IWD vs VLUE: Grades, Fees and Holdings Compared

iShares Russell 1000 Value ETF

IWDANYSE Arca

iShares MSCI USA Value Factor ETF

VLUEBCboe

Overlap

19.3%by weight

Expense ratio

VLUE −0.03pt a year

IWD0.18%VLUE0.15%

Avg volume · 30D

IWD 2.7×the volume

IWD2.01MVLUE756K

10Y return · a year

VLUE +2.7pt

IWD+11.9%VLUE+14.6%

IWD vs VLUE Performance

Oct 29, 2021 – Oct 30, 2026

+72.9%IWD+114.7%VLUE

Expense ratio: IWD 0.18%; VLUE 0.15%, better
Fund size: IWD $83.2B; VLUE $9.43B
1Y total return: IWD +28.4%; VLUE +51.8%, better
Yield (12M): IWD 1.37%; VLUE 1.59%, better
Holdings: IWD 874; VLUE 148
Avg volume (30D): IWD 2.01M sh, better; VLUE 756K sh
NAV per share: IWD $258.68; VLUE $194.45
52W range

ETF.net Grade

Pillar letters and Scores for IWD, VLUE, with each pillar’s weight
Pillar	IWD	VLUE
Cost30% weight	B59	B67Higher
Mission25% weight	A100Higher	D36
Risk15% weight	A79Higher	C49
Tradability15% weight	A96Higher	A86
Holdings10% weight	C42Higher	F23
Durability5% weight	A82Higher	A77

Rank among US Value Index funds

How we build Categories ›

Same Category. IWD and VLUE 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 VLUE 24th 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 23BRPVInvesco S&P 500 Pure Value ETFScore 56
Rank 24BVLUEiShares MSCI USA Value Factor ETFScore 55
Rank 25CPRXVPraxis Impact Large Cap Value ETFScore 53

Our read on each fund

ETF.net Research

IWDAiShares Russell 1000 Value ETF

VLUEBiShares MSCI USA 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.

VLUE Most value funds cast a wide net and call whatever's slightly cheap a bargain. VLUE follows MSCI's Enhanced Value index and narrows US stocks to about 150 of the cheapest-looking names, for 0.15% a year. A sharper, more concentrated take on value.

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.

VLUE The fund aims to follow an index selecting U.S. stocks with value characteristics, providing exposure to undervalued companies with potential for long-term growth.

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.

VLUE Deep screen, not a wide net: about 150 stocks picked by the MSCI USA Enhanced Value Index, so the value tilt actually shows up instead of getting diluted across half the market.ishares.com
0.15% a year, below the 0.18% median for its value-factor peer group. Modest toll for a rules-based screen rather than a plain cap-weighted slice.
A multi-billion-dollar fund that has been running since 2013, trades actively, and pays 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.

VLUE Concentration cuts both ways. About 150 names means chunkier single-stock and sector positions than the broadest value funds carry.
Plain broad-market value costs less: VTV, IUSV and SCHV all charge under 0.06%.
This is a value tilt, not the whole market. The screen can keep it out of step with a standard US index for long stretches.

Full IWD profile⁠

Full VLUE profile⁠

IWD vs VLUE Holdings

How IWD and VLUE differ

Overlap by weight

19.3%

Shared holdings make up 77.4% of VLUE and 19.4% of IWD.

Level by level

Holdings141 in both19.3%
Sector11 Sectors73.1%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in IWD and VLUE, widest gap first
Sector	More in IWDMore in VLUE	IWD	VLUE
Technology	VLUE +20.8 points	20.2%	41.0%
Financials	IWD +7.3 points	18.3%	11.0%
Communication	VLUE +6.1 points	2.9%	9.0%
Health Care	IWD +4.9 points	13.5%	8.6%
Consumer Staples	IWD +3.1 points	7.6%	4.5%
Energy	IWD +3.1 points	6.7%	3.6%
Industrials	IWD +2.3 points	10.5%	8.2%
Real Estate	IWD +1.8 points	3.3%	1.5%
Materials	IWD +1.7 points	3.5%	1.8%
Utilities	IWD +1.7 points	3.5%	1.8%
Consumer Discretionary	IWD +0.9 points	10.2%	9.3%

Country, concentration and asset class

Country by domicile

Country weights in IWD and VLUE, widest gap first
Country	More in IWDMore in VLUE	IWD	VLUE
China	VLUE +0.7 points	0.0%	0.7%
Other countries (11)	IWD +0.7 points	100.0%	99.3%

Concentration

Weight in the 10 largest Holdings

IWD29.3%
VLUE42.4%

Securities held

IWD871
VLUE146

Asset class

IWD: Equity
VLUE: Equity

Holdings

Only in IWD730
In both141
Only in VLUE5

Only in IWD

730 securities, 80.6% 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%
Procter & Gamble0.99%
Merck & Co Inc0.98%
UnitedHealth Group0.97%
Philip Morris International0.86%
Coca-Cola0.85%
Intel Corporation0.79%
Rtx0.71%
Thermo Fisher Scientific0.68%
Goldman Sachs Group0.68%
Costco Wholesale Corp0.67%
Meta Platforms Class A0.65%
International Business Machines Co0.64%
Linde PLC0.63%
Gilead Sciences0.56%
Morgan Stanley0.55%
Analog Devices0.50%
Conocophillips0.50%
Abbott Laboratories0.49%
Mcdonalds Corp0.48%
BlackRock0.46%
Nextera Energy0.46%
Welltower0.45%
Union Pacific0.44%
Deere0.44%
Pepsico0.44%
Danaher0.39%
Vertex Pharmaceuticals0.38%
S&P Global0.36%
Progressive0.36%
Charles Schwab0.35%
Altria Group Inc0.34%
Chubb0.34%
Eaton PLC0.32%
Prologis Reit0.32%
American Express0.31%
Medtronic PLC0.31%
Lowes Companies Inc0.31%
Uber Technologies0.30%
Parker-Hannifin0.30%
Cme Group Class A0.29%

Only in VLUE

5 securities, 22.6% of VLUE by weight

Micron Technology20.21%
Te Connectivity PLC0.70%
Expedia Group0.64%
Nxp Semiconductors NV0.61%
Simon Property Group Reit Inc0.44%

Weight gaps

The 100 widest of 141 Holdings in both funds.

Holding weights in IWD and VLUE, widest gap first
Holding	More in IWDMore in VLUE	IWD	VLUE
General MotorsGM	VLUE +3.69 points	0.20%	3.89%
Cisco Systems IncCSCO	VLUE +3.06 points	1.09%	4.15%
Verizon Communications IncVZ	VLUE +2.32 points	0.49%	2.81%
AT&TT	VLUE +1.94 points	0.38%	2.32%
Ford Motor CoF	VLUE +1.64 points	0.13%	1.77%
Hewlett Packard EnterpriseHPE	VLUE +1.60 points	0.19%	1.79%
Comcast Class ACMCSA	VLUE +1.48 points	0.22%	1.70%
PfizerPFE	VLUE +1.47 points	0.46%	1.93%
Walt DisneyDIS	VLUE +1.24 points	0.51%	1.75%
Dell Technologies Inc Class CDELL	VLUE +1.17 points	0.30%	1.47%
QualcommQCOM	VLUE +1.11 points	0.46%	1.57%
Fedex CorpFDX	VLUE +1.10 points	0.18%	1.28%
Accenture PLC Class AACN	VLUE +1.04 points	0.42%	1.46%
CitigroupC	VLUE +1.02 points	0.46%	1.48%
Cvs HealthCVS	VLUE +1.01 points	0.31%	1.32%
Bank of AmericaBAC	VLUE +0.97 points	0.80%	1.77%
Bristol Myers SquibbBMY	VLUE +0.83 points	0.34%	1.17%
Archer Daniels MidlandADM	VLUE +0.83 points	0.10%	0.93%
United Parcel Service Inc Class BUPS	VLUE +0.84 points	0.21%	1.05%
D R HortonDHI	VLUE +0.80 points	0.10%	0.90%
CignaCI	VLUE +0.78 points	0.21%	0.99%
SalesforceCRM	VLUE +0.75 points	0.48%	1.23%
United RentalsURI	VLUE +0.73 points	0.15%	0.88%
Devon EnergyDVN	VLUE +0.70 points	0.16%	0.86%
Kraft HeinzKHC	VLUE +0.69 points	0.06%	0.75%
Paccar IncPCAR	VLUE +0.66 points	0.14%	0.80%
Eog ResourcesEOG	VLUE +0.66 points	0.23%	0.89%
Target CorpTGT	VLUE +0.65 points	0.18%	0.84%
Valero Energy CorpVLO	VLUE +0.59 points	0.27%	0.86%
PultegroupPHM	VLUE +0.59 points	0.06%	0.65%
Adobe IncADBE	VLUE +0.56 points	0.08%	0.64%
KrogerKR	VLUE +0.55 points	0.10%	0.65%
Wells FargoWFC	VLUE +0.53 points	0.67%	1.20%
CsxCSX	VLUE +0.53 points	0.25%	0.78%
Cognizant Technology Solutions ClaCTSH	VLUE +0.52 points	0.08%	0.60%
Capital One Financial CorpCOF	VLUE +0.52 points	0.33%	0.85%
Carnival Corp LtdCCL	VLUE +0.49 points	0.10%	0.59%
Elevance Health IncELV	VLUE +0.50 points	0.24%	0.74%
Centene CorpCNC	VLUE +0.47 points	0.08%	0.55%
Lennar A Class ALEN	VLUE +0.45 points	0.05%	0.50%
Hp IncHPQ	VLUE +0.45 points	0.07%	0.52%
Netapp IncNTAP	VLUE +0.43 points	0.07%	0.50%
L3HARRIS TechnologiesLHX	VLUE +0.40 points	0.14%	0.54%
Strategy Inc Class AMSTR	VLUE +0.39 points	0.12%	0.51%
Best BuyBBY	VLUE +0.37 points	0.05%	0.42%
Tyson Foods Inc Class ATSN	VLUE +0.34 points	0.04%	0.38%
PG&E CorpPCG	VLUE +0.33 points	0.08%	0.41%
NewmontNEM	VLUE +0.33 points	0.30%	0.63%
Zoom Communications Class AZM	VLUE +0.33 points	0.07%	0.40%
Diamondback EnergyFANG	VLUE +0.33 points	0.12%	0.45%
Prudential Financial IncPRU	VLUE +0.32 points	0.11%	0.43%
BiogenBIIB	VLUE +0.31 points	0.10%	0.41%
Westinghouse Air Brake TechnologieWAB	VLUE +0.31 points	0.12%	0.43%
Roper TechnologiesROP	VLUE +0.30 points	0.12%	0.42%
First SolarFSLR	VLUE +0.30 points	0.04%	0.34%
On Semiconductor CorpON	VLUE +0.29 points	0.07%	0.36%
Ss and C Technologies HoldingsSSNC	VLUE +0.29 points	0.04%	0.33%
Bunge Global SABG	VLUE +0.29 points	0.03%	0.32%
Twilio Class ATWLO	VLUE +0.27 points	0.07%	0.34%
Becton DickinsonBDX	VLUE +0.27 points	0.14%	0.41%
Truist FinancialTFC	VLUE +0.27 points	0.16%	0.43%
MetlifeMET	VLUE +0.27 points	0.14%	0.41%
Textron IncTXT	VLUE +0.26 points	0.04%	0.30%
Us BancorpUSB	VLUE +0.26 points	0.24%	0.50%
Delta Air LinesDAL	VLUE +0.25 points	0.12%	0.37%
Royalty Pharma PLC Class ARPRX	VLUE +0.24 points	0.07%	0.31%
Gen DigitalGEN	VLUE +0.23 points	0.04%	0.27%
American International GroupAIG	VLUE +0.23 points	0.12%	0.35%
Okta Class AOKTA	VLUE +0.23 points	0.09%	0.32%
Pnc Financial Services GroupPNC	VLUE +0.23 points	0.24%	0.47%
Fedex Freight Holding Company IncFDXF	VLUE +0.21 points	0.05%	0.26%
Occidental Petroleum CorpOXY	VLUE +0.21 points	0.12%	0.33%
Omnicom Group IncOMC	VLUE +0.20 points	0.06%	0.26%
Snap On IncSNA	VLUE +0.20 points	0.05%	0.25%
Keurig Dr Pepper IncKDP	VLUE +0.20 points	0.12%	0.32%
Dollar Tree IncDLTR	VLUE +0.20 points	0.07%	0.27%
Leidos HoldingsLDOS	VLUE +0.19 points	0.05%	0.24%
Edison InternationalEIX	VLUE +0.20 points	0.06%	0.26%
FortiveFTV	VLUE +0.20 points	0.05%	0.24%
Exelon CorpEXC	VLUE +0.20 points	0.12%	0.32%
Global Payments IncGPN	VLUE +0.18 points	0.06%	0.24%
Flex LtdFLEX	VLUE +0.18 points	0.08%	0.26%
F5FFIV	VLUE +0.17 points	0.05%	0.22%
Workday Class AWDAY	VLUE +0.17 points	0.10%	0.27%
Teledyne TechnologiesTDY	VLUE +0.17 points	0.08%	0.25%
Realty Income ReitO	VLUE +0.15 points	0.14%	0.29%
Charter Communications Class ACHTR	VLUE +0.16 points	0.03%	0.19%
HumanaHUM	VLUE +0.15 points	0.13%	0.28%
Zimmer Biomet HoldingsZBH	VLUE +0.14 points	0.05%	0.19%
Consolidated EdisonED	VLUE +0.15 points	0.11%	0.26%
NucorNUE	VLUE +0.13 points	0.16%	0.29%
Everest GroupEG	VLUE +0.14 points	0.04%	0.18%
Fox Class AFOXA	VLUE +0.14 points	0.03%	0.17%
Super Micro Computer IncSMCI	VLUE +0.14 points	0.04%	0.18%
Eversource EnergyES	VLUE +0.13 points	0.07%	0.20%
Labcorp HoldingsLH	VLUE +0.13 points	0.08%	0.21%
United Airlines HoldingsUAL	VLUE +0.13 points	0.08%	0.21%
Dominion EnergyD	VLUE +0.13 points	0.15%	0.28%
Smurfit Westrock PLCSW	VLUE +0.12 points	0.06%	0.18%
Fiserv IncFISV	VLUE +0.12 points	0.07%	0.19%

All 871 IWD holdings⁠All 146 VLUE 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 VLUE Cost

Overpaying IWD vs VLUE

$612

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

IWD 0.18%
$3,749
VLUE 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

IWD 0.18%
VLUE 0.15%
Overpaying

Year by year

Year	IWD	VLUE	Overpaying
10	$328	$274	$54
20	$1,281	$1,071	$210
30	$3,749	$3,137	$612

Expense ratio

0.18%IWD
0.15%VLUE, cheaper

VLUE0.15%IWD0.18%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

VLUE 13th cheapest of 40 funds

IWD 16th cheapest of 40 funds

IWD vs VLUE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWD 1.37%; VLUE 1.59%, better
Payout (12M): IWD $3.53; VLUE $3.09
Last payment: IWD $0.93; VLUE $0.95
Ex-dividend: IWD Sep 15, 2026; VLUE Sep 15, 2026
Paid on: IWD Sep 18, 2026; VLUE Sep 18, 2026
Frequency: IWD Quarterly; VLUE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠

VLUEQuarterly · 39 paymentsAll VLUE payments⁠

IWD vs VLUE Risk

Fall from peak · 5 years

IWD
VLUE

Risk facts

VolatilityStd dev, 3 years: IWD 12.1%, betterVLUE 19.4%
Return per unit of riskSharpe ratio, 3 years: IWD 1.42, betterVLUE 1.37
Worst fallMax drawdown, 5 years: IWD −19.0%, betterVLUE −27.1%
Market sensitivityBeta, 5 years: IWD 0.85VLUE 1.09; Market = 1

IWD and VLUE in the news

All news⁠

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, 2026IWDVLUE
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IWDVLUE
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
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

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IWD vs VLUE

In short

Stated mandate

Why people hold it