IWD vs VTV
iShares Russell 1000 Value ETF vs Vanguard Morningstar Value ETF
Which is better, IWD or VTV?
Nearly the same fund. VTV costs less.
VTV has a lower expense ratio. IWD led over 1Y and 3Y, VTV over 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 28.6%.
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 | VTV |
|---|---|---|
| Expense Ratio | 0.18% | 0.03%Best |
| AUM | $83.6B | $187.8B |
| Dividend Yield | 1.36% | 1.82% |
| Holdings | 874 | 311 |
| YTD Return | +20.71%Best | +16.32% |
| 1Y Return | +27.12%Best | +21.94% |
| 3Y Return (annualized) | +20.40%Best | +19.16% |
| 5Y Return (annualized) | +12.31% | +13.02%Best |
| Volatility (annualized) | 15.0% | 14.5%Best |
| Max Drawdown | -61.9% | -61.3%Best |
| $10,000 over 5 years | $17,869 | $18,441Best |
| Top 10 Weight | 28.6% | 22.5%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 22, 2000 | Jan 26, 2004 |
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 21, 2026 (22.6 years).
IWD vs VTV 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 22.6 years both funds cover.
IWD vs VTV Performance
iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US). Over the past year IWD returned +27.12% while VTV returned +21.94%. Year to date, IWD is up 20.71% versus a gain of 16.32% for VTV.
Over three years, IWD compounded at +20.40% per year against +19.16% for VTV; over five years the annualized figures are +12.31% and +13.02% respectively. Across the full 23-year window we track, VTV has the edge at +7.49% annualized vs +7.13%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.5% for VTV. 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 -61.9% for IWD and -61.3% for VTV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 VTV 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 1.82% for VTV.
Holdings Overlap
63.3% of IWD's money is in holdings VTV also owns. 88.5% of VTV's money is in holdings IWD also owns.
Most of VTV is already inside IWD. Owning both mostly buys the same companies twice.
275 positions in common, counted across the 757 positions we hold weights for in IWD and 299 in VTV, against full books of 874 and 311.
What only one of them owns
Our book lists 21 positions for VTV that do not appear in our book for IWD (9.1% of the fund), and 420 for IWD that do not appear in VTV (34.0%).
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 VTV | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 2.53% | 3.50% | 0.97% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.49% | 2.99% | 0.50% |
| XOMExxon Mobil Corp. | 1.78% | 2.39% | 0.61% |
| JNJJohnson & Johnson - Common | 1.70% | 2.29% | 0.59% |
| WMTWalmart, Inc. | 1.12% | 1.81% | 0.69% |
| ABBVAbbvie Inc. | 1.11% | 1.65% | 0.54% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.16% | 1.53% | 0.37% |
| BACBank of America Corp.: Financials | 1.01% | 1.47% | 0.46% |
| CVXChevron Corp | 1.01% | 1.38% | 0.37% |
| UNHUnitedhealth Group Incorporated | 0.93% | 1.40% | 0.47% |
88.5% of VTV is already inside IWD.
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 VTV?
IWD has an expense ratio of 0.18% while VTV charges 0.03%. VTV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, IWD or VTV?
Over the past year IWD returned +27.12% vs +21.94% for VTV, so IWD leads on 1-year performance. Over the longest common window we track (23 years), IWD annualized +7.13% vs +7.49% for VTV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWD or VTV?
IWD has been the more volatile fund at 15.0% annualized versus 14.5% for VTV. Worst drawdown: IWD -61.9% vs VTV -61.3%.
Should I hold both IWD and VTV?
IWD and VTV have a monthly-return correlation of 0.99, 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 VTV?
88.5% of VTV's money is in holdings IWD also owns. 88.5% of VTV's is in holdings IWD also owns. They hold 275 positions in common, counted across the 757 positions we hold weights for in IWD and 299 in VTV.
Which pays a higher dividend, IWD or VTV?
IWD yields 1.36% while VTV yields 1.82%, so VTV currently pays the higher dividend yield.
Is VTV better than IWD?
VTV has a lower expense ratio. IWD led over 1Y and 3Y, VTV over 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. VTV is less concentrated, with 22.5% of the fund in its ten largest positions against 28.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.