What is the expense ratio of IWF vs XLK?

IWF has an expense ratio of 0.18%, while XLK has an expense ratio of 0.08%.

IWF vs XLK

iShares Russell 1000 Growth ETF vs State Street Technology Select Sector SPDR ETF

Last updated: 2026-04-02

IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.39%. Launched in 2000, the fund has a 26-year track record.

AUM: $108.0B ER: 0.18% Yield: 0.39% Since: May 22, 2000

XLK

State Street Technology Select Sector SPDR ETF (XLK) is an exchange-traded fund that provides exposure to us sector - technology securities. It charges a low expense ratio of 0.08%. The fund offers a modest dividend yield of 0.57%. Launched in 1998, the fund has a 28-year track record.

AUM: $82.2B ER: 0.08% Yield: 0.57% Since: Dec 16, 1998

Quick Verdict

XLK is significantly cheaper at 0.08% vs 0.18% expense ratio, saving you approximately $198 per $10,000 invested over 10 years. Over the past year, XLK has significantly outperformed with a 29.7% return vs 18.2%.

Key Metrics

Metric	IWF	XLK
Expense Ratio	0.18%	0.08%
Dividend Yield	0.4%	0.6%
Fund Family	iShares	N/A
Category	US Large Cap Growth	US Sector - Technology

Performance Chart

Indexed to 100 at start (5-year comparison)

IWF +71.3%

XLK +95.1%

Performance Comparison

Period	IWF	XLK	Difference
1 Month	-4.73%	-3.32%	-1.41%
3 Months	-8.83%	-6.51%	-2.32%
6 Months	-8.48%	-5.23%	-3.25%
YTD	-8.83%	-6.51%	-2.32%
1 Year	+18.20%	+29.73%	-11.53%
3 Years	+75.80%	+78.96%	-3.16%
5 Years	+71.26%	+95.13%	-23.87%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	IWF Fees	XLK Fees	You Save
$10.000	10 years	$357	$159	$198
$10.000	20 years	$1.529	$686	$844
$10.000	30 years	$4.912	$2.212	$2.699
$50.000	10 years	$1.786	$797	$989
$50.000	30 years	$24.558	$11.061	$13.497
$100.000	30 years	$49.116	$22.123	$26.993

Risk Metrics

Based on 5 years of daily returns

Metric	IWF	XLK
Annualized Volatility	21.4%	24.7%
Max Drawdown	-33.1%	-34.0%
Sharpe Ratio	0.40	0.49

Dividend Comparison

Metric	IWF	XLK
Annual Dividend (per share)	$1.69	$0.77
Dividend Yield	0.39%	0.57%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

4 of top 9 holdings overlap (44% overlap in top holdings)

IWF Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.82%
Apple Inc.AAPL	11.79%
Microsoft CorporationMSFT	8.78%
Broadcom Inc.AVGO	4.81%
Amazon.com, Inc.AMZN	4.61%
Tesla, Inc.TSLA	3.57%
Meta Platforms, Inc.META	3.28%
Alphabet Inc.GOOG	2.83%
Eli Lilly and CompanyLLY	2.62%

XLK Top Holdings

Name	Weight
NVIDIA CorporationNVDA	15.50%
Apple Inc.AAPL	13.63%
Microsoft CorporationMSFT	10.05%
Broadcom Inc.AVGO	5.37%
Micron Technology, Inc.MU	3.39%
Palantir Technologies Inc.PLTR	2.98%
Advanced Micro Devices, Inc.AMD	2.95%
Cisco Systems, Inc.CSCO	2.73%
Applied Materials, Inc.AMAT	2.42%
Lam Research CorporationLRCX	2.38%

Which One Should You Choose?

Choose XLK if...

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

Choose XLK if...

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

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