Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IWB vs XLV: how they differ
IWB and XLV hold 8% of their weight in the same names, and XLV returned more over the year.
iShares Russell 1000 ETF and State Street(R) Health Care Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, IWB and XLV hold 8% of their money in the same securities at the same weight.
| Holding | IWB | XLV |
|---|---|---|
| ELI LILLY AND COMPANY | 1.38% | 16.56% |
| JOHNSON & JOHNSON | 0.88% | 10.67% |
| ABBVIE INC. | 0.64% | 7.76% |
| UNITEDHEALTH GROUP INCORPORATED | 0.54% | 6.59% |
| MERCK & CO., INC. | 0.46% | 5.54% |
| AMGEN INC. | 0.28% | 3.41% |
| THERMO FISHER SCIENTIFIC INCORPORATED | 0.27% | 3.25% |
| ABBOTT LABORATORIES | 0.23% | 2.76% |
| GILEAD SCIENCES, INC. | 0.23% | 2.74% |
| INTUITIVE SURGICAL, INC. | 0.20% | 2.46% |
| PFIZER INC. | 0.20% | 2.40% |
| CVS HEALTH CORPORATION | 0.19% | 2.30% |
| Only in IWB | Only in XLV |
|---|---|
| NVIDIA CORPORATION 6.73% | Medtronic PLC 1.75% |
| APPLE INC. 6.03% | STERIS PLC 0.36% |
| MICROSOFT CORPORATION 4.00% | |
| AMAZON.COM, INC. 3.33% | |
| ALPHABET INC. 3.00% | |
| BROADCOM INC. 2.54% | |
| ALPHABET INC. 2.42% | |
| MICRON TECHNOLOGY, INC. 1.88% |
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 | XLV State Street(R) Health Care Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | Russell 1000 | Health care |
| Total return, 1 year | +16.7% | +20.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.8 pts | +2.9 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 91.9% | 100.0% |
| Holdings | 1024 | 59 |
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%.
XLV in plain words
XLV is an index equity fund tracking the Health care. Over the year to Sep 11, 2026 it returned +20.4% 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 59 positions, with the top ten at 61.7%. It sat 5.9% below its high of Aug 19, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IWB or XLV?
- In the year to Sep 12, 2026, with distributions reinvested, IWB returned +16.7% and XLV returned +20.4%, so XLV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IWB or XLV?
- IWB charges 0.15% a year and XLV charges 0.08%, so XLV is cheaper. Fees come from each fund's prospectus.
- How much do IWB and XLV overlap with the S&P 500?
- By their latest filed holdings, 92% of IWB and 100% of XLV by weight is stocks the S&P 500 already holds. Between the two funds, 8% 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 XLV, data as of Sep 12, 2026. https://etfiq.com/compare/any/IWB-XLV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources