IWD vs. FVAL
Compare and contrast key facts about iShares Russell 1000 Value ETF (IWD) and Fidelity Value Factor ETF (FVAL).
IWD and FVAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. FVAL is a passively managed fund by Fidelity that tracks the performance of the Fidelity U.S. Value Factor Index. It was launched on Sep 12, 2016. Both IWD and FVAL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IWD vs. FVAL - Performance Comparison
Loading graphics...
IWD vs. FVAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWD iShares Russell 1000 Value ETF | 2.58% | 15.68% | 14.17% | 11.34% | -7.75% | 24.95% | 2.73% | 26.12% | -8.45% | 13.45% |
FVAL Fidelity Value Factor ETF | -3.00% | 19.56% | 18.05% | 23.10% | -14.40% | 30.33% | 9.08% | 30.33% | -7.87% | 22.49% |
Returns By Period
In the year-to-date period, IWD achieves a 2.58% return, which is significantly higher than FVAL's -3.00% return.
IWD
- 1D
- 0.59%
- 1M
- -4.17%
- YTD
- 2.58%
- 6M
- 6.34%
- 1Y
- 16.41%
- 3Y*
- 14.33%
- 5Y*
- 9.14%
- 10Y*
- 10.39%
FVAL
- 1D
- 0.58%
- 1M
- -3.88%
- YTD
- -3.00%
- 6M
- 1.76%
- 1Y
- 18.92%
- 3Y*
- 17.11%
- 5Y*
- 10.96%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IWD vs. FVAL - Expense Ratio Comparison
IWD has a 0.18% expense ratio, which is higher than FVAL's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IWD vs. FVAL — Risk / Return Rank
IWD
FVAL
IWD vs. FVAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and Fidelity Value Factor ETF (FVAL). 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.
| IWD | FVAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.05 | 0.00 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.61 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.60 | -0.22 |
Martin ratioReturn relative to average drawdown | 6.45 | 7.17 | -0.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IWD | FVAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.05 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.67 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.73 | -0.33 |
Correlation
The correlation between IWD and FVAL is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IWD vs. FVAL - Dividend Comparison
IWD's dividend yield for the trailing twelve months is around 1.66%, less than FVAL's 1.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWD iShares Russell 1000 Value ETF | 1.66% | 1.69% | 1.87% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% |
FVAL Fidelity Value Factor ETF | 1.70% | 1.61% | 1.60% | 1.69% | 1.79% | 1.41% | 1.61% | 1.77% | 2.06% | 1.62% | 0.45% | 0.00% |
Drawdowns
IWD vs. FVAL - Drawdown Comparison
The maximum IWD drawdown since its inception was -60.10%, which is greater than FVAL's maximum drawdown of -37.26%. Use the drawdown chart below to compare losses from any high point for IWD and FVAL.
Loading graphics...
Drawdown Indicators
| IWD | FVAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.10% | -37.26% | -22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.80% | -12.00% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -23.42% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -38.51% | — | — |
Current DrawdownCurrent decline from peak | -4.33% | -5.78% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -8.71% | -4.65% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.67% | -0.15% |
Volatility
IWD vs. FVAL - Volatility Comparison
The current volatility for iShares Russell 1000 Value ETF (IWD) is 4.26%, while Fidelity Value Factor ETF (FVAL) has a volatility of 5.16%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than FVAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IWD | FVAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 5.16% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.28% | 9.26% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 18.14% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 16.50% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 18.21% | -0.93% |