PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IEI vs. IWD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEI vs. IWD

Last updated Jun 4, 2026

IEI (iShares 3-7 Year Treasury Bond ETF) and IWD (iShares Russell 1000 Value ETF) are both exchange-traded funds - IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index, while IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index. Both are passively managed. Over the past 10 years, IEI returned 1.28%/yr vs 11.23%/yr for IWD. At a correlation of -0.27, they often move in opposite directions. IEI charges 0.15%/yr vs 0.18%/yr for IWD.

Performance

IEI vs. IWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 3-7 Year Treasury Bond ETF (IEI) and iShares Russell 1000 Value ETF (IWD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IEI achieves a -0.42% return, which is significantly lower than IWD's 14.20% return. Over the past 10 years, IEI has underperformed IWD with an annualized return of 1.28%, while IWD has yielded a comparatively higher 11.23% annualized return.

IEI

1D
-0.13%
1M
-0.17%
YTD
-0.42%
6M
-0.49%
1Y
3.28%
3Y*
3.52%
5Y*
0.23%
10Y*
1.28%

IWD

1D
-0.01%
1M
4.22%
YTD
14.20%
6M
14.76%
1Y
28.16%
3Y*
18.40%
5Y*
10.17%
10Y*
11.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEI vs. IWD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IEI
iShares 3-7 Year Treasury Bond ETF		-0.42%6.96%1.81%4.42%-9.51%-2.54%6.95%5.71%1.36%1.22%
IWD
iShares Russell 1000 Value ETF		14.20%15.68%14.17%11.34%-7.75%24.95%2.73%26.12%-8.45%13.45%

Correlation

The correlation between IEI and IWD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

-0.11

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2007

-0.27

The correlation between IEI and IWD shifts across timeframes, from -0.27 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 3-7 Year Treasury Bond ETF

iShares Russell 1000 Value ETF

Often compared with IEI:
IEI vs. IEFIEI vs. VGITIEI vs. TLTIEI vs. BNDIEI vs. TIPIEI vs. TLHIEI vs. IMTB
Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. IWR

Return for Risk

IEI vs. IWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEI
IEI Risk / Return Rank: 2828
Overall Rank
IEI Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
IEI Sortino Ratio Rank: 3030
Sortino Ratio Rank
IEI Omega Ratio Rank: 2727
Omega Ratio Rank
IEI Calmar Ratio Rank: 2727
Calmar Ratio Rank
IEI Martin Ratio Rank: 2727
Martin Ratio Rank
IWD
IWD Risk / Return Rank: 8080
Overall Rank
IWD Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 8282
Sortino Ratio Rank
IWD Omega Ratio Rank: 7878
Omega Ratio Rank
IWD Calmar Ratio Rank: 7979
Calmar Ratio Rank
IWD Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IEI vs. IWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and iShares Russell 1000 Value ETF (IWD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

IEIIWDDifference

Sharpe ratio

Return per unit of total volatility

1.09

2.63

-1.54

Sortino ratio

Return per unit of downside risk

1.65

3.71

-2.07

Omega ratio

Gain probability vs. loss probability

1.19

1.47

-0.28

Calmar ratio

Return relative to maximum drawdown

1.32

4.17

-2.85

Martin ratio

Return relative to average drawdown

3.96

17.46

-13.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEI vs. IWD - Sharpe Ratio Comparison

The current IEI Sharpe Ratio is 1.09, which is lower than the IWD Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of IEI and IWD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

IEIIWDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.09

2.63

-1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.05

0.69

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

0.65

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.43

+0.27

Drawdowns

IEI vs. IWD - Drawdown Comparison

The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for IEI and IWD.

Loading charts...

Drawdown Indicators

IEIIWDDifference

Max Drawdown

Largest peak-to-trough decline

-14.60%

-60.10%

+45.50%

Max Drawdown (1Y)

Largest decline over 1 year

-2.50%

-6.79%

+4.29%

Max Drawdown (3Y)

Largest decline over 3 years

-3.66%

-15.71%

+12.05%

Max Drawdown (5Y)

Largest decline over 5 years

-13.88%

-19.04%

+5.16%

Max Drawdown (10Y)

Largest decline over 10 years

-14.60%

-38.51%

+23.91%

Current Drawdown

Current decline from peak

-1.85%

-0.01%

-1.84%

Average Drawdown

Average peak-to-trough decline

-2.67%

-8.65%

+5.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

1.62%

-0.79%

Volatility

IEI vs. IWD - Volatility Comparison

The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 0.91%, while iShares Russell 1000 Value ETF (IWD) has a volatility of 2.90%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IEIIWDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.91%

2.90%

-1.99%

Volatility (6M)

Calculated over the trailing 6-month period

2.13%

8.06%

-5.93%

Volatility (1Y)

Calculated over the trailing 1-year period

3.04%

10.77%

-7.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.77%

14.81%

-10.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.93%

17.29%

-13.36%

IEI vs. IWD - Expense Ratio Comparison

IEI has a 0.15% expense ratio, which is lower than IWD's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IEI vs. IWD - Dividend Comparison

IEI's dividend yield for the trailing twelve months is around 3.64%, more than IWD's 1.50% yield.

PositionTTM20252024202320222021202020192018201720162015
IEI
iShares 3-7 Year Treasury Bond ETF		3.64%3.48%3.18%2.36%1.37%0.73%1.12%2.01%1.95%1.51%1.33%1.39%
IWD
iShares Russell 1000 Value ETF		1.50%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%

Frequently Asked Questions

IEI and IWD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWD has higher volatility (2.90%) compared to IEI (0.91%). In terms of maximum drawdown, IEI dropped -14.60% vs IWD's -60.10%.

On 10-year performance, IWD leads with 11.23% vs 1.28% for IEI. On fees, IEI is cheaper at 0.15% per year. On volatility, IEI has been the lower-risk option at 0.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWD has performed better with a 11.23% return vs 1.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IEI is cheaper with a 0.15% expense ratio, compared with 0.18% for IWD.

IEI has the higher dividend yield at 3.64%, compared with 1.50% for IWD.

IEI is categorized as Government Bonds, while IWD is Large Cap Value Equities. IEI tracks ICE U.S. Treasury 3-7 Year Bond Index, while IWD tracks Russell 1000 Value Index. Their fees differ too: 0.15% for IEI and 0.18% for IWD.

IWD currently has the higher Sharpe Ratio (2.63 vs 1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for IEI and IWD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer