IWD vs VOO
iShares Russell 1000 Value ETF vs Vanguard S&P 500 ETF
Which is better, IWD or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. IWD led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. IWD is less concentrated, with 28.8% of the fund in its ten largest positions against 36.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IWD | VOO |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $83.6B | $997.4B |
| Dividend Yield | 1.36% | 1.04% |
| Holdings | 874 | 509 |
| YTD Return | +21.28%Best | +12.50% |
| 1Y Return | +27.42%Best | +17.58% |
| 3Y Return (annualized) | +19.58% | +21.27%Best |
| 5Y Return (annualized) | +11.81% | +12.95%Best |
| Volatility (annualized) | 14.3% | 14.1%Best |
| Max Drawdown | -38.5% | -34.3%Best |
| $10,000 over 5 years | $17,474 | $18,384Best |
| Top 10 Weight | 28.8%Best | 36.4% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | May 22, 2000 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
IWD vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
IWD vs VOO Performance
iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IWD returned +27.42% while VOO returned +17.58%. Year to date, IWD is up 21.28% versus a gain of 12.50% for VOO.
Over three years, IWD compounded at +19.58% per year against +21.27% for VOO; over five years the annualized figures are +11.81% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs +10.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 14.3% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.5% for IWD and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWD charges 0.18% per year while VOO charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, IWD currently yields 1.36% against 1.04% for VOO.
Holdings Overlap
89.5% of IWD's money is in holdings VOO also owns. 61.2% of VOO's money is in holdings IWD also owns.
Most of IWD is already inside VOO. Owning both mostly buys the same companies twice.
418 positions in common, counted across the 868 positions we hold weights for in IWD and 505 in VOO, against full books of 874 and 509.
What only one of them owns
Our book lists 82 positions for VOO that do not appear in our book for IWD (38.4% of the fund), and 381 for IWD that do not appear in VOO (9.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IWD | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple, Inc | 5.47% | 6.59% | 1.12% |
| AMZNAmazon.Com Inc | 6.44% | 3.62% | 2.82% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.81% | 4.30% | 0.51% |
| BRK.BBerkshire Hathaway B | 2.57% | 1.42% | 1.15% |
| JPMJpmorgan Chase & Co. | 2.55% | 1.26% | 1.29% |
| JNJJohnson & Johnson | 1.65% | 0.95% | 0.70% |
| XOMExxon Mobil Corp. | 1.68% | 0.88% | 0.80% |
| METAMeta Platforms, Inc. | 0.62% | 1.92% | 1.30% |
| INTCIntel Corp. | 1.18% | 1.02% | 0.16% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.27% | 0.72% | 0.55% |
89.5% of IWD is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWD or VOO?
IWD has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, IWD or VOO?
Over the past year IWD returned +27.42% vs +17.58% for VOO, so IWD leads on 1-year performance. Over the longest common window we track (16 years), IWD annualized +10.42% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWD or VOO?
IWD has been the more volatile fund at 14.3% annualized versus 14.1% for VOO. Worst drawdown: IWD -38.5% vs VOO -34.3%.
Should I hold both IWD and VOO?
IWD and VOO have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWD and VOO?
89.5% of IWD's money is in holdings VOO also owns. 61.2% of VOO's is in holdings IWD also owns. They hold 418 positions in common, counted across the 868 positions we hold weights for in IWD and 505 in VOO.
Which pays a higher dividend, IWD or VOO?
IWD yields 1.36% while VOO yields 1.04%, so IWD currently pays the higher dividend yield.
Is VOO better than IWD?
VOO has a lower expense ratio. IWD led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. IWD is less concentrated, with 28.8% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.