ETF · Small Blend

iShares Russell 2000 ETF(IWM)

$291.66
+0.93%
Expense Ratio
$71.9B
Total AUM
Holdings
Inception
Active Share vs VOO
Truly Active
0%20%60%100%
106.3%

AI Look-Through Summary

AI Generated

The iShares Russell 2000 ETF maintains a substantial asset base of approximately $71.9 billion, reflecting significant market interest in the small-cap segment. The fund's concentration profile is heavily skewed toward its largest position, which accounts for over thirteen percent of total assets under management. This single holding dominates the portfolio to an extent not typically seen in broadly diversified large-cap indices, creating a distinct reliance on the performance of that specific issuer relative to the remaining holdings. While the top ten positions collectively represent a meaningful portion of the fund's value, the data provided does not explicitly detail the underlying sector allocations or geographic exposures for these individual tickers, preventing a granular analysis of industry tilt or regional focus based solely on this snapshot.

Quantitatively, the presence of such a large weighting in one security suggests that the fund's short-term volatility and beta may be more closely tied to movements in that top holding than if the distribution were flatter across its 200 underlying securities. The remaining nine positions listed contribute modestly to the total value individually, indicating that diversification benefits within the small-cap space are partially offset by this specific concentration risk at the decile level. Without access to the full list of holdings or detailed breakdowns of revenue sources for these entities, it remains impossible to ascertain whether the fund leans toward domestic exposure only or includes international components through cross-listed securities. The sheer scale of assets under management implies high liquidity and potential influence on small-cap market dynamics, yet the specific operational characteristics driving returns are obscured by the lack of sector and country data in the provided top ten list.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-21 10:50:01.82351+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$80B1428100.0%
SCHBSchwab U.S. Broad Market ETF$37B135191.2%
SCHASCHA$20B139988.0%
ACWIiShares MSCI ACWI ETF$28B816.1%
URTHiShares MSCI World ETF$7B716.0%

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

Replaces $249/yr Morningstar

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

59.6x
Weighted P/E
0.20x
Weighted P/B
1.02%
Dividend Yield
$0B
Wtd Avg Market Cap

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

Herfindahl-Hirschman Concentration Index

01000200030004000185
Well Diversified
Top 5: 15.6%Top 10: 17.8%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Small Growth

Sector & Cap Explorer

Visualization Mode

Earnings vs. Price Decomposition

Proprietary
+40.8%
ETF 1Y Return
+94.1%
Wtd Earnings Growth
-53.3%
Multiple Contraction
Earnings

IWM is up 40.8% over the last 12 months. The underlying weighted earnings growth of its constituents is +94.1%. Despite earnings growth, valuations have contracted by 53.3% — the market is paying less per dollar of earnings than a year ago.

Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 2% of fund weight with earnings data. Not investment advice.

Concentration Risk Monitor

HIGH
13.1%
Largest Holding
066922519
14.5%
Top 3 Weight
54
Effective # of Stocks
92%
Top Stock Var. Share
Portfolio weight concentration
066922519
Other 45 stocks

066922519 at 13.1% contributes an estimated 92% of portfolio variance.IWM holds 50 stocks but behaves like an 54-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 Concentration17.8%
#TickerCompanyWeightP/EF-Score
1066922519
BlackRock Funds III
13.09%
2KYG254571055
Credo Technology Group Holding Ltd.
0.76%
129.7x7/9
3093712107
Bloom Energy Corp.
0.65%
4KYG3323L1005
Fabrinet
0.56%
54.1x2/9
546222L108
IonQ, Inc.
0.52%
6278768106
EchoStar Corp.
0.51%
765290E101
Nextpower, Inc.
0.44%
850077B207
Kratos Defense & Security Solutions, Inc.
0.43%
940131M109
Guardant Health, Inc.
0.43%
10422704106
Hecla Mining Co.
0.42%
1110806X102
Bridgebio Pharma, Inc.
0.42%
12192108504
Coeur Mining, Inc.
0.39%
13558868105
Madrigal Pharmaceuticals, Inc.
0.37%
14750917106
Rambus, Inc.
0.34%
1529358P101
Ensign Group, Inc. (The)
0.34%
The bottom 1947 stocks in IWM account for only 80.3% of the total fund weight.Only the top 50 holdings are shown. Total holdings: 1,962.

Historical Holdings Snapshots

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

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

2026-05-20

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

2026-05-19

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

22.8%
Annual Volatility
1.59
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:+0.93%(2026-06-02)

Top Contributors

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.

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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.

2026-05-2457 snapshots
Other100.0%
2026-03-262026-05-24

Active Conviction Tracker

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

No position changes detected between snapshots.

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
$83.44B
Est. AUM Change (90d)
+$7.86B
Price Change (90d)
+10.14%
Filing Snapshots
1
01-2302-1303-0903-3004-2105-1206-02$70.88B$78.17B$85.46B
Estimated AUMTNA Filing Date

Estimated AUM derived from the latest SEC N-PORT filing TNA ($83.44B) 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: 2026-06-02.

SecuritiesDB is for informational purposes only. Not investment advice.