IWP vs VTI
iShares Russell Midcap Growth ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, IWP or VTI?
Mid Cap Growth against Large Cap Blend.
VTI has a lower expense ratio. IWP led over the full window, VTI over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. IWP is less concentrated, with 21.1% of the fund in its ten largest positions against 33.3%.
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 | IWP | VTI |
|---|---|---|
| Expense Ratio | 0.23% | 0.03%Best |
| AUM | $19.5B | $690.1B |
| Dividend Yield | 0.35% | 1.03% |
| Holdings | 270 | 3,524 |
| YTD Return | +2.45% | +13.35%Best |
| 1Y Return | -1.18% | +15.92%Best |
| 3Y Return (annualized) | +17.03% | +23.41%Best |
| 5Y Return (annualized) | +5.55% | +12.83%Best |
| Volatility (annualized) | 18.4% | 15.3%Best |
| Max Drawdown | -57.3% | -56.6%Best |
| $10,000 over 5 years | $13,101 | $18,286Best |
| Top 10 Weight | 21.1%Best | 33.3% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jul 17, 2001 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Aug 1, 2001 to Oct 2, 2026 (25.2 years).
IWP vs VTI 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 25.2 years both funds cover.
IWP vs VTI Performance
iShares Russell Midcap Growth ETF (IWP) is an ETF from iShares by BlackRock (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year IWP returned -1.18% while VTI returned +15.92%. Year to date, IWP is up 2.45% versus a gain of 13.35% for VTI.
Over three years, IWP compounded at +17.03% per year against +23.41% for VTI; over five years the annualized figures are +5.55% and +12.83% respectively. Across the full 25-year window we track, IWP has the edge at +8.53% annualized vs +8.25%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWP has been the more volatile fund, with annualized monthly volatility of 18.4% compared with 15.3% for VTI. 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 -57.3% for IWP and -56.6% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWP charges 0.23% per year while VTI charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, IWP currently yields 0.35% against 1.03% for VTI.
Holdings Overlap
94.8% of IWP's money is in holdings VTI also owns. 7.2% of VTI's money is in holdings IWP also owns.
Most of IWP is already inside VTI. Owning both mostly buys the same companies twice.
248 positions in common, counted across the 266 positions we hold weights for in IWP and 3,463 in VTI, against full books of 270 and 3,524.
What only one of them owns
Our book lists 921 positions for VTI that do not appear in our book for IWP (90.4% of the fund), and 11 for IWP that do not appear in VTI (2.7%).
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 IWP | Weight in VTI | Difference |
|---|---|---|---|
| SNOWSnowflake Inc | 3.21% | 0.13% | 3.08% |
| NETCloudflare Inc (180 Day Lockup) | 2.82% | 0.12% | 2.70% |
| DDOGDatadog Inc | 2.11% | 0.12% | 1.99% |
| HOODRobinhood Markets Inc - A | 2.08% | 0.09% | 1.99% |
| SPGSimon Property Group Inc | 1.91% | 0.10% | 1.81% |
| LITELumentum Holdings Inc | 1.92% | 0.08% | 1.84% |
| TRGPTarga Resources Corp Preferred | 1.79% | 0.08% | 1.71% |
| MPCMarathon Petroleum Corp | 1.73% | 0.13% | 1.60% |
| CORCencora Inc | 1.75% | 0.08% | 1.67% |
| TERTeradyne Inc - Common | 1.73% | 0.08% | 1.65% |
94.8% of IWP is already inside VTI.
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, IWP or VTI?
IWP has an expense ratio of 0.23% while VTI charges 0.03%. VTI is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, IWP or VTI?
Over the past year IWP returned -1.18% vs +15.92% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (25 years), IWP annualized +8.53% vs +8.25% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWP or VTI?
IWP has been the more volatile fund at 18.4% annualized versus 15.3% for VTI. Worst drawdown: IWP -57.3% vs VTI -56.6%.
Should I hold both IWP and VTI?
IWP and VTI have a monthly-return correlation of 0.94, 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 IWP and VTI?
94.8% of IWP's money is in holdings VTI also owns. 7.2% of VTI's is in holdings IWP also owns. They hold 248 positions in common, counted across the 266 positions we hold weights for in IWP and 3,463 in VTI.
Which pays a higher dividend, IWP or VTI?
IWP yields 0.35% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than IWP?
VTI has a lower expense ratio. IWP led over the full window, VTI over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.94. IWP is less concentrated, with 21.1% of the fund in its ten largest positions against 33.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.