IUSV vs IWD: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

iShares Russell 1000 Value ETF

IWDANYSE Arca

Overlap

73.5%by weight

Expense ratio

IUSV −0.14pt a year

IUSV0.04%IWD0.18%

Avg volume · 30D

IWD 3.5×the volume

IUSV575KIWD2.01M

10Y return · a year

IUSV +0.4pt

IUSV+12.3%IWD+11.9%

IUSV vs IWD Performance

Oct 29, 2021 – Oct 30, 2026

+72.6%IUSV+72.9%IWD

Expense ratio: IUSV 0.04%, better; IWD 0.18%
Fund size: IUSV $28.5B; IWD $83.2B
1Y total return: IUSV +16.6%; IWD +28.4%, better
Yield (12M): IUSV 1.63%, better; IWD 1.37%
Holdings: IUSV 734; IWD 874
Avg volume (30D): IUSV 575K sh; IWD 2.01M sh, better
NAV per share: IUSV $115.73; IWD $258.68
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, IWD, with each pillar’s weight
Pillar	IUSV	IWD
Cost30% weight	A96Higher	B59
Mission25% weight	A88	A100Higher
Risk15% weight	B64	A79Higher
Tradability15% weight	A82	A96Higher
Holdings10% weight	C48Higher	C42
Durability5% weight	A79	A82Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV 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 ›

IUSV ranks 3rd and IWD 4th 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

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

IWDAiShares Russell 1000 Value ETF

In short

IUSV A value fund with a wider net: it tracks the S&P 900 Value Index, which screens S&P 500 and MidCap 400 stocks on book value, earnings and sales versus price. Roughly 700 names, 0.04% a year, running since 2000.

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

IUSV The fund seeks to track the S&P 900 Value Index, which represents large- and mid-capitalization U.S. value equities. Value characteristics are identified using book value, earnings, and sales relative to price.

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

IUSV Costs 0.04% a year, a fraction of the typical US value ETF, and level with the cheapest of its large peers like SCHV.
The index reaches past the S&P 500 into the S&P MidCap 400, so mid-cap value names come along. Large-cap-only rivals such as SCHV stop short of them.spindices.com
A 2000 vintage and now a multi-billion-dollar iShares Core holding: it trades actively, tracks its index closely, and pays quarterly.

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

IUSV S&P's style system splits the parent index by formula, and stocks with both value and growth traits can sit in each. This is the cheap half of the market, not a deep-value sleeve.spglobal.com spglobal.com 2
The screen is pure price ratios (book value, earnings, sales), with no profitability or quality filter, so cheap-for-a-reason names are part of the deal.spglobal.com
Holdings are float-market-cap weighted, so the biggest value names drive most of the movement.spglobal.com

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 IUSV profile⁠

Full IWD profile⁠

IUSV vs IWD Holdings

How IUSV and IWD differ

Overlap by weight

73.5%

Shared holdings make up 90.2% of IUSV and 84.3% of IWD.

Level by level

Holdings614 in both73.5%
Sector11 Sectors95.8%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in IUSV and IWD, widest gap first
Sector	More in IUSVMore in IWD	IUSV	IWD
Financials	IWD +2.8 points	15.5%	18.3%
Energy	IUSV +1.5 points	8.2%	6.7%
Consumer Staples	IUSV +1.2 points	8.8%	7.6%
Industrials	IUSV +0.7 points	11.2%	10.5%
Health Care	IWD +0.7 points	12.8%	13.5%
Utilities	IUSV +0.5 points	4.0%	3.5%
Communication	IWD +0.5 points	2.4%	2.9%
Consumer Discretionary	IWD +0.3 points	9.9%	10.2%
Materials	Same weight	3.5%	3.5%
Real Estate	Same weight	3.3%	3.3%
Technology	Same weight	20.2%	20.2%

Country, concentration and asset class

Country by domicile

Country weights in IUSV and IWD, widest gap first
Country	More in IUSVMore in IWD	IUSV	IWD
United States	IUSV +0.1 points	99.2%	99.1%
Switzerland	Same weight	0.5%	0.5%
United Kingdom	Same weight	0.1%	0.1%
Mexico	IWD +0.1 points	0.0%	0.1%
Ireland	Same weight	0.1%	0.1%
China	IUSV +0.1 points	0.1%	0.0%
Canada	Same weight	0.0%	0.0%
Brazil	Same weight	0.0%	0.0%
Other countries (5)	IWD +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
IWD29.3%

Securities held

IUSV731
IWD871

Asset class

IUSV: Equity
IWD: Equity

Holdings

Only in IUSV117
In both614
Only in IWD257

Only in IUSV

117 securities, 9.8% of IUSV by weight

Tesla Inc1.33%
Visa Class A0.98%
Texas Instrument0.85%
Mastercard Class A0.53%
Ge Aerospace0.47%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Lockheed Martin0.40%
Oracle0.34%
Marvell Technology0.28%
Cintas0.24%
Targa Resources0.21%
Nxp Semiconductors NV0.20%
Cencora0.20%
Seagate Technology Holdings PLC0.16%
Trane Technologies PLC0.13%
Servicenow0.13%
Microchip Technology Inc0.13%
Simon Property Group Reit Inc0.13%
Chipotle Mexican Grill0.12%
Airbnb Class A0.11%
Cadence Design Systems0.10%
Fortinet0.10%
Corning0.09%
Ares Management Class A0.09%
Darden Restaurants Inc0.08%
Carvana Class A0.07%
Autodesk0.07%
Texas Pacific Land0.06%
Te Connectivity PLC0.06%
Teradyne0.06%
Take Two Interactive Software0.05%
Dexcom Inc0.05%
Godaddy Class A0.05%
Gartner0.04%
Live Nation Entertainment0.04%
Axon Enterprise0.04%
Jabil0.04%
Umb Financial0.03%
Murphy Usa0.03%
Old National Bancorp0.03%
American Airlines Group0.03%
Pbf Energy Class A0.02%
Commercial Metals0.02%
Erie Indemnity Class A0.02%
Southwest Gas Holdings0.02%
Valley National0.02%
United Bankshares0.02%
Black Hills Corp0.02%
Terex0.02%

Only in IWD

257 securities, 15.7% of IWD by weight

Microsoft5.12%
Berkshire Hathaway Inc Class B2.67%
Rtx0.71%
Meta Platforms Class A0.65%
Welltower0.45%
Uber Technologies0.30%
Newmont0.30%
Oreilly Automotive Inc0.19%
Hca Healthcare0.18%
Cheniere Energy0.17%
Strategy Inc Class A0.12%
Carnival Corp Ltd0.10%
Monster Beverage0.10%
Okta Class A0.09%
Sunbelt Rentals Holdings Inc0.09%
Royal Caribbean Group0.09%
Transdigm Group0.08%
Flex Ltd0.08%
Coherent0.08%
Royalty Pharma PLC Class A0.07%
Twilio Class A0.07%
Zoom Communications Class A0.07%
Verisign0.07%
United Therapeutics0.07%
Markel Group0.06%
Marriott International Class A0.06%
Tenet Healthcare Corp0.06%
Ulta Beauty Inc0.06%
Interactive Brokers Group Inc Clas0.05%
Incyte Corp0.05%
Liberty Media Series C0.05%
Royal Gold0.05%
First Citizens Bancshares Class A0.05%
Sofi Technologies0.05%
Itt Inc0.05%
Api Group0.04%
First Solar0.04%
Rb Global0.04%
Technipfmc PLC0.04%
Ss and C Technologies Holdings0.04%
Gfl Environmental Subordinate Voti0.04%
Caci International Inc Class A0.04%
Lpl Financial Holdings0.04%
Medline Class A0.04%
Dynatrace Inc0.04%
Unity Software0.04%
Coeur Mining0.04%
Encompass Health0.04%
Tradeweb Markets Inc Class A0.03%
Circle Internet Group Inc Class A0.03%

Weight gaps

The 100 widest of 614 Holdings in both funds.

Holding weights in IUSV and IWD, widest gap first
Holding	More in IUSVMore in IWD	IUSV	IWD
Amazon.com IncAMZN	IWD +2.20 points	3.44%	5.64%
AppleAAPL	IUSV +1.78 points	7.81%	6.03%
JPMorgan Chase & CoJPM	IWD +1.49 points	0.89%	2.38%
Johnson & JohnsonJNJ	IWD +0.90 points	0.84%	1.74%
Home DepotHD	IUSV +0.79 points	1.02%	0.23%
Costco Wholesale CorpCOST	IUSV +0.72 points	1.39%	0.67%
Cisco Systems IncCSCO	IWD +0.49 points	0.60%	1.09%
Philip Morris InternationalPM	IWD +0.42 points	0.44%	0.86%
WalmartWMT	IUSV +0.40 points	1.71%	1.31%
Goldman Sachs GroupGS	IWD +0.40 points	0.28%	0.68%
AbbVieABBV	IWD +0.40 points	0.87%	1.27%
Exxonmobil Holdings CorpXOM	IUSV +0.35 points	2.39%	2.04%
Mckesson CorpMCK	IUSV +0.34 points	0.36%	0.02%
ChevronCVX	IUSV +0.29 points	1.44%	1.15%
Morgan StanleyMS	IWD +0.28 points	0.27%	0.55%
International Business Machines CoIBM	IWD +0.28 points	0.36%	0.64%
Gilead SciencesGILD	IWD +0.26 points	0.30%	0.56%
Adobe IncADBE	IUSV +0.23 points	0.31%	0.08%
BlackstoneBX	IUSV +0.23 points	0.28%	0.05%
Starbucks CorpSBUX	IUSV +0.23 points	0.37%	0.14%
Intel CorporationINTC	IUSV +0.22 points	1.01%	0.79%
Marathon PetroleumMPC	IUSV +0.22 points	0.39%	0.17%
Bank of AmericaBAC	IUSV +0.21 points	1.01%	0.80%
Coca-ColaKO	IWD +0.19 points	0.66%	0.85%
American Tower ReitAMT	IUSV +0.19 points	0.27%	0.08%
CitigroupC	IUSV +0.18 points	0.64%	0.46%
ProgressivePGR	IWD +0.18 points	0.18%	0.36%
Procter & GamblePG	IUSV +0.18 points	1.17%	0.99%
Merck & Co IncMRK	IUSV +0.17 points	1.15%	0.98%
Mcdonalds CorpMCD	IWD +0.16 points	0.32%	0.48%
Automatic Data Processing IncADP	IUSV +0.16 points	0.36%	0.20%
UnitedHealth GroupUNH	IUSV +0.16 points	1.13%	0.97%
Ww Grainger IncGWW	IUSV +0.16 points	0.18%	0.02%
FastenalFAST	IUSV +0.16 points	0.18%	0.03%
American ExpressAXP	IWD +0.14 points	0.17%	0.31%
PepsicoPEP	IUSV +0.14 points	0.58%	0.44%
Parker-HannifinPH	IWD +0.14 points	0.15%	0.30%
Cme Group Class ACME	IWD +0.14 points	0.15%	0.29%
Bank of New York Mellon CorpBNY	IWD +0.13 points	0.12%	0.25%
Analog DevicesADI	IUSV +0.13 points	0.63%	0.50%
Johnson Controls International PLCJCI	IWD +0.12 points	0.10%	0.22%
Eaton PLCETN	IUSV +0.13 points	0.45%	0.32%
Colgate-PalmoliveCL	IUSV +0.13 points	0.24%	0.11%
Constellation Energy CorpCEG	IWD +0.12 points	0.09%	0.21%
S&P GlobalSPGI	IWD +0.11 points	0.25%	0.36%
Motorola Solutions IncMSI	IUSV +0.12 points	0.25%	0.13%
Union PacificUNP	IUSV +0.12 points	0.56%	0.44%
Wells FargoWFC	IUSV +0.11 points	0.78%	0.67%
Thermo Fisher ScientificTMO	IUSV +0.12 points	0.80%	0.68%
BoeingBA	IUSV +0.12 points	0.24%	0.12%
General Dynamics CorpGD	IWD +0.11 points	0.14%	0.25%
Linde PLCLIN	IUSV +0.11 points	0.74%	0.63%
Keysight TechnologiesKEYS	IUSV +0.10 points	0.16%	0.06%
Boston ScientificBSX	IWD +0.10 points	0.06%	0.16%
Waste Management IncWM	IUSV +0.10 points	0.27%	0.17%
SalesforceCRM	IUSV +0.10 points	0.58%	0.48%
Dell Technologies Inc Class CDELL	IUSV +0.10 points	0.40%	0.30%
Cardinal HealthCAH	IUSV +0.10 points	0.18%	0.08%
Ross Stores IncROST	IUSV +0.10 points	0.12%	0.02%
Charles SchwabSCHW	IUSV +0.09 points	0.44%	0.35%
Valero Energy CorpVLO	IUSV +0.09 points	0.36%	0.27%
Sherwin WilliamsSHW	IUSV +0.09 points	0.24%	0.15%
QualcommQCOM	IUSV +0.09 points	0.55%	0.46%
DeereDE	IUSV +0.09 points	0.53%	0.44%
Walt DisneyDIS	IUSV +0.08 points	0.59%	0.51%
Abbott LaboratoriesABT	IUSV +0.08 points	0.57%	0.49%
Zoetis Inc Class AZTS	IUSV +0.08 points	0.10%	0.02%
StrykerSYK	IWD +0.09 points	0.18%	0.27%
Verizon Communications IncVZ	IUSV +0.09 points	0.58%	0.49%
PfizerPFE	IUSV +0.08 points	0.54%	0.46%
Nextera EnergyNEE	IUSV +0.08 points	0.54%	0.46%
ConocophillipsCOP	IUSV +0.07 points	0.57%	0.50%
AT&TT	IUSV +0.08 points	0.46%	0.38%
3MMMM	IUSV +0.08 points	0.28%	0.20%
Illinois Tool IncITW	IUSV +0.07 points	0.22%	0.15%
Accenture PLC Class AACN	IUSV +0.07 points	0.49%	0.42%
Phillips 66PSX	IUSV +0.07 points	0.35%	0.28%
SyscoSYY	IUSV +0.07 points	0.12%	0.05%
Veeva Systems Class AVEEV	IWD +0.06 points	0.06%	0.12%
Vertex PharmaceuticalsVRTX	IUSV +0.06 points	0.44%	0.38%
Capital One Financial CorpCOF	IUSV +0.06 points	0.39%	0.33%
DanaherDHR	IUSV +0.06 points	0.45%	0.39%
AutozoneAZO	IWD +0.06 points	0.06%	0.12%
EbayEBAY	IWD +0.06 points	0.04%	0.10%
Altria Group IncMO	IUSV +0.06 points	0.40%	0.34%
Bristol Myers SquibbBMY	IUSV +0.06 points	0.40%	0.34%
ChubbCB	IUSV +0.06 points	0.40%	0.34%
Prologis ReitPLD	IUSV +0.06 points	0.38%	0.32%
Amgen IncAMGN	IUSV +0.06 points	0.25%	0.19%
Netapp IncNTAP	IUSV +0.05 points	0.12%	0.07%
Lowes Companies IncLOW	IUSV +0.05 points	0.36%	0.31%
Medtronic PLCMDT	IUSV +0.06 points	0.37%	0.31%
Cvs HealthCVS	IUSV +0.05 points	0.36%	0.31%
BlackRockBLK	IUSV +0.05 points	0.51%	0.46%
Edwards LifesciencesEW	IWD +0.05 points	0.09%	0.14%
Ventas ReitVTR	IWD +0.05 points	0.06%	0.11%
SouthernSO	IUSV +0.05 points	0.33%	0.28%
United RentalsURI	IWD +0.05 points	0.10%	0.15%
Apollo Global ManagementAPO	IWD +0.05 points	0.08%	0.13%
SynopsysSNPS	IUSV +0.05 points	0.28%	0.23%

All 732 IUSV 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.

IUSV vs IWD Cost

Overpaying IWD vs IUSV

$2,900

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

IUSV 0.04%
$849
IWD 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
IWD 0.18%
Overpaying

Year by year

Year	IUSV	IWD	Overpaying
10	$73	$328	$255
20	$288	$1,281	$993
30	$849	$3,749	$2,900

Expense ratio

0.04%IUSV, cheaper
0.18%IWD

IUSV0.04%IWD0.18%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

IWD 16th cheapest of 40 funds

IUSV vs IWD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%, better; IWD 1.37%
Payout (12M): IUSV $1.89; IWD $3.53
Last payment: IUSV $0.49; IWD $0.93
Ex-dividend: IUSV Sep 15, 2026; IWD Sep 15, 2026
Paid on: IUSV Sep 18, 2026; IWD Sep 18, 2026
Frequency: IUSV Quarterly; IWD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

IWDQuarterly · 39 paymentsAll IWD payments⁠

IUSV vs IWD Risk

Fall from peak · 5 years

IUSV
IWD

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%, betterIWD 12.1%
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15IWD 1.42, better
Worst fallMax drawdown, 5 years: IUSV −17.9%, betterIWD −19.0%
Market sensitivityBeta, 5 years: IUSV 0.85IWD 0.85; Market = 1

IUSV and IWD in the news

All news⁠

Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IUSVIWD
Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026IWD
Head-to-Head
IWD vs VBR: a lower fee does not buy the other value portfolio
12 hours agoIWD
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026IWD
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IWD
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026IWD

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