PortfoliosLab logoPortfoliosLab logo

Documentation

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

IWD vs. IWR

Last updated Jun 23, 2026

IWD (iShares Russell 1000 Value ETF) and IWR (iShares Russell Midcap ETF) are both exchange-traded funds - IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index, while IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index. Both are passively managed. Over the past 10 years, IWD returned 11.73%/yr vs 12.03%/yr for IWR. Their correlation of 0.91 suggests significant overlap in exposure. IWD charges 0.18%/yr vs 0.19%/yr for IWR.

Performance

IWD vs. IWR - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, IWD achieves a 16.59% return, which is significantly higher than IWR's 13.93% return. Both investments have delivered pretty close results over the past 10 years, with IWD having a 11.73% annualized return and IWR not far ahead at 12.03%.

IWD

1D
0.56%
1M
3.38%
YTD
16.59%
6M
15.96%
1Y
30.67%
3Y*
18.83%
5Y*
11.26%
10Y*
11.73%

IWR

1D
0.52%
1M
3.28%
YTD
13.93%
6M
12.06%
1Y
23.42%
3Y*
17.38%
5Y*
8.30%
10Y*
12.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWD vs. IWR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWD
iShares Russell 1000 Value ETF		16.59%15.68%14.17%11.34%-7.75%24.95%2.73%26.12%-8.45%13.45%
IWR
iShares Russell Midcap ETF		13.93%10.37%15.21%17.05%-17.48%22.44%16.93%30.23%-9.10%18.25%

Correlation

The correlation between IWD and IWR is 0.93, 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

0.93

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

0.93

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

0.93

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

0.92

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2001

0.91

The correlation between IWD and IWR has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

IWD vs. IWR - Sectors Allocation Comparison

Sectors
IWD
IWR

Technology

18.6%
19.6%

Financial Services

18.4%
12.1%

Industrials

12.5%
18.1%

Healthcare

10.6%
8.7%

Communication Services

8.1%
3.3%

Consumer Cyclical

7.1%
11.1%

Consumer Defensive

6.7%
3.9%

Energy

6.3%
6.5%

Utilities

4.0%
5.7%

Real Estate

3.9%
6.8%

Basic Materials

3.7%
4.2%

Technology

IWD
18.6%
IWR
19.6%

Financial Services

IWD
18.4%
IWR
12.1%

Industrials

IWD
12.5%
IWR
18.1%

Healthcare

IWD
10.6%
IWR
8.7%

Communication Services

IWD
8.1%
IWR
3.3%

Consumer Cyclical

IWD
7.1%
IWR
11.1%

Consumer Defensive

IWD
6.7%
IWR
3.9%

Energy

IWD
6.3%
IWR
6.5%

Utilities

IWD
4.0%
IWR
5.7%

Real Estate

IWD
3.9%
IWR
6.8%

Basic Materials

IWD
3.7%
IWR
4.2%

Compare stocks, funds, or ETFs

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

iShares Russell 1000 Value ETF

iShares Russell Midcap ETF

Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. EIMI.L
Often compared with IWR:
IWR vs. VOIWR vs. SPMDIWR vs. IWNIWR vs. SCHMIWR vs. VXFIWR vs. REGLIWR vs. IMCG

Return for Risk

IWD vs. IWR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWD
IWD Risk / Return Rank: 8787
Overall Rank
IWD Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 8888
Sortino Ratio Rank
IWD Omega Ratio Rank: 8585
Omega Ratio Rank
IWD Calmar Ratio Rank: 8585
Calmar Ratio Rank
IWD Martin Ratio Rank: 8989
Martin Ratio Rank
IWR
IWR Risk / Return Rank: 5555
Overall Rank
IWR Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
IWR Sortino Ratio Rank: 5151
Sortino Ratio Rank
IWR Omega Ratio Rank: 4848
Omega Ratio Rank
IWR Calmar Ratio Rank: 6060
Calmar Ratio Rank
IWR Martin Ratio Rank: 6363
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.

IWD vs. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value ETF (IWD) and iShares Russell Midcap ETF (IWR). 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.

IWDIWRDifference
Sharpe ratioReturn per unit of total volatility
2.75
1.71

+1.04

Sortino ratioReturn per unit of downside risk
3.82
2.44

+1.39

Omega ratioGain probability vs. loss probability

1.49

1.30

+0.20

Calmar ratioReturn relative to maximum drawdown

4.54

2.88

+1.66

Martin ratioReturn relative to average drawdown

18.84

11.02

+7.82

IWD vs. IWR - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.75, which is higher than the IWR Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of IWD and IWR, 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...

Drawdowns

IWD vs. IWR - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, roughly equal to the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for IWD and IWR.

Loading charts...

Drawdown Indicators

IWDIWRDifference

Max Drawdown

Largest peak-to-trough decline

-60.10%

-58.78%

-1.32%

Max Drawdown (1Y)

Largest decline over 1 year

-6.79%

-8.17%

+1.38%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-21.09%

+5.38%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

-26.18%

+7.14%

Max Drawdown (10Y)

Largest decline over 10 years

-38.51%

-40.59%

+2.08%

Current Drawdown

Current decline from peak

-0.10%

-0.30%

+0.20%

Average Drawdown

Average peak-to-trough decline

-8.64%

-7.79%

-0.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.63%

2.13%

-0.50%

Volatility

IWD vs. IWR - Volatility Comparison

The current volatility for iShares Russell 1000 Value ETF (IWD) is 3.95%, while iShares Russell Midcap ETF (IWR) has a volatility of 4.41%. This indicates that IWD experiences smaller price fluctuations and is considered to be less risky than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IWDIWRDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.41%

-0.46%

Volatility (6M)

Calculated over the trailing 6-month period

8.59%

10.38%

-1.79%

Volatility (1Y)

Calculated over the trailing 1-year period

11.23%

13.80%

-2.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.83%

18.28%

-3.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.32%

19.40%

-2.08%

IWD vs. IWR - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is lower than IWR's 0.19% 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

IWD vs. IWR - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.44%, more than IWR's 1.16% yield.

PositionTTM20252024202320222021202020192018201720162015
IWD
iShares Russell 1000 Value ETF		1.44%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%
IWR
iShares Russell Midcap ETF		1.16%1.29%1.27%1.43%1.59%1.04%1.28%1.43%1.98%1.52%1.72%1.59%

Frequently Asked Questions

With a correlation of 0.93, IWD and IWR 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.

IWR has higher volatility (4.41%) compared to IWD (3.95%). In terms of maximum drawdown, IWD dropped -60.10% vs IWR's -58.78%.

On 10-year performance, IWR leads with 12.03% vs 11.73% for IWD. On fees, IWD is cheaper at 0.18% per year. On volatility, IWD has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWR has performed better with a 12.03% return vs 11.73%. 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 0.19% for IWR.

IWD has the higher dividend yield at 1.44%, compared with 1.16% for IWR.

IWD is categorized as Large Cap Value Equities, while IWR is Mid Cap Growth Equities. IWD tracks Russell 1000 Value Index, while IWR tracks Russell Midcap Index. Their fees differ too: 0.18% for IWD and 0.19% for IWR.

IWD currently has the higher Sharpe Ratio (2.75 vs 1.71), 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 IWD and IWR

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