ETF Versus

DVY vs IWM

iShares Select Dividend ETF vs iShares Russell 2000 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
IWM iShares

iShares Russell 2000 ETF (IWM) is an exchange-traded fund issued by iShares that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a moderate expense ratio of 0.19%. The fund offers a moderate dividend yield of 1.02%. Launched in 2000, the fund has a 26-year track record.

AUM: $69.0B ER: 0.19% Yield: 1.02% Since: May 22, 2000

Quick Verdict

IWM is significantly cheaper at 0.19% vs 0.38% expense ratio, saving you approximately $371 per $10,000 invested over 10 years. Over the past year, IWM has significantly outperformed with a 25.1% return vs 12.6%. Income investors may prefer DVY for its higher yield (3.5% vs 1.0%).

Key Metrics

Metric DVY IWM
Expense Ratio 0.38% 0.19%
Dividend Yield 3.5% 1.0%
Fund Family iShares iShares
Category US Dividend US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

70 84 98 112 126 140 2021-04 2022-06 2023-09 2024-12 2026-04
DVY +30.7%
IWM +10.9%

Performance Comparison

Period DVY IWM Difference
1 Month -3.15% -5.40% +2.25%
3 Months +5.89% +0.31% +5.58%
6 Months +5.53% +1.52% +4.01%
YTD +5.89% +0.31% +5.58%
1 Year +12.56% +25.09% -12.53%
3 Years +28.73% +39.83% -11.10%
5 Years +30.67% +10.93% +19.74%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DVY Fees IWM Fees You Save
$10.000 10 years $748 $377 $371
$10.000 20 years $3.173 $1.613 $1.560
$10.000 30 years $10.097 $5.178 $4.920
$50.000 10 years $3.739 $1.884 $1.854
$50.000 30 years $50.486 $25.888 $24.598
$100.000 30 years $100.972 $51.776 $49.196

Risk Metrics

Based on 5 years of daily returns

Metric DVY IWM
Annualized Volatility 15.5% 22.6%
Max Drawdown -22.1% -33.1%
Sharpe Ratio 0.13 0.01

Dividend Comparison

Metric DVY IWM
Annual Dividend (per share) $5.24 $2.54
Dividend Yield 3.47% 1.02%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 10 holdings overlap (0% overlap in top holdings)

DVY Top Holdings

NameWeight
Pfizer Inc.PFE2.33%
Altria Group, Inc.MO2.17%
Verizon Communications Inc.VZ2.01%
ONEOK, Inc.OKE1.93%
Prudential Financial, Inc.PRU1.81%
T. Rowe Price Group, Inc.TROW1.75%
LyondellBasell Industries N.V.LYB1.70%
General Mills, Inc.GIS1.62%
Edison InternationalEIX1.60%
Kimberly-Clark CorporationKMB1.57%

IWM Top Holdings

NameWeight
Bloom Energy CorporationBE1.01%
FabrinetFN0.69%
Nextpower Inc.NXT0.61%
COEUR MINING INCCDE.NE0.60%
EchoStar CorporationSATS0.54%
Credo Technology Group Holding LtdCRDO0.53%
Kratos Defense & Security Solutions, Inc.KTOS0.45%
Sterling Infrastructure, Inc.STRL0.43%
Advanced Energy Industries, Inc.AEIS0.41%
Hecla Mining CompanyHL0.39%

Which One Should You Choose?

Choose IWM if...

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

Choose IWM 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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