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IWV vs. IUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWV vs. IUS

Last updated Jun 23, 2026

IWV (iShares Russell 3000 ETF) and IUS (Invesco RAFI Strategic US ETF) are both Large Cap Blend Equities funds - IWV tracks the Russell 3000 Index while IUS tracks the Invesco Strategic US Index. Both are passively managed. Over the past 5 years, IWV returned 12.24%/yr vs 13.86%/yr for IUS. Their correlation of 0.87 suggests significant overlap in exposure. IWV charges 0.20%/yr vs 0.19%/yr for IUS.

Performance

IWV vs. IUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 3000 ETF (IWV) and Invesco RAFI Strategic US ETF (IUS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWV achieves a 10.01% return, which is significantly lower than IUS's 14.45% return.

IWV

1D
-0.27%
1M
0.53%
YTD
10.01%
6M
9.26%
1Y
26.55%
3Y*
20.91%
5Y*
12.24%
10Y*
15.13%

IUS

1D
-0.44%
1M
0.19%
YTD
14.45%
6M
14.22%
1Y
31.41%
3Y*
19.92%
5Y*
13.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWV vs. IUS - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IWV
iShares Russell 3000 ETF		10.01%16.96%23.49%25.82%-19.28%25.54%20.55%30.66%-13.71%
IUS
Invesco RAFI Strategic US ETF		14.45%16.94%16.51%20.79%-8.34%32.17%15.09%29.34%-12.28%

Correlation

The correlation between IWV and IUS is 0.88, 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

0.88

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

0.91

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

0.93

Correlation (All Time)
Calculated using the full available price history since Sep 12, 2018

0.87

The correlation between IWV and IUS has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

IWV vs. IUS - Sectors Allocation Comparison

Sectors
IWV
IUS

Technology

36.5%
26.7%

Financial Services

11.5%
6.8%

Communication Services

10.0%
13.0%

Consumer Cyclical

9.9%
10.4%

Industrials

9.1%
9.7%

Healthcare

8.9%
12.6%

Consumer Defensive

4.3%
6.9%

Energy

3.3%
9.4%

Real Estate

2.3%
0.4%

Utilities

2.1%
1.0%

Basic Materials

2.0%
3.2%

Technology

IWV
36.5%
IUS
26.7%

Financial Services

IWV
11.5%
IUS
6.8%

Communication Services

IWV
10.0%
IUS
13.0%

Consumer Cyclical

IWV
9.9%
IUS
10.4%

Industrials

IWV
9.1%
IUS
9.7%

Healthcare

IWV
8.9%
IUS
12.6%

Consumer Defensive

IWV
4.3%
IUS
6.9%

Energy

IWV
3.3%
IUS
9.4%

Real Estate

IWV
2.3%
IUS
0.4%

Utilities

IWV
2.1%
IUS
1.0%

Basic Materials

IWV
2.0%
IUS
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 3000 ETF

Invesco RAFI Strategic US ETF

Often compared with IWV:
IWV vs. SPYIWV vs. VTIIWV vs. IWMIWV vs. ACWXIWV vs. VTHRIWV vs. IVVIWV vs. RSP
Often compared with IUS:
IUS vs. EPSIUS vs. BSIIXIUS vs. IUSGIUS vs. QLVIUS vs. SCHDIUS vs. FMDEIUS vs. XLK

Return for Risk

IWV vs. IUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWV
IWV Risk / Return Rank: 6767
Overall Rank
IWV Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWV Sortino Ratio Rank: 6464
Sortino Ratio Rank
IWV Omega Ratio Rank: 6666
Omega Ratio Rank
IWV Calmar Ratio Rank: 6262
Calmar Ratio Rank
IWV Martin Ratio Rank: 7373
Martin Ratio Rank
IUS
IUS Risk / Return Rank: 9090
Overall Rank
IUS Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
IUS Sortino Ratio Rank: 9090
Sortino Ratio Rank
IUS Omega Ratio Rank: 8989
Omega Ratio Rank
IUS Calmar Ratio Rank: 8989
Calmar Ratio Rank
IUS Martin Ratio Rank: 9292
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.

IWV vs. IUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) and Invesco RAFI Strategic US ETF (IUS). 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.

IWVIUSDifference
Sharpe ratioReturn per unit of total volatility
2.11
2.95

-0.84

Sortino ratioReturn per unit of downside risk
2.87
4.02

-1.15

Omega ratioGain probability vs. loss probability

1.38

1.53

-0.15

Calmar ratioReturn relative to maximum drawdown

3.00

5.13

-2.13

Martin ratioReturn relative to average drawdown

13.42

21.42

-8.00

IWV vs. IUS - Sharpe Ratio Comparison

The current IWV Sharpe Ratio is 2.11, which is comparable to the IUS Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of IWV and IUS, 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

IWV vs. IUS - Drawdown Comparison

The maximum IWV drawdown since its inception was -55.61%, which is greater than IUS's maximum drawdown of -34.67%. Use the drawdown chart below to compare losses from any high point for IWV and IUS.

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Drawdown Indicators

IWVIUSDifference

Max Drawdown

Largest peak-to-trough decline

-55.61%

-34.67%

-20.94%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-6.15%

-2.74%

Max Drawdown (3Y)

Largest decline over 3 years

-19.28%

-15.61%

-3.67%

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

-18.72%

-6.39%

Max Drawdown (10Y)

Largest decline over 10 years

-35.22%

—

—

Current Drawdown

Current decline from peak

-1.46%

-1.74%

+0.28%

Average Drawdown

Average peak-to-trough decline

-10.57%

-3.85%

-6.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.47%

+0.51%

Volatility

IWV vs. IUS - Volatility Comparison

iShares Russell 3000 ETF (IWV) has a higher volatility of 4.65% compared to Invesco RAFI Strategic US ETF (IUS) at 3.84%. This indicates that IWV's price experiences larger fluctuations and is considered to be riskier than IUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWVIUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.65%

3.84%

+0.81%

Volatility (6M)

Calculated over the trailing 6-month period

9.89%

8.03%

+1.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.67%

10.71%

+1.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.32%

15.03%

+2.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.45%

18.03%

+0.42%

IWV vs. IUS - Expense Ratio Comparison

IWV has a 0.20% expense ratio, which is higher than IUS's 0.19% 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

IWV vs. IUS - Dividend Comparison

IWV's dividend yield for the trailing twelve months is around 0.88%, less than IUS's 1.62% yield.

PositionTTM20252024202320222021202020192018201720162015
IUS
Invesco RAFI Strategic US ETF		1.62%1.48%1.52%1.72%1.78%1.46%1.74%1.77%0.73%0.00%0.00%0.00%
IWV
iShares Russell 3000 ETF		0.88%0.96%1.08%1.30%1.56%1.04%1.30%1.69%1.97%1.58%1.79%1.99%

Frequently Asked Questions

IWV and IUS have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWV has higher volatility (4.65%) compared to IUS (3.84%). In terms of maximum drawdown, IWV dropped -55.61% vs IUS's -34.67%.

On 5-year performance, IUS leads with 13.86% vs 12.24% for IWV. On fees, IUS is cheaper at 0.19% per year. On volatility, IUS has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IUS has performed better with a 13.86% return vs 12.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IUS is cheaper with a 0.19% expense ratio, compared with 0.20% for IWV.

IUS has the higher dividend yield at 1.62%, compared with 0.88% for IWV.

IWV tracks Russell 3000 Index, while IUS tracks Invesco Strategic US Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IWV and 0.19% for IUS.

IUS currently has the higher Sharpe Ratio (2.95 vs 2.11), 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 IWV and IUS

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