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IWD vs RZV

iShares Russell 1000 Value ETF

IWDANYSE Arca

Invesco S&P SmallCap 600 Pure Value ETF

RZVCNYSE Arca

Overlap

Expense ratio

IWD −0.17pt a year

IWD0.18%RZV0.35%

Avg volume · 30D

IWD 272.9×the volume

IWD1.81MRZV6.64K

10Y return · a year

IWD +1.8pt

IWD+11.8%RZV+10.0%

IWD vs RZV Performance

Nov 9, 2021 – Nov 9, 2026

+72.9%IWD+48.9%RZV

Nov 9, 2021 to Nov 9, 2026. IWD +72.9%. RZV +48.9%. Use the arrow keys to read each point.−20%0%20%60%Nov 2021May 2024Nov 2026
Expense ratio
IWD 0.18%, better
RZV 0.35%
Fund size
IWD $82.9B
RZV $278M
1Y total return
IWD +30.5%, better
RZV +27.8%
Yield (12M)
IWD 1.34%
RZV 1.41%, better
Holdings
IWD 872
RZV 158
Avg volume (30D)
IWD 1.81M sh, better
RZV 6.64K sh
NAV per share
IWD $257.40
RZV $140.93
52W range

ETF.net Grade

IWD: Cost 59, Risk 84, Mission 100, Tradability 95, Holdings 41, Durability 85. RZV: Cost 28, Risk 13, Mission 84, Tradability 33, Holdings 56, Durability 50.
Pillar letters and Scores for IWD, RZV, with each pillar’s weight
PillarIWDRZV
Cost30% weightB59HigherD28
Mission25% weightA100HigherA84
Risk15% weightA84HigherF13
Tradability15% weightA95HigherD33
Holdings10% weightC41B56Higher
Durability5% weightA85HigherC50

Rank among US Value Index funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. IWD and RZV 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 RZV 34th of 40 funds in the US Value Index Category.

  1. Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 85
  2. Rank 2AVTVVanguard Morningstar Value ETFScore 82
  3. Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
  4. Rank 4AIWDiShares Russell 1000 Value ETFScore 77
  5. Rank 5AVOEVanguard Morningstar Mid-Cap Value ETFScore 76
  6. Rank 34CFYTFirst Trust Small Cap Value AlphaDEX FundScore 44
  7. Rank 34CRZVInvesco S&P SmallCap 600 Pure Value ETFScore 44
  8. Rank 36CVMAXHartford US Value ETFScore 40

Our read on each fund

ETF.net Research

IWDAiShares Russell 1000 Value ETF

RZVCInvesco S&P SmallCap 600 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.

RZV Most S&P 600 value funds keep every stock with a whiff of value and weight it by size. RZV keeps only the deepest discounts and weights them by how cheap they are, not how big.

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.

RZV The fund will invest at least 90% of its total assets in securities that comprise its 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.
  • RZV Screens the S&P SmallCap 600 for the strongest value scores on book value, earnings and sales versus price, then weights holdings by that score instead of market cap.spglobal.cominvesco.com
  • A pure-style build: only parent-index names showing strong value traits get in, so the sleeve stays a value sleeve rather than a small-cap blend in disguise.spglobal.com
  • Running since 2006, through several full value cycles, and it has tracked its index closely along the way.

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.
  • RZV Costs 0.35% a year, roughly double the median for S&P 600 index funds and more than the 0.15% SLYV charges for a broader value cut.
  • Trades far lighter than core S&P 600 giants like IJR and SPSM, so spreads can be wider, especially in fast markets.
  • Roughly 160 stocks, rebalanced once a year, leaning into the market's cheapest corners. Weights can drift between resets, and deep value is a narrow slice.invesco.com

Full IWD profile⁠

Full RZV profile⁠

IWD vs RZV 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 RZV Cost

Overpaying RZV vs IWD

$3,377

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

  • IWD 0.18%

    $3,749

  • RZV 0.35%

    $7,126

$10,000
30 years

Cost over time

  • IWD 0.18%
  • RZV 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530RZV $7,126IWD $3,749

Year by year

YearIWDRZVOverpaying
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%RZV
  • Middle half of US Value Index funds
  • Median 0.20%

IWD 16th cheapest of 40 funds

RZV 28th cheapest of 40 funds

IWD vs RZV Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
IWD 1.34%
RZV 1.41%, better
Payout (12M)
IWD $3.53
RZV $2.04
Last payment
IWD $0.93
RZV $0.54
Ex-dividend
IWD Sep 15, 2026
RZV Sep 21, 2026
Paid on
IWD Sep 18, 2026
RZV Sep 25, 2026
Frequency
IWD Quarterly
RZV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 24, 2017 $0.58; Jul 6, 2017 $0.72; Sep 26, 2017 $0.66; Dec 21, 2017 $0.64; Mar 22, 2018 $0.68; Jul 3, 2018 $0.72; Sep 26, 2018 $0.79; Dec 17, 2018 $0.83; Mar 20, 2019 $0.67; Jun 17, 2019 $0.70; Sep 24, 2019 $0.82; Dec 16, 2019 $1.15; Mar 25, 2020 $0.79; Jun 15, 2020 $0.70; Sep 23, 2020 $0.72; Dec 14, 2020 $0.60; Mar 25, 2021 $0.61; Jun 10, 2021 $0.59; Sep 24, 2021 $0.81; Dec 13, 2021 $0.72; Mar 24, 2022 $0.70; Jun 9, 2022 $0.64; Sep 26, 2022 $0.93; Dec 13, 2022 $0.98; Mar 23, 2023 $0.76; Jun 7, 2023 $0.63; Sep 26, 2023 $0.99; Dec 20, 2023 $0.96; Mar 21, 2024 $0.77; Jun 11, 2024 $0.70; Sep 25, 2024 $1.02; Dec 17, 2024 $0.98; Mar 18, 2025 $0.80; Jun 16, 2025 $0.84; Sep 16, 2025 $0.90; Dec 16, 2025 $1.02; Mar 17, 2026 $0.82; Jun 15, 2026 $0.76; Sep 15, 2026 $0.93. Use the arrow keys to read each point.$0$12017202020232026YTD
RZVQuarterly · 39 paymentsAll RZV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.20; Jun 16, 2017 $0.20; Sep 15, 2017 $0.22; Dec 15, 2017 $0.13; Mar 16, 2018 $0.30; Jun 15, 2018 $0.28; Sep 24, 2018 $0.36; Dec 24, 2018 $0.23; Mar 18, 2019 $0.20; Jun 24, 2019 $0.19; Sep 23, 2019 $0.17; Dec 23, 2019 $0.17; Mar 23, 2020 $0.17; Jun 22, 2020 $0.07; Sep 21, 2020 $0.09; Dec 21, 2020 $0.09; Mar 22, 2021 $0.20; Jun 21, 2021 $0.16; Sep 20, 2021 $0.21; Dec 20, 2021 $0.26; Mar 21, 2022 $0.26; Jun 21, 2022 $0.29; Sep 19, 2022 $0.37; Dec 19, 2022 $0.34; Mar 20, 2023 $0.32; Jun 20, 2023 $0.34; Sep 18, 2023 $0.27; Dec 18, 2023 $0.29; Mar 18, 2024 $0.33; Jun 24, 2024 $0.29; Sep 23, 2024 $0.33; Dec 23, 2024 $0.32; Mar 24, 2025 $0.52; Jun 23, 2025 $0.38; Sep 22, 2025 $0.58; Dec 22, 2025 $0.41; Mar 23, 2026 $0.51; Jun 22, 2026 $0.58; Sep 21, 2026 $0.54. Use the arrow keys to read each point.$0$12017202020232026YTD

IWD vs RZV Risk

Fall from peak · 5 years

  • IWD
  • RZV
Nov 9, 2021 to Nov 9, 2026. Worst fall: RZV −29.8% · Apr 2025. Use the arrow keys to read each point.−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
IWD 12.1%, betterRZV 22.3%
Return per unit of riskSharpe ratio, 3 years
IWD 1.42, betterRZV 0.77
Worst fallMax drawdown, 5 years
IWD −19.0%, betterRZV −29.8%
Market sensitivityBeta, 5 years
IWD 0.85RZV 1.14

IWD and RZV in the news

All news⁠

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