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IWS vs. IWD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWS vs. IWD

Last updated Aug 2, 2026
Documentation

IWS (iShares Russell Mid-Cap Value ETF) and IWD (iShares Russell 1000 Value ETF) are both exchange-traded funds - IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index, while IWD is a Large Cap Value Equities fund tracking the Russell 1000 Value Index. Both are passively managed. Over the past 10 years, IWS returned 10.30%/yr vs 11.56%/yr for IWD. Their correlation of 0.94 means they have usually moved in the same direction. IWS charges 0.23%/yr vs 0.18%/yr for IWD.

Performance

IWS vs. IWD - Performance Comparison

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

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Returns By Period

In the year-to-date period, IWS achieves a 19.19% return, which is significantly lower than IWD's 20.56% return. Over the past 10 years, IWS has underperformed IWD with an annualized return of 10.30%, while IWD has yielded a comparatively higher 11.56% annualized return.

IWS

1D
-0.31%
1M
0.62%
6M
14.40%
YTD
19.19%
1Y
27.66%
3Y*
15.33%
5Y*
9.45%
10Y*
10.30%
ALL TIME*
9.96%

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%
*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

IWS

iShares Russell Mid-Cap Value ETF
$90.38M$82.14M$73.71M

IWS vs. IWD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWS
iShares Russell Mid-Cap Value ETF		19.19%10.82%12.91%12.52%-12.29%28.10%4.83%26.73%-12.43%13.14%
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%

Correlation

The correlation between IWS and IWD is 0.93, meaning they have usually moved in the same direction, including during past declines.

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

0.93

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

0.95

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

0.96

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

0.96

Correlation (All Time)
Calculated using the full available price history since Jul 24, 2001

0.94

The correlation between IWS and IWD has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

IWS vs. IWD - Sectors Allocation Comparison

Sectors
IWS
IWD

Financial Services

16.3%
19.3%

Industrials

14.9%
10.2%

Technology

13.3%
19.7%

Healthcare

9.9%
12.6%

Real Estate

8.7%
3.8%

Consumer Cyclical

8.5%
10.3%

Utilities

7.2%
3.8%

Energy

7.1%
5.9%

Basic Materials

5.9%
3.5%

Consumer Defensive

5.7%
7.4%

Communication Services

2.4%
3.2%

Financial Services

IWS
16.3%
IWD
19.3%

Industrials

IWS
14.9%
IWD
10.2%

Technology

IWS
13.3%
IWD
19.7%

Healthcare

IWS
9.9%
IWD
12.6%

Real Estate

IWS
8.7%
IWD
3.8%

Consumer Cyclical

IWS
8.5%
IWD
10.3%

Utilities

IWS
7.2%
IWD
3.8%

Energy

IWS
7.1%
IWD
5.9%

Basic Materials

IWS
5.9%
IWD
3.5%

Consumer Defensive

IWS
5.7%
IWD
7.4%

Communication Services

IWS
2.4%
IWD
3.2%

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 Mid-Cap Value ETF

iShares Russell 1000 Value ETF

Often compared with IWS:
IWS vs. IWPIWS vs. IWNIWS vs. IMCVIWS vs. FIMVXIWS vs. VBRIWS vs. IVVIWS vs. QQQ
Often compared with IWD:
IWD vs. IWFIWD vs. VTVIWD vs. IWBIWD vs. QQQIWD vs. VONVIWD vs. IWVIWD vs. IWR

Return for Risk

IWS vs. IWD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IWS
IWS Risk / Return Rank: 8585
Overall Rank
IWS Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IWS Sortino Ratio Rank: 8585
Sortino Ratio Rank
IWS Omega Ratio Rank: 8181
Omega Ratio Rank
IWS Calmar Ratio Rank: 8787
Calmar Ratio Rank
IWS Martin Ratio Rank: 8888
Martin Ratio Rank
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
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.

IWS vs. IWD - Risk-Adjusted Trends Comparison

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

IWSIWDDifference
Sharpe ratioReturn per unit of total volatility
1.94
2.75

-0.81

Sortino ratioReturn per unit of downside risk
2.81
3.83

-1.03

Omega ratioGain probability vs. loss probability

1.34

1.49

-0.15

Calmar ratioReturn relative to maximum drawdown

3.47

4.58

-1.12

Martin ratioReturn relative to average drawdown

13.35

19.60

-6.25

IWS vs. IWD - Sharpe Ratio Comparison

The current IWS Sharpe Ratio is 1.94, which is comparable to the IWD Sharpe Ratio of 2.75. The chart below compares the historical Sharpe Ratios of IWS and IWD, 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

IWS vs. IWD - Drawdown Comparison

The maximum IWS drawdown since its inception was -62.40%, roughly equal to the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for IWS and IWD.

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Drawdown Indicators

IWSIWDDifference

Max Drawdown

Largest peak-to-trough decline

-62.40%

-60.10%

-2.30%

Max Drawdown (1Y)

Largest decline over 1 year

-7.53%

-6.79%

-0.74%

Max Drawdown (3Y)

Largest decline over 3 years

-20.57%

-15.71%

-4.86%

Max Drawdown (5Y)

Largest decline over 5 years

-21.23%

-19.04%

-2.19%

Max Drawdown (10Y)

Largest decline over 10 years

-43.83%

-38.51%

-5.32%

Current Drawdown

Current decline from peak

-1.38%

-0.09%

-1.29%

Average Drawdown

Average peak-to-trough decline

-7.97%

-8.60%

+0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.59%

+0.36%

Volatility

IWS vs. IWD - Volatility Comparison

iShares Russell Mid-Cap Value ETF (IWS) and iShares Russell 1000 Value ETF (IWD) have volatilities of 2.96% and 2.86%, 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

IWSIWDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

2.86%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

9.98%

8.65%

+1.33%

Volatility (1Y)

Calculated over the trailing 1-year period

13.46%

11.35%

+2.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.26%

14.81%

+2.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.30%

17.25%

+2.05%

IWS vs. IWD - Expense Ratio Comparison

IWS has a 0.23% expense ratio, which is higher than IWD's 0.18% 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

IWS vs. IWD - Dividend Comparison

IWS's dividend yield for the trailing twelve months is around 1.30%, less than IWD's 1.39% 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%
IWS
iShares Russell Mid-Cap Value ETF		1.30%1.53%1.50%1.76%1.93%1.39%1.87%1.97%2.53%1.96%2.10%2.14%

Frequently Asked Questions

With a correlation of 0.93, IWS and IWD 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.

IWS has higher volatility (2.96%) compared to IWD (2.86%). In terms of maximum drawdown, IWS dropped -62.40% vs IWD's -60.10%.

On 10-year performance, IWD leads with 11.56% vs 10.30% for IWS. On fees, IWD is cheaper at 0.18% per year. On volatility, IWD has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWD has performed better with a 11.56% return vs 10.30%. 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 0.23% for IWS.

IWD has the higher dividend yield at 1.39%, compared with 1.30% for IWS.

IWS is categorized as Mid Cap Value Equities, while IWD is Large Cap Value Equities. IWS tracks Russell Midcap Value Index, while IWD tracks Russell 1000 Value Index. Their fees differ too: 0.23% for IWS and 0.18% for IWD.

IWD currently has the higher Sharpe Ratio (2.75 vs 1.94), 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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