ETF Versus

IWD vs SPY

iShares Russell 1000 Value ETF vs State Street SPDR S&P 500 ETF Trust

Last updated: 2026-04-02

IWD

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. Launched in 2000, the fund has a 26-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 2000-05-26
SPY

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that provides exposure to large-cap U.S. equities across growth and value styles. Launched in 1993, the fund has a 33-year track record.

AUM: N/A ER: N/A Yield: N/A Since: 1993-01-29

Quick Verdict

SPY has edged ahead over the past year (16.1% vs 13.7%).

Key Metrics

Metric IWD SPY
Expense Ratio N/A N/A
Dividend Yield N/A N/A
Fund Family N/A N/A
Category US Large Cap Value US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

85 103 121 139 157 175 2021-04 2022-06 2023-09 2024-12 2026-04
IWD +39.4%
SPY +61.2%

Performance Comparison

Period IWD SPY Difference
1 Month -3.30% -3.69% +0.39%
3 Months +1.29% -4.09% +5.38%
6 Months +4.74% -2.44% +7.18%
YTD +1.29% -4.09% +5.38%
1 Year +13.65% +16.07% -2.42%
3 Years +40.40% +59.45% -19.05%
5 Years +39.38% +61.25% -21.87%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWD Fees SPY Fees You Save
$10,000 10 years $0 $0 $0
$10,000 20 years $0 $0 $0
$10,000 30 years $0 $0 $0
$50,000 10 years $0 $0 $0
$50,000 30 years $0 $0 $0
$100,000 30 years $0 $0 $0

Risk Metrics

Based on 5 years of daily returns

Metric IWD SPY
Annualized Volatility 14.9% 17.1%
Max Drawdown -20.3% -25.4%
Sharpe Ratio 0.22 0.38

Dividend Comparison

Metric IWD SPY
Annual Dividend (per share) $3.58 $7.38
Dividend Yield 1.67% 1.13%
Distribution Frequency Quarterly Quarterly

Which One Should You Choose?

Choose SPY if...

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

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