ETFs › Twin funds

Twin funds

Many ETFs hold nearly the same stocks at nearly the same weights and charge different prices for it. Here are the 300 largest US-listed ETFs grouped wherever two of them share 85% or more of their stock holdings, from their own SEC filings, each group from the cheapest to the dearest.

In short

Option-income, leveraged and buffer funds are left out: same stocks, different product.

13

groups of near-identical funds

43

of the 300 funds are in one

$20 vs $2

a year on $10,000 · IWV against SPYM

QQQ and QQQM

Invesco QQQ and the fund that holds nearly the same, $587.3B between them.

On $10,000, QQQ costs $18 a year and QQQM $15. QQQM and QQQ side by side ›

VUG and MGK

Vanguard Growth ETF and the fund that holds nearly the same, $412.6B between them.

On $10,000, MGK costs $5 a year and VUG $3. VUG and MGK side by side ›

VGT and FTEC

Vanguard Information Technology ETF and the fund that holds nearly the same, $191.7B between them.

On $10,000, VGT costs $9 a year and FTEC $8. FTEC and VGT side by side ›

IVW and 3 near-twins

iShares S&P 500 Growth ETF and the funds that hold nearly the same, $186.7B between them.

On $10,000, IVW costs $18 a year and SPYG $4. SPYG and IVW side by side ›

IWF and IWY

iShares Russell 1000 Growth ETF and the fund that holds nearly the same, $145.9B between them.

On $10,000, IWY costs $20 a year and IWF $18. IWF and IWY side by side ›

IJH and SPMD

iShares Core S&P Mid-Cap ETF and the fund that holds nearly the same, $142.7B between them.

On $10,000, IJH costs $5 a year and SPMD $3. SPMD and IJH side by side ›

IJR and SPSM

iShares Core S&P Small-Cap ETF and the fund that holds nearly the same, $128.2B between them.

On $10,000, IJR costs $6 a year and SPSM $3. SPSM and IJR side by side ›

IVE and 2 near-twins

iShares S&P 500 Value ETF and the funds that hold nearly the same, $109.5B between them.

On $10,000, IVE costs $18 a year and SPYV $4. SPYV and IVE side by side ›

XLV and VHT

State Street Health Care Select Sector SPDR ETF and the fund that holds nearly the same, $59.6B between them.

On $10,000, VHT costs $9 a year and XLV $8. XLV and VHT side by side ›

FNDX and PRF

Schwab Fundamental U.S. Large Company ETF and the fund that holds nearly the same, $35.3B between them.

On $10,000, PRF costs $34 a year and FNDX $25. FNDX and PRF side by side ›

XLU and VPU

State Street Utilities Select Sector SPDR ETF and the fund that holds nearly the same, $33.7B between them.

On $10,000, VPU costs $9 a year and XLU $8. XLU and VPU side by side ›

OEF and MGC

iShares S&P 100 ETF and the fund that holds nearly the same, $30.9B between them.

On $10,000, OEF costs $20 a year and MGC $5. MGC and OEF side by side ›

From each fund’s latest Form N-PORT (mostly mid 2026) and its prospectus, via the SEC’s public data sets. “The same” is stock by stock the smaller of the two weights, added up, against the group’s largest fund; funds filed on different dates differ a little more than they are. Cost is the yearly expense ratio; trading costs and tax treatment are not in it. Not advice on which fund to hold.