ITOT vs IWV: Grades, Fees and Holdings Compared

iShares Core S&P Total U.S. Stock Market ETF

ITOTANYSE Arca

iShares Russell 3000 ETF

IWVBNYSE Arca

Overlap

98.2%by weight

Expense ratio

ITOT −0.17pt a year

ITOT0.03%IWV0.20%

Avg volume · 30D

ITOT 8.1×the volume

ITOT1.55MIWV191K

10Y return · a year

ITOT +0.1pt

ITOT+14.6%IWV+14.5%

ITOT vs IWV Performance

Nov 9, 2021 – Nov 9, 2026

+64.2%ITOT+63.9%IWV

Expense ratio: ITOT 0.03%, better; IWV 0.20%
Fund size: ITOT $93.2B; IWV $19.7B
1Y total return: ITOT +13.5%; IWV +13.5%
Yield (12M): ITOT 1.02%, better; IWV 0.88%
Holdings: ITOT 2425; IWV 2583
Avg volume (30D): ITOT 1.55M sh, better; IWV 191K sh
NAV per share: ITOT $160.52; IWV $417.86
52W range

ETF.net Grade

Pillar letters and Scores for ITOT, IWV, with each pillar’s weight
Pillar	ITOT	IWV
Cost30% weight	A75Higher	D29
Mission25% weight	A100	A100
Risk15% weight	C48	C48
Tradability15% weight	A83Higher	B55
Holdings10% weight	A71	A80Higher
Durability5% weight	A81Higher	A73

Rank among Total US Market funds

How we build Categories ›

Same Category. ITOT and IWV are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

ITOT ranks 1st and IWV 7th of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 75
Rank 6BDFUSDimensional U.S. Equity ETFScore 65
Rank 7BIWViShares Russell 3000 ETFScore 60
Rank 8BVTHRVanguard Russell 3000 ETFScore 59

Our read on each fund

ETF.net Research

ITOTAiShares Core S&P Total U.S. Stock Market ETF

IWVBiShares Russell 3000 ETF

In short

ITOT The S&P family's answer to total-market indexing: large, mid and small U.S. stocks in one 0.03% wrapper, running since 2004. Same fee as the Vanguard and Schwab giants, a different index rulebook.

IWV One of the first ETFs to put the entire US stock market in a single ticker, live since 2000 and still hugging the Russell 3000. The trade-off is a legacy price tag: newer total-market rivals cost a fraction of it.

Stated mandate

ITOT The fund seeks to track the performance of the S&P Composite 1500, representing U.S. stocks across market capitalizations.

IWV The fund seeks to track a broad U.S. equity-market index, the Russell 3000 Index.

Why people hold it

ITOT 0.03% a year, matching the category's biggest names (VTI, SCHB) and sitting below what the typical fund in this group charges.
One index, no tilts: U.S. stocks across market caps in cap-weight order. The mandate it prints is the mandate it runs.
Trading since 2004 and now a multi-billion-dollar fund with active daily volume, so spreads are rarely the story.
Plain 1940 Act fund structure, cash paid out quarterly.

IWV Trading since 2000, one of the original whole-market wrappers, and it still holds the Russell 3000 top to bottom: mega caps down to small caps in one line item.
Tracking is its strong suit. It has followed the Russell 3000 about as tightly as anything in the total-US-market group.
A multi-billion-dollar fund with steady day-to-day volume, so getting a fill is rarely the hard part.
Boring by design: a plain 1940 Act index fund holding US stocks, mailing out cash quarterly.

Worth knowing

ITOT Cap weighting puts the megacaps in the driver's seat; the long tail of smaller names is a thin slice of the basket.
SPTM tracks the same declared index at the same 0.03% fee, so the pick comes down to platform, spreads and existing tax lots.
All-equity and all-U.S. by design: no bonds, no foreign stocks in the wrapper.

IWV The fee is the story. At 0.20% a year it runs well above the typical total-market ETF, and VTHR tracks the same Russell 3000 index for 0.06%.
VTI, ITOT and SCHB deliver comparable whole-market coverage at 0.03%. You are paying up for the Russell build, not for broader reach.
Straight equity beta: no buffer, no hedge, no cushion. When the US market drops, this drops with it.

Full ITOT profile⁠

Full IWV profile⁠

ITOT vs IWV Holdings

How ITOT and IWV differ

Overlap by weight

98.2%

Shared holdings make up 99.3% of ITOT and 99.1% of IWV.

Level by level

Holdings2,327 in both98.2%
Sector11 Sectors99.1%
Asset classStocks100%
Countryby domicile99.8%

Sector

Sector weights in ITOT and IWV, widest gap first
Sector	Gap	ITOT	IWV
Industrials	ITOT +0.6 points	9.2%	8.6%
Technology	IWV +0.5 points	33.4%	33.9%
Consumer Discretionary	IWV +0.3 points	9.6%	9.9%
Financials	ITOT +0.2 points	13.2%	13.0%
Communication	ITOT +0.1 points	8.5%	8.4%
Materials	ITOT +0.1 points	2.1%	2.0%
Real Estate	IWV +0.1 points	2.3%	2.4%
Health Care	IWV +0.1 points	11.1%	11.2%
Consumer Staples	ITOT +0.1 points	5.0%	4.9%
Energy	Same weight	3.7%	3.7%
Utilities	Same weight	2.1%	2.1%

Country, concentration and asset class

Country by domicile

Country weights in ITOT and IWV, widest gap first
Country	Gap	ITOT	IWV
United States	Same weight	99.4%	99.4%
Switzerland	Same weight	0.3%	0.3%
Brazil	IWV +0.1 points	0.0%	0.1%
Canada	IWV +0.1 points	0.0%	0.1%
United Kingdom	Same weight	0.1%	0.1%
China	ITOT +0.1 points	0.1%	0.0%
Ireland	Same weight	0.0%	0.0%
Mexico	Same weight	0.0%	0.0%
Other countries (5)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

ITOT33.4%
IWV33.4%

Securities held

ITOT2,421
IWV2,580

Asset class

ITOT: Stocks
IWV: Stocks

Holdings

Only in ITOT94
In both2,327
Only in IWV253

Only in ITOT

94 securities, 0.5% of ITOT by weight

Seagate Technology Holdings PLC0.15%
Nxp Semiconductors NV0.09%
Te Connectivity PLC0.08%
Amrize AG0.03%
Autoliv0.01%
Erie Indemnity Class A0.01%
Venture Global Class A<0.01%
Snap Inc Class A<0.01%
Federated Hermes Inc Class B<0.01%
Warner Music Group Class A<0.01%
Skydance Shs Class B<0.01%
Octave Intelligence PLC Class B<0.01%
Netskope Class A<0.01%
Brady Nonvoting Class A<0.01%
Cerebras Systems Inc Class A<0.01%
Symbotic Class A<0.01%
Billiontoone Class A<0.01%
Levi Strauss Class A<0.01%
Arxis Class A<0.01%
Ionic Digital Inc Class A<0.01%
Madison Air Solutions Corp Class A<0.01%
Trulieve Cannabis Subordinate Voti<0.01%
Equipmentshare Com Inc Class A<0.01%
Solaredge Technologies<0.01%
Ezcorp Non Voting Inc Class A<0.01%
Uniqure<0.01%
Andersen Group Inc Class A<0.01%
Pcb Bancorp<0.01%
Uranium Royalty Corp<0.01%
Mobileye Global Inc Class A<0.01%
Twenty One Capital Inc Class A<0.01%
Securitize Corp<0.01%
Cb Financial Services Inc<0.01%
Tootsie Roll Industries<0.01%
Ethos Technologies Inc Class A<0.01%
Princeton Bancorp Inc<0.01%
First Western Financial Inc<0.01%
Array Digital Infrastructure Inc<0.01%
Norwood Financial Corp<0.01%
Alico Inc<0.01%
Obsidian Therapeutics Inc<0.01%
Freenome<0.01%
Atlanticus Holdings Corp<0.01%
Virginia National Bankshares Corp<0.01%
Senseonics Holdings Inc<0.01%
Oppenheimer Holdings Non Voting Class<0.01%
Contango Silver and Gold Inc<0.01%
Delcath Sys Inc<0.01%
Faeth Therapeutics Inc<0.01%
Artesian Resources Corp Class A<0.01%

Only in IWV

253 securities, 0.8% of IWV by weight

Spotify Technology0.13%
Anglogold Ashanti PLC0.07%
Nu Holdings Class A0.06%
Restaurants Brands International0.04%
Brookfield Asset Management Voting0.03%
Southern Copper Corp0.02%
Gfl Environmental Subordinate Voti0.02%
Viking Holdings Ltd0.02%
Ascendis Pharma0.02%
Jfrog0.02%
Qiagen0.01%
On Holding AG Class A0.01%
Millicom International Cellular0.01%
Iren0.01%
Ssr Mining<0.01%
Xp Class A Inc<0.01%
Amer Sports Inc<0.01%
Brookfield Infrastructure Corp Cla<0.01%
Amdocs<0.01%
Globalfoundries<0.01%
Brookfield Renewable Subordinate V<0.01%
Marex Group Ltd<0.01%
Golar Lng<0.01%
Jbs N V NV Class A<0.01%
Kiniksa Pharmaceuticals Internatio<0.01%
Scorpio Tankers<0.01%
Xenon Pharmaceuticals<0.01%
Dht Holdings<0.01%
Aura Minerals Inc<0.01%
Freedom Holding Corp<0.01%
Constellium SE Class A<0.01%
Aurinia Pharmaceuticals<0.01%
Novagold Resources Inc<0.01%
Bank of Nt Butterfield & Son Ltd<0.01%
Teekay Tankers Ltd Class A<0.01%
Brookfield Business Corp Class A<0.01%
Birkenstock Holding PLC<0.01%
Energy Fuels<0.01%
Globant<0.01%
Establishment Labs<0.01%
Almonty Industries<0.01%
Perpetua Resources<0.01%
Webull Corp Class A<0.01%
Dole PLC<0.01%
Imax<0.01%
Zymeworks<0.01%
Stoneco Class A<0.01%
Super Group Ltd<0.01%
Hamilton Insurance Group Class B<0.01%
Bladex Inc Class E<0.01%

Weight gaps

The 100 widest of 2,327 Holdings in both funds.

Holding weights in ITOT and IWV, widest gap first
Holding	Gap	ITOT	IWV
NVIDIANVDA	ITOT +0.17 points	6.32%	6.15%
Space Exploration Technologies CorSPCX	ITOT +0.14 points	0.26%	0.12%
Tesla IncTSLA	IWV +0.07 points	1.41%	1.48%
MicrosoftMSFT	IWV +0.06 points	5.51%	5.57%
ChevronCVX	ITOT +0.03 points	0.59%	0.56%
Intel CorporationINTC	ITOT +0.03 points	0.39%	0.36%
OracleORCL	ITOT +0.03 points	0.32%	0.29%
Broadcom IncAVGO	ITOT +0.02 points	1.95%	1.93%
JPMorgan Chase & CoJPM	IWV +0.02 points	1.24%	1.26%
Morgan StanleyMS	ITOT +0.01 points	0.30%	0.29%
BlackRockBLK	IWV +0.01 points	0.24%	0.25%
Alphabet Class CGOOG	IWV +0.02 points	1.89%	1.91%
Applovin Class AAPP	ITOT +0.02 points	0.15%	0.13%
Palantir Technologies Class APLTR	ITOT +0.02 points	0.52%	0.50%
Illinois Tool IncITW	IWV +0.01 points	0.10%	0.11%
James Hardie Industries PLCJHX	ITOT +0.01 points	0.02%	0.01%
Meta Platforms Class AMETA	IWV +0.01 points	1.88%	1.89%
Eli LillyLLY	IWV +0.01 points	1.52%	1.53%
Berkshire Hathaway Inc Class BBRK.B	IWV +0.01 points	1.49%	1.50%
Exxonmobil Holdings CorpXOM	IWV +0.01 points	0.95%	0.96%
Johnson & JohnsonJNJ	IWV +0.01 points	0.93%	0.94%
AbbVieABBV	IWV +0.01 points	0.72%	0.73%
Marathon PetroleumMPC	IWV +0.01 points	0.15%	0.16%
Amazon.com IncAMZN	ITOT +0.01 points	3.56%	3.55%
Lumentum HoldingsLITE	ITOT +0.01 points	0.07%	0.06%
UnitedHealth GroupUNH	IWV +0.01 points	0.49%	0.50%
Micron TechnologyMU	IWV +0.01 points	1.09%	1.10%
Apollo Global ManagementAPO	ITOT +0.01 points	0.08%	0.07%
Booking HoldingsBKNG	IWV +0.01 points	0.17%	0.18%
Medtronic PLCMDT	Same weight	0.18%	0.18%
Coca-ColaKO	IWV +0.01 points	0.52%	0.53%
Costco Wholesale CorpCOST	IWV +0.01 points	0.65%	0.66%
Merck & Co IncMRK	Same weight	0.51%	0.51%
Alphabet Class AGOOGL	Same weight	2.34%	2.34%
Cisco Systems IncCSCO	Same weight	0.52%	0.52%
ConocophillipsCOP	Same weight	0.23%	0.23%
Procter & GamblePG	Same weight	0.54%	0.54%
BoeingBA	Same weight	0.19%	0.19%
Digital Realty Trust ReitDLR	Same weight	0.09%	0.09%
Advanced Micro DevicesAMD	Same weight	1.03%	1.03%
Uber TechnologiesUBER	ITOT +0.01 points	0.20%	0.19%
Mastercard Class AMA	Same weight	0.74%	0.74%
Ingersoll RandIR	IWV +0.01 points	0.04%	0.05%
WalmartWMT	Same weight	0.78%	0.78%
Walt DisneyDIS	IWV +0.01 points	0.28%	0.29%
Thermo Fisher ScientificTMO	Same weight	0.36%	0.36%
Western Digital CorpWDC	Same weight	0.13%	0.13%
Ge VernovaGEV	Same weight	0.29%	0.29%
Ares Management Class AARES	Same weight	0.04%	0.04%
Verizon Communications IncVZ	Same weight	0.27%	0.27%
AppleAAPL	IWV +0.01 points	6.98%	6.99%
SalesforceCRM	Same weight	0.24%	0.24%
Mcdonalds CorpMCD	IWV +0.01 points	0.27%	0.28%
Coreweave Class ACRWV	ITOT +0.01 points	0.03%	0.02%
Philip Morris InternationalPM	IWV +0.01 points	0.43%	0.44%
Visa Class AV	Same weight	1.01%	1.01%
Wells FargoWFC	IWV +0.01 points	0.35%	0.36%
VistraVST	Same weight	0.06%	0.06%
Jackson Financial Class AJXN	Same weight	<0.01%	0.01%
LIFE360LIF	ITOT +0.01 points	<0.01%	<0.01%
Home DepotHD	Same weight	0.48%	0.48%
Eog ResourcesEOG	Same weight	0.11%	0.11%
Linde PLCLIN	IWV +0.01 points	0.33%	0.34%
Vivmark ResidentialVMRK	Same weight	0.07%	0.07%
DanaherDHR	IWV +0.01 points	0.20%	0.21%
AT&TT	ITOT +0.01 points	0.21%	0.20%
Karman Holdings IncKRMN	ITOT +0.01 points	<0.01%	<0.01%
Gilead SciencesGILD	Same weight	0.29%	0.29%
SnowflakeSNOW	Same weight	0.13%	0.13%
Marriott International Class AMAR	IWV +0.01 points	0.12%	0.13%
RtxRTX	Same weight	0.36%	0.36%
Bloom Energy Class ABE	Same weight	0.07%	0.07%
PepsicoPEP	Same weight	0.27%	0.27%
Charles SchwabSCHW	Same weight	0.21%	0.21%
Bunge Global SABG	Same weight	0.02%	0.02%
Pnc Financial Services GroupPNC	Same weight	0.13%	0.13%
General Dynamics CorpGD	Same weight	0.13%	0.13%
Fedex Freight Holding Company IncFDXF	Same weight	0.02%	0.02%
Keurig Dr Pepper IncKDP	Same weight	0.07%	0.07%
Amgen IncAMGN	Same weight	0.35%	0.35%
NateraNTRA	Same weight	0.06%	0.06%
Analog DevicesADI	Same weight	0.25%	0.25%
HeicoHEI	Same weight	0.02%	0.02%
Revolution MedicinesRVMD	Same weight	0.05%	0.05%
Royalty Pharma PLC Class ARPRX	Same weight	0.04%	0.04%
Lennar A Class ALEN	IWV +0.01 points	0.02%	0.03%
Central Bancompany Class ACBC	Same weight	<0.01%	<0.01%
Abbott LaboratoriesABT	Same weight	0.27%	0.27%
Monolithic Power Systems IncMPWR	Same weight	0.08%	0.08%
Hinge Health Class AHNGE	Same weight	<0.01%	<0.01%
Mondelez International Class AMDLZ	Same weight	0.12%	0.12%
Invesco LtdIVZ	ITOT +0.01 points	0.02%	0.01%
Principal Financial Group IncPFG	Same weight	0.03%	0.03%
Bank of AmericaBAC	Same weight	0.45%	0.45%
Accenture PLC Class AACN	IWV +0.01 points	0.22%	0.23%
Ge AerospaceGE	Same weight	0.47%	0.47%
Delta Air LinesDAL	IWV +0.01 points	0.07%	0.08%
Cme Group Class ACME	IWV +0.01 points	0.15%	0.16%
S&P GlobalSPGI	ITOT +0.01 points	0.20%	0.19%
CitigroupC	Same weight	0.28%	0.28%

All 2,435 ITOT holdings⁠All 2,588 IWV 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.

ITOT vs IWV Cost

Overpaying IWV vs ITOT

$3,517

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

ITOT 0.03%
$638
IWV 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

ITOT 0.03%
IWV 0.20%
Overpaying

Year by year

Year	ITOT	IWV	Overpaying
10	$55	$365	$310
20	$216	$1,421	$1,205
30	$638	$4,155	$3,517

Expense ratio

0.03%ITOT, cheaper
0.20%IWV

ITOT0.03%IWV0.20%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

ITOT 2nd cheapest of 10 funds

IWV 8th cheapest of 10 funds

ITOT vs IWV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): ITOT 1.02%, better; IWV 0.88%
Payout (12M): ITOT $1.69; IWV $3.79
Last payment: ITOT $0.45; IWV $1.00
Ex-dividend: ITOT Sep 15, 2026; IWV Sep 15, 2026
Paid on: ITOT Sep 18, 2026; IWV Sep 18, 2026
Frequency: ITOT Quarterly; IWV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

ITOTQuarterly · 40 paymentsAll ITOT payments⁠

IWVQuarterly · 39 paymentsAll IWV payments⁠

ITOT vs IWV Risk

Fall from peak · 5 years

ITOT
IWV

Risk facts

VolatilityStd dev, 3 years: ITOT 12.7%IWV 12.6%, better
Return per unit of riskSharpe ratio, 3 years: ITOT 1.36IWV 1.36
Worst fallMax drawdown, 5 years: ITOT −25.4%IWV −25.1%, better
Market sensitivityBeta, 5 years: ITOT 1.02IWV 1.02; Market = 1

ITOT and IWV in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026ITOT
Best ETFs
The cheap S&P 500 funds tied this year. Equal weight did not.
Updated Oct 2, 2026ITOT

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ITOT vs IWV

In short

Stated mandate

Why people hold it

Worth knowing

How ITOT and IWV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ITOT

Only in IWV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

The cheap S&P 500 funds tied this year. Equal weight did not.

How ITOT and IWV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ITOT

Only in IWV

Weight gaps