Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWB vs XLC: how they differ
IWB and XLC hold 9% of their weight in the same names, and IWB returned more over the year.
iShares Russell 1000 ETF and State Street(R) Communication Services Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, IWB and XLC hold 9% of their money in the same securities at the same weight.
| Holding | IWB | XLC |
|---|---|---|
| ALPHABET INC. | 3.00% | 13.10% |
| ALPHABET INC. | 2.42% | 10.44% |
| META PLATFORMS, INC. | 1.79% | 19.93% |
| NETFLIX, INC. | 0.43% | 4.84% |
| VERIZON COMMUNICATIONS INC. | 0.26% | 4.15% |
| THE WALT DISNEY COMPANY | 0.25% | 4.49% |
| AT&T INC. | 0.20% | 4.10% |
| COMCAST CORPORATION | 0.12% | 4.71% |
| T-MOBILE US, INC. | 0.12% | 4.16% |
| WARNER BROS. DISCOVERY, INC. | 0.09% | 4.67% |
| ELECTRONIC ARTS INC. | 0.07% | 4.64% |
| TAKE-TWO INTERACTIVE SOFTWARE, INC. | 0.07% | 5.26% |
| Only in IWB | Only in XLC |
|---|---|
| NVIDIA CORPORATION 6.73% | Paramount Skydance Corp 0.38% |
| APPLE INC. 6.03% | |
| MICROSOFT CORPORATION 4.00% | |
| AMAZON.COM, INC. 3.33% | |
| BROADCOM INC. 2.54% | |
| MICRON TECHNOLOGY, INC. 1.88% | |
| TESLA, INC. 1.77% | |
| ELI LILLY AND COMPANY 1.38% |
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.
| IWB iShares Russell 1000 ETF | XLC State Street(R) Communication Services Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | Russell 1000 | Communication services |
| Total return, 1 year | +16.7% | −2.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.8 pts | −19.5 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 91.9% | 100.0% |
| Holdings | 1024 | 23 |
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%.
XLC in plain words
XLC is an index equity fund tracking the Communication services. Over the year to Sep 11, 2026 it returned −2.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 23 positions, with the top ten at 76.2%. It sat 5.7% below its high of Jan 30, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWB or XLC?
- In the year to Sep 12, 2026, with distributions reinvested, IWB returned +16.7% and XLC returned −2.0%, so IWB returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWB or XLC?
- IWB charges 0.15% a year and XLC charges 0.08%, so XLC is cheaper. Fees come from each fund's prospectus.
- How much do IWB and XLC overlap with the S&P 500?
- By their latest filed holdings, 92% of IWB and 100% of XLC by weight is stocks the S&P 500 already holds. Between the two funds, 9% 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 XLC, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWB-XLC Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources