETF · Small Blend

iShares Russell 2000 ETF(IWM)

$292.95
+0.87%
Expense Ratio
$71.9B
Total AUM
Holdings
Inception
Active Share vs VOO
Truly Active
0%20%60%100%
106.9%

AI Look-Through Summary

AI Generated

The portfolio's sector allocation is nearly entirely comprised of small-cap stocks, with over 113% attributed to various sectors, suggesting significant overlap or classification ambiguity within the provided data. The weighted P/E ratio of 58.6x and weighted P/B ratio of 0.18x indicate a relatively high valuation multiple and low price-to-book value compared to other equity benchmarks.

The top holdings are dominated by a single stock, accounting for approximately 13.1% of the portfolio's assets, while the remaining top stocks contribute significantly less. This concentration risk is notable, as it may increase the fund's exposure to idiosyncratic risks associated with that particular holding. The sector mix appears relatively concentrated in small-cap stocks, differing from the broader market; a favorable macro environment for this portfolio might be one characterized by strong economic growth and low interest rates, which could benefit smaller companies more than larger ones.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-12 07:33:30.361116+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 95/100

The investment theme implied by the iShares Russell 2000 ETF is exposure to small-cap U.S. equities, a category defined specifically by market capitalization rather than a specific industry or strategic niche. The provided top holdings list consists of generic ticker identifiers without company names, making it impossible to identify any individual securities that deviate from the stated theme based on their business operations. Consequently, there is no evidence within this data set suggesting an over-reliance on mega-cap stocks or unrelated industries that would dilute a thematic focus, as such deviations typically involve recognizable large-cap entities appearing in a small-cap fund's portfolio. The absence of named holdings in the provided text prevents any observation of misalignment between the fund's name and its actual asset composition regarding industry classification.

Sector coherence is inherently difficult to assess with the current data since specific sector weights for industries like technology, healthcare, or financials are not included in the input, nor are the underlying companies identified by name. However, the top-10 concentration metric of 17.8% indicates a relatively dispersed portfolio structure typical of broad small-cap indices designed to mimic the Russell 2000 benchmark rather than concentrate on specific leaders within that universe. This low concentration level suggests the fund maintains differentiation from strategies that might heavily weight individual outperformers, adhering instead to a passive replication approach intended to capture the aggregate performance of the entire small-cap segment. Without sector breakdowns or named holdings, it remains factual only that the structural design aligns with broad market indexing rather than active thematic selection based on specific industry exposure.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 08:58:18.507431+00

Flow Driver Analysis

2-Step Circle

Which larger ETFs share IWM's holdings — and mechanically drive its price through index rebalancing flows?

Approximately 100% of IWM's weight flows through these larger ETFs

Driver ETFAUMExpenseShared StocksWeight Overlap
ITOTiShares Core S&P Total U.S. Stock Market ETF$80B1412100.0%
SCHBSchwab U.S. Broad Market ETF$37B135092.4%
SCHASCHA$20B139589.3%
ACWIiShares MSCI ACWI ETF$28B817.2%
URTHiShares MSCI World ETF$7B717.0%

100% of IWM's portfolio by weight is also held by ITOT. When ITOT receives inflows, it mechanically buys these shared stocks — dragging IWM's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofIWM's weight.

Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.

ETF Look-Through Dashboard

Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.

51.6x
Weighted P/E
0.16x
Weighted P/B
$0B
Wtd Avg Market Cap

Weighted metrics calculated based on 1% of fund assets with available data.

Herfindahl-Hirschman Concentration Index

01000200030004000218
Well Diversified
Top 5: 17.1%Top 10: 19.5%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Small Growth

Sector & Cap Explorer

Visualization Mode

Earnings vs. Price Decomposition

Proprietary
+41.5%
ETF 1Y Return
+22.3%
Wtd Earnings Growth
+19.2%
Multiple Expansion
Earnings
P/E Inflation

IWM is up 41.5% over the last 12 months. The underlying weighted earnings growth of its constituents is +22.3%. The remaining +19.2% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.

Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 3% of fund weight with earnings data. Not investment advice.

Concentration Risk Monitor

HIGH
14.2%
Largest Holding
066922519
15.9%
Top 3 Weight
46
Effective # of Stocks
93%
Top Stock Var. Share
Portfolio weight concentration
066922519
Other 45 stocks

066922519 at 14.2% contributes an estimated 93% of portfolio variance.IWM holds 50 stocks but behaves like an 46-stock portfolio due to weight concentration in the top holdings.

Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². Not investment advice.

Under the Hood — Top 15 Constituents

Top 10 Concentration19.5%
#TickerCompanyWeightP/EF-Score
1066922519
BlackRock Funds III
14.24%
2093712107
Bloom Energy Corp.
1.01%
3192108504
Coeur Mining, Inc.
0.65%
4KYG3323L1005
Fabrinet
0.64%
54.1x2/9
565290E101
Nextpower, Inc.
0.60%
6278768106
EchoStar Corp.
0.54%
7KYG254571055
Credo Technology Group Holding Ltd.
0.52%
137.1x7/9
850077B207
Kratos Defense & Security Solutions, Inc.
0.43%
9007973100
Advanced Energy Industries, Inc.
0.41%
10859241101
Sterling Infrastructure, Inc.
0.41%
11422704106
Hecla Mining Co.
0.40%
1210806X102
Bridgebio Pharma, Inc.
0.40%
1340131M109
Guardant Health, Inc.
0.39%
14607828100
Modine Manufacturing Co.
0.39%
1529358P101
Ensign Group, Inc. (The)
0.38%
The bottom 1929 stocks in IWM account for only 78.6% of the total fund weight.Only the top 50 holdings are shown. Total holdings: 1,944.

Historical Holdings Snapshots

Browse how IWM’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.

2026-06-13

15 holdings · 21.4% tracked weight
#TickerWeightSharesMarket Value
106692251914.24%10,240,374,227$10.2B
20937121071.01%5,343,695$724.0M
31921085040.65%24,832,378$466.1M
4KYG3323L10050.64%883,424$460.7M
565290E1010.60%3,567,275$430.0M
62787681060.54%3,314,172$388.0M
7KYG2545710550.52%3,945,228$370.3M
850077B2070.43%4,421,873$311.8M
90079731000.41%922,183$297.6M
108592411010.41%729,639$297.2M
114227041060.40%15,537,399$289.5M
1210806X1020.40%3,877,396$287.9M
1340131M1090.39%3,033,710$280.2M
146078281000.39%1,280,928$277.6M
1529358P1010.38%1,370,923$276.2M

2026-06-12

15 holdings · 19.7% tracked weight
#TickerWeightSharesMarket Value
106692251913.09%9,649,091,998$9.7B
2KYG2545710550.76%3,878,411$558.1M
30937121070.65%5,527,710$480.3M
4KYG3323L10050.56%914,688$416.4M
546222L1080.52%8,558,361$384.0M
62787681060.51%3,430,801$372.9M
765290E1010.44%3,690,947$321.5M
850077B2070.43%4,221,192$320.4M
940131M1090.43%3,072,200$313.8M
104227041060.42%16,087,318$308.7M
1110806X1020.42%4,016,519$307.2M
121921085040.39%16,204,319$288.9M
135588681050.37%470,216$273.8M
147509171060.34%2,735,760$251.4M
1529358P1010.34%1,421,350$247.6M

2026-05-24

15 holdings · 19.7% tracked weight
#TickerWeightSharesMarket Value
106692251913.09%9,649,091,998$9.7B
2KYG2545710550.76%3,878,411$558.1M
30937121070.65%5,527,710$480.3M
4KYG3323L10050.56%914,688$416.4M
546222L1080.52%8,558,361$384.0M
62787681060.51%3,430,801$372.9M
765290E1010.44%3,690,947$321.5M
850077B2070.43%4,221,192$320.4M
940131M1090.43%3,072,200$313.8M
104227041060.42%16,087,318$308.7M
1110806X1020.42%4,016,519$307.2M
121921085040.39%16,204,319$288.9M
135588681050.37%470,216$273.8M
147509171060.34%2,735,760$251.4M
1529358P1010.34%1,421,350$247.6M

2026-05-23

15 holdings · 19.7% tracked weight
#TickerWeightSharesMarket Value
106692251913.09%9,649,091,998$9.7B
2KYG2545710550.76%3,878,411$558.1M
30937121070.65%5,527,710$480.3M
4KYG3323L10050.56%914,688$416.4M
546222L1080.52%8,558,361$384.0M
62787681060.51%3,430,801$372.9M
765290E1010.44%3,690,947$321.5M
850077B2070.43%4,221,192$320.4M
940131M1090.43%3,072,200$313.8M
104227041060.42%16,087,318$308.7M
1110806X1020.42%4,016,519$307.2M
121921085040.39%16,204,319$288.9M
135588681050.37%470,216$273.8M
147509171060.34%2,735,760$251.4M
1529358P1010.34%1,421,350$247.6M

2026-05-22

15 holdings · 19.7% tracked weight
#TickerWeightSharesMarket Value
106692251913.09%9,649,091,998$9.7B
2KYG2545710550.76%3,878,411$558.1M
30937121070.65%5,527,710$480.3M
4KYG3323L10050.56%914,688$416.4M
546222L1080.52%8,558,361$384.0M
62787681060.51%3,430,801$372.9M
765290E1010.44%3,690,947$321.5M
850077B2070.43%4,221,192$320.4M
940131M1090.43%3,072,200$313.8M
104227041060.42%16,087,318$308.7M
1110806X1020.42%4,016,519$307.2M
121921085040.39%16,204,319$288.9M
135588681050.37%470,216$273.8M
147509171060.34%2,735,760$251.4M
1529358P1010.34%1,421,350$247.6M

2026-05-21

15 holdings · 19.7% tracked weight
#TickerWeightSharesMarket Value
106692251913.09%9,649,091,998$9.7B
2KYG2545710550.76%3,878,411$558.1M
30937121070.65%5,527,710$480.3M
4KYG3323L10050.56%914,688$416.4M
546222L1080.52%8,558,361$384.0M
62787681060.51%3,430,801$372.9M
765290E1010.44%3,690,947$321.5M
850077B2070.43%4,221,192$320.4M
940131M1090.43%3,072,200$313.8M
104227041060.42%16,087,318$308.7M
1110806X1020.42%4,016,519$307.2M
121921085040.39%16,204,319$288.9M
135588681050.37%470,216$273.8M
147509171060.34%2,735,760$251.4M
1529358P1010.34%1,421,350$247.6M

Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.

Risk Profile

22.5%
Annual Volatility
1.52
Sharpe (1Y)
-16.3%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this ETF's returns.

0.97
Market β
+0.843
Size (SMB)
Small-cap tilt
+0.154
Value (HML)
Value tilt
-0.267
Profit (RMW)
Weak
-0.016
Invest (CMA)
Neutral
Alpha (annual): +0.67%
R²: 98.2%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Price Chart with Moving Averages

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What Drove IWM Today?

Daily return attribution — which holdings contributed most (and least) to the fund's move.

Fund move:+0.87%(2026-06-12)

Top Contributors

Top Detractors

Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.

Technical Setup

AI Generated

The current price action for the iShares Russell 2000 ETF at $285.12 reflects a specific snapshot within its broader small-cap trajectory, though detailed moving average crossovers and volume profiles are absent from the provided dataset to fully characterize institutional positioning without speculation. In environments where larger market participants typically accumulate or distribute assets, one would generally look for divergences between price momentum and trading volume; however, lacking explicit trend lines or volume spikes in this summary, any assertion regarding whether institutions are aggressively building positions or reducing exposure remains hypothetical. The absence of confirmed short-term moving average crossovers prevents a definitive conclusion on immediate directional bias driven by algorithmic or discretionary large-cap flows, as these technical signals often precede significant shifts in liquidity dynamics for small-blend sectors. Without specific data points indicating whether the price is trading above or below key support levels defined by recent averages, it is impossible to determine if institutional sentiment leans toward bullish accumulation or bearish capitulation at this precise moment. A robust analysis of how larger players are positioned usually requires observing sustained volume increases on upward moves alongside declining volumes on pullbacks, neither of which can be verified here. Consequently, while the sector's valuation relative to historical norms might offer context for long-term strategic allocation, the immediate technical landscape described does not provide sufficient evidence to infer active institutional buying or selling pressure beyond general market noise.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

Loading beta chart...
Rolling Beta Market (β = 1.0)

Yield & Income

0.80%
TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

How IWM’s sector allocation has shifted across snapshots. Use the slider to travel through time.

2026-06-1359 snapshots
Other100.0%
2026-03-262026-06-13

Active Conviction Tracker

Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.

Comparing 2026-06-122026-06-1318 buys, 42 sells

Positions Increased (18)

BUY066922519
9649.1M10240.4M+591.3M (+6.1%)
14.24%(+1.15)
BUY192108504
16.2M24.8M+8.6M (+53.2%)
0.65%(+0.26)
NEW72703X106
06.6M+6.6M
0.26%(+0.26)
NEW78454L100
06.1M+6.1M
0.26%(+0.26)
NEW925550105
05.6M+5.6M
0.26%(+0.26)
NEW343412102
03.9M+3.9M
0.26%(+0.26)
NEW92243G108
03.0M+3.0M
0.25%(+0.25)
NEW816850101
02.3M+2.3M
0.24%(+0.24)

Positions Decreased (42)

EXIT550241103
24.1M0-24.1M (-100.0%)
0.00%(-0.25)
EXIT26740W109
8.5M0-8.5M (-100.0%)
0.00%(-0.30)
EXIT76655K103
8.1M0-8.1M (-100.0%)
0.00%(-0.24)
EXIT185123106
7.0M0-7.0M (-100.0%)
0.00%(-0.23)
EXIT433000106
5.2M0-5.2M (-100.0%)
0.00%(-0.23)
EXIT12740C103
3.9M0-3.9M (-100.0%)
0.00%(-0.23)
EXIT98983L108
3.8M0-3.8M (-100.0%)
0.00%(-0.24)
EXIT05370A108
2.9M0-2.9M (-100.0%)
0.00%(-0.29)

AUM & Capital Flow Tracker

Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.

Total Net Assets
$82.20B
Est. AUM Change (90d)
+$9.10B
Price Change (90d)
+12.45%
Filing Snapshots
2
02-0402-2603-1904-1005-0105-2206-12$67.96B$75.08B$82.20B
Estimated AUMTNA Filing Date

Estimated AUM derived from the latest SEC N-PORT filing TNA ($82.20B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).

Explore More

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-12.

SecuritiesDB is for informational purposes only. Not investment advice.