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IWD vs. VONV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWD vs. VONV

Last updated Aug 2, 2026
Documentation

IWD (iShares Russell 1000 Value ETF) and VONV (Vanguard Russell 1000 Value ETF) are both Large Cap Value Equities funds tracking the Russell 1000 Value Index, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, IWD returned 11.56%/yr vs 11.68%/yr for VONV. Their 0.98 correlation means they have historically moved very closely together. IWD charges 0.18%/yr vs 0.06%/yr for VONV.

Performance

IWD vs. VONV - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with IWD having a 20.56% return and VONV slightly higher at 20.63%. Both investments have delivered pretty close results over the past 10 years, with IWD having a 11.56% annualized return and VONV not far ahead at 11.68%.

IWD

1D
0.44%
1M
2.03%
6M
15.34%
YTD
20.56%
1Y
32.78%
3Y*
17.82%
5Y*
11.62%
10Y*
11.56%
ALL TIME*
8.29%

VONV

1D
0.38%
1M
2.02%
6M
15.40%
YTD
20.63%
1Y
32.99%
3Y*
17.97%
5Y*
11.77%
10Y*
11.68%
ALL TIME*
12.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IWD

iShares Russell 1000 Value ETF
$542.34M$454.50M$526.80M

VONV

Vanguard Russell 1000 Value ETF
$67.85M$88.58M$94.83M

IWD vs. VONV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWD
iShares Russell 1000 Value ETF		20.56%15.68%14.17%11.34%-7.75%24.95%2.73%26.12%-8.45%13.45%
VONV
Vanguard Russell 1000 Value ETF		20.63%15.81%14.28%11.40%-7.65%25.28%2.71%26.48%-8.45%13.59%

Correlation

The correlation between IWD and VONV is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

1.00

Correlation (3Y)
Balances recent behavior with more history.

1.00

Correlation (5Y)
Shows whether the relationship held over a longer period.

1.00

Correlation (10Y)
Provides a long-term view across more market conditions.

1.00

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.98

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

IWD vs. VONV - Sectors Allocation Comparison

Sectors
IWD
VONV

Technology

19.7%
19.9%

Financial Services

19.3%
18.6%

Healthcare

12.6%
12.7%

Consumer Cyclical

10.3%
10.9%

Industrials

10.2%
10.5%

Consumer Defensive

7.4%
7.5%

Energy

5.9%
5.5%

Utilities

3.8%
3.9%

Real Estate

3.8%
3.8%

Basic Materials

3.5%
3.4%

Communication Services

3.2%
3.3%

Technology

IWD
19.7%
VONV
19.9%

Financial Services

IWD
19.3%
VONV
18.6%

Healthcare

IWD
12.6%
VONV
12.7%

Consumer Cyclical

IWD
10.3%
VONV
10.9%

Industrials

IWD
10.2%
VONV
10.5%

Consumer Defensive

IWD
7.4%
VONV
7.5%

Energy

IWD
5.9%
VONV
5.5%

Utilities

IWD
3.8%
VONV
3.9%

Real Estate

IWD
3.8%
VONV
3.8%

Basic Materials

IWD
3.5%
VONV
3.4%

Communication Services

IWD
3.2%
VONV
3.3%

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

Vanguard Russell 1000 Value ETF

Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. IWVIWD vs. IWRIWD vs. EIMI.L
Often compared with VONV:
VONV vs. VONGVONV vs. VOOVONV vs. VONEVONV vs. RPVVONV vs. VOEVONV vs. VTIVONV vs. IWB

Return for Risk

IWD vs. VONV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWD
IWD Risk / Return Rank: 9494
Overall Rank
IWD Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IWD Sortino Ratio Rank: 9494
Sortino Ratio Rank
IWD Omega Ratio Rank: 9494
Omega Ratio Rank
IWD Calmar Ratio Rank: 9393
Calmar Ratio Rank
IWD Martin Ratio Rank: 9595
Martin Ratio Rank
VONV
VONV Risk / Return Rank: 9494
Overall Rank
VONV Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VONV Sortino Ratio Rank: 9494
Sortino Ratio Rank
VONV Omega Ratio Rank: 9494
Omega Ratio Rank
VONV Calmar Ratio Rank: 9393
Calmar Ratio Rank
VONV Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IWD vs. VONV - Risk-Adjusted Trends Comparison

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

IWDVONVDifference
Sharpe ratioReturn per unit of total volatility
2.75
2.75

0.00

Sortino ratioReturn per unit of downside risk
3.83
3.83

+0.01

Omega ratioGain probability vs. loss probability

1.49

1.49

0.00

Calmar ratioReturn relative to maximum drawdown

4.58

4.58

+0.01

Martin ratioReturn relative to average drawdown

19.60

19.65

-0.05

IWD vs. VONV - Sharpe Ratio Comparison

The current IWD Sharpe Ratio is 2.75, which is comparable to the VONV Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of IWD and VONV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWD vs. VONV - Drawdown Comparison

The maximum IWD drawdown since its inception was -60.10%, which is greater than VONV's maximum drawdown of -38.21%. Use the drawdown chart below to compare losses from any high point for IWD and VONV.

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Drawdown Indicators

IWDVONVDifference

Max Drawdown

Largest peak-to-trough decline

-60.10%

-38.21%

-21.89%

Max Drawdown (1Y)

Largest decline over 1 year

-6.79%

-6.81%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-15.71%

-15.70%

-0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-19.04%

-18.87%

-0.17%

Max Drawdown (10Y)

Largest decline over 10 years

-38.51%

-38.21%

-0.30%

Current Drawdown

Current decline from peak

-0.09%

-0.07%

-0.02%

Average Drawdown

Average peak-to-trough decline

-8.60%

-3.87%

-4.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

1.59%

0.00%

Volatility

IWD vs. VONV - Volatility Comparison

iShares Russell 1000 Value ETF (IWD) and Vanguard Russell 1000 Value ETF (VONV) have volatilities of 2.86% 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.

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Volatility by Period

IWDVONVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

2.84%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

8.67%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

11.35%

11.40%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.81%

14.77%

+0.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.25%

17.20%

+0.05%

IWD vs. VONV - Expense Ratio Comparison

IWD has a 0.18% expense ratio, which is higher than VONV's 0.06% 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%.

Dividends

IWD vs. VONV - Dividend Comparison

IWD's dividend yield for the trailing twelve months is around 1.39%, less than VONV's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
IWD
iShares Russell 1000 Value ETF		1.39%1.69%1.87%2.02%2.15%1.62%2.05%2.45%2.71%2.09%2.25%2.47%
VONV
Vanguard Russell 1000 Value ETF		1.56%1.82%1.97%2.10%2.22%1.67%2.25%2.30%2.56%2.18%2.39%2.38%

Frequently Asked Questions

With a correlation of 1.00, IWD and VONV 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 (2.86%) compared to VONV (2.84%). In terms of maximum drawdown, IWD dropped -60.10% vs VONV's -38.21%.

On 10-year performance, VONV leads with 11.68% vs 11.56% for IWD. On fees, VONV is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VONV has performed better with a 11.68% return vs 11.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VONV is cheaper with a 0.06% expense ratio, compared with 0.18% for IWD.

VONV has the higher dividend yield at 1.56%, compared with 1.39% for IWD.

Both ETFs track Russell 1000 Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for IWD and 0.06% for VONV.

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

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