IWB vs XOEF: Grades, Fees and Holdings Compared

iShares Russell 1000 ETF

IWBANYSE Arca

iShares S&P 500 ex S&P 100 ETF

XOEFBNYSE Arca

Overlap

24.5%by weight

Expense ratio

IWB −0.05pt a year

IWB0.15%XOEF0.20%

Avg volume · 30D

IWB 121.5×the volume

IWB491KXOEF4.04K

IWB vs XOEF Performance

Nov 7, 2025 – Nov 9, 2026

+13.3%IWB+19.7%XOEF

Expense ratio: IWB 0.15%, better; XOEF 0.20%
Fund size: IWB $46.6B; XOEF $22M
1Y total return: IWB +13.3%; XOEF +19.7%, better
Yield (12M): IWB 0.93%; XOEF 1.09%, better
Holdings: IWB 1026; XOEF 406
Avg volume (30D): IWB 491K sh, better; XOEF 4.04K sh
NAV per share: IWB $402.52; XOEF $29.12
52W range

ETF.net Grade

Pillar letters and Scores for IWB, XOEF, with each pillar’s weight
Pillar	IWB	XOEF
Cost30% weight	B63Higher	C50
Mission25% weight	A100Higher	A81
Risk15% weight	C52	B69Higher
Tradability15% weight	A96Higher	C46
Holdings10% weight	A75	A76Higher
Durability5% weight	A92Higher	D31

Rank among US Large-Cap funds

How we build Categories ›

Same Category. IWB and XOEF are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

IWB ranks 4th and XOEF 13th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 81
Rank 4AIWBiShares Russell 1000 ETFScore 78
Rank 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 12BIQSUNYLI Candriam U.S. Large Cap Equity ETFScore 63
Rank 13BXOEFiShares S&P 500 ex S&P 100 ETFScore 61
Rank 14BFEXFirst Trust Large Cap Core AlphaDEX FundScore 60

Our read on each fund

ETF.net Research

IWBAiShares Russell 1000 ETF

XOEFBiShares S&P 500 ex S&P 100 ETF

In short

IWB The Russell 1000 in one ticker: US large caps plus the mid-cap tier underneath them. IWB has tracked that index since 2000, making it the veteran of the group, though newer clones now chase the same benchmark for less.

XOEF The S&P 500 with its 100 biggest members cut out. XOEF holds the index's remaining large caps at capped weights, turning mega-cap concentration from a fact of life into a dial you set yourself.

Stated mandate

IWB The fund seeks to track the Russell 1000 Index and provides broad exposure to U.S. large- and mid-cap stocks.

XOEF The Fund seeks to track the S&P 500 ex-S&P 100 Select Index, which represents capped, large-capitalization U.S. equities in the S&P 500 Index after excluding S&P 100 constituents. It uses an indexing approach and representative sampling.

Why people hold it

IWB One holding covers the Russell 1000, broad exposure to US large- and mid-cap stocks, so the megacap names and the tier below them arrive together.ishares.com
Trading since May 2000 and still actively traded, which is what keeps bid-ask spreads thin for everyday buyers.
Follows its index very closely, one of the tightest index-following records in its large-cap peer group.
A multi-billion-dollar iShares fund with a quarterly distribution schedule and no exotic structure: a plain 1940 Act ETF.

XOEF Owns the S&P 500 minus the S&P 100: roughly 400 large caps, capped weights, no trillion-dollar name setting the tone.
iShares built it as a building block. Pair it with the iShares S&P 100 ETF and you can reassemble the S&P 500 at whatever mega-cap weight you choose.blackrock.com
Plain index plumbing: a published S&P index, representative sampling, quarterly distributions.

Worth knowing

IWB At 0.15% a year it sits above the peer median. VONE tracks the same Russell 1000 for 0.06%, and SCHX and VV run large-cap core mandates at 0.03%.
All equity, all US. There are no bonds or overseas names inside to soften a domestic large-cap drawdown.

XOEF At 0.20% it runs above the large-cap index median, and well above the 0.03% on broad core options like SCHX and VV.
A 2025 launch with a small asset base and light trading, so spreads can run wider than the household-name large-cap funds.
Cutting the 100 largest companies means this is a different market from the full S&P 500. Results separate any time mega caps move on their own.

Full IWB profile⁠

Full XOEF profile⁠

IWB vs XOEF Holdings

How IWB and XOEF differ

Overlap by weight

24.5%

Shared holdings make up 98.5% of XOEF and 24.5% of IWB.

Level by level

Sector29 Sectors21.3%
Holdings398 in both24.5%
Countryby domicile98.6%
Asset classStocks100%

Sector

Sector weights in IWB and XOEF, widest gap first
Sector	Gap	IWB	XOEF
Technology	IWB +36.5 points	36.5%	0.0%
Capital Goods	XOEF +12.0 points	0.0%	12.0%
Health Care	IWB +10.4 points	10.4%	0.0%
Industrials	IWB +8.5 points	8.5%	0.0%
Communication	IWB +8.2 points	8.2%	0.0%
Health Care Equipment & Services	XOEF +7.4 points	0.0%	7.4%
Insurance	XOEF +6.4 points	0.0%	6.4%
Tech Hardware & Equip	XOEF +6.2 points	0.0%	6.2%
Consumer Discretionary	IWB +6.1 points	9.4%	3.3%
Software & Services	XOEF +5.4 points	0.0%	5.4%
Consumer Staples	IWB +4.8 points	4.8%	0.0%
Semiconductors & Semiconductor Equipment	XOEF +4.5 points	0.0%	4.5%
Financials	IWB +4.2 points	12.2%	8.0%
Pharma, Biotech & Life Sciences	XOEF +4.2 points	0.0%	4.2%
Real Estate	XOEF +4.1 points	2.1%	6.2%
Consumer Services	XOEF +3.7 points	0.0%	3.7%
Utilities	XOEF +3.6 points	2.1%	5.7%
Materials	XOEF +3.4 points	1.8%	5.2%
Commercial & Professional Services	XOEF +3.2 points	0.0%	3.2%
Transportation	XOEF +2.2 points	0.0%	2.2%
Food Bevg Tobacco	XOEF +2.1 points	0.0%	2.1%
Banks	XOEF +1.9 points	0.0%	1.9%
Energy	XOEF +1.8 points	4.0%	5.8%
Media & Entertainment	XOEF +1.7 points	0.0%	1.7%
Consumer Durables	XOEF +1.6 points	0.0%	1.6%
Consumer Staples Distribution & Retail	XOEF +1.3 points	0.0%	1.3%
Household & Personal Prod	XOEF +1.2 points	0.0%	1.2%
Autos & Components	XOEF +0.3 points	0.0%	0.3%
Real Estate Management & Development	XOEF +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in IWB and XOEF, widest gap first
Country	Gap	IWB	XOEF
United States	IWB +1.2 points	99.4%	98.2%
Switzerland	XOEF +0.7 points	0.3%	1.0%
Other countries (9)	XOEF +0.5 points	0.3%	0.8%

Concentration

Weight in the 10 largest Holdings

IWB34.7%
XOEF9.6%

Securities held

IWB1,022
XOEF403

Asset class

IWB: Stocks
XOEF: Stocks

Holdings

Only in IWB624
In both398
Only in XOEF5

Only in IWB

624 securities, 75.3% of IWB by weight

Apple7.28%
NVIDIA6.40%
Microsoft5.79%
Amazon.com Inc3.70%
Alphabet Class A2.44%
Broadcom Inc2.01%
Alphabet Class C1.98%
Meta Platforms Class A1.97%
Eli Lilly1.59%
Berkshire Hathaway Inc Class B1.56%
Tesla Inc1.54%
JPMorgan Chase & Co1.31%
Micron Technology1.14%
Advanced Micro Devices1.07%
Visa Class A1.05%
Exxonmobil Holdings Corp1.00%
Johnson & Johnson0.98%
Walmart0.81%
Mastercard Class A0.78%
AbbVie0.76%
Costco Wholesale Corp0.69%
Chevron0.58%
Procter & Gamble0.57%
Coca-Cola0.55%
Cisco Systems Inc0.55%
Merck & Co Inc0.53%
Palantir Technologies Class A0.52%
UnitedHealth Group0.52%
Home Depot0.50%
Ge Aerospace0.49%
Bank of America0.47%
Philip Morris International0.45%
Applied Material Inc0.39%
Netflix0.39%
Thermo Fisher Scientific0.38%
Intel Corporation0.38%
Rtx0.38%
Wells Fargo0.37%
Caterpillar Inc0.37%
Palo Alto Networks0.37%
Texas Instrument0.37%
Lam Research0.37%
Goldman Sachs Group0.37%
Amgen Inc0.37%
Linde PLC0.35%
International Business Machines Co0.34%
Ge Vernova0.31%
Gilead Sciences0.31%
Oracle0.30%
Morgan Stanley0.30%

Only in XOEF

5 securities, 1.4% of XOEF by weight

Seagate Technology Holdings PLC0.61%
Nxp Semiconductors NV0.37%
Te Connectivity PLC0.35%
Erie Indemnity Class A0.04%
Skydance Shs Class B0.03%

Weight gaps

The 100 widest of 398 Holdings in both funds.

Holding weights in IWB and XOEF, widest gap first
Holding	Gap	IWB	XOEF
Crowdstrike Holdings Class ACRWD	XOEF +0.98 points	0.32%	1.30%
Amphenol Corp Class AAPH	XOEF +0.81 points	0.27%	1.08%
KlaKLAC	XOEF +0.79 points	0.27%	1.06%
Analog DevicesADI	XOEF +0.78 points	0.26%	1.04%
WelltowerWELL	XOEF +0.78 points	0.26%	1.04%
TjxTJX	XOEF +0.66 points	0.22%	0.88%
S&P GlobalSPGI	XOEF +0.63 points	0.20%	0.83%
Vertex PharmaceuticalsVRTX	XOEF +0.62 points	0.20%	0.82%
Eaton PLCETN	XOEF +0.58 points	0.20%	0.78%
ProgressivePGR	XOEF +0.58 points	0.20%	0.78%
ChubbCB	XOEF +0.57 points	0.19%	0.76%
NewmontNEM	XOEF +0.56 points	0.19%	0.75%
Marvell TechnologyMRVL	XOEF +0.55 points	0.18%	0.73%
Mckesson CorpMCK	XOEF +0.55 points	0.18%	0.73%
Prologis ReitPLD	XOEF +0.53 points	0.18%	0.71%
Automatic Data Processing IncADP	XOEF +0.53 points	0.18%	0.71%
Parker-HannifinPH	XOEF +0.51 points	0.17%	0.68%
StrykerSYK	XOEF +0.50 points	0.17%	0.67%
Applovin Class AAPP	XOEF +0.49 points	0.14%	0.63%
Cme Group Class ACME	XOEF +0.49 points	0.16%	0.65%
Marathon PetroleumMPC	XOEF +0.45 points	0.16%	0.61%
Equinix ReitEQIX	XOEF +0.44 points	0.15%	0.59%
Valero Energy CorpVLO	XOEF +0.44 points	0.15%	0.59%
Phillips 66PSX	XOEF +0.44 points	0.14%	0.58%
MarshMRSH	XOEF +0.43 points	0.15%	0.58%
Intercontinental Exchange IncICE	XOEF +0.43 points	0.14%	0.57%
Western Digital CorpWDC	XOEF +0.43 points	0.13%	0.56%
ModernaMRNA	XOEF +0.42 points	0.14%	0.56%
Elevance Health IncELV	XOEF +0.40 points	0.14%	0.54%
CsxCSX	XOEF +0.41 points	0.13%	0.54%
BlackstoneBX	XOEF +0.40 points	0.13%	0.53%
Pnc Financial Services GroupPNC	XOEF +0.40 points	0.13%	0.53%
Marriott International Class AMAR	XOEF +0.40 points	0.13%	0.53%
Regeneron PharmaceuticalsREGN	XOEF +0.39 points	0.13%	0.52%
Waste Management IncWM	XOEF +0.39 points	0.13%	0.52%
Cadence Design SystemsCDNS	XOEF +0.39 points	0.13%	0.52%
Trane Technologies PLCTT	XOEF +0.39 points	0.13%	0.52%
SynopsysSNPS	XOEF +0.39 points	0.12%	0.51%
Freeport Mcmoran IncFCX	XOEF +0.37 points	0.13%	0.50%
Motorola Solutions IncMSI	XOEF +0.37 points	0.13%	0.50%
CorningGLW	XOEF +0.37 points	0.12%	0.49%
Constellation Energy CorpCEG	XOEF +0.37 points	0.12%	0.49%
Hilton Worldwide HoldingsHLT	XOEF +0.37 points	0.12%	0.49%
Travelers CompaniesTRV	XOEF +0.37 points	0.12%	0.49%
Howmet AerospaceHWM	XOEF +0.36 points	0.12%	0.48%
Johnson Controls International PLCJCI	XOEF +0.36 points	0.12%	0.48%
Quanta Services IncPWR	XOEF +0.36 points	0.12%	0.48%
Royal Caribbean GroupRCL	XOEF +0.36 points	0.12%	0.48%
Airbnb Class AABNB	XOEF +0.35 points	0.12%	0.47%
WilliamsWMB	XOEF +0.35 points	0.11%	0.46%
Sherwin WilliamsSHW	XOEF +0.34 points	0.12%	0.46%
CignaCI	XOEF +0.35 points	0.11%	0.46%
Colgate-PalmoliveCL	XOEF +0.34 points	0.11%	0.45%
EcolabECL	XOEF +0.34 points	0.11%	0.45%
Eog ResourcesEOG	XOEF +0.33 points	0.12%	0.45%
CintasCTAS	XOEF +0.34 points	0.11%	0.45%
Moodys CorpMCO	XOEF +0.33 points	0.11%	0.44%
Simon Property Group Reit IncSPG	XOEF +0.33 points	0.11%	0.44%
Ross Stores IncROST	XOEF +0.32 points	0.11%	0.43%
SlbSLB	XOEF +0.33 points	0.11%	0.44%
FortinetFTNT	XOEF +0.32 points	0.11%	0.43%
Oreilly Automotive IncORLY	XOEF +0.32 points	0.11%	0.43%
Hca HealthcareHCA	XOEF +0.32 points	0.11%	0.43%
Arthur J GallagherAJG	XOEF +0.32 points	0.11%	0.43%
Target CorpTGT	XOEF +0.31 points	0.11%	0.42%
Norfolk Southern CorpNSC	XOEF +0.31 points	0.11%	0.42%
Aon PLC Class AAON	XOEF +0.32 points	0.10%	0.42%
Vertiv Holdings Class AVRT	XOEF +0.31 points	0.10%	0.41%
Illinois Tool IncITW	XOEF +0.31 points	0.12%	0.43%
Northrop Grumman CorpNOC	XOEF +0.31 points	0.10%	0.41%
Honeywell International IncHON	XOEF +0.31 points	0.10%	0.41%
American Electric Power IncAEP	XOEF +0.31 points	0.10%	0.41%
Air Products and ChemicalsAPD	XOEF +0.30 points	0.10%	0.40%
Doordash Class ADASH	XOEF +0.30 points	0.10%	0.40%
Kkr and Co IncKKR	XOEF +0.29 points	0.10%	0.39%
Kimberly ClarkKMB	XOEF +0.29 points	0.10%	0.39%
Monster BeverageMNST	XOEF +0.30 points	0.09%	0.39%
Transdigm GroupTDG	XOEF +0.29 points	0.10%	0.39%
United RentalsURI	XOEF +0.29 points	0.10%	0.39%
Robinhood Markets Class AHOOD	XOEF +0.29 points	0.09%	0.38%
CencoraCOR	XOEF +0.29 points	0.09%	0.38%
Allstate CorpALL	XOEF +0.28 points	0.10%	0.38%
Cardinal HealthCAH	XOEF +0.28 points	0.09%	0.37%
Crh Public Limited PLCCRH	XOEF +0.28 points	0.09%	0.37%
Cummins IncCMI	XOEF +0.27 points	0.09%	0.36%
Boston ScientificBSX	XOEF +0.28 points	0.09%	0.37%
Ww Grainger IncGWW	XOEF +0.27 points	0.09%	0.36%
Truist FinancialTFC	XOEF +0.27 points	0.09%	0.36%
Dominion EnergyD	XOEF +0.27 points	0.09%	0.36%
Digital Realty Trust ReitDLR	XOEF +0.27 points	0.09%	0.36%
FastenalFAST	XOEF +0.27 points	0.09%	0.36%
Datadog Inc Class ADDOG	XOEF +0.26 points	0.09%	0.35%
Hewlett Packard EnterpriseHPE	XOEF +0.26 points	0.09%	0.35%
Monolithic Power Systems IncMPWR	XOEF +0.26 points	0.08%	0.34%
Kinder MorganKMI	XOEF +0.26 points	0.09%	0.35%
Edwards LifesciencesEW	XOEF +0.25 points	0.09%	0.34%
Becton DickinsonBDX	XOEF +0.25 points	0.09%	0.34%
Apollo Global ManagementAPO	XOEF +0.25 points	0.07%	0.32%
Targa ResourcesTRGP	XOEF +0.25 points	0.08%	0.33%
Public Storage ReitPSA	XOEF +0.25 points	0.08%	0.33%

All 1,023 IWB holdings⁠All 403 XOEF 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.

IWB vs XOEF Cost

Overpaying XOEF vs IWB

$1,018

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

IWB 0.15%
$3,137
XOEF 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

IWB 0.15%
XOEF 0.20%
Overpaying

Year by year

Year	IWB	XOEF	Overpaying
10	$274	$365	$91
20	$1,071	$1,421	$350
30	$3,137	$4,155	$1,018

Expense ratio

0.15%IWB, cheaper
0.20%XOEF

IWB0.15%XOEF0.20%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

IWB 11th cheapest of 29 funds

XOEF 15th cheapest of 29 funds

IWB vs XOEF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IWB 0.93%; XOEF 1.09%, better
Payout (12M): IWB $3.81; XOEF $0.33
Last payment: IWB $1.01; XOEF $0.09
Ex-dividend: IWB Sep 15, 2026; XOEF Sep 15, 2026
Paid on: IWB Sep 18, 2026; XOEF Sep 18, 2026
Frequency: IWB Quarterly; XOEF Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWBQuarterly · 39 paymentsAll IWB payments⁠

XOEFQuarterly · 5 paymentsAll XOEF payments⁠

IWB vs XOEF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IWB 12.5%XOEF 11.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years: IWB 1.39XOEF 1.13since Aug 2025
Worst fallMax drawdown, 5 years: IWB −25.2%XOEF −7.7%since Jul 2025
Market sensitivityBeta, 5 years: IWB 1.01XOEF 0.63; Market = 1

IWB and XOEF in the news

All news⁠

Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026IWB

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IWB vs XOEF

In short

Stated mandate

Why people hold it

Worth knowing

How IWB and XOEF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWB

Only in XOEF

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How IWB and XOEF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWB

Only in XOEF

Weight gaps