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IWF vs. IWY
Performance
Return for Risk
Dividends
Drawdowns
Volatility

IWF vs. IWY

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Russell 1000 Growth ETF (IWF) and iShares Russell Top 200 Growth ETF (IWY).

IWF and IWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWF is a passively managed fund by iShares that tracks the performance of the Russell 1000 Growth Index. It was launched on May 22, 2000. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both IWF and IWY 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

IWF vs. IWY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 1000 Growth ETF (IWF) and iShares Russell Top 200 Growth ETF (IWY). The values are adjusted to include any dividend payments, if applicable.

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IWF vs. IWY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWF
iShares Russell 1000 Growth ETF		-9.05%18.33%33.12%42.59%-29.31%27.43%38.25%35.86%-1.67%29.95%
IWY
iShares Russell Top 200 Growth ETF		-9.30%18.19%34.89%46.49%-29.91%31.05%39.01%36.20%-0.72%31.69%

Returns By Period

The year-to-date returns for both stocks are quite close, with IWF having a -9.05% return and IWY slightly lower at -9.30%. Over the past 10 years, IWF has underperformed IWY with an annualized return of 16.63%, while IWY has yielded a comparatively higher 17.59% annualized return.

IWF

1D
0.87%
1M
-4.65%
YTD
-9.05%
6M
-8.54%
1Y
18.65%
3Y*
21.36%
5Y*
12.41%
10Y*
16.63%

IWY

1D
0.87%
1M
-4.60%
YTD
-9.30%
6M
-8.67%
1Y
18.58%
3Y*
22.41%
5Y*
13.61%
10Y*
17.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 Growth ETF

iShares Russell Top 200 Growth ETF

Often compared with IWF:
IWF vs. IWDIWF vs. VUGIWF vs. SPYIWF vs. IWMIWF vs. VOOIWF vs. VONGIWF vs. IVW
Often compared with IWY:
IWY vs. QQQIWY vs. SCHGIWY vs. SPYIWY vs. MGKIWY vs. VONGIWY vs. IVWIWY vs. IWL

IWF vs. IWY - Expense Ratio Comparison

IWF has a 0.19% expense ratio, which is lower than IWY's 0.20% 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%.

IWY
iShares Russell Top 200 Growth ETF
IWF
iShares Russell 1000 Growth ETF

Return for Risk

IWF vs. IWY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWF
IWF Risk / Return Rank: 4545
Overall Rank
IWF Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IWF Sortino Ratio Rank: 4848
Sortino Ratio Rank
IWF Omega Ratio Rank: 4747
Omega Ratio Rank
IWF Calmar Ratio Rank: 4444
Calmar Ratio Rank
IWF Martin Ratio Rank: 4242
Martin Ratio Rank
IWY
IWY Risk / Return Rank: 4444
Overall Rank
IWY Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
IWY Sortino Ratio Rank: 4747
Sortino Ratio Rank
IWY Omega Ratio Rank: 4747
Omega Ratio Rank
IWY Calmar Ratio Rank: 4343
Calmar Ratio Rank
IWY Martin Ratio Rank: 4141
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.

IWF vs. IWY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Growth ETF (IWF) and iShares Russell Top 200 Growth ETF (IWY). 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.

IWFIWYDifference

Sharpe ratio

Return per unit of total volatility

0.84

0.84

0.00

Sortino ratio

Return per unit of downside risk

1.35

1.35

+0.01

Omega ratio

Gain probability vs. loss probability

1.19

1.19

0.00

Calmar ratio

Return relative to maximum drawdown

1.20

1.17

+0.03

Martin ratio

Return relative to average drawdown

4.08

3.89

+0.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWF vs. IWY - Sharpe Ratio Comparison

The current IWF Sharpe Ratio is 0.84, which is comparable to the IWY Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of IWF and IWY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

IWFIWYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

0.84

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.64

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.84

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.87

-0.50

Correlation

The correlation between IWF and IWY is 0.98, 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

IWF vs. IWY - Dividend Comparison

IWF's dividend yield for the trailing twelve months is around 0.39%, which matches IWY's 0.39% yield.

TTM20252024202320222021202020192018201720162015
IWF
iShares Russell 1000 Growth ETF		0.39%0.36%0.46%0.67%0.91%0.49%0.66%0.99%1.27%1.10%1.43%1.37%
IWY
iShares Russell Top 200 Growth ETF		0.39%0.36%0.42%0.68%0.88%0.50%0.71%1.06%1.32%1.26%1.51%1.58%

Drawdowns

IWF vs. IWY - Drawdown Comparison

The maximum IWF drawdown since its inception was -64.25%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for IWF and IWY.

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Drawdown Indicators

IWFIWYDifference

Max Drawdown

Largest peak-to-trough decline

-64.25%

-32.68%

-31.57%

Max Drawdown (1Y)

Largest decline over 1 year

-16.27%

-16.63%

+0.36%

Max Drawdown (5Y)

Largest decline over 5 years

-32.72%

-32.68%

-0.04%

Max Drawdown (10Y)

Largest decline over 10 years

-32.72%

-32.68%

-0.04%

Current Drawdown

Current decline from peak

-12.36%

-12.77%

+0.41%

Average Drawdown

Average peak-to-trough decline

-22.21%

-4.77%

-17.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.80%

4.99%

-0.19%

Volatility

IWF vs. IWY - Volatility Comparison

iShares Russell 1000 Growth ETF (IWF) and iShares Russell Top 200 Growth ETF (IWY) have volatilities of 6.82% and 6.70%, 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

IWFIWYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.82%

6.70%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

12.40%

-0.01%

Volatility (1Y)

Calculated over the trailing 1-year period

22.41%

22.29%

+0.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.41%

21.49%

-0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.92%

20.92%

0.00%