IWD vs IWS: Grades, Fees and Holdings Compared

iShares Russell 1000 Value ETF

IWDANYSE Arca

iShares Russell Mid-Cap Value ETF

IWSBNYSE Arca

Overlap

27.5%by weight

Expense ratio

IWD −0.05pt a year

IWD0.18%IWS0.23%

Avg volume · 30D

IWD 4.1×the volume

IWD2.01MIWS490K

10Y return · a year

IWD +1.2pt

IWD+12.1%IWS+10.9%

IWD vs IWS Performance

Nov 2, 2021 – Nov 2, 2026

+72.0%IWD+54.1%IWS

Expense ratio: IWD 0.18%, better; IWS 0.23%
Fund size: IWD $83.2B; IWS $14.9B
1Y total return: IWD +28.8%, better; IWS +25.6%
Yield (12M): IWD 1.36%, better; IWS 1.29%
Holdings: IWD 874; IWS 722
Avg volume (30D): IWD 2.01M sh, better; IWS 490K sh
NAV per share: IWD $258.68; IWS $170.03
52W range

ETF.net Grade

Pillar letters and Scores for IWD, IWS, with each pillar’s weight
Pillar	IWD	IWS
Cost30% weight	B59Higher	C42
Mission25% weight	A100	A100
Risk15% weight	A79Higher	C47
Tradability15% weight	A97Higher	A79
Holdings10% weight	C42	A79Higher
Durability5% weight	A82Higher	A74

Rank among US Value Index funds

How we build Categories ›

Same Category. IWD and IWS 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 IWS 9th 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 8BVTWVVanguard Russell 2000 Value ETFScore 69
Rank 9BIWSiShares Russell Mid-Cap Value ETFScore 68
Rank 9BIWXiShares Russell Top 200 Value ETFScore 68

Our read on each fund

ETF.net Research

IWDAiShares Russell 1000 Value ETF

IWSBiShares Russell Mid-Cap 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.

IWS 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.

IWS 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.

IWS 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.

IWS No data

Full IWD profile⁠

Full IWS profile⁠

IWD vs IWS Holdings

How IWD and IWS differ

Overlap by weight

27.5%

Shared holdings make up 100% of IWS and 27.6% of IWD.

Level by level

Holdings719 in both27.5%
Sector11 Sectors82.9%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in IWD and IWS, widest gap first
Sector	More in IWDMore in IWS	IWD	IWS
Technology	IWD +9.4 points	20.2%	10.8%
Industrials	IWS +5.9 points	10.5%	16.4%
Real Estate	IWS +4.5 points	3.3%	7.8%
Utilities	IWS +3.3 points	3.5%	6.8%
Consumer Discretionary	IWD +2.4 points	10.2%	7.8%
Materials	IWS +2.3 points	3.5%	5.8%
Financials	IWD +1.4 points	18.3%	16.9%
Health Care	IWD +1.5 points	13.5%	12.0%
Consumer Staples	IWD +1.3 points	7.6%	6.3%
Energy	IWS +1.2 points	6.7%	7.9%
Communication	IWD +1.2 points	2.9%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in IWD and IWS, widest gap first
Country	More in IWDMore in IWS	IWD	IWS
United States	IWD +1.0 points	99.1%	98.1%
Other countries (11)	IWS +1.0 points	0.9%	1.9%

Concentration

Weight in the 10 largest Holdings

IWD29.3%
IWS6.8%

Securities held

IWD871
IWS719

Asset class

IWD: Equity
IWS: Equity

Holdings

Only in IWD152
In both719
Only in IWS0

Only in IWD

152 securities, 72.4% 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 IWS

0 securities, 0.0% of IWS by weight

Weight gaps

The 100 widest of 719 Holdings in both funds.

Holding weights in IWD and IWS, widest gap first
Holding	More in IWDMore in IWS	IWD	IWS
Phillips 66PSX	IWS +0.75 points	0.28%	1.03%
ModernaMRNA	IWS +0.57 points	0.21%	0.78%
Hewlett Packard EnterpriseHPE	IWS +0.51 points	0.19%	0.70%
Digital Realty Trust ReitDLR	IWS +0.47 points	0.18%	0.65%
Allstate CorpALL	IWS +0.46 points	0.18%	0.64%
Kinder MorganKMI	IWS +0.46 points	0.17%	0.63%
Cheniere EnergyLNG	IWS +0.45 points	0.17%	0.62%
Marathon PetroleumMPC	IWS +0.45 points	0.17%	0.62%
OneokOKE	IWS +0.43 points	0.16%	0.59%
NucorNUE	IWS +0.42 points	0.16%	0.58%
Devon EnergyDVN	IWS +0.41 points	0.16%	0.57%
United RentalsURI	IWS +0.39 points	0.15%	0.54%
Ametek IncAME	IWS +0.38 points	0.15%	0.53%
Baker Hughes Class ABKR	IWS +0.39 points	0.14%	0.53%
Becton DickinsonBDX	IWS +0.38 points	0.14%	0.52%
Realty Income ReitO	IWS +0.37 points	0.14%	0.51%
Edwards LifesciencesEW	IWS +0.37 points	0.14%	0.51%
L3HARRIS TechnologiesLHX	IWS +0.36 points	0.14%	0.50%
Entergy CorpETR	IWS +0.35 points	0.14%	0.49%
Xcel Energy IncXEL	IWS +0.35 points	0.13%	0.48%
HumanaHUM	IWS +0.35 points	0.13%	0.48%
Agilent Technologies IncA	IWS +0.35 points	0.13%	0.48%
Fifth Third BancorpFITB	IWS +0.34 points	0.13%	0.47%
VylorVYLR	IWS +0.34 points	0.13%	0.47%
PayPal HoldingsPYPL	IWS +0.34 points	0.13%	0.47%
Ford Motor CoF	IWS +0.33 points	0.13%	0.46%
Exelon CorpEXC	IWS +0.34 points	0.12%	0.46%
Westinghouse Air Brake TechnologieWAB	IWS +0.33 points	0.12%	0.45%
Vivmark ResidentialVMRK	IWS +0.33 points	0.12%	0.45%
Nasdaq IncNDAQ	IWS +0.33 points	0.12%	0.45%
Veeva Systems Class AVEEV	IWS +0.33 points	0.12%	0.45%
Keurig Dr Pepper IncKDP	IWS +0.33 points	0.12%	0.45%
Occidental Petroleum CorpOXY	IWS +0.33 points	0.12%	0.45%
Delta Air LinesDAL	IWS +0.33 points	0.12%	0.45%
Roper TechnologiesROP	IWS +0.32 points	0.12%	0.44%
Waters CorpWAT	IWS +0.32 points	0.12%	0.44%
State StreetSTT	IWS +0.32 points	0.12%	0.44%
GarminGRMN	IWS +0.31 points	0.12%	0.43%
American International GroupAIG	IWS +0.30 points	0.12%	0.42%
Diamondback EnergyFANG	IWS +0.30 points	0.12%	0.42%
Iqvia Holdings IncIQV	IWS +0.30 points	0.12%	0.42%
Ferguson EnterprisesFERG	IWS +0.31 points	0.11%	0.42%
Ventas ReitVTR	IWS +0.31 points	0.11%	0.42%
Consolidated EdisonED	IWS +0.30 points	0.11%	0.41%
MsciMSCI	IWS +0.29 points	0.11%	0.40%
Prudential Financial IncPRU	IWS +0.28 points	0.11%	0.39%
Ameriprise Finance IncAMP	IWS +0.28 points	0.10%	0.38%
Block Class AXYZ	IWS +0.28 points	0.10%	0.38%
EbayEBAY	IWS +0.27 points	0.10%	0.37%
Wec Energy GroupWEC	IWS +0.26 points	0.10%	0.36%
Crown Castle IncCCI	IWS +0.26 points	0.10%	0.36%
BiogenBIIB	IWS +0.26 points	0.10%	0.36%
KrogerKR	IWS +0.26 points	0.10%	0.36%
Public Service Enterprise GroupPEG	IWS +0.26 points	0.10%	0.36%
Archer Daniels MidlandADM	IWS +0.26 points	0.10%	0.36%
Carnival Corp LtdCCL	IWS +0.25 points	0.10%	0.35%
KenvueKVUE	IWS +0.25 points	0.10%	0.35%
Vulcan MaterialsVMC	IWS +0.25 points	0.10%	0.35%
D R HortonDHI	IWS +0.25 points	0.10%	0.35%
PaychexPAYX	IWS +0.25 points	0.10%	0.35%
Workday Class AWDAY	IWS +0.25 points	0.10%	0.35%
Illumina IncILMN	IWS +0.26 points	0.09%	0.35%
Hartford Insurance GroupHIG	IWS +0.26 points	0.09%	0.35%
Arch Capital GroupACGL	IWS +0.25 points	0.09%	0.34%
Cboe Global MarketsCBOE	IWS +0.25 points	0.09%	0.34%
Ge Healthcare TechnologiesGEHC	IWS +0.25 points	0.09%	0.34%
Iron Mountain IncIRM	IWS +0.24 points	0.09%	0.33%
Okta Class AOKTA	IWS +0.24 points	0.09%	0.33%
Sunbelt Rentals Holdings IncSUNB	IWS +0.24 points	0.09%	0.33%
Cbre Group Class ACBRE	IWS +0.24 points	0.09%	0.33%
Mettler ToledoMTD	IWS +0.23 points	0.09%	0.32%
Royal Caribbean GroupRCL	IWS +0.23 points	0.09%	0.32%
ResmedRMD	IWS +0.23 points	0.09%	0.32%
EqtEQT	IWS +0.23 points	0.09%	0.32%
Martin Marietta MaterialsMLM	IWS +0.22 points	0.09%	0.31%
M&T BankMTB	IWS +0.23 points	0.08%	0.31%
Cardinal HealthCAH	IWS +0.23 points	0.08%	0.31%
Huntington Bancshares IncHBAN	IWS +0.23 points	0.08%	0.31%
Extra Space Storage ReitEXR	IWS +0.23 points	0.08%	0.31%
United Airlines HoldingsUAL	IWS +0.23 points	0.08%	0.31%
Flex LtdFLEX	IWS +0.23 points	0.08%	0.31%
Coinbase Global Class ACOIN	IWS +0.22 points	0.08%	0.30%
Ingersoll RandIR	IWS +0.22 points	0.08%	0.30%
CoherentCOHR	IWS +0.22 points	0.08%	0.30%
Centene CorpCNC	IWS +0.22 points	0.08%	0.30%
Steel Dynamics IncSTLD	IWS +0.22 points	0.08%	0.30%
AmerenAEE	IWS +0.21 points	0.08%	0.29%
Teledyne TechnologiesTDY	IWS +0.21 points	0.08%	0.29%
HalliburtonHAL	IWS +0.21 points	0.08%	0.29%
Willis Towers WatsonWTW	IWS +0.21 points	0.08%	0.29%
Yum BrandsYUM	IWS +0.21 points	0.08%	0.29%
Labcorp HoldingsLH	IWS +0.21 points	0.08%	0.29%
Cognizant Technology Solutions ClaCTSH	IWS +0.20 points	0.08%	0.28%
Dollar General CorpDG	IWS +0.20 points	0.08%	0.28%
Otis WorldwideOTIS	IWS +0.20 points	0.08%	0.28%
Northern TrustNTRS	IWS +0.20 points	0.08%	0.28%
PG&E CorpPCG	IWS +0.20 points	0.08%	0.28%
West Pharmaceutical ServicesWST	IWS +0.20 points	0.08%	0.28%
American Water WorksAWK	IWS +0.20 points	0.08%	0.28%
Atmos EnergyATO	IWS +0.19 points	0.08%	0.27%

All 871 IWD holdings⁠All 719 IWS 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 IWS Cost

Overpaying IWS vs IWD

$1,010

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

IWD 0.18%
$3,749
IWS 0.23%
$4,759

Amount$10,000

Years30 years

Cost over time

IWD 0.18%
IWS 0.23%
Overpaying

Year by year

Year	IWD	IWS	Overpaying
10	$328	$419	$91
20	$1,281	$1,630	$349
30	$3,749	$4,759	$1,010

Expense ratio

0.18%IWD, cheaper
0.23%IWS

IWD0.18%IWS0.23%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IWD 16th cheapest of 40 funds

IWS 23rd cheapest of 40 funds

IWD vs IWS Dividends

Last 12 months to Nov 2, 2026

Yield (12M): IWD 1.36%, better; IWS 1.29%
Payout (12M): IWD $3.53; IWS $2.21
Last payment: IWD $0.93; IWS $0.59
Ex-dividend: IWD Sep 15, 2026; IWS Sep 15, 2026
Paid on: IWD Sep 18, 2026; IWS Sep 18, 2026
Frequency: IWD Quarterly; IWS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠

IWSQuarterly · 39 paymentsAll IWS payments⁠

IWD vs IWS Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IWD 12.1%, betterIWS 14.1%
Return per unit of riskSharpe ratio, 3 years: IWD 1.42, betterIWS 1.15
Worst fallMax drawdown, 5 years: IWD −19.0%, betterIWS −21.2%
Market sensitivityBeta, 5 years: IWD 0.85IWS 0.97; Market = 1

IWD and IWS in the news

All news⁠

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
18 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
New ETFs
Two old strategies got ETF tickers. Jensen's new one lets a rule pick the stocks.
Oct 5, 2026IWS
New ETFs
Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund
Oct 5, 2026IWS

Popular comparisons

IWDAvsSCHVA
iShares Russell 1000 Value ETF · Schwab U.S. Large-Cap Value ETF
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IWSBvsSCHVA
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IWD vs IWS

In short

Stated mandate

Why people hold it