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FDLO vs IWB: Differences, Returns & Fees

FDLO and IWB hold 35% of their weight in the same names, and IWB returned +16.6% over the year. Net assets: $1.4bn on Sep 30, 2026 for Fidelity Low Volatility Factor ETF, and $49.6bn on Oct 9, 2026 for iShares Russell 1000 ETF.

Both cost 0.15% a year; their one-year returns differ by 4.5 points; IWB is far larger, $48.6bn against $1.4bn.

Points (pts) are percentage points.

FDLO vs IWB: Differences, Returns & Fees
FDLOIWB
Expense ratio0.15%0.15%
Net assets, as of Sep 30, 2026$1.4bn$48.6bn
Total return, 1 year+12.1%+16.6%
What it tracksFidelity U.S. Low Volatility Factor IndexRussell 1000 Index
Holdings in common35%
Top ten holdings, share of the fund38.5%36.1%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+12.1%
FDLO total return, 1 year
+16.6%
IWB total return, 1 year
0.15%
FDLO expense ratio
0.15%
IWB expense ratio

What they hold in common

By the books each fund has filed, FDLO and IWB hold 35% 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 Jul 31, 2026 and Oct 9, 2026.

half

35% in common

Positions both hold, largest shared weight first
Holding FDLO IWB
APPLE INC 7.98% 6.77%
MICROSOFT CORP 6.33% 5.53%
AMAZON.COM INC 4.48% 3.54%
ALPHABET INC 6.20% 2.85%
BROADCOM INC 4.08% 2.34%
EXXONMOBIL HOLDINGS CORP 1.13% 0.97%
VISA INC 1.37% 0.91%
ABBVIE INC 1.16% 0.68%
WALMART INC 0.89% 0.68%
MASTERCARD INC 1.12% 0.66%
CISCO SYSTEMS INC 2.20% 0.65%
BANK OF AMERICA CORPORATION 1.07% 0.49%
Only in FDLO
JPMORGAN CHASE and CO 1.87%
BERKSHIRE HATHAWAY INC DEL 1.81%
ELI LILLY and CO 1.80%
TEXAS INSTRUMENTS INC. 1.69%
AMPHENOL CORPORATION NEW 1.61%
JOHNSON and JOHNSON 1.39%
IBM CORPORATION 1.13%
MERCK and CO INC 0.95%
Only in IWB
NVIDIA 7.44%
ALPHABET CLASS C 2.30%
META PLATFORMS CLASS A 2.20%
MICRON TECHNOLOGY 1.61%
TESLA INC 1.56%
ADVANCED MICRO DEVICES 1.38%
BERKSHIRE HATHAWAY INC CLASS B 1.34%
ELI LILLY 1.31%

Check overlap with more funds →

On the same fields

FDLO
Fidelity Low Volatility Factor ETF
IWB
iShares Russell 1000 ETF
Where it sits Stock ETF Stock ETF
Issuer Fidelity iShares
What it is Tracks an index Tracks the Russell 1000
Total return, 1 year +12.1% +16.6%
Its benchmark over the same days not published +16.8% (VONE)
Gap to its benchmark not available −0.1 pts vs VONE
Expense ratio 0.15% 0.15%
Already in the S&P 500 96.3% 91.7%
Holdings 123 1025
Net assets, FDLO as of Sep 30, 2026 and IWB as of Oct 9, 2026 $1.4bn $49.6bn

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

About FDLO

FDLO tracks an index. Over the year to Oct 9, 2026 it returned +12.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 123 positions, with the top ten at 38.5%.

About IWB

IWB tracks the Russell 1000. Over the year to Oct 9, 2026 it returned +16.6% with distributions reinvested, against +16.8% for its benchmark, the Russell 1000 Index. By its holdings published by its issuer for Oct 9, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 36.1%.

Questions people ask

Which returned more over the last year, FDLO or IWB?
In the year to Oct 9, 2026, with distributions reinvested, FDLO returned +12.1% and IWB +16.6%.
Which is cheaper, FDLO or IWB?
Neither: FDLO and IWB both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FDLO and IWB overlap with the S&P 500?
By their latest filed holdings, 96% of FDLO and 92% of IWB by weight is stocks the S&P 500 already holds.
Other comparisons
FDLO vs QUALFDLO vs SCHBFDLO vs RDVYFDLO vs USMVIWB vs LRGCFQAL vs IWBFVAL vs IWBIWB vs QQQE
FDLO on its own →IWB on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FDLO filings on SEC EDGAR ↗FDLO prospectus with the expense ratio (SEC) ↗Fidelity website ↗IWB filings on SEC EDGAR ↗IWB prospectus with the expense ratio (SEC) ↗iShares page for IWB ↗

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, FDLO against IWB, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdlo-vs-iwb

Open data

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