IWV vs SPTM: Grades, Fees and Holdings Compared

iShares Russell 3000 ETF

IWVBNYSE Arca

State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF

SPTMANYSE Arca

Overlap

95.5%by weight

Expense ratio

SPTM −0.17pt a year

IWV0.20%SPTM0.03%

Avg volume · 30D

SPTM 2.5×the volume

IWV191KSPTM484K

10Y return · a year

SPTM +0.4pt

IWV+14.5%SPTM+14.9%

IWV vs SPTM Performance

Nov 9, 2021 – Nov 9, 2026

+63.9%IWV+69.6%SPTM

Expense ratio: IWV 0.20%; SPTM 0.03%, better
Fund size: IWV $19.7B; SPTM $13.7B
1Y total return: IWV +13.5%; SPTM +13.8%, better
Yield (12M): IWV 0.88%; SPTM 1.07%, better
Holdings: IWV 2583; SPTM 1511
Avg volume (30D): IWV 191K sh; SPTM 484K sh, better
NAV per share: IWV $417.86; SPTM $89.14
52W range

ETF.net Grade

Pillar letters and Scores for IWV, SPTM, with each pillar’s weight
Pillar	IWV	SPTM
Cost30% weight	D29	A75Higher
Mission25% weight	A100	A100
Risk15% weight	C48	C54Higher
Tradability15% weight	B55	B69Higher
Holdings10% weight	A80Higher	C49
Durability5% weight	A73Higher	B63

Rank among Total US Market funds

How we build Categories ›

Same Category. IWV and SPTM are both graded against the same 10 Total US Market funds, so their Grades compare head to head.

Total US Market⁠

Category · 10 funds

See all 10 ›

SPTM ranks 3rd and IWV 7th of 10 funds in the Total US Market Category.

Rank 1AITOTiShares Core S&P Total U.S. Stock Market ETFScore 78
Rank 2ASCHBSchwab U.S. Broad Market ETFScore 75
Rank 3ASPTMState Street SPDR Portfolio S&P 1500 Composite Stock Market ETFScore 73
Rank 3AVTIVanguard Morningstar Total Stock Market ETFScore 73
Rank 6BDFUSDimensional U.S. Equity ETFScore 65
Rank 7BIWViShares Russell 3000 ETFScore 60
Rank 8BVTHRVanguard Russell 3000 ETFScore 59

Our read on each fund

ETF.net Research

IWVBiShares Russell 3000 ETF

SPTMAState Street SPDR Portfolio S&P 1500 Composite Stock Market ETF

In short

IWV One of the first ETFs to put the entire US stock market in a single ticker, live since 2000 and still hugging the Russell 3000. The trade-off is a legacy price tag: newer total-market rivals cost a fraction of it.

SPTM One ticker for the whole US market ladder: about 1,500 large, mid and small caps from S&P's composite index at 3 basis points. Running since 2000, at half the fee of the typical total-market rival.

Stated mandate

IWV The fund seeks to track a broad U.S. equity-market index, the Russell 3000 Index.

SPTM The fund seeks to provide investment results that generally correspond to the total return of the S&P Composite 1500 Index, offering broad U.S. equity exposure across market capitalizations.

Why people hold it

IWV Trading since 2000, one of the original whole-market wrappers, and it still holds the Russell 3000 top to bottom: mega caps down to small caps in one line item.
Tracking is its strong suit. It has followed the Russell 3000 about as tightly as anything in the total-US-market group.
A multi-billion-dollar fund with steady day-to-day volume, so getting a fill is rarely the hard part.
Boring by design: a plain 1940 Act index fund holding US stocks, mailing out cash quarterly.

SPTM 0.03% a year, half the 0.06% median for total-market rivals. In a category where cost is most of the argument, it sits in the cheap tier.
One job, done plainly: large, mid and small cap US stocks in a single wrapper, about 1,500 names, no sector bets or style tilts, and it has tracked its index closely.
Launched in 2000, so it has traded through the dot-com bust, 2008 and 2020. A multi-billion-dollar fund that changes hands actively every day.
Stands in the upper half of its total-market peer group next to VTI, SCHB and ITOT, and matches ITOT's declared index at the same 0.03% fee.

Worth knowing

IWV The fee is the story. At 0.20% a year it runs well above the typical total-market ETF, and VTHR tracks the same Russell 3000 index for 0.06%.
VTI, ITOT and SCHB deliver comparable whole-market coverage at 0.03%. You are paying up for the Russell build, not for broader reach.
Straight equity beta: no buffer, no hedge, no cushion. When the US market drops, this drops with it.

SPTM Liquidity is solid rather than category-leading. The largest total-market funds trade heavier, so spreads here can run a little wider on big or hurried orders.
US only. International stocks sit outside the mandate, so global exposure has to come from somewhere else in the portfolio.
Owning the whole US market means owning its drawdowns: no buffer, no hedge, no cash cushion. Cash comes back as a quarterly distribution.

Full IWV profile⁠

Full SPTM profile⁠

IWV vs SPTM Holdings

How IWV and SPTM differ

Overlap by weight

95.5%

Shared holdings make up 99.4% of SPTM and 95.9% of IWV.

Level by level

Holdings1,494 in both95.5%
Sector11 Sectors99.1%
Asset classStocks100%
Countryby domicile99.8%

Sector

Sector weights in IWV and SPTM, widest gap first
Sector	Gap	IWV	SPTM
Industrials	SPTM +0.6 points	8.6%	9.2%
Health Care	IWV +0.6 points	11.2%	10.6%
Consumer Staples	SPTM +0.2 points	4.9%	5.1%
Technology	IWV +0.2 points	33.9%	33.7%
Materials	SPTM +0.1 points	2.0%	2.1%
Real Estate	IWV +0.1 points	2.4%	2.3%
Financials	SPTM +0.1 points	13.0%	13.1%
Energy	IWV +0.1 points	3.7%	3.6%
Communication	IWV +0.1 points	8.4%	8.3%
Consumer Discretionary	IWV +0.1 points	9.9%	9.8%
Utilities	SPTM +0.1 points	2.1%	2.2%

Country, concentration and asset class

Country by domicile

Country weights in IWV and SPTM, widest gap first
Country	Gap	IWV	SPTM
United States	SPTM +0.1 points	99.4%	99.5%
Switzerland	IWV +0.1 points	0.3%	0.2%
Brazil	IWV +0.1 points	0.1%	0.0%
China	SPTM +0.1 points	0.0%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Canada	IWV +0.1 points	0.1%	0.0%
Mexico	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%
Other countries (5)	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

IWV33.4%
SPTM34.7%

Securities held

IWV2,580
SPTM1,508

Asset class

IWV: Stocks
SPTM: Stocks

Holdings

Only in IWV1,086
In both1,494
Only in SPTM14

Only in IWV

1,086 securities, 4.0% of IWV by weight

Spotify Technology0.13%
Snowflake0.13%
Cloudflare Class A0.12%
Space Exploration Technologies Cor0.12%
Cheniere Energy0.08%
Anglogold Ashanti PLC0.07%
Strategy Inc Class A0.06%
Natera0.06%
Nu Holdings Class A0.06%
Revolution Medicines0.05%
Sunbelt Rentals Holdings Inc0.04%
Roblox Class A0.04%
Rocket Lab Corp0.04%
Astera Labs0.04%
Royalty Pharma PLC Class A0.04%
Restaurants Brands International0.04%
Insmed0.03%
Mongodb Class A0.03%
Atlassian Corp Class A0.03%
Markel Group0.03%
Zoom Communications Class A0.03%
Lpl Financial Holdings0.03%
Liberty Media Series C0.03%
Alnylam Pharmaceuticals0.03%
Zscaler0.03%
Sofi Technologies0.03%
Coupang Class A0.03%
Brookfield Asset Management Voting0.03%
Guardant Health0.03%
Credo Technology Group Holding Ltd0.03%
Affirm Holdings Class A0.03%
Heico Class A0.03%
Unity Software0.03%
Ftai Aviation0.03%
First Citizens Bancshares Class A0.03%
Medline Class A0.03%
Rubrik Class A0.02%
Ss and C Technologies Holdings0.02%
Southern Copper Corp0.02%
Gfl Environmental Subordinate Voti0.02%
Viking Holdings Ltd0.02%
Tradeweb Markets Inc Class A0.02%
Coreweave Class A0.02%
Rocket Companies Inc Class A0.02%
Samsara Class A0.02%
Heico0.02%
Ascendis Pharma0.02%
Rivian Automotive Class A0.02%
Bridgebio Pharma0.02%
Ionq0.02%

Only in SPTM

14 securities, 0.4% of SPTM by weight

Seagate Technology Holdings0.15%
Nxp Semiconductors NV0.09%
Te Connectivity PLC0.09%
Autoliv Inc0.01%
Erie Indemnity Company Class A0.01%
Federated Hermes Inc<0.01%
Warner Music Group Corp Class A<0.01%
Brady Corporation Class A<0.01%
Skydance Corp<0.01%
Ezcorp Inc Class A<0.01%
Solaredge Technologies Inc<0.01%
Tootsie Roll Inds<0.01%
Contra Apellis Pharmac0.00%
Contra Hologic Incorpo0.00%

Weight gaps

The 100 widest of 1,494 Holdings in both funds.

Holding weights in IWV and SPTM, widest gap first
Holding	Gap	IWV	SPTM
NVIDIANVDA	SPTM +0.41 points	6.15%	6.56%
AppleAAPL	SPTM +0.26 points	6.99%	7.25%
MicrosoftMSFT	SPTM +0.15 points	5.57%	5.72%
Amazon.com IncAMZN	SPTM +0.15 points	3.55%	3.70%
Broadcom IncAVGO	SPTM +0.10 points	1.93%	2.03%
Alphabet Class AGOOGL	SPTM +0.09 points	2.34%	2.43%
Alphabet Class CGOOG	SPTM +0.05 points	1.91%	1.96%
Meta Platforms Class AMETA	SPTM +0.06 points	1.89%	1.95%
ChevronCVX	SPTM +0.05 points	0.56%	0.61%
Eli LillyLLY	SPTM +0.05 points	1.53%	1.58%
Berkshire Hathaway Inc Class BBRK.B	SPTM +0.05 points	1.50%	1.55%
Intel CorporationINTC	SPTM +0.05 points	0.36%	0.41%
OracleORCL	SPTM +0.04 points	0.29%	0.33%
Visa Class AV	SPTM +0.04 points	1.01%	1.05%
Micron TechnologyMU	SPTM +0.03 points	1.10%	1.13%
Advanced Micro DevicesAMD	SPTM +0.03 points	1.03%	1.06%
Palantir Technologies Class APLTR	SPTM +0.03 points	0.50%	0.53%
Johnson & JohnsonJNJ	SPTM +0.03 points	0.94%	0.97%
JPMorgan Chase & CoJPM	SPTM +0.03 points	1.26%	1.29%
Morgan StanleyMS	SPTM +0.03 points	0.29%	0.32%
Mastercard Class AMA	SPTM +0.03 points	0.74%	0.77%
WalmartWMT	SPTM +0.02 points	0.78%	0.80%
Exxonmobil Holdings CorpXOM	SPTM +0.03 points	0.96%	0.99%
AbbVieABBV	SPTM +0.02 points	0.73%	0.75%
Costco Wholesale CorpCOST	SPTM +0.02 points	0.66%	0.68%
Applovin Class AAPP	SPTM +0.02 points	0.13%	0.15%
Ge AerospaceGE	SPTM +0.02 points	0.47%	0.49%
Caterpillar IncCAT	SPTM +0.02 points	0.36%	0.38%
Uber TechnologiesUBER	SPTM +0.02 points	0.19%	0.21%
Merck & Co IncMRK	SPTM +0.02 points	0.51%	0.53%
Crowdstrike Holdings Class ACRWD	SPTM +0.01 points	0.31%	0.32%
S&P GlobalSPGI	SPTM +0.02 points	0.19%	0.21%
Philip Morris InternationalPM	SPTM +0.01 points	0.44%	0.45%
Texas InstrumentTXN	SPTM +0.01 points	0.36%	0.37%
Bank of AmericaBAC	SPTM +0.02 points	0.45%	0.47%
Home DepotHD	SPTM +0.02 points	0.48%	0.50%
BoeingBA	SPTM +0.01 points	0.19%	0.20%
UnitedHealth GroupUNH	SPTM +0.01 points	0.50%	0.51%
Procter & GamblePG	SPTM +0.02 points	0.54%	0.56%
RtxRTX	SPTM +0.01 points	0.36%	0.37%
Cisco Systems IncCSCO	SPTM +0.02 points	0.52%	0.54%
Palo Alto NetworksPANW	SPTM +0.01 points	0.36%	0.37%
International Business Machines CoIBM	SPTM +0.01 points	0.33%	0.34%
SalesforceCRM	SPTM +0.01 points	0.24%	0.25%
Applied Material IncAMAT	SPTM +0.01 points	0.37%	0.38%
Goldman Sachs GroupGS	SPTM +0.01 points	0.35%	0.36%
Thermo Fisher ScientificTMO	SPTM +0.02 points	0.36%	0.38%
Mcdonalds CorpMCD	SPTM +0.01 points	0.28%	0.29%
Lumentum HoldingsLITE	SPTM +0.01 points	0.06%	0.07%
Western Digital CorpWDC	SPTM +0.01 points	0.13%	0.14%
Amgen IncAMGN	SPTM +0.01 points	0.35%	0.36%
Tesla IncTSLA	IWV +0.01 points	1.48%	1.47%
Coca-ColaKO	SPTM +0.01 points	0.53%	0.54%
NetflixNFLX	SPTM +0.01 points	0.37%	0.38%
Lam ResearchLRCX	SPTM +0.01 points	0.35%	0.36%
Illinois Tool IncITW	IWV +0.01 points	0.11%	0.10%
AT&TT	SPTM +0.01 points	0.20%	0.21%
Amphenol Corp Class AAPH	SPTM +0.01 points	0.26%	0.27%
PepsicoPEP	SPTM +0.01 points	0.27%	0.28%
Intuitive SurgicalISRG	Same weight	0.23%	0.23%
Linde PLCLIN	Same weight	0.34%	0.34%
Capital One Financial CorpCOF	SPTM +0.01 points	0.17%	0.18%
Medtronic PLCMDT	SPTM +0.01 points	0.18%	0.19%
Lyft Class ALYFT	IWV +0.01 points	<0.01%	<0.01%
TjxTJX	SPTM +0.01 points	0.21%	0.22%
Apollo Global ManagementAPO	SPTM +0.01 points	0.07%	0.08%
DeereDE	SPTM +0.01 points	0.23%	0.24%
Union PacificUNP	SPTM +0.01 points	0.24%	0.25%
CencoraCOR	SPTM +0.01 points	0.09%	0.10%
ProgressivePGR	SPTM +0.01 points	0.19%	0.20%
Block Class AXYZ	SPTM +0.01 points	0.06%	0.07%
Colgate-PalmoliveCL	SPTM +0.01 points	0.11%	0.12%
Hilton Worldwide HoldingsHLT	Same weight	0.12%	0.12%
Air Products and ChemicalsAPD	SPTM +0.01 points	0.09%	0.10%
Analog DevicesADI	SPTM +0.01 points	0.25%	0.26%
Wells FargoWFC	SPTM +0.01 points	0.36%	0.37%
WelltowerWELL	SPTM +0.01 points	0.25%	0.26%
Kimberly ClarkKMB	SPTM +0.01 points	0.09%	0.10%
NewmontNEM	SPTM +0.01 points	0.18%	0.19%
Duke Energy CorpDUK	SPTM +0.01 points	0.14%	0.15%
PfizerPFE	Same weight	0.24%	0.24%
Keurig Dr Pepper IncKDP	Same weight	0.07%	0.07%
QualcommQCOM	Same weight	0.25%	0.25%
Accenture PLC Class AACN	Same weight	0.23%	0.23%
EcolabECL	Same weight	0.11%	0.11%
Hca HealthcareHCA	SPTM +0.01 points	0.10%	0.11%
State StreetSTT	SPTM +0.01 points	0.06%	0.07%
Trane Technologies PLCTT	SPTM +0.01 points	0.12%	0.13%
Rithm CapitalRITM	IWV +0.01 points	<0.01%	<0.01%
Waste Management IncWM	SPTM +0.01 points	0.12%	0.13%
3MMMM	SPTM +0.01 points	0.13%	0.14%
StrykerSYK	SPTM +0.01 points	0.16%	0.17%
Elevance Health IncELV	SPTM +0.01 points	0.13%	0.14%
KlaKLAC	Same weight	0.26%	0.26%
Arista NetworksANET	SPTM +0.01 points	0.25%	0.26%
Royal Caribbean GroupRCL	Same weight	0.12%	0.12%
Bloom Energy Class ABE	Same weight	0.07%	0.07%
Lowes Companies IncLOW	Same weight	0.18%	0.18%
Starbucks CorpSBUX	SPTM +0.01 points	0.17%	0.18%
CitigroupC	SPTM +0.01 points	0.28%	0.29%

All 2,588 IWV holdings⁠All 1,510 SPTM 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.

IWV vs SPTM Cost

Overpaying IWV vs SPTM

$3,517

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

IWV 0.20%
$4,155
SPTM 0.03%
$638

Amount$10,000

Years30 years

Cost over time

IWV 0.20%
SPTM 0.03%
Overpaying

Year by year

Year	IWV	SPTM	Overpaying
10	$365	$55	$310
20	$1,421	$216	$1,205
30	$4,155	$638	$3,517

Expense ratio

0.20%IWV
0.03%SPTM, cheaper

SPTM0.03%IWV0.20%

0.02%0.25%

Middle half of Total US Market funds
Median 0.04%

SPTM 2nd cheapest of 10 funds

IWV 8th cheapest of 10 funds

IWV vs SPTM Dividends

Last 12 months to Nov 9, 2026

Yield (12M): IWV 0.88%; SPTM 1.07%, better
Payout (12M): IWV $3.79; SPTM $0.98
Last payment: IWV $1.00; SPTM $0.25
Ex-dividend: IWV Sep 15, 2026; SPTM Sep 21, 2026
Paid on: IWV Sep 18, 2026; SPTM Sep 23, 2026
Frequency: IWV Quarterly; SPTM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWVQuarterly · 39 paymentsAll IWV payments⁠

SPTMQuarterly · 39 paymentsAll SPTM payments⁠

IWV vs SPTM Risk

Fall from peak · 5 years

IWV
SPTM

Risk facts

VolatilityStd dev, 3 years: IWV 12.6%SPTM 12.3%, better
Return per unit of riskSharpe ratio, 3 years: IWV 1.36SPTM 1.39, better
Worst fallMax drawdown, 5 years: IWV −25.1%SPTM −24.2%, better
Market sensitivityBeta, 5 years: IWV 1.02SPTM 1.01; Market = 1

IWV and SPTM in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026SPTM

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IWV vs SPTM

In short

Stated mandate

Why people hold it

Worth knowing

How IWV and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWV

Only in SPTM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

How IWV and SPTM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in IWV

Only in SPTM

Weight gaps