IWD vs. DLN
IWD (iShares Russell 1000 Value ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds - IWD tracks the Russell 1000 Value Index while DLN tracks the WisdomTree U.S. LargeCap Dividend Index. Both are passively managed. Over the past 10 years, IWD returned 11.61%/yr vs 12.86%/yr for DLN. With a 0.95 correlation, they move nearly in lockstep. IWD charges 0.18%/yr vs 0.28%/yr for DLN.
Performance
IWD vs. DLN - Performance Comparison
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Returns By Period
In the year-to-date period, IWD achieves a 15.35% return, which is significantly higher than DLN's 9.95% return. Over the past 10 years, IWD has underperformed DLN with an annualized return of 11.61%, while DLN has yielded a comparatively higher 12.86% annualized return.
IWD
- 1D
- -1.06%
- 1M
- 2.28%
- YTD
- 15.35%
- 6M
- 14.66%
- 1Y
- 28.22%
- 3Y*
- 18.41%
- 5Y*
- 10.87%
- 10Y*
- 11.61%
DLN
- 1D
- -0.13%
- 1M
- 0.05%
- YTD
- 9.95%
- 6M
- 9.49%
- 1Y
- 21.42%
- 3Y*
- 18.12%
- 5Y*
- 12.49%
- 10Y*
- 12.86%
IWD vs. DLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWD iShares Russell 1000 Value ETF | 15.35% | 15.68% | 14.17% | 11.34% | -7.75% | 24.95% | 2.73% | 26.12% | -8.45% | 13.45% |
DLN WisdomTree U.S. LargeCap Dividend Fund | 9.95% | 15.53% | 19.66% | 9.95% | -3.78% | 25.60% | 4.59% | 28.91% | -5.82% | 18.22% |
Correlation
The correlation between IWD and DLN is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2006 | 0.95 |
The correlation between IWD and DLN has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
IWD vs. DLN - Sectors Allocation Comparison
Sectors
IWD
DLN
Technology
Financial Services
Industrials
Healthcare
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Utilities
Real Estate
Basic Materials
Technology
IWD
DLN
Financial Services
IWD
DLN
Industrials
IWD
DLN
Healthcare
IWD
DLN
Communication Services
IWD
DLN
Consumer Cyclical
IWD
DLN
Consumer Defensive
IWD
DLN
Energy
IWD
DLN
Utilities
IWD
DLN
Real Estate
IWD
DLN
Basic Materials
IWD
DLN
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Return for Risk
IWD vs. DLN — Risk / Return Rank
IWD
DLN
IWD vs. DLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWD | DLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 3.53 | +0.65 |
| Martin ratioReturn relative to average drawdown | 17.32 | 14.80 | +2.52 |
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Drawdowns
IWD vs. DLN - Drawdown Comparison
The maximum IWD drawdown since its inception was -60.10%, roughly equal to the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for IWD and DLN.
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Drawdown Indicators
| IWD | DLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.10% | -57.84% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.79% | -6.10% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -13.71% | -2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -16.26% | -2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -38.51% | -35.82% | -2.69% |
Current DrawdownCurrent decline from peak | -1.16% | -1.12% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -8.64% | -7.50% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.45% | +0.18% |
Volatility
IWD vs. DLN - Volatility Comparison
iShares Russell 1000 Value ETF (IWD) has a higher volatility of 4.14% compared to WisdomTree U.S. LargeCap Dividend Fund (DLN) at 2.78%. This indicates that IWD's price experiences larger fluctuations and is considered to be riskier than DLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWD | DLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 2.78% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 7.00% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 9.03% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 13.27% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 16.14% | +1.14% |
IWD vs. DLN - Expense Ratio Comparison
IWD has a 0.18% expense ratio, which is lower than DLN's 0.28% expense ratio.
Dividends
IWD vs. DLN - Dividend Comparison
IWD's dividend yield for the trailing twelve months is around 1.45%, less than DLN's 1.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLN WisdomTree U.S. LargeCap Dividend Fund | 1.79% | 1.90% | 2.00% | 2.43% | 2.53% | 2.01% | 2.66% | 2.51% | 2.90% | 2.33% | 2.64% | 2.80% |
IWD iShares Russell 1000 Value ETF | 1.45% | 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
With a correlation of 0.91, IWD and DLN 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.
IWD has higher volatility (4.14%) compared to DLN (2.78%). In terms of maximum drawdown, IWD dropped -60.10% vs DLN's -57.84%.
On 10-year performance, DLN leads with 12.86% vs 11.61% for IWD. On fees, IWD is cheaper at 0.18% per year. On volatility, DLN has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DLN has performed better with a 12.86% return vs 11.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWD is cheaper with a 0.18% expense ratio, compared with 0.28% for DLN.
DLN has the higher dividend yield at 1.79%, compared with 1.45% for IWD.
IWD tracks Russell 1000 Value Index, while DLN tracks WisdomTree U.S. LargeCap Dividend Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.18% for IWD and 0.28% for DLN.
IWD currently has the higher Sharpe Ratio (2.52 vs 2.39), 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.
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