IWD vs IWN: Grades, Fees and Holdings Compared

iShares Russell 1000 Value ETF

IWDANYSE Arca

iShares Russell 2000 Value ETF

IWNBNYSE Arca

Overlap

0.1%by weight

Expense ratio

IWD −0.06pt a year

IWD0.18%IWN0.24%

Avg volume · 30D

IWD 3.2×the volume

IWD2.01MIWN628K

10Y return · a year

IWD +2.1pt

IWD+11.9%IWN+9.8%

IWD vs IWN Performance

Oct 29, 2021 – Oct 30, 2026

+72.9%IWD+41.9%IWN

Expense ratio: IWD 0.18%, better; IWN 0.24%
Fund size: IWD $83.2B; IWN $14.1B
1Y total return: IWD +28.4%, better; IWN +23.1%
Yield (12M): IWD 1.37%; IWN 1.52%, better
Holdings: IWD 874; IWN 1402
Avg volume (30D): IWD 2.01M sh, better; IWN 628K sh
NAV per share: IWD $258.68; IWN $214.58
52W range

ETF.net Grade

Pillar letters and Scores for IWD, IWN, with each pillar’s weight
Pillar	IWD	IWN
Cost30% weight	B59Higher	C42
Mission25% weight	A100Higher	A89
Risk15% weight	A79Higher	D26
Tradability15% weight	A96Higher	A80
Holdings10% weight	C42	A86Higher
Durability5% weight	A82Higher	A74

Rank among US Value Index funds

How we build Categories ›

Same Category. IWD and IWN 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 IWN 14th 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 14BDFUVDimensional US Marketwide Value ETFScore 63
Rank 14BIWNiShares Russell 2000 Value ETFScore 63
Rank 16BFELVFidelity Enhanced Large Cap Value ETF Score 60

Our read on each fund

ETF.net Research

IWDAiShares Russell 1000 Value ETF

IWNBiShares Russell 2000 Value ETF

In short

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.

IWN No data

Stated mandate

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

IWN No data

Why people hold it

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.

IWN No data

Worth knowing

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.

IWN No data

Full IWD profile⁠

Full IWN profile⁠

IWD vs IWN Holdings

How IWD and IWN differ

Overlap by weight

0.1%

Shared holdings make up 0.2% of IWN and 0.1% of IWD.

Level by level

Holdings0 in both0.1%
Sector11 Sectors78.9%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in IWD and IWN, widest gap first
Sector	More in IWDMore in IWN	IWD	IWN
Technology	IWD +13.0 points	20.2%	7.2%
Financials	IWN +10.4 points	18.3%	28.7%
Real Estate	IWN +5.8 points	3.3%	9.1%
Consumer Staples	IWD +5.3 points	7.6%	2.3%
Utilities	IWN +1.9 points	3.5%	5.4%
Energy	IWN +1.7 points	6.7%	8.4%
Consumer Discretionary	IWD +1.2 points	10.2%	9.0%
Health Care	IWD +1.1 points	13.5%	12.4%
Industrials	IWN +0.8 points	10.5%	11.3%
Communication	IWD +0.6 points	2.9%	2.3%
Materials	IWN +0.4 points	3.5%	3.9%

Country, concentration and asset class

Country by domicile

Country weights in IWD and IWN, widest gap first
Country	More in IWDMore in IWN	IWD	IWN
United States	IWD +1.0 points	99.1%	98.1%
Brazil	IWN +1.1 points	0.0%	1.1%
Other countries (11)	IWN +0.1 points	0.8%	0.9%

Concentration

Weight in the 10 largest Holdings

IWD29.3%
IWN5.6%

Securities held

IWD871
IWN1,400

Asset class

IWD: Equity
IWN: Equity

Holdings

Only in IWD871
In both0
Only in IWN1,400

Only in IWD

871 securities, 99.8% of IWD by weight

Apple6.03%
Amazon.com Inc5.64%
Microsoft5.12%
Berkshire Hathaway Inc Class B2.67%
JPMorgan Chase & Co2.38%
Exxonmobil Holdings Corp2.04%
Johnson & Johnson1.74%
Walmart1.31%
AbbVie1.27%
Chevron1.15%
Cisco Systems Inc1.09%
Procter & Gamble0.99%
Merck & Co Inc0.98%
UnitedHealth Group0.97%
Philip Morris International0.86%
Coca-Cola0.85%
Bank of America0.80%
Intel Corporation0.79%
Rtx0.71%
Thermo Fisher Scientific0.68%
Goldman Sachs Group0.68%
Costco Wholesale Corp0.67%
Wells Fargo0.67%
Meta Platforms Class A0.65%
International Business Machines Co0.64%
Linde PLC0.63%
Gilead Sciences0.56%
Morgan Stanley0.55%
Walt Disney0.51%
Analog Devices0.50%
Conocophillips0.50%
Verizon Communications Inc0.49%
Abbott Laboratories0.49%
Mcdonalds Corp0.48%
Salesforce0.48%
BlackRock0.46%
Nextera Energy0.46%
Qualcomm0.46%
Pfizer0.46%
Citigroup0.46%
Welltower0.45%
Union Pacific0.44%
Deere0.44%
Pepsico0.44%
Accenture PLC Class A0.42%
Danaher0.39%
AT&T0.38%
Vertex Pharmaceuticals0.38%
S&P Global0.36%
Progressive0.36%

Only in IWN

1,400 securities, 99.8% of IWN by weight

Viasat Inc0.66%
Sm Energy0.62%
Umb Financial0.61%
Jackson Financial Class A0.59%
Caretrust Reit0.58%
Old National Bancorp0.52%
Pbf Energy Class A0.52%
Cytokinetics0.51%
Macerich Reit0.47%
Terreno Realty Reit0.47%
Southwest Gas Holdings0.46%
Transocean0.46%
Matson Inc0.46%
Life Time Group Holdings0.45%
United Bankshares0.44%
Txnm Energy Inc0.43%
Terex0.43%
Black Hills Corp0.43%
Murphy Oil0.41%
Selective Insurance Group0.40%
Hancock Whitney0.40%
Essent Group0.40%
Gatx0.40%
Commercial Metals0.40%
Grail Inc0.40%
Essential Properties Realty Trust0.39%
Home Bancshares Inc0.39%
Jbt Marel0.39%
Atlantic Union Bankshares0.37%
New Jersey Resources Corp0.37%
Cnx Resources0.36%
Cno Financial Group0.36%
Ameris Bancorp0.36%
Portland General Electric0.35%
Insight Enterprises Inc0.35%
Minimed Inc0.35%
Spire Inc0.35%
Valley National0.35%
Ormat Tech Inc0.35%
Kite Realty Group Trust Reit0.34%
Ssr Mining0.34%
Phillips Edison and Company0.34%
Glacier Bancorp Inc0.34%
Associated Bancorp0.34%
Sabra Health Care Reit0.34%
Northwestern Energy Group0.34%
One Gas0.34%
Valaris Ltd0.34%
Patterson Uti Energy Inc0.33%
Radian Group0.32%

Weight gaps

IWD and IWN share no securities.

All 871 IWD holdings⁠All 1,405 IWN 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.

IWD vs IWN Cost

Overpaying IWN vs IWD

$1,210

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

IWD 0.18%
$3,749
IWN 0.24%
$4,959

Amount$10,000

Years30 years

Cost over time

IWD 0.18%
IWN 0.24%
Overpaying

Year by year

Year	IWD	IWN	Overpaying
10	$328	$437	$109
20	$1,281	$1,699	$418
30	$3,749	$4,959	$1,210

Expense ratio

0.18%IWD, cheaper
0.24%IWN

IWD0.18%IWN0.24%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IWD 16th cheapest of 40 funds

IWN 24th cheapest of 40 funds

IWD vs IWN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWD 1.37%; IWN 1.52%, better
Payout (12M): IWD $3.53; IWN $3.25
Last payment: IWD $0.93; IWN $0.88
Ex-dividend: IWD Sep 15, 2026; IWN Sep 15, 2026
Paid on: IWD Sep 18, 2026; IWN Sep 18, 2026
Frequency: IWD Quarterly; IWN Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠

IWNQuarterly · 39 paymentsAll IWN payments⁠

IWD vs IWN Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IWD 12.1%, betterIWN 18.4%
Return per unit of riskSharpe ratio, 3 years: IWD 1.42, betterIWN 0.90
Worst fallMax drawdown, 5 years: IWD −19.0%, betterIWN −26.7%
Market sensitivityBeta, 5 years: IWD 0.85IWN 1.05; Market = 1

IWD and IWN 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, 2026IWDIWN
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

Popular comparisons

IWDAvsSCHVA
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Expense ratio
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IWNBvsSCHVA
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iShares Russell 1000 Value ETF · iShares Core S&P U.S. Value ETF
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IWD vs IWN

In short

Stated mandate

Why people hold it