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BAFE vs IWV: Differences, Returns & Fees

BAFE and IWV hold 27% of their weight in the same names, and IWV returned +16.7% over the year. Net assets: $1.7bn on Jun 30, 2026 for Brown Advisory Flexible Equity ETF, and $20.6bn on Oct 9, 2026 for iShares Russell 3000 ETF.

IWV costs 0.34 points a year less; their one-year returns differ by 4.4 points; IWV is 11.5 times larger.

BAFE vs IWV: Differences, Returns & Fees
BAFEIWV
Expense ratio0.54%0.20%
Net assets, as of Jun 30, 2026$1.7bn$19.5bn
Total return, 1 year+12.3%+16.7%
What it tracksNo index, actively managedRussell 3000 Index
Holdings in common27%
Top ten holdings, share of the fund42.2%34.7%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+12.3%
BAFE total return, 1 year
+16.7%
IWV total return, 1 year
0.54%
BAFE expense ratio
0.20%
IWV expense ratio

What they hold in common

By the books each fund has filed, BAFE and IWV hold 27% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 9, 2026.

half

27% in common

Positions both hold, largest shared weight first
Holding BAFE IWV
MICROSOFT CORPORATION 4.85% 5.32%
AMAZON.COM, INC. 4.33% 3.40%
NVIDIA CORPORATION 3.06% 7.15%
ALPHABET INC. 4.04% 2.74%
ALPHABET INC. 3.83% 2.21%
META PLATFORMS, INC. 3.64% 2.11%
APPLE INC. 1.69% 6.51%
BERKSHIRE HATHAWAY INC. 3.33% 1.28%
VISA INC. 4.07% 0.87%
MASTERCARD INCORPORATED 3.52% 0.64%
BANK OF AMERICA CORPORATION 1.66% 0.47%
UNITEDHEALTH GROUP INCORPORATED 3.24% 0.46%
Only in BAFE
Taiwan Semiconductor Manufacturing Company Limited 7.09%
KKR & CO. INC. 2.94%
Suncor Energy Inc. 2.24%
GENERAL ELECTRIC COMPANY 1.78%
SAP SE 1.49%
THE TJX COMPANIES, INC. 1.36%
LOWE'S COMPANIES, INC. 0.85%
Nomad Foods Limited 0.48%
Only in IWV
BROADCOM INC 2.25%
MICRON TECHNOLOGY 1.55%
TESLA INC 1.49%
ADVANCED MICRO DEVICES 1.32%
ELI LILLY 1.26%
JPMORGAN CHASE & CO 1.19%
EXXONMOBIL HOLDINGS CORP 0.93%
JOHNSON & JOHNSON 0.84%

Check overlap with more funds →

On the same fields

BAFE
Brown Advisory Flexible Equity ETF
IWV
iShares Russell 3000 ETF
Where it sits Stock ETF Stock ETF
Issuer BROWN iShares
What it is Actively managed Tracks an index
Total return, 1 year +12.3% +16.7%
Its benchmark over the same days +17.3% (VOO) +16.8% (VTHR)
Gap to its benchmark −5.0 pts vs VOO −0.1 pts vs VTHR
Expense ratio 0.54% 0.20%
Already in the S&P 500 77.5% 87.8%
Holdings 44 2600
Net assets, BAFE as of Jun 30, 2026 and IWV as of Oct 9, 2026 $1.7bn $20.6bn

BAFE and IWV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About BAFE

BAFE is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +12.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.54% a year. By its holdings filed for Jun 30, 2026, 78% of the fund by weight is stocks the S&P 500 also holds, across 44 positions, with the top ten at 42.2%.

About IWV

IWV tracks an index. Over the year to Oct 9, 2026 it returned +16.7% with distributions reinvested, against +16.8% for its benchmark, the Russell 3000 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,600 positions, with the top ten at 34.7%.

Questions people ask

Which returned more over the last year, BAFE or IWV?
In the year to Oct 9, 2026, with distributions reinvested, BAFE returned +12.3% and IWV +16.7%.
Which is cheaper, BAFE or IWV?
IWV is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do BAFE and IWV overlap with the S&P 500?
By their latest filed holdings, 78% of BAFE and 88% of IWV by weight is stocks the S&P 500 already holds.
Other comparisons
BAFE vs OEFBAFE vs DFUSBAFE vs MTUMBAFE vs SPHQIWV vs QVMLIWV vs QUSEPS vs IWVIWV vs QDPL
BAFE on its own →IWV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
BAFE filings on SEC EDGAR ↗BAFE prospectus with the expense ratio (SEC) ↗BROWN website ↗IWV filings on SEC EDGAR ↗IWV prospectus with the expense ratio (SEC) ↗iShares page for IWV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, BAFE against IWV, data as of Oct 9, 2026. https://etfiq.com/compare/any/bafe-vs-iwv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.