Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWB vs VNQ: how they differ
IWB and VNQ hold 2% of their weight in the same names, and IWB returned more over the year.
iShares Russell 1000 ETF and Vanguard Real Estate Index Fund.
What they hold in common
By the books each fund has filed, IWB and VNQ hold 2% of their money in the same securities at the same weight.
| Holding | IWB | VNQ |
|---|---|---|
| WELLTOWER INC. | 0.23% | 7.86% |
| PROLOGIS, INC. | 0.18% | 7.02% |
| EQUINIX, INC. | 0.15% | 5.66% |
| AMERICAN TOWER CORPORATION | 0.11% | 4.55% |
| SIMON PROPERTY GROUP, INC. | 0.10% | 3.54% |
| DIGITAL REALTY TRUST, INC. | 0.09% | 3.67% |
| REALTY INCOME CORPORATION | 0.08% | 3.12% |
| PUBLIC STORAGE. | 0.07% | 2.54% |
| VENTAS, INC. | 0.06% | 2.20% |
| CBRE GROUP, INC. | 0.06% | 2.26% |
| IRON MOUNTAIN INCORPORATED | 0.05% | 1.98% |
| CROWN CASTLE INC. | 0.05% | 2.06% |
| Only in IWB | Only in VNQ |
|---|---|
| NVIDIA CORPORATION 6.73% | Vanguard Real Estate II Index Fund 14.67% |
| APPLE INC. 6.03% | CareTrust REIT Inc 0.47% |
| MICROSOFT CORPORATION 4.00% | Terreno Realty Corp 0.36% |
| AMAZON.COM, INC. 3.33% | Ryman Hospitality Properties Inc 0.34% |
| ALPHABET INC. 3.00% | Essential Properties Realty Trust Inc 0.33% |
| BROADCOM INC. 2.54% | Kite Realty Group Trust 0.30% |
| ALPHABET INC. 2.42% | Macerich Co/The 0.30% |
| MICRON TECHNOLOGY, INC. 1.88% | Sabra Health Care REIT Inc 0.27% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| IWB iShares Russell 1000 ETF | VNQ Vanguard Real Estate Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | Russell 1000 | US real estate |
| Total return, 1 year | +16.7% | +5.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.8 pts | −11.9 pts |
| Expense ratio | 0.15% | 0.13% |
| Already in the S&P 500 | 91.9% | 63.3% |
| Holdings | 1024 | 146 |
IWB in plain words
IWB is an index equity fund tracking the Russell 1000. Over the year to Sep 11, 2026 it returned +16.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1024 positions, with the top ten at 33.5%.
VNQ in plain words
VNQ is an index equity fund tracking the US real estate. Over the year to Sep 11, 2026 it returned +5.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.13% a year. By its holdings filed for Apr 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 54.9%. It sat 6.1% below its high of Jul 28, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWB or VNQ?
- In the year to Sep 12, 2026, with distributions reinvested, IWB returned +16.7% and VNQ returned +5.6%, so IWB returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWB or VNQ?
- IWB charges 0.15% a year and VNQ charges 0.13%, so VNQ is cheaper. Fees come from each fund's prospectus.
- How much do IWB and VNQ overlap with the S&P 500?
- By their latest filed holdings, 92% of IWB and 63% of VNQ by weight is stocks the S&P 500 already holds. Between the two funds, 2% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IWB against VNQ, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWB-VNQ Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources