IUSG vs IWY: Differences, Returns & Fees

IUSG and IWY hold 72% of their weight in the same names, and IUSG returned +15.9% over the year. Net assets on Oct 20, 2026: $33.6bn for iShares Core S&P U.S. Growth ETF and $15.8bn for iShares Russell Top 200 Growth ETF.

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IUSG costs 0.16 points a year less; their one-year returns differ by 11.2 points; IUSG is 2.1 times larger.

IUSG vs IWY: Differences, Returns & Fees
IUSGIWY
Expense ratio0.04%0.20%
Net assets$33.6bn$15.8bn
Total return, 1 year+15.9%+4.7%
What it tracksS&P 900 Growth IndexRussell Top 200 Growth Index
Holdings in common72%
Top ten holdings, share of the fund57.4%60.9%
Below its high4.1%, high on Oct 6, 20265.2%, high on Oct 6, 2026

Holdings in common uses holdings dated Oct 19, 2026.

+15.9%
IUSG total return, 1 year
+4.7%
IWY total return, 1 year
0.04%
IUSG expense ratio
0.20%
IWY expense ratio

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Client brief · page 1 of 2Report BR-05760EB740

IUSG and IWY are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. IUSG follows S&P 900 Growth Index and IWY follows Russell Top 200 Growth Index.
  2. One-year total return. Over 1 year to Oct 20, 2026 IUSG returned +15.9% and IWY +4.7% with distributions reinvested, a gap of 11.2 points.
  3. Number of holdings. IUSG holds 402 positions and IWY holds 102.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, IUSG and IWY hold 72% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.

half

72% in common

Positions both hold, largest shared weight first
Holding IUSG IWY
NVIDIA 13.79% 15.02%
APPLE 6.57% 8.32%
MICROSOFT 10.40% 6.34%
ALPHABET CLASS A 5.30% 6.07%
ALPHABET CLASS C 4.24% 4.89%
BROADCOM INC 4.18% 5.08%
META PLATFORMS CLASS A 4.08% 4.35%
MICRON TECHNOLOGY 2.68% 3.54%
ELI LILLY 2.60% 3.55%
ADVANCED MICRO DEVICES 2.31% 3.10%
TESLA INC 1.69% 3.78%
PALANTIR TECHNOLOGIES CLASS A 1.17% 1.58%
Only in IUSG
BERKSHIRE HATHAWAY INC CLASS B 2.60%
JPMORGAN CHASE & CO 1.58%
JOHNSON & JOHNSON 0.95%
RTX 0.68%
CISCO SYSTEMS INC 0.58%
PHILIP MORRIS INTERNATIONAL 0.46%
WELLTOWER 0.44%
GOLDMAN SACHS GROUP 0.43%
Only in IWY
TEXAS INSTRUMENT 0.92%
HOME DEPOT 0.84%
COSTCO WHOLESALE CORP 0.71%
WESTERN DIGITAL CORP 0.44%
LOCKHEED MARTIN CORP 0.41%
MCKESSON CORP 0.41%
SPACE EXPLORATION TECHNOLOGIES COR 0.30%
SPOTIFY TECHNOLOGY 0.30%

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On the same fields

IUSG
iShares Core S&P U.S. Growth ETF
IWY
iShares Russell Top 200 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +15.9% +4.7%
Its benchmark over the same days not measured +15.0% (IWV)
Gap to its benchmark not measured −10.4 pts vs IWV
Expense ratio 0.04% 0.20%
Already in the S&P 500 94.9% 98.8%
Holdings 402 102
Net assets $33.6bn $15.8bn

IUSG and IWY on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About IUSG

IUSG tracks an index. Over the year to Oct 20, 2026 it returned +15.9% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer for Oct 19, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 402 positions, with the top ten at 57.4%. It sat 4.1% below its high of Oct 6, 2026 on Oct 20, 2026.

About IWY

IWY tracks an index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 19, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 60.9%. It sat 5.2% below its high of Oct 6, 2026 on Oct 20, 2026.

Over the year to Oct 20, 2026 it returned +4.7% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.

Questions people ask

Which returned more over the last year, IUSG or IWY?
In the year to Oct 20, 2026, with distributions reinvested, IUSG returned +15.9% and IWY +4.7%.
Which is cheaper, IUSG or IWY?
IUSG is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IUSG and IWY overlap with the S&P 500?
By their latest filed holdings, 95% of IUSG and 99% of IWY by weight is stocks the S&P 500 already holds.
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ETFIQ, IUSG against IWY, data as of Oct 20, 2026. https://etfiq.com/compare/any/iusg-vs-iwy

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