IWD vs RPV: Grades, Fees and Holdings Compared

iShares Russell 1000 Value ETF

IWDANYSE Arca

Invesco S&P 500 Pure Value ETF

RPVBNYSE Arca

Overlap

14.1%by weight

Expense ratio

IWD −0.17pt a year

IWD0.18%RPV0.35%

Avg volume · 30D

IWD 10.0×the volume

IWD1.81MRPV181K

10Y return · a year

IWD +0.7pt

IWD+11.8%RPV+11.1%

IWD vs RPV Performance

Nov 9, 2021 – Nov 9, 2026

+72.9%IWD+69.6%RPV

Expense ratio: IWD 0.18%, better; RPV 0.35%
Fund size: IWD $82.9B; RPV $1.81B
1Y total return: IWD +30.5%, better; RPV +25.5%
Yield (12M): IWD 1.34%; RPV 2.07%, better
Holdings: IWD 872; RPV 121
Avg volume (30D): IWD 1.81M sh, better; RPV 181K sh
NAV per share: IWD $257.40; RPV $120.24
52W range

ETF.net Grade

Pillar letters and Scores for IWD, RPV, with each pillar’s weight
Pillar	IWD	RPV
Cost30% weight	B59Higher	D28
Mission25% weight	A100Higher	A79
Risk15% weight	A84Higher	B65
Tradability15% weight	A95Higher	A78
Holdings10% weight	C41	C50Higher
Durability5% weight	A85Higher	A70

Rank among US Value Index funds

How we build Categories ›

Same Category. IWD and RPV 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 RPV 21st of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 85
Rank 2AVTVVanguard Morningstar Value ETFScore 82
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 5AVOEVanguard Morningstar Mid-Cap Value ETFScore 76
Rank 18BSTXVStrive 1000 Value ETFScore 59
Rank 21BRPVInvesco S&P 500 Pure Value ETFScore 58
Rank 22BRAUSRACWI US ETFScore 57

Our read on each fund

ETF.net Research

IWDAiShares Russell 1000 Value ETF

RPVBInvesco S&P 500 Pure 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.

RPV Most value funds hold anything that isn't growth. RPV takes only the deepest-value slice of the S&P 500, about 120 names, weighted by how cheap they screen rather than how big they are.

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.

RPV The fund is based on the S&P 500 Pure Value Index and invests at least 90% of total assets in securities comprising that index.

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.

RPV Stocks are sorted on value and growth metrics both, so blend names wash out and only the strongest value scores reach the index.spglobal.com
Weights follow style attractiveness, not market cap, so the biggest company in the basket isn't automatically the biggest position.spglobal.com
Running since 2006, with at least 90% of assets held in its index securities. What's on the tin is what sits in the portfolio.

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.

RPV At 0.35% it runs well above the category median of 0.18%, and broad value peers like VTV (0.03%) and IUSV (0.04%) charge a sliver of that.
About 120 names, with sector weights falling out of the screen rather than being targeted. The fund can lean hard on whatever corner of the market screens cheapest.spglobal.com
Deep value means owning the companies the market has marked down, so the ride can look nothing like a cap-weighted value fund's.spglobal.com

Full IWD profile⁠

Full RPV profile⁠

IWD vs RPV Holdings

How IWD and RPV differ

Overlap by weight

14.1%

Shared holdings make up 93.0% of RPV and 16.8% of IWD.

Level by level

Holdings109 in both14.1%
Sector11 Sectors78.6%
Countryby domicile97.9%
Asset classStocks100%

Sector

Sector weights in IWD and RPV, widest gap first
Sector	Gap	IWD	RPV
Technology	IWD +15.2 points	18.8%	3.6%
Health Care	RPV +5.7 points	13.7%	19.4%
Energy	RPV +5.6 points	6.0%	11.6%
Materials	RPV +4.4 points	3.5%	7.9%
Consumer Staples	RPV +4.2 points	8.0%	12.2%
Industrials	IWD +3.6 points	10.4%	6.8%
Real Estate	IWD +2.1 points	3.5%	1.4%
Communication	RPV +1.6 points	3.0%	4.6%
Financials	IWD +0.4 points	18.8%	18.4%
Consumer Discretionary	RPV +0.1 points	10.6%	10.7%
Utilities	Same weight	3.6%	3.6%

Country, concentration and asset class

Country by domicile

Country weights in IWD and RPV, widest gap first
Country	Gap	IWD	RPV
United States	IWD +1.9 points	99.2%	97.3%
Ireland	RPV +1.4 points	0.1%	1.5%
United Kingdom	RPV +0.6 points	0.1%	0.7%
Other countries (8)	IWD +0.1 points	0.6%	0.5%

Concentration

Weight in the 10 largest Holdings

IWD29.8%
RPV20.5%

Securities held

IWD869
RPV117

Asset class

IWD: Stocks
RPV: Stocks

Holdings

Only in IWD760
In both109
Only in RPV8

Only in IWD

760 securities, 83.0% of IWD by weight

Amazon.com Inc6.12%
Apple6.02%
Microsoft5.23%
Berkshire Hathaway Inc Class B2.82%
JPMorgan Chase & Co2.37%
Johnson & Johnson1.77%
Walmart1.34%
AbbVie1.26%
Procter & Gamble1.02%
Cisco Systems Inc0.98%
Merck & Co Inc0.96%
Coca-Cola0.87%
Philip Morris International0.82%
Costco Wholesale Corp0.70%
Thermo Fisher Scientific0.69%
Intel Corporation0.68%
Rtx0.68%
Wells Fargo0.67%
Goldman Sachs Group0.66%
Meta Platforms Class A0.65%
Linde PLC0.63%
International Business Machines Co0.61%
Gilead Sciences0.55%
Morgan Stanley0.54%
Mcdonalds Corp0.52%
Abbott Laboratories0.51%
Nextera Energy0.48%
BlackRock0.48%
Welltower0.47%
Qualcomm0.46%
Pepsico0.45%
Salesforce0.45%
Deere0.44%
Analog Devices0.44%
Union Pacific0.43%
Accenture PLC Class A0.42%
Danaher0.39%
Vertex Pharmaceuticals0.37%
Charles Schwab0.37%
S&P Global0.37%
Progressive0.35%
Newmont0.34%
Altria Group Inc0.34%
Bristol Myers Squibb0.34%
Lowes Companies Inc0.33%
Medtronic PLC0.33%
Uber Technologies0.32%
Prologis Reit0.32%
American Express0.32%
Parker-Hannifin0.31%

Only in RPV

8 securities, 6.9% of RPV by weight

Everest Group Ltd1.68%
Elevance Health Inc1.67%
Cencora Inc0.90%
Skydance Corp0.68%
Fiserv Inc0.57%
Block Inc0.50%
Ball Corp0.49%
Invesco Government & Agency Portfolio0.39%

Weight gaps

The 100 widest of 109 Holdings in both funds.

Holding weights in IWD and RPV, widest gap first
Holding	Gap	IWD	RPV
Centene CorpCNC	RPV +2.77 points	0.08%	2.85%
HumanaHUM	RPV +2.45 points	0.14%	2.59%
Bunge Global SABG	RPV +1.93 points	0.03%	1.96%
DowDOW	RPV +1.91 points	0.06%	1.97%
Archer Daniels MidlandADM	RPV +1.86 points	0.09%	1.95%
Target CorpTGT	RPV +1.75 points	0.19%	1.94%
General MotorsGM	RPV +1.64 points	0.20%	1.84%
Phillips 66PSX	RPV +1.62 points	0.25%	1.87%
Tyson Foods Inc Class ATSN	RPV +1.62 points	0.04%	1.66%
Valero Energy CorpVLO	RPV +1.60 points	0.23%	1.83%
Ford Motor CoF	RPV +1.59 points	0.13%	1.72%
MosaicMOS	RPV +1.57 points	0.02%	1.59%
Marathon PetroleumMPC	RPV +1.55 points	0.14%	1.69%
Lyondellbasell Industries Class ALYB	RPV +1.51 points	0.04%	1.55%
CignaCI	RPV +1.50 points	0.20%	1.70%
Smurfit Westrock PLCSW	RPV +1.46 points	0.06%	1.52%
Stanley Black & DeckerSWK	RPV +1.42 points	0.05%	1.47%
Dupont De NemoursDD	RPV +1.41 points	0.05%	1.46%
Hewlett Packard EnterpriseHPE	RPV +1.40 points	0.16%	1.56%
Cvs HealthCVS	RPV +1.38 points	0.29%	1.67%
ViatrisVTRS	RPV +1.34 points	0.06%	1.40%
Exxonmobil Holdings CorpXOM	IWD +1.31 points	1.81%	0.50%
Franklin TempletonBEN	RPV +1.23 points	0.02%	1.25%
Global Payments IncGPN	RPV +1.22 points	0.06%	1.28%
Mckesson CorpMCK	RPV +1.18 points	0.02%	1.20%
ApaAPA	RPV +1.18 points	0.04%	1.22%
KrogerKR	RPV +1.17 points	0.10%	1.27%
Cardinal HealthCAH	RPV +1.16 points	0.09%	1.25%
Best BuyBBY	RPV +1.09 points	0.05%	1.14%
Prudential Financial IncPRU	RPV +1.02 points	0.11%	1.13%
Kraft HeinzKHC	RPV +0.96 points	0.06%	1.02%
Baxter InternationalBAX	RPV +0.93 points	0.04%	0.97%
Alexandria Real Estate Equities ReARE	RPV +0.89 points	0.02%	0.91%
MetlifeMET	RPV +0.80 points	0.14%	0.94%
Delta Air LinesDAL	RPV +0.79 points	0.13%	0.92%
United Airlines HoldingsUAL	RPV +0.78 points	0.09%	0.87%
Comcast Class ACMCSA	RPV +0.77 points	0.23%	1.00%
Invesco LtdIVZ	RPV +0.76 points	0.03%	0.79%
Hp IncHPQ	RPV +0.74 points	0.07%	0.81%
Assurant IncAIZ	RPV +0.72 points	0.04%	0.76%
LoewsL	RPV +0.72 points	0.05%	0.77%
International PaperIP	RPV +0.72 points	0.05%	0.77%
Citizens Financial Group IncCFG	RPV +0.67 points	0.07%	0.74%
American International GroupAIG	RPV +0.66 points	0.11%	0.77%
Dollar General CorpDG	RPV +0.63 points	0.08%	0.71%
Principal Financial Group IncPFG	RPV +0.63 points	0.06%	0.69%
Amcor PLCAMCR	RPV +0.62 points	0.06%	0.68%
SyscoSYY	RPV +0.61 points	0.05%	0.66%
Henry ScheinHSIC	RPV +0.61 points	0.02%	0.63%
Southwest AirlinesLUV	RPV +0.59 points	0.05%	0.64%
Edison InternationalEIX	RPV +0.58 points	0.06%	0.64%
Charter Communications Class ACHTR	RPV +0.58 points	0.03%	0.61%
International Flavors & FragrancesIFF	RPV +0.57 points	0.06%	0.63%
NucorNUE	RPV +0.57 points	0.14%	0.71%
Diamondback EnergyFANG	RPV +0.57 points	0.10%	0.67%
Allstate CorpALL	RPV +0.57 points	0.17%	0.74%
PG&E CorpPCG	RPV +0.54 points	0.08%	0.62%
Hormel Foods CorpHRL	RPV +0.53 points	0.02%	0.55%
AesAES	RPV +0.53 points	0.03%	0.56%
M&T BankMTB	RPV +0.54 points	0.08%	0.62%
Occidental Petroleum CorpOXY	RPV +0.53 points	0.11%	0.64%
Truist FinancialTFC	RPV +0.52 points	0.16%	0.68%
Mgm Resorts InternationalMGM	RPV +0.47 points	0.02%	0.49%
Arch Capital GroupACGL	RPV +0.48 points	0.09%	0.57%
Bank of AmericaBAC	IWD +0.47 points	0.79%	0.32%
Devon EnergyDVN	RPV +0.47 points	0.13%	0.60%
Lennar A Class ALEN	RPV +0.46 points	0.05%	0.51%
Fedex CorpFDX	RPV +0.46 points	0.18%	0.64%
State StreetSTT	RPV +0.45 points	0.12%	0.57%
KeycorpKEY	RPV +0.46 points	0.05%	0.51%
Pinnacle WestPNW	RPV +0.46 points	0.03%	0.48%
Universal Health Services Class BUHS	RPV +0.45 points	0.03%	0.48%
Omnicom Group IncOMC	RPV +0.43 points	0.06%	0.49%
Regions FinancialRF	RPV +0.44 points	0.06%	0.49%
BiogenBIIB	RPV +0.43 points	0.10%	0.53%
Textron IncTXT	RPV +0.43 points	0.04%	0.47%
HalliburtonHAL	RPV +0.42 points	0.07%	0.49%
ChevronCVX	IWD +0.41 points	1.05%	0.64%
Consolidated EdisonED	RPV +0.38 points	0.12%	0.50%
Vici Pptys IncVICI	RPV +0.38 points	0.07%	0.45%
Huntington Bancshares IncHBAN	RPV +0.38 points	0.08%	0.46%
CitigroupC	RPV +0.35 points	0.45%	0.80%
PultegroupPHM	RPV +0.35 points	0.07%	0.42%
Zimmer Biomet HoldingsZBH	RPV +0.35 points	0.05%	0.40%
Eversource EnergyES	RPV +0.34 points	0.07%	0.41%
Genuine PartsGPC	RPV +0.34 points	0.04%	0.38%
Travelers CompaniesTRV	RPV +0.33 points	0.22%	0.55%
Keurig Dr Pepper IncKDP	RPV +0.32 points	0.13%	0.45%
Huntington Ingalls IndustriesHII	RPV +0.30 points	0.03%	0.33%
UnitedHealth GroupUNH	IWD +0.30 points	0.94%	0.64%
Hartford Insurance GroupHIG	RPV +0.28 points	0.10%	0.38%
D R HortonDHI	RPV +0.28 points	0.10%	0.38%
OneokOKE	RPV +0.27 points	0.14%	0.41%
Aptiv PLCAPTV	RPV +0.26 points	0.02%	0.28%
Us BancorpUSB	RPV +0.25 points	0.25%	0.50%
Fifth Third BancorpFITB	RPV +0.25 points	0.13%	0.38%
Exelon CorpEXC	RPV +0.25 points	0.12%	0.37%
News Class ANWSA	RPV +0.23 points	0.03%	0.26%
SlbSLB	RPV +0.22 points	0.20%	0.42%
Pnc Financial Services GroupPNC	RPV +0.18 points	0.24%	0.42%

All 869 IWD holdings⁠All 118 RPV 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 RPV Cost

Overpaying RPV vs IWD

$3,377

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

IWD 0.18%
$3,749
RPV 0.35%
$7,126

Amount$10,000

Years30 years

Cost over time

IWD 0.18%
RPV 0.35%
Overpaying

Year by year

Year	IWD	RPV	Overpaying
10	$328	$634	$306
20	$1,281	$2,454	$1,173
30	$3,749	$7,126	$3,377

Expense ratio

0.18%IWD, cheaper
0.35%RPV

IWD0.18%RPV0.35%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IWD 16th cheapest of 40 funds

RPV 28th cheapest of 40 funds

IWD vs RPV Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IWD 1.34%; RPV 2.07%, better
Payout (12M): IWD $3.53; RPV $2.53
Last payment: IWD $0.93; RPV $0.63
Ex-dividend: IWD Sep 15, 2026; RPV Sep 21, 2026
Paid on: IWD Sep 18, 2026; RPV Sep 25, 2026
Frequency: IWD Quarterly; RPV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠

RPVQuarterly · 39 paymentsAll RPV payments⁠

IWD vs RPV Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IWD 12.1%, betterRPV 13.9%
Return per unit of riskSharpe ratio, 3 years: IWD 1.42, betterRPV 1.28
Worst fallMax drawdown, 5 years: IWD −19.0%, betterRPV −22.6%
Market sensitivityBeta, 5 years: IWD 0.85RPV 0.75; Market = 1

IWD and RPV in the news

All news⁠

Best ETFs
Best large-cap value ETFs: Vanguard’s VTV at 0.03%, or VONV for the Russell 1000 Value
Updated Nov 3, 2026IWD
Head-to-Head
IWD vs VBR: a lower fee does not buy the other value portfolio
Nov 2, 2026IWD
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
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IWD

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IWD vs RPV

In short

Stated mandate

Why people hold it