IWB vs. IWV

Last updated Jun 3, 2026

IWB (iShares Russell 1000 ETF) and IWV (iShares Russell 3000 ETF) are both Large Cap Blend Equities funds from iShares - IWB tracks the Russell 1000 Index while IWV tracks the Russell 3000 Index. Both are passively managed. Over the past 10 years, IWB returned 15.25%/yr vs 14.95%/yr for IWV. With a 0.98 correlation, they move nearly in lockstep. IWB charges 0.15%/yr vs 0.20%/yr for IWV.

Performance

IWB vs. IWV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 ETF (IWB) and iShares Russell 3000 ETF (IWV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with IWB having a 11.33% return and IWV slightly higher at 11.63%. Both investments have delivered pretty close results over the past 10 years, with IWB having a 15.25% annualized return and IWV not far behind at 14.95%.

IWB

• 1D: 0.21%
• 1M: 5.30%
• YTD: 11.33%
• 6M: 11.69%
• 1Y: 28.84%
• 3Y*: 22.31%
• 5Y*: 13.36%
• 10Y*: 15.25%

IWV

• 1D: 0.23%
• 1M: 5.29%
• YTD: 11.63%
• 6M: 12.03%
• 1Y: 29.35%
• 3Y*: 22.06%
• 5Y*: 12.91%
• 10Y*: 14.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWB vs. IWV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWB iShares Russell 1000 ETF	11.33%	17.18%	24.32%	26.39%	-19.19%	26.32%	20.77%	31.06%	-4.90%	21.52%
IWV iShares Russell 3000 ETF	11.63%	16.96%	23.49%	25.82%	-19.28%	25.54%	20.55%	30.66%	-5.43%	20.97%

Correlation

The correlation between IWB and IWV is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.98

The correlation between IWB and IWV has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

IWB vs. IWV - Sectors Allocation Comparison

Sectors	IWB	IWV
Technology	36.6%	33.1%
Financial Services	11.3%	12.2%
Communication Services	10.4%	10.5%
Consumer Cyclical	10.0%	10.2%
Industrials	8.6%	9.6%
Healthcare	8.6%	9.1%
Consumer Defensive	4.5%	4.7%
Energy	3.3%	3.8%
Utilities	2.5%	2.3%
Real Estate	2.1%	2.4%
Basic Materials	1.9%	2.2%

Return for Risk

IWB vs. IWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWB

IWB Risk / Return Rank: 72
IWB Sharpe Ratio Rank: 73
IWB Sortino Ratio Rank: 72
IWB Omega Ratio Rank: 73
IWB Calmar Ratio Rank: 66
IWB Martin Ratio Rank: 77

IWV

IWV Risk / Return Rank: 73
IWV Sharpe Ratio Rank: 74
IWV Sortino Ratio Rank: 73
IWV Omega Ratio Rank: 73
IWV Calmar Ratio Rank: 67
IWV Martin Ratio Rank: 79

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.

IWB vs. IWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 ETF (IWB) and iShares Russell 3000 ETF (IWV). 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.

	IWB	IWV	Difference
Sharpe ratio Return per unit of total volatility	2.43	2.44	-0.01
Sortino ratio Return per unit of downside risk	3.31	3.34	-0.03
Omega ratio Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio Return relative to maximum drawdown	3.31	3.37	-0.06
Martin ratio Return relative to average drawdown	15.26	15.57	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWB vs. IWV - Sharpe Ratio Comparison

The current IWB Sharpe Ratio is 2.43, which is comparable to the IWV Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of IWB and IWV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWB	IWV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.44	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.75	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.82	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.45	0.00

Drawdowns

IWB vs. IWV - Drawdown Comparison

The maximum IWB drawdown since its inception was -55.38%, roughly equal to the maximum IWV drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for IWB and IWV.

Drawdown Indicators

	IWB	IWV	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-55.61%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.86%	-8.89%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-19.09%	-19.28%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	-25.11%	-0.09%
Max Drawdown (10Y) Largest decline over 10 years	-34.60%	-35.22%	+0.62%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.86%	-10.59%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.93%	-0.01%

Volatility

IWB vs. IWV - Volatility Comparison

iShares Russell 1000 ETF (IWB) and iShares Russell 3000 ETF (IWV) have volatilities of 2.78% and 2.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWB	IWV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.84%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	9.06%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	12.09%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	17.24%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	18.40%	-0.26%

IWB vs. IWV - Expense Ratio Comparison

IWB has a 0.15% expense ratio, which is lower than IWV's 0.20% 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

IWB vs. IWV - Dividend Comparison

IWB's dividend yield for the trailing twelve months is around 0.91%, more than IWV's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWB iShares Russell 1000 ETF	0.91%	1.00%	1.14%	1.31%	1.56%	1.09%	1.37%	1.71%	2.06%	1.64%	1.89%	1.95%
IWV iShares Russell 3000 ETF	0.85%	0.96%	1.08%	1.30%	1.56%	1.04%	1.30%	1.69%	1.97%	1.58%	1.79%	1.99%

Frequently Asked Questions

Can I hold both IWB and IWV in my portfolio?

With a correlation of 1.00, IWB and IWV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IWB or IWV?

IWV has higher volatility (2.84%) compared to IWB (2.78%). In terms of maximum drawdown, IWB dropped -55.38% vs IWV's -55.61%.

Which ETF is better, IWB or IWV?

On 10-year performance, IWB leads with 15.25% vs 14.95% for IWV. On fees, IWB is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWB or IWV?

Over the 10-year period, IWB has performed better with a 15.25% return vs 14.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWB or IWV?

IWB is cheaper with a 0.15% expense ratio, compared with 0.20% for IWV.

Which ETF pays a higher dividend yield, IWB or IWV?

IWB has the higher dividend yield at 0.91%, compared with 0.85% for IWV.

What is the main difference between IWB and IWV?

IWB tracks Russell 1000 Index, while IWV tracks Russell 3000 Index. Their fees differ too: 0.15% for IWB and 0.20% for IWV.

Which has better risk-adjusted returns?

IWV currently has the higher Sharpe Ratio (2.44 vs 2.43), 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.