ETF Versus

IWD vs IYR

iShares Russell 1000 Value ETF vs iShares U.S. Real Estate 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
IYR iShares

iShares U.S. Real Estate ETF (IYR) is an exchange-traded fund issued by iShares that provides exposure to U.S. real estate investment trusts (REITs) and real estate companies. It charges an above-average expense ratio of 0.38%. The fund offers a moderate dividend yield of 2.37%. Launched in 2000, the fund has a 26-year track record.

AUM: $3.9B ER: 0.38% Yield: 2.37% Since: Jun 12, 2000

Quick Verdict

IWD 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, IWD has significantly outperformed with a 14.4% return vs -1.0%. Income investors may prefer IYR for its higher yield (2.4% vs 1.7%).

Key Metrics

Metric IWD IYR
Expense Ratio 0.18% 0.38%
Dividend Yield 1.7% 2.4%
Fund Family iShares iShares
Category US Large Cap Value US Real Estate

Performance Chart

Indexed to 100 at start (5-year comparison)

75 90 105 120 135 150 2021-04 2022-06 2023-09 2024-12 2026-04
IWD +39.4%
IYR +1.0%

Performance Comparison

Period IWD IYR Difference
1 Month -4.53% -6.56% +2.03%
3 Months +1.29% +0.95% +0.34%
6 Months +4.87% -2.23% +7.10%
YTD +1.29% +0.95% +0.34%
1 Year +14.39% -0.97% +15.36%
3 Years +40.40% +12.64% +27.76%
5 Years +39.38% +0.99% +38.39%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

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

Risk Metrics

Based on 5 years of daily returns

Metric IWD IYR
Annualized Volatility 14.9% 18.8%
Max Drawdown -20.3% -36.9%
Sharpe Ratio 0.22 -0.13

Dividend Comparison

Metric IWD IYR
Annual Dividend (per share) $3.58 $2.25
Dividend Yield 1.67% 2.37%
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%

IYR Top Holdings

NameWeight
Welltower Inc.WELL10.03%
Prologis, Inc.PLD9.11%
Equinix, Inc.EQIX4.68%
Digital Realty Trust, Inc.DLR4.59%
Simon Property Group, Inc.SPG4.50%
Realty Income CorporationO4.44%
American Tower CorporationAMT4.39%
Public StoragePSA3.40%
Ventas, Inc.VTR3.15%
CBRE Group, Inc.CBRE3.10%

Which One Should You Choose?

Choose IWD if...

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

Choose IWD if...

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

Choose IYR if...

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

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