ETF Versus

IWD vs VONV

iShares Russell 1000 Value ETF vs Vanguard Russell 1000 Value Index Fund ETF Shares

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

Vanguard Russell 1000 Value Index Fund ETF Shares (VONV) is an exchange-traded fund that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.81%. Launched in 2010, the fund has a 16-year track record.

AUM: $16.8B ER: 0.06% Yield: 1.81% Since: Sep 20, 2010

Quick Verdict

VONV is significantly cheaper at 0.06% vs 0.18% expense ratio, saving you approximately $237 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (14.4% vs 14.3%), tracking closely.

Key Metrics

Metric IWD VONV
Expense Ratio 0.18% 0.06%
Dividend Yield 1.7% 1.8%
Fund Family iShares N/A
Category US Large Cap Value US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 98 111 124 137 150 2021-04 2022-06 2023-09 2024-12 2026-04
IWD +39.4%
VONV +39.4%

Performance Comparison

Period IWD VONV Difference
1 Month -4.53% -4.56% +0.03%
3 Months +1.29% +1.28% +0.01%
6 Months +4.87% +4.82% +0.05%
YTD +1.29% +1.28% +0.01%
1 Year +14.39% +14.29% +0.10%
3 Years +40.40% +40.36% +0.04%
5 Years +39.38% +39.42% -0.04%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWD Fees VONV Fees You Save
$10.000 10 years $357 $120 $237
$10.000 20 years $1.529 $515 $1.014
$10.000 30 years $4.912 $1.664 $3.248
$50.000 10 years $1.786 $598 $1.187
$50.000 30 years $24.558 $8.318 $16.240
$100.000 30 years $49.116 $16.637 $32.479

Risk Metrics

Based on 5 years of daily returns

Metric IWD VONV
Annualized Volatility 14.9% 14.8%
Max Drawdown -20.3% -20.2%
Sharpe Ratio 0.22 0.22

Dividend Comparison

Metric IWD VONV
Annual Dividend (per share) $3.58 $1.71
Dividend Yield 1.67% 1.81%
Distribution Frequency Quarterly Quarterly

Top Holdings

8 of top 9 holdings overlap (89% 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%

VONV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.90%
JPMorgan Chase & Co.JPM2.39%
Exxon Mobil CorporationXOM2.00%
Johnson & JohnsonJNJ1.86%
Amazon.com, Inc.AMZN1.72%
Alphabet Inc.GOOG1.63%
Walmart Inc.WMT1.56%
Micron Technology, Inc.MU1.43%
The Procter & Gamble CompanyPG1.22%

Which One Should You Choose?

Choose VONV if...

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

Either works if...

you just need broad us large cap value exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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