IWV vs. IWD

Last updated Jun 5, 2026

IWV (iShares Russell 3000 ETF) and IWD (iShares Russell 1000 Value ETF) are both exchange-traded funds - IWV is a Large Cap Blend Equities fund tracking the Russell 3000 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, IWV returned 14.85%/yr vs 11.23%/yr for IWD. Their correlation of 0.92 suggests significant overlap in exposure. IWV charges 0.20%/yr vs 0.18%/yr for IWD.

Performance

IWV vs. IWD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 3000 ETF (IWV) and iShares Russell 1000 Value ETF (IWD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWV achieves a 11.36% return, which is significantly lower than IWD's 15.03% return. Over the past 10 years, IWV has outperformed IWD with an annualized return of 14.85%, while IWD has yielded a comparatively lower 11.23% annualized return.

IWV

• 1D: 0.52%
• 1M: 4.56%
• YTD: 11.36%
• 6M: 11.08%
• 1Y: 28.12%
• 3Y*: 22.07%
• 5Y*: 12.64%
• 10Y*: 14.85%

IWD

• 1D: 0.72%
• 1M: 3.88%
• YTD: 15.03%
• 6M: 15.64%
• 1Y: 29.59%
• 3Y*: 18.83%
• 5Y*: 10.33%
• 10Y*: 11.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWV vs. IWD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWV iShares Russell 3000 ETF	11.36%	16.96%	23.49%	25.82%	-19.28%	25.54%	20.55%	30.66%	-5.43%	20.97%
IWD iShares Russell 1000 Value ETF	15.03%	15.68%	14.17%	11.34%	-7.75%	24.95%	2.73%	26.12%	-8.45%	13.45%

Correlation

The correlation between IWV and IWD is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 30, 2000	0.92

The correlation between IWV and IWD shifts across timeframes, from 0.81 (3 years) to 0.92 (all time), reflecting how their relationship changes across market environments.

IWV vs. IWD - Sectors Allocation Comparison

Sectors	IWV	IWD
Technology	33.1%	17.9%
Financial Services	12.2%	18.5%
Communication Services	10.5%	8.2%
Consumer Cyclical	10.2%	7.0%
Industrials	9.6%	12.7%
Healthcare	9.1%	10.5%
Consumer Defensive	4.7%	6.7%
Energy	3.8%	6.5%
Real Estate	2.4%	3.9%
Utilities	2.3%	4.1%
Basic Materials	2.2%	3.7%

Return for Risk

IWV vs. IWD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWV

IWV Risk / Return Rank: 72
IWV Sharpe Ratio Rank: 73
IWV Sortino Ratio Rank: 72
IWV Omega Ratio Rank: 72
IWV Calmar Ratio Rank: 65
IWV Martin Ratio Rank: 77

IWD

IWD Risk / Return Rank: 85
IWD Sharpe Ratio Rank: 85
IWD Sortino Ratio Rank: 87
IWD Omega Ratio Rank: 84
IWD Calmar Ratio Rank: 83
IWD Martin Ratio Rank: 87

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. IWD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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.

	IWV	IWD	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.76	-0.43
Sortino ratio: Return per unit of downside risk	3.20	3.88	-0.68
Omega ratio: Gain probability vs. loss probability	1.42	1.50	-0.08
Calmar ratio: Return relative to maximum drawdown	3.18	4.38	-1.20
Martin ratio: Return relative to average drawdown	14.64	18.35	-3.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWV vs. IWD - Sharpe Ratio Comparison

The current IWV Sharpe Ratio is 2.33, which is comparable to the IWD Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of IWV 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.

Sharpe Ratios by Period

	IWV	IWD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.76	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.70	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.65	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.43	+0.02

Drawdowns

IWV vs. IWD - Drawdown Comparison

The maximum IWV drawdown since its inception was -55.61%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for IWV and IWD.

Drawdown Indicators

	IWV	IWD	Difference
Max Drawdown Largest peak-to-trough decline	-55.61%	-60.10%	+4.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-6.79%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-15.71%	-3.57%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-19.04%	-6.07%
Max Drawdown (10Y) Largest decline over 10 years	-35.22%	-38.51%	+3.29%
Current Drawdown Current decline from peak	-0.25%	0.00%	-0.25%
Average Drawdown Average peak-to-trough decline	-10.59%	-8.65%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.62%	+0.31%

Volatility

IWV vs. IWD - Volatility Comparison

iShares Russell 3000 ETF (IWV) and iShares Russell 1000 Value ETF (IWD) have volatilities of 2.91% and 2.82%, 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.

Volatility by Period

	IWV	IWD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	2.82%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	8.08%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	10.78%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.24%	14.81%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	17.29%	+1.11%

IWV vs. IWD - Expense Ratio Comparison

IWV has a 0.20% 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

IWV vs. IWD - Dividend Comparison

IWV's dividend yield for the trailing twelve months is around 0.85%, less than IWD's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWD iShares Russell 1000 Value ETF	1.48%	1.69%	1.87%	2.02%	2.15%	1.62%	2.05%	2.45%	2.71%	2.09%	2.25%	2.47%
IWV iShares Russell 3000 ETF	0.85%	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

Can I hold both IWV and IWD in my portfolio?

IWV and IWD have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWV or IWD?

IWV has higher volatility (2.91%) compared to IWD (2.82%). In terms of maximum drawdown, IWV dropped -55.61% vs IWD's -60.10%.

Which ETF is better, IWV or IWD?

On 10-year performance, IWV leads with 14.85% vs 11.23% for IWD. On fees, IWD is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWV or IWD?

Over the 10-year period, IWV has performed better with a 14.85% return vs 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWV or IWD?

IWD is cheaper with a 0.18% expense ratio, compared with 0.20% for IWV.

Which ETF pays a higher dividend yield, IWV or IWD?

IWD has the higher dividend yield at 1.48%, compared with 0.85% for IWV.

What is the main difference between IWV and IWD?

IWV is categorized as Large Cap Blend Equities, while IWD is Large Cap Value Equities. IWV tracks Russell 3000 Index, while IWD tracks Russell 1000 Value Index. Their fees differ too: 0.20% for IWV and 0.18% for IWD.

Which has better risk-adjusted returns?

IWD currently has the higher Sharpe Ratio (2.76 vs 2.33), 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.