Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWB vs VPU: how they differ
IWB and VPU hold 2% of their weight in the same names, and IWB returned more over the year.
iShares Russell 1000 ETF and Vanguard Utilities Index Fund.
What they hold in common
By the books each fund has filed, IWB and VPU hold 2% of their money in the same securities at the same weight.
| Holding | IWB | VPU |
|---|---|---|
| NEXTERA ENERGY, INC. | 0.27% | 11.84% |
| THE SOUTHERN COMPANY | 0.16% | 6.70% |
| DUKE ENERGY CORPORATION | 0.14% | 6.31% |
| CONSTELLATION ENERGY CORPORATION. | 0.12% | 5.86% |
| AMERICAN ELECTRIC POWER COMPANY, INC. | 0.11% | 4.47% |
| Dominion Energy, Inc. | 0.09% | 3.78% |
| SEMPRA | 0.09% | 3.85% |
| VISTRA CORP. | 0.08% | 3.59% |
| ENTERGY CORPORATION | 0.08% | 3.22% |
| Xcel Energy Inc. | 0.07% | 3.11% |
| EXELON CORPORATION | 0.07% | 3.05% |
| CONSOLIDATED EDISON, INC. | 0.06% | 2.52% |
| Only in IWB | Only in VPU |
|---|---|
| NVIDIA CORPORATION 6.73% | Ormat Technologies Inc 0.44% |
| APPLE INC. 6.03% | TXNM Energy Inc 0.38% |
| MICROSOFT CORPORATION 4.00% | Portland General Electric Co 0.37% |
| AMAZON.COM, INC. 3.33% | New Jersey Resources Corp 0.37% |
| ALPHABET INC. 3.00% | Black Hills Corp 0.36% |
| BROADCOM INC. 2.54% | Southwest Gas Holdings Inc 0.35% |
| ALPHABET INC. 2.42% | Spire Inc 0.32% |
| MICRON TECHNOLOGY, INC. 1.88% | ONE Gas Inc 0.31% |
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 Jun 30, 2026 and May 31, 2026.
| IWB iShares Russell 1000 ETF | VPU Vanguard Utilities Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | Russell 1000 | Utilities |
| Total return, 1 year | +16.7% | +2.1% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.8 pts | −15.4 pts |
| Expense ratio | 0.15% | 0.09% |
| Already in the S&P 500 | 91.9% | 90.1% |
| Holdings | 1024 | 66 |
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%.
VPU in plain words
VPU is an index equity fund tracking the Utilities. Over the year to Sep 11, 2026 it returned +2.1% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 66 positions, with the top ten at 52.7%. It sat 9.8% below its high of Feb 27, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWB or VPU?
- In the year to Sep 12, 2026, with distributions reinvested, IWB returned +16.7% and VPU returned +2.1%, so IWB returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWB or VPU?
- IWB charges 0.15% a year and VPU charges 0.09%, so VPU is cheaper. Fees come from each fund's prospectus.
- How much do IWB and VPU overlap with the S&P 500?
- By their latest filed holdings, 92% of IWB and 90% of VPU 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.
Other comparisons
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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 VPU, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWB-VPU Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources