IWD vs. IVW

Last updated Jun 4, 2026

IWD (iShares Russell 1000 Value ETF) and IVW (iShares S&P 500 Growth ETF) are both exchange-traded funds - IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, IWD returned 11.23%/yr vs 18.07%/yr for IVW. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

IWD vs. IVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Value ETF (IWD) and iShares S&P 500 Growth ETF (IVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IWD having a 14.20% return and IVW slightly lower at 13.68%. Over the past 10 years, IWD has underperformed IVW with an annualized return of 11.23%, while IVW has yielded a comparatively higher 18.07% annualized return.

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%

IVW

• 1D: -0.98%
• 1M: 7.39%
• YTD: 13.68%
• 6M: 13.49%
• 1Y: 33.77%
• 3Y*: 27.99%
• 5Y*: 15.93%
• 10Y*: 18.07%

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

IWD vs. IVW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IVW iShares S&P 500 Growth ETF	13.68%	21.95%	35.82%	29.83%	-29.50%	31.80%	33.19%	30.77%	-0.21%	27.21%

Correlation

The correlation between IWD and IVW is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.81

Over the past year, the correlation between IWD and IVW has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

IWD vs. IVW - Sectors Allocation Comparison

Sectors	IWD	IVW
Financial Services	18.5%	8.9%
Technology	17.9%	49.3%
Industrials	12.7%	6.2%
Healthcare	10.5%	5.8%
Communication Services	8.2%	18.0%
Consumer Cyclical	7.0%	9.4%
Consumer Defensive	6.7%	1.0%
Energy	6.5%	0.1%
Utilities	4.1%	0.4%
Real Estate	3.9%	0.6%
Basic Materials	3.7%	0.4%

Return for Risk

IWD vs. IVW — Risk / Return Rank

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

IWD

IWD Risk / Return Rank: 80
IWD Sharpe Ratio Rank: 79
IWD Sortino Ratio Rank: 82
IWD Omega Ratio Rank: 78
IWD Calmar Ratio Rank: 79
IWD Martin Ratio Rank: 84

IVW

IVW Risk / Return Rank: 57
IVW Sharpe Ratio Rank: 62
IVW Sortino Ratio Rank: 60
IVW Omega Ratio Rank: 59
IVW Calmar Ratio Rank: 49
IVW Martin Ratio Rank: 57

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.

IWD vs. IVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and iShares S&P 500 Growth ETF (IVW). 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	IVW	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.14	+0.49
Sortino ratio: Return per unit of downside risk	3.71	2.88	+0.83
Omega ratio: Gain probability vs. loss probability	1.47	1.37	+0.11
Calmar ratio: Return relative to maximum drawdown	4.17	2.47	+1.70
Martin ratio: Return relative to average drawdown	17.46	10.19	+7.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWD vs. IVW - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.63, which is comparable to the IVW Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of IWD and IVW, 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

	IWD	IVW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.14	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.76	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.88	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.45	-0.03

Drawdowns

IWD vs. IVW - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, roughly equal to the maximum IVW drawdown of -57.33%. Use the drawdown chart below to compare losses from any high point for IWD and IVW.

Drawdown Indicators

	IWD	IVW	Difference
Max Drawdown Largest peak-to-trough decline	-60.10%	-57.33%	-2.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-13.75%	+6.96%
Max Drawdown (3Y) Largest decline over 3 years	-15.71%	-22.15%	+6.44%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-32.72%	+13.68%
Max Drawdown (10Y) Largest decline over 10 years	-38.51%	-32.72%	-5.79%
Current Drawdown Current decline from peak	-0.01%	-1.12%	+1.11%
Average Drawdown Average peak-to-trough decline	-8.65%	-17.62%	+8.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	3.32%	-1.70%

Volatility

IWD vs. IVW - Volatility Comparison

The current volatility for iShares Russell 1000 Value ETF (IWD) is 2.90%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 4.30%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWD	IVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	4.30%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	12.37%	-4.31%
Volatility (1Y) Calculated over the trailing 1-year period	10.77%	15.87%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	21.16%	-6.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	20.62%	-3.33%

IWD vs. IVW - Expense Ratio Comparison

Both IWD and IVW have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IWD vs. IVW - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.50%, more than IVW's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVW iShares S&P 500 Growth ETF	0.35%	0.40%	0.43%	1.03%	0.92%	0.46%	0.82%	1.63%	1.28%	1.30%	1.51%	1.51%
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

Can I hold both IWD and IVW in my portfolio?

IWD and IVW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWD or IVW?

IVW has higher volatility (4.30%) compared to IWD (2.90%). In terms of maximum drawdown, IWD dropped -60.10% vs IVW's -57.33%.

Which ETF is better, IWD or IVW?

On 10-year performance, IVW leads with 18.07% vs 11.23% for IWD. Both ETFs have the same 0.18% expense ratio. On volatility, IWD has been the lower-risk option at 2.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWD or IVW?

Over the 10-year period, IVW has performed better with a 18.07% return vs 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWD or IVW?

IWD and IVW have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, IWD or IVW?

IWD has the higher dividend yield at 1.50%, compared with 0.35% for IVW.

What is the main difference between IWD and IVW?

IWD is categorized as Large Cap Value Equities, while IVW is Large Cap Growth Equities. IWD tracks Russell 1000 Value Index, while IVW tracks S&P 500 Growth Index.

Which has better risk-adjusted returns?

IWD currently has the higher Sharpe Ratio (2.63 vs 2.14), 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.