What is the expense ratio of DVY vs IWF?

DVY has an expense ratio of 0.38%, while IWF has an expense ratio of 0.18%.

DVY vs IWF

iShares Select Dividend ETF vs iShares Russell 1000 Growth ETF

Last updated: 2026-04-02

DVY iShares

iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003

IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.39%. Launched in 2000, the fund has a 26-year track record.

AUM: $108.0B ER: 0.18% Yield: 0.39% Since: May 22, 2000

Quick Verdict

IWF is significantly cheaper at 0.18% vs 0.38% expense ratio, saving you approximately $391 per $10,000 invested over 10 years. Over the past year, IWF has significantly outperformed with a 18.2% return vs 12.6%. Income investors may prefer DVY for its higher yield (3.5% vs 0.4%).

Key Metrics

Metric	DVY	IWF
Expense Ratio	0.38%	0.18%
Dividend Yield	3.5%	0.4%
Fund Family	iShares	iShares
Category	US Dividend	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

DVY +30.7%

IWF +71.3%

Performance Comparison

Period	DVY	IWF	Difference
1 Month	-3.15%	-4.73%	+1.58%
3 Months	+5.89%	-8.83%	+14.72%
6 Months	+5.53%	-8.48%	+14.01%
YTD	+5.89%	-8.83%	+14.72%
1 Year	+12.56%	+18.20%	-5.64%
3 Years	+28.73%	+75.80%	-47.07%
5 Years	+30.67%	+71.26%	-40.59%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	DVY Fees	IWF Fees	You Save
$10.000	10 years	$748	$357	$391
$10.000	20 years	$3.173	$1.529	$1.643
$10.000	30 years	$10.097	$4.912	$5.186
$50.000	10 years	$3.739	$1.786	$1.953
$50.000	30 years	$50.486	$24.558	$25.928
$100.000	30 years	$100.972	$49.116	$51.856

Risk Metrics

Based on 5 years of daily returns

Metric	DVY	IWF
Annualized Volatility	15.5%	21.4%
Max Drawdown	-22.1%	-33.1%
Sharpe Ratio	0.13	0.40

Dividend Comparison

Metric	DVY	IWF
Annual Dividend (per share)	$5.24	$1.69
Dividend Yield	3.47%	0.39%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

DVY Top Holdings

Name	Weight
Pfizer Inc.PFE	2.33%
Altria Group, Inc.MO	2.17%
Verizon Communications Inc.VZ	2.01%
ONEOK, Inc.OKE	1.93%
Prudential Financial, Inc.PRU	1.81%
T. Rowe Price Group, Inc.TROW	1.75%
LyondellBasell Industries N.V.LYB	1.70%
General Mills, Inc.GIS	1.62%
Edison InternationalEIX	1.60%
Kimberly-Clark CorporationKMB	1.57%

IWF Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.82%
Apple Inc.AAPL	11.79%
Microsoft CorporationMSFT	8.78%
Broadcom Inc.AVGO	4.81%
Amazon.com, Inc.AMZN	4.61%
Tesla, Inc.TSLA	3.57%
Meta Platforms, Inc.META	3.28%
Alphabet Inc.GOOG	2.83%
Eli Lilly and CompanyLLY	2.62%

Which One Should You Choose?

Choose IWF if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IWF if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose DVY if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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