IWD vs VFVA: Grades, Fees and Holdings Compared

iShares Russell 1000 Value ETF

IWDANYSE Arca

Vanguard U.S. Value Factor ETF

VFVACCboe

Overlap

27.0%by weight

Expense ratio

VFVA −0.05pt a year

IWD0.18%VFVA0.13%

Avg volume · 30D

IWD 121.3×the volume

IWD2.01MVFVA16.5K

5Y return · a year

VFVA +0.5pt

IWD+11.6%VFVA+12.1%

IWD vs VFVA Performance

Oct 29, 2021 – Oct 30, 2026

+72.9%IWD+76.8%VFVA

Expense ratio: IWD 0.18%; VFVA 0.13%, better
Fund size: IWD $83.2B; VFVA $897M
1Y total return: IWD +28.4%; VFVA +30.8%, better
Yield (12M): IWD 1.37%; VFVA 1.77%, better
Holdings: IWD 874; VFVA 692
Avg volume (30D): IWD 2.01M sh, better; VFVA 16.5K sh
NAV per share: IWD $258.68; VFVA $161.14
52W range

ETF.net Grade

Pillar letters and Scores for IWD, VFVA, with each pillar’s weight
Pillar	IWD	VFVA
Cost30% weight	B59	A72Higher
Mission25% weight	A100Higher	F22
Risk15% weight	A79Higher	C49
Tradability15% weight	A96Higher	D31
Holdings10% weight	C42	A79Higher
Durability5% weight	A82Higher	C50

Rank among US Value Index funds

How we build Categories ›

Same Category. IWD and VFVA 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 VFVA 28th 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 28CCOWZPacer US Cash Cows 100 ETFScore 49
Rank 28CVFVAVanguard U.S. Value Factor ETFScore 49
Rank 30CPWVInvesco Large Cap Value ETFScore 48

Our read on each fund

ETF.net Research

IWDAiShares Russell 1000 Value ETF

VFVACVanguard U.S. Value Factor 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.

VFVA Most value ETFs slice the cheap half off a large-cap index. VFVA scores the whole US market, large caps down to small, for stocks trading low against their fundamentals, then holds roughly 600 of them for 0.13% a year.

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.

VFVA Seeks long-term capital appreciation by primarily investing in U.S. common stocks selected for relatively low valuations compared with fundamentals.

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.

VFVA The value screen runs across the full US market (its reference is the Russell 3000), so cheap small and mid caps sit beside the usual large-cap bargains.
0.13% a year, below the 0.18% median for US value factor funds.
Roughly 600 holdings, so no single name carries the thesis. Distributions land quarterly.

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.

VFVA It hunts cheap valuations rather than mirroring a value index, and the small and mid caps in the mix can swing harder than a large-cap-only value fund.
Cheap for a factor fund, not the cheapest thing on the value shelf: VTV charges 0.03% and SCHV 0.04% for plain large-cap value.
Trades lightly next to the giant value ETFs, so the spread is worth a look and limit orders earn their keep.

Full IWD profile⁠

Full VFVA profile⁠

IWD vs VFVA Holdings

How IWD and VFVA differ

Overlap by weight

27.0%

Shared holdings make up 64.3% of VFVA and 47.6% of IWD.

Level by level

Holdings318 in both27.0%
Sector11 Sectors81.2%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in IWD and VFVA, widest gap first
Sector	More in IWDMore in VFVA	IWD	VFVA
Financials	VFVA +8.1 points	18.3%	26.4%
Technology	IWD +7.4 points	20.2%	12.8%
Industrials	IWD +3.7 points	10.5%	6.8%
Consumer Discretionary	VFVA +3.5 points	10.2%	13.7%
Utilities	IWD +3.5 points	3.5%	0.0%
Real Estate	IWD +2.9 points	3.3%	0.4%
Communication	VFVA +2.8 points	2.9%	5.7%
Health Care	VFVA +2.5 points	13.5%	16.0%
Energy	VFVA +1.8 points	6.7%	8.5%
Materials	IWD +0.8 points	3.5%	2.7%
Consumer Staples	IWD +0.7 points	7.6%	6.9%

Country, concentration and asset class

Country by domicile

Country weights in IWD and VFVA, widest gap first
Country	More in IWDMore in VFVA	IWD	VFVA
United States	VFVA +0.9 points	99.1%	100.0%
Other countries (10)	IWD +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

IWD29.3%
VFVA7.5%

Securities held

IWD871
VFVA690

Asset class

IWD: Equity
VFVA: Equity

Holdings

Only in IWD553
In both318
Only in VFVA372

Only in IWD

553 securities, 52.2% of IWD by weight

Apple6.03%
Microsoft5.12%
Johnson & Johnson1.74%
Walmart1.31%
Cisco Systems Inc1.09%
Procter & Gamble0.99%
Philip Morris International0.86%
Coca-Cola0.85%
Intel Corporation0.79%
Rtx0.71%
Thermo Fisher Scientific0.68%
Goldman Sachs Group0.68%
Costco Wholesale Corp0.67%
Linde PLC0.63%
Analog Devices0.50%
Mcdonalds Corp0.48%
Nextera Energy0.46%
Welltower0.45%
Union Pacific0.44%
Deere0.44%
Vertex Pharmaceuticals0.38%
S&P Global0.36%
Eaton PLC0.32%
Prologis Reit0.32%
American Express0.31%
Parker-Hannifin0.30%
Dell Technologies Inc Class C0.30%
Cme Group Class A0.29%
Southern0.28%
Equinix Reit0.26%
Duke Energy Corp0.26%
Csx0.25%
Emerson Electric0.24%
Williams0.24%
Freeport Mcmoran Inc0.24%
Synopsys0.23%
Home Depot0.23%
Johnson Controls International PLC0.22%
Tjx0.22%
Moderna0.21%
Constellation Energy Corp0.21%
3M0.20%
Norfolk Southern Corp0.20%
Ecolab0.20%
Automatic Data Processing Inc0.20%
Oreilly Automotive Inc0.19%
American Electric Power Inc0.19%
Air Products and Chemicals0.18%
Digital Realty Trust Reit0.18%
Aon PLC Class A0.18%

Only in VFVA

372 securities, 35.5% of VFVA by weight

Booking Holdings Inc0.45%
Jackson Financial Inc0.41%
American Airlines Group Inc0.28%
PagerDuty Inc0.27%
Oracle Corp0.24%
ManpowerGroup Inc0.24%
First Financial Bancorp0.23%
Sprout Social Inc0.22%
ICF International Inc0.21%
DXC Technology Co0.21%
Koppers Holdings Inc0.21%
Perrigo Co PLC0.21%
Herbalife Ltd0.21%
S&T Bancorp Inc0.21%
Commercial Metals Co0.21%
Liberty Capital Corp0.20%
Valley National Bancorp0.20%
ZoomInfo Technologies Inc0.20%
Helen of Troy Ltd0.20%
Caleres Inc0.20%
Capri Holdings Ltd0.20%
Ingles Markets Inc0.19%
Asbury Automotive Group Inc0.19%
Kelly Services Inc0.19%
Old National Bancorp/IN0.18%
Coty Inc0.18%
Newell Brands Inc0.18%
Janus International Group Inc0.18%
Maximus Inc0.18%
CNX Resources Corp0.18%
Signet Jewelers Ltd0.18%
Embecta Corp0.18%
Associated Banc-Corp0.18%
American Eagle Outfitters Inc0.17%
Everforth Inc0.17%
Blackbaud Inc0.17%
UFP Industries Inc0.17%
Simmons First National Corp0.17%
PennyMac Financial Services Inc0.17%
Enterprise Financial Services Corp0.17%
Progress Software Corp0.17%
Abercrombie & Fitch Co0.16%
Mativ Holdings Inc0.16%
OneSpan Inc0.16%
Genesco Inc0.16%
Carter's Inc0.16%
Deluxe Corp0.16%
Yext Inc0.16%
Adient PLC0.16%
Bread Financial Holdings Inc0.15%

Weight gaps

The 100 widest of 318 Holdings in both funds.

Holding weights in IWD and VFVA, widest gap first
Holding	More in IWDMore in VFVA	IWD	VFVA
Amazon.com IncAMZN	IWD +5.58 points	5.64%	0.06%
Berkshire Hathaway Inc Class BBRK.B	IWD +2.40 points	2.67%	0.27%
JPMorgan Chase & CoJPM	IWD +2.24 points	2.38%	0.14%
Exxonmobil Holdings CorpXOM	IWD +1.73 points	2.04%	0.31%
AbbVieABBV	IWD +0.92 points	1.27%	0.35%
UnitedHealth GroupUNH	IWD +0.65 points	0.97%	0.32%
ChevronCVX	IWD +0.58 points	1.15%	0.57%
Eog ResourcesEOG	VFVA +0.58 points	0.23%	0.81%
Bank of AmericaBAC	IWD +0.56 points	0.80%	0.24%
CignaCI	VFVA +0.54 points	0.21%	0.75%
Marathon PetroleumMPC	VFVA +0.54 points	0.17%	0.71%
Bristol Myers SquibbBMY	VFVA +0.52 points	0.34%	0.86%
Morgan StanleyMS	IWD +0.50 points	0.55%	0.05%
General MotorsGM	VFVA +0.50 points	0.20%	0.70%
Merck & Co IncMRK	IWD +0.47 points	0.98%	0.51%
Boston ScientificBSX	VFVA +0.47 points	0.16%	0.63%
Crh Public Limited PLCCRH	VFVA +0.44 points	0.16%	0.60%
BlackRockBLK	IWD +0.44 points	0.46%	0.02%
Truist FinancialTFC	VFVA +0.44 points	0.16%	0.60%
Us BancorpUSB	VFVA +0.42 points	0.24%	0.66%
International Business Machines CoIBM	IWD +0.40 points	0.64%	0.24%
Hca HealthcareHCA	VFVA +0.40 points	0.18%	0.58%
Elevance Health IncELV	VFVA +0.39 points	0.24%	0.63%
AT&TT	VFVA +0.38 points	0.38%	0.76%
Meta Platforms Class AMETA	IWD +0.37 points	0.65%	0.28%
Regeneron PharmaceuticalsREGN	VFVA +0.37 points	0.24%	0.61%
Fedex CorpFDX	VFVA +0.36 points	0.18%	0.54%
PfizerPFE	VFVA +0.36 points	0.46%	0.82%
QualcommQCOM	IWD +0.33 points	0.46%	0.13%
Comcast Class ACMCSA	VFVA +0.33 points	0.22%	0.55%
Adobe IncADBE	VFVA +0.32 points	0.08%	0.40%
IntuitINTU	VFVA +0.30 points	0.17%	0.47%
Cvs HealthCVS	VFVA +0.30 points	0.31%	0.61%
GapGAP	VFVA +0.30 points	0.01%	0.31%
Nike Class BNKE	VFVA +0.30 points	0.12%	0.42%
BorgwarnerBWA	VFVA +0.28 points	0.03%	0.31%
Vf CorpVFC	VFVA +0.27 points	0.02%	0.29%
Celanese CorpCE	VFVA +0.27 points	0.01%	0.28%
LearLEA	VFVA +0.26 points	0.02%	0.28%
Arrow ElectronicsARW	VFVA +0.26 points	0.03%	0.29%
NewmontNEM	VFVA +0.26 points	0.30%	0.56%
Travelers CompaniesTRV	VFVA +0.26 points	0.22%	0.48%
Alaska Air Group IncALK	VFVA +0.26 points	<0.01%	0.27%
Mckesson CorpMCK	VFVA +0.26 points	0.02%	0.28%
T Mobile Us IncTMUS	VFVA +0.26 points	0.20%	0.46%
Verizon Communications IncVZ	VFVA +0.26 points	0.49%	0.75%
AvnetAVT	VFVA +0.25 points	0.02%	0.27%
Medtronic PLCMDT	VFVA +0.25 points	0.31%	0.56%
Charles SchwabSCHW	IWD +0.24 points	0.35%	0.11%
Columbia Banking System IncCOLB	VFVA +0.25 points	0.02%	0.27%
ViatrisVTRS	VFVA +0.24 points	0.06%	0.30%
DocusignDOCU	VFVA +0.24 points	0.04%	0.28%
Aptiv PLCAPTV	VFVA +0.24 points	0.02%	0.26%
Carmax IncKMX	VFVA +0.24 points	0.02%	0.26%
StrykerSYK	IWD +0.24 points	0.27%	0.03%
AgcoAGCO	VFVA +0.23 points	0.02%	0.25%
Kkr and Co IncKKR	VFVA +0.24 points	0.13%	0.37%
Mohawk IndustriesMHK	VFVA +0.23 points	0.02%	0.25%
Wells FargoWFC	IWD +0.23 points	0.67%	0.44%
DanaherDHR	IWD +0.23 points	0.39%	0.16%
Becton DickinsonBDX	VFVA +0.23 points	0.14%	0.37%
Gilead SciencesGILD	IWD +0.23 points	0.56%	0.33%
Capital One Financial CorpCOF	VFVA +0.22 points	0.33%	0.55%
OvintivOVV	VFVA +0.23 points	0.05%	0.28%
Southwest AirlinesLUV	VFVA +0.22 points	0.05%	0.27%
Kinder MorganKMI	VFVA +0.22 points	0.17%	0.39%
Lkq CorpLKQ	VFVA +0.22 points	0.01%	0.23%
AvantorAVTR	VFVA +0.22 points	0.03%	0.24%
United Airlines HoldingsUAL	VFVA +0.22 points	0.08%	0.30%
MacysM	VFVA +0.21 points	0.02%	0.23%
Kyndryl HoldingsKD	VFVA +0.21 points	<0.01%	0.22%
MetlifeMET	VFVA +0.21 points	0.14%	0.35%
Fnb CorpFNB	VFVA +0.20 points	0.02%	0.22%
Conagra BrandsCAG	VFVA +0.20 points	0.02%	0.22%
Lululemon AthleticaLULU	VFVA +0.20 points	0.03%	0.23%
Hp IncHPQ	VFVA +0.20 points	0.07%	0.27%
SalesforceCRM	VFVA +0.20 points	0.48%	0.68%
Graphic Packaging HoldingGPK	VFVA +0.20 points	<0.01%	0.21%
AutonationAN	VFVA +0.20 points	0.01%	0.21%
Altria Group IncMO	VFVA +0.21 points	0.34%	0.55%
Adt IncADT	VFVA +0.20 points	0.01%	0.21%
Builders Firstsource IncBLDR	VFVA +0.20 points	0.02%	0.22%
Mattel IncMAT	VFVA +0.20 points	0.01%	0.21%
Ally Financial IncALLY	VFVA +0.19 points	0.03%	0.22%
American International GroupAIG	VFVA +0.19 points	0.12%	0.31%
Best BuyBBY	VFVA +0.19 points	0.05%	0.24%
Ingredion IncINGR	VFVA +0.19 points	0.02%	0.21%
AflacAFL	VFVA +0.19 points	0.15%	0.34%
Invesco LtdIVZ	VFVA +0.18 points	0.03%	0.21%
Western AllianceWAL	VFVA +0.18 points	0.02%	0.20%
Nexstar Media Group IncNXST	VFVA +0.19 points	0.01%	0.20%
MarshMRSH	IWD +0.19 points	0.26%	0.07%
Pinterest Class APINS	VFVA +0.19 points	0.02%	0.21%
NovNOV	VFVA +0.18 points	0.02%	0.20%
Matador ResourcesMTDR	VFVA +0.18 points	0.02%	0.20%
Eastman ChemicalEMN	VFVA +0.18 points	0.02%	0.20%
Dropbox Inc Class ADBX	VFVA +0.18 points	0.01%	0.19%
Pnc Financial Services GroupPNC	VFVA +0.18 points	0.24%	0.42%
Sensata Technologies Holding PLCST	VFVA +0.17 points	0.02%	0.19%
Universal Health Services Class BUHS	VFVA +0.18 points	0.02%	0.20%

All 871 IWD holdings⁠All 637 VFVA 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 VFVA Cost

Overpaying IWD vs VFVA

$1,023

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

IWD 0.18%
$3,749
VFVA 0.13%
$2,726

Amount$10,000

Years30 years

Cost over time

IWD 0.18%
VFVA 0.13%
Overpaying

Year by year

Year	IWD	VFVA	Overpaying
10	$328	$238	$90
20	$1,281	$930	$351
30	$3,749	$2,726	$1,023

Expense ratio

0.18%IWD
0.13%VFVA, cheaper

VFVA0.13%IWD0.18%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VFVA 12th cheapest of 40 funds

IWD 16th cheapest of 40 funds

IWD vs VFVA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWD 1.37%; VFVA 1.77%, better
Payout (12M): IWD $3.53; VFVA $2.85
Last payment: IWD $0.93; VFVA $0.68
Ex-dividend: IWD Sep 15, 2026; VFVA Sep 23, 2026
Paid on: IWD Sep 18, 2026; VFVA Sep 25, 2026
Frequency: IWD Quarterly; VFVA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠

VFVAQuarterly · 34 paymentsAll VFVA payments⁠

IWD vs VFVA Risk

Fall from peak · 5 years

IWD
VFVA

Risk facts

VolatilityStd dev, 3 years: IWD 12.1%, betterVFVA 16.5%
Return per unit of riskSharpe ratio, 3 years: IWD 1.42, betterVFVA 1.02
Worst fallMax drawdown, 5 years: IWD −19.0%, betterVFVA −24.1%
Market sensitivityBeta, 5 years: IWD 0.85VFVA 0.96; Market = 1

IWD and VFVA 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
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
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 VFVA

In short

Stated mandate

Why people hold it