ETF Versus

IWD vs IWM

iShares Russell 1000 Value ETF vs iShares Russell 2000 ETF

Last updated: 2026-04-02

IWD iShares

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a moderate expense ratio of 0.18%. The fund offers a moderate dividend yield of 1.67%. Launched in 2000, the fund has a 26-year track record.

AUM: $68.2B ER: 0.18% Yield: 1.67% Since: May 22, 2000
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

Both funds have nearly identical expense ratios (0.18% vs 0.19%), so fees are not a differentiator here. Over the past year, IWM has significantly outperformed with a 25.1% return vs 14.4%. Income investors may prefer IWD for its higher yield (1.7% vs 1.0%).

Key Metrics

Metric IWD IWM
Expense Ratio 0.18% 0.19%
Dividend Yield 1.7% 1.0%
Fund Family iShares iShares
Category US Large Cap Value US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

70 86 102 118 134 150 2021-04 2022-06 2023-09 2024-12 2026-04
IWD +39.4%
IWM +10.9%

Performance Comparison

Period IWD IWM Difference
1 Month -4.53% -5.40% +0.87%
3 Months +1.29% +0.31% +0.98%
6 Months +4.87% +1.52% +3.35%
YTD +1.29% +0.31% +0.98%
1 Year +14.39% +25.09% -10.70%
3 Years +40.40% +39.83% +0.57%
5 Years +39.38% +10.93% +28.45%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWD Fees IWM Fees You Save
$10.000 10 years $357 $377 $20
$10.000 20 years $1.529 $1.613 $84
$10.000 30 years $4.912 $5.178 $266
$50.000 10 years $1.786 $1.884 $98
$50.000 30 years $24.558 $25.888 $1.330
$100.000 30 years $49.116 $51.776 $2.660

Risk Metrics

Based on 5 years of daily returns

Metric IWD IWM
Annualized Volatility 14.9% 22.6%
Max Drawdown -20.3% -33.1%
Sharpe Ratio 0.22 0.01

Dividend Comparison

Metric IWD IWM
Annual Dividend (per share) $3.58 $2.54
Dividend Yield 1.67% 1.02%
Distribution Frequency Quarterly Quarterly

Top Holdings

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

IWD Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.89%
JPMorgan Chase & Co.JPM2.57%
Exxon Mobil CorporationXOM2.42%
Johnson & JohnsonJNJ1.94%
Amazon.com, Inc.AMZN1.76%
Walmart Inc.WMT1.61%
Alphabet Inc.GOOG1.54%
Micron Technology, Inc.MU1.34%
Chevron CorporationCVX1.32%

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...

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

Choose IWD if...

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

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