FTA vs IWD: Grades, Fees and Holdings Compared

First Trust Large Cap Value AlphaDEX Fund

FTACNasdaq

iShares Russell 1000 Value ETF

IWDANYSE Arca

Overlap

24.6%by weight

Expense ratio

IWD −0.40pt a year

FTA0.58%IWD0.18%

Avg volume · 30D

IWD 54.7×the volume

FTA36.7KIWD2.01M

10Y return · a year

IWD +0.4pt

FTA+11.5%IWD+11.9%

FTA vs IWD Performance

Oct 29, 2021 – Oct 30, 2026

+71.4%FTA+72.9%IWD

Expense ratio: FTA 0.58%; IWD 0.18%, better
Fund size: FTA $1.46B; IWD $83.2B
1Y total return: FTA +28.1%; IWD +28.4%, better
Yield (12M): FTA 1.68%, better; IWD 1.37%
Holdings: FTA 188; IWD 874
Avg volume (30D): FTA 36.7K sh; IWD 2.01M sh, better
NAV per share: FTA $103.97; IWD $258.68
52W range

ETF.net Grade

Pillar letters and Scores for FTA, IWD, with each pillar’s weight
Pillar	FTA	IWD
Cost30% weight	F10	B59Higher
Mission25% weight	A82	A100Higher
Risk15% weight	B64	A79Higher
Tradability15% weight	B60	A96Higher
Holdings10% weight	B67Higher	C42
Durability5% weight	B62	A82Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. FTA and IWD are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

IWD ranks 4th and FTA 26th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 4AVOEVanguard Morningstar Mid-Cap Value ETFScore 77
Rank 26CFABFirst Trust Multi Cap Value AlphaDEX FundScore 51
Rank 26CFTAFirst Trust Large Cap Value AlphaDEX FundScore 51
Rank 28CCOWZPacer US Cash Cows 100 ETFScore 49

Our read on each fund

ETF.net Research

FTACFirst Trust Large Cap Value AlphaDEX Fund

IWDAiShares Russell 1000 Value ETF

In short

FTA FTA doesn't just buy the value index and call it a day. It screens US large caps on value and profitability, then holds only the names that clear the bar, a 2007-vintage rules-based stock picker in an ETF wrapper.

IWD The original Russell 1000 Value tracker, live since 2000 and still one of the most traded ways to own the value half of US large caps. Roughly 900 stocks, followed closely, at a price that reflects the plumbing.

Stated mandate

FTA The Fund seeks to track, before fees and expenses, the performance of the Nasdaq AlphaDEX Large Cap Value Index.

IWD The fund seeks to track an index of U.S. large- and mid-cap stocks that may be undervalued relative to comparable companies.

Why people hold it

FTA Selection by formula, not size: the AlphaDEX screen ranks large-cap value names on value and profitability before the index decides who gets in.ftportfolios.com
Live since 2007, so the method has a real record through the financial crisis and everything after, not a backtest.
Roughly 190 stocks, so no single name carries the fund, and it distributes quarterly.
The rules are public: it tracks a published Nasdaq AlphaDEX Large Cap Value index, and it has held multi-billion-dollar scale for years.

IWD Follows the Russell 1000 Value Index closely, one of the tightest index-following records among US value funds.
About 900 large- and mid-cap names, so no single stock or sector drives the result.
Trading since 2000 and actively traded, it is among the easier value ETFs to move in and out of, in size.

Worth knowing

FTA 0.58% a year, against a cohort median near 0.18%. Plain cap-weighted value funds (VTV, SCHV, IUSV) charge a small fraction of that.
Thinly traded next to the category's giants, so spreads and limit orders matter more here.
Value by screen, not by market cap: the portfolio can look and behave quite differently from a standard large-cap value benchmark.

IWD At 0.18% a year, it costs more than several broad value rivals (VTV 0.03%, SCHV 0.04%, IUSV 0.04%). The extra buys the Russell index and the trading depth.
Holding roughly 900 names out of a 1,000-stock parent index, the value tilt is wide and mild, not a concentrated deep-value bet.ishares.com
Distributions land quarterly, and the amount rides on what the underlying companies pay.

Full FTA profile⁠

Full IWD profile⁠

FTA vs IWD Holdings

How FTA and IWD differ

Overlap by weight

24.6%

Shared holdings make up 99.0% of FTA and 29.6% of IWD.

Level by level

Holdings183 in both24.6%
Sector11 Sectors80.0%
Countryby domicile98.2%
Asset classEquity100%

Sector

Sector weights in FTA and IWD, widest gap first
Sector	More in FTAMore in IWD	FTA	IWD
Technology	IWD +10.5 points	9.7%	20.2%
Energy	FTA +7.4 points	14.1%	6.7%
Utilities	FTA +7.0 points	10.5%	3.5%
Health Care	IWD +4.6 points	8.9%	13.5%
Industrials	IWD +3.0 points	7.5%	10.5%
Communication	FTA +2.8 points	5.7%	2.9%
Financials	FTA +1.8 points	20.1%	18.3%
Consumer Discretionary	IWD +1.3 points	8.9%	10.2%
Real Estate	FTA +1.1 points	4.4%	3.3%
Consumer Staples	IWD +0.5 points	7.1%	7.6%
Materials	IWD +0.4 points	3.1%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in FTA and IWD, widest gap first
Country	More in FTAMore in IWD	FTA	IWD
United States	IWD +1.6 points	97.5%	99.1%
United Kingdom	FTA +0.8 points	0.9%	0.1%
Ireland	FTA +0.5 points	0.6%	0.1%
Other countries (9)	FTA +0.2 points	0.9%	0.7%

Concentration

Weight in the 10 largest Holdings

FTA9.8%
IWD29.3%

Securities held

FTA187
IWD871

Asset class

FTA: Equity
IWD: Equity

Holdings

Only in FTA4
In both183
Only in IWD688

Only in FTA

4 securities, 0.7% of FTA by weight

Lockheed Martin Corporation0.20%
Darden Restaurants, Inc.0.18%
TE Connectivity Plc0.16%
NRG Energy, Inc.0.16%

Only in IWD

688 securities, 70.2% of IWD by weight

Apple6.03%
Amazon.com Inc5.64%
Microsoft5.12%
JPMorgan Chase & Co2.38%
Johnson & Johnson1.74%
Walmart1.31%
AbbVie1.27%
Cisco Systems Inc1.09%
Procter & Gamble0.99%
Merck & Co Inc0.98%
UnitedHealth Group0.97%
Philip Morris International0.86%
Coca-Cola0.85%
Intel Corporation0.79%
Rtx0.71%
Thermo Fisher Scientific0.68%
Goldman Sachs Group0.68%
Costco Wholesale Corp0.67%
Meta Platforms Class A0.65%
International Business Machines Co0.64%
Linde PLC0.63%
Gilead Sciences0.56%
Morgan Stanley0.55%
Analog Devices0.50%
Abbott Laboratories0.49%
Mcdonalds Corp0.48%
BlackRock0.46%
Nextera Energy0.46%
Qualcomm0.46%
Pfizer0.46%
Welltower0.45%
Union Pacific0.44%
Deere0.44%
Danaher0.39%
Vertex Pharmaceuticals0.38%
S&P Global0.36%
Charles Schwab0.35%
Altria Group Inc0.34%
Eaton PLC0.32%
Prologis Reit0.32%
American Express0.31%
Uber Technologies0.30%
Parker-Hannifin0.30%
Dell Technologies Inc Class C0.30%
Newmont0.30%
Cme Group Class A0.29%
Stryker0.27%
Equinix Reit0.26%
Duke Energy Corp0.26%
Marsh0.26%

Weight gaps

The 100 widest of 183 Holdings in both funds.

Holding weights in FTA and IWD, widest gap first
Holding	More in FTAMore in IWD	FTA	IWD
Berkshire Hathaway Inc. (Class B)BRK.B	IWD +1.78 points	0.89%	2.67%
ExxonMobil Holdings Corp.XOM	IWD +1.49 points	0.55%	2.04%
Ovintiv Inc.OVV	FTA +0.98 points	1.03%	0.05%
Permian Resources Corp.PR	FTA +0.96 points	1.01%	0.05%
Constellation Brands, Inc. (Class A)STZ	FTA +0.93 points	0.98%	0.05%
Global Payments Inc.GPN	FTA +0.91 points	0.97%	0.06%
Fidelity National Information Services, Inc.FIS	FTA +0.91 points	0.96%	0.05%
Amcor plcAMCR	FTA +0.87 points	0.93%	0.06%
Carnival Corporation Ltd.CCL	FTA +0.86 points	0.96%	0.10%
Cincinnati Financial CorporationCINF	FTA +0.86 points	0.93%	0.07%
PTC Inc.PTC	FTA +0.85 points	0.91%	0.06%
Cognizant Technology Solutions CorporationCTSH	FTA +0.85 points	0.93%	0.08%
Arch Capital Group Ltd.ACGL	FTA +0.85 points	0.94%	0.09%
EQT CorporationEQT	FTA +0.85 points	0.94%	0.09%
Edison InternationalEIX	FTA +0.84 points	0.90%	0.06%
Fiserv, Inc.FISV	FTA +0.84 points	0.91%	0.07%
Markel Group IncMKL	FTA +0.84 points	0.90%	0.06%
HF Sinclair Corp.DINO	FTA +0.83 points	0.88%	0.05%
Expand Energy CorporationEXE	FTA +0.83 points	0.88%	0.05%
CF Industries Holdings, Inc.CF	FTA +0.83 points	0.88%	0.05%
Occidental Petroleum CorporationOXY	FTA +0.83 points	0.95%	0.12%
PulteGroup, Inc.PHM	FTA +0.82 points	0.88%	0.06%
PG&E CorporationPCG	FTA +0.80 points	0.88%	0.08%
VICI Properties Inc.VICI	FTA +0.80 points	0.87%	0.07%
Fox Corporation (Class A)FOXA	FTA +0.80 points	0.83%	0.03%
The Hartford Insurance Group, Inc.HIG	FTA +0.80 points	0.89%	0.09%
Charter Communications, Inc. (Class A)CHTR	FTA +0.79 points	0.82%	0.03%
American International Group, Inc.AIG	FTA +0.78 points	0.90%	0.12%
The Allstate CorporationALL	FTA +0.78 points	0.96%	0.18%
Devon Energy CorporationDVN	FTA +0.77 points	0.93%	0.16%
T. Rowe Price Group, Inc.TROW	FTA +0.76 points	0.82%	0.06%
Annaly Capital Management, Inc.NLY	FTA +0.75 points	0.79%	0.04%
Roper Technologies, Inc.ROP	FTA +0.76 points	0.88%	0.12%
EOG Resources, Inc.EOG	FTA +0.76 points	0.99%	0.23%
Jones Lang LaSalle IncorporatedJLL	FTA +0.73 points	0.77%	0.04%
Leidos Holdings, Inc.LDOS	FTA +0.72 points	0.77%	0.05%
First Citizens BancShares, Inc. (Class A)FCNCA	FTA +0.70 points	0.75%	0.05%
Broadridge Financial Solutions, Inc.BR	FTA +0.68 points	0.73%	0.05%
Halliburton CompanyHAL	FTA +0.67 points	0.75%	0.08%
Evergy, Inc.EVRG	FTA +0.67 points	0.72%	0.05%
Honeywell International Inc.HON	FTA +0.67 points	0.85%	0.18%
Comcast Corporation (Class A)CMCSA	FTA +0.66 points	0.88%	0.22%
Martin Marietta Materials, Inc.MLM	FTA +0.65 points	0.74%	0.09%
Loews CorporationL	FTA +0.65 points	0.70%	0.05%
Zimmer Biomet Holdings, Inc.ZBH	FTA +0.65 points	0.70%	0.05%
Ameren CorporationAEE	FTA +0.65 points	0.73%	0.08%
Tenet Healthcare CorporationTHC	FTA +0.64 points	0.70%	0.06%
Diamondback Energy, Inc.FANG	FTA +0.64 points	0.76%	0.12%
PPL CorporationPPL	FTA +0.64 points	0.71%	0.07%
Consolidated Edison, Inc.ED	FTA +0.64 points	0.75%	0.11%
Eversource EnergyES	FTA +0.63 points	0.70%	0.07%
Synchrony FinancialSYF	FTA +0.64 points	0.70%	0.06%
Exelon CorporationEXC	FTA +0.63 points	0.75%	0.12%
Super Micro Computer, Inc.SMCI	FTA +0.62 points	0.66%	0.04%
Xcel Energy Inc.XEL	FTA +0.61 points	0.74%	0.13%
D.R. Horton, Inc.DHI	FTA +0.60 points	0.70%	0.10%
Gen Digital Inc.GEN	FTA +0.59 points	0.63%	0.04%
PayPal Holdings, Inc.PYPL	FTA +0.58 points	0.71%	0.13%
Smurfit Westrock PlcSW	FTA +0.58 points	0.64%	0.06%
M&T Bank CorporationMTB	FTA +0.59 points	0.67%	0.08%
CRH PlcCRH	FTA +0.56 points	0.72%	0.16%
General Motors CompanyGM	FTA +0.54 points	0.74%	0.20%
FedEx CorporationFDX	FTA +0.54 points	0.72%	0.18%
Truist Financial CorporationTFC	FTA +0.53 points	0.69%	0.16%
United Airlines Holdings, Inc.UAL	FTA +0.54 points	0.62%	0.08%
Zoetis Inc.ZTS	FTA +0.53 points	0.55%	0.02%
Ball CorporationBALL	FTA +0.52 points	0.57%	0.05%
The Cigna GroupCI	FTA +0.51 points	0.72%	0.21%
ConocoPhillipsCOP	FTA +0.51 points	1.01%	0.50%
The Travelers Companies, Inc.TRV	FTA +0.51 points	0.73%	0.22%
Delta Air Lines, Inc.DAL	FTA +0.51 points	0.63%	0.12%
Bank of America CorporationBAC	IWD +0.50 points	0.30%	0.80%
Dollar Tree, Inc.DLTR	FTA +0.49 points	0.56%	0.07%
Brown & Brown, Inc.BRO	FTA +0.50 points	0.55%	0.05%
NiSource Inc.NI	FTA +0.49 points	0.55%	0.06%
PPG Industries, Inc.PPG	FTA +0.48 points	0.55%	0.07%
CMS Energy CorporationCMS	FTA +0.47 points	0.53%	0.06%
Best Buy Co., Inc.BBY	FTA +0.47 points	0.52%	0.05%
Lennar CorporationLEN	FTA +0.46 points	0.51%	0.05%
Copart, Inc.CPRT	FTA +0.46 points	0.53%	0.07%
DTE Energy CompanyDTE	FTA +0.46 points	0.53%	0.07%
Sunbelt Rentals Holdings, Inc.SUNB	FTA +0.46 points	0.55%	0.09%
Viatris Inc.VTRS	FTA +0.45 points	0.51%	0.06%
Dollar General CorporationDG	FTA +0.45 points	0.53%	0.08%
Atmos Energy CorporationATO	FTA +0.45 points	0.53%	0.08%
KeyCorpKEY	FTA +0.45 points	0.50%	0.05%
Regions Financial CorporationRF	FTA +0.45 points	0.51%	0.06%
Invitation Homes Inc.INVH	FTA +0.44 points	0.48%	0.04%
Public Service Enterprise Group IncorporatedPEG	FTA +0.43 points	0.53%	0.10%
Huntington Bancshares IncorporatedHBAN	FTA +0.42 points	0.50%	0.08%
Citizens Financial Group, Inc.CFG	FTA +0.41 points	0.48%	0.07%
Nucor CorporationNUE	FTA +0.40 points	0.56%	0.16%
Bunge Global S.A.BG	FTA +0.40 points	0.43%	0.03%
Chevron CorporationCVX	IWD +0.39 points	0.76%	1.15%
Chubb LimitedCB	FTA +0.39 points	0.73%	0.34%
ONEOK, Inc.OKE	FTA +0.39 points	0.55%	0.16%
The Progressive CorporationPGR	FTA +0.37 points	0.73%	0.36%
Capital One Financial CorporationCOF	FTA +0.37 points	0.70%	0.33%
Marathon Petroleum CorporationMPC	FTA +0.37 points	0.54%	0.17%
Kinder Morgan, Inc.KMI	FTA +0.37 points	0.54%	0.17%

All 187 FTA holdings⁠All 871 IWD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FTA vs IWD Cost

Overpaying FTA vs IWD

$7,704

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FTA 0.58%
$11,453
IWD 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

FTA 0.58%
IWD 0.18%
Overpaying

Year by year

Year	FTA	IWD	Overpaying
10	$1,041	$328	$713
20	$3,986	$1,281	$2,705
30	$11,453	$3,749	$7,704

Expense ratio

0.58%FTA
0.18%IWD, cheaper

IWD0.18%FTA0.58%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IWD 16th cheapest of 40 funds

FTA 36th cheapest of 40 funds

FTA vs IWD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FTA 1.68%, better; IWD 1.37%
Payout (12M): FTA $1.75; IWD $3.53
Last payment: FTA $0.53; IWD $0.93
Ex-dividend: FTA Sep 24, 2026; IWD Sep 15, 2026
Paid on: FTA Sep 30, 2026; IWD Sep 18, 2026
Frequency: FTA Quarterly; IWD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FTAQuarterly · 40 paymentsAll FTA payments⁠

IWDQuarterly · 39 paymentsAll IWD payments⁠

FTA vs IWD Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: FTA 13.5%IWD 12.1%, better
Return per unit of riskSharpe ratio, 3 years: FTA 1.14IWD 1.42, better
Worst fallMax drawdown, 5 years: FTA −19.8%IWD −19.0%, better
Market sensitivityBeta, 5 years: FTA 0.64IWD 0.85; Market = 1

FTA and IWD in the news

All news⁠

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Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
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One US value fund returned 68% with Micron at 22.5%. The median returned 22%
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FTA vs IWD

In short

Stated mandate

Why people hold it