Which returned more over the last year, IWB or IWL?

In the year to Oct 9, 2026, with distributions reinvested, IWB returned +16.6% and IWL +16.8%.

Which is cheaper, IWB or IWL?

Neither: IWB and IWL both charge 0.15% a year. Fees come from each fund's prospectus.

How much do IWB and IWL overlap with the S&P 500?

By their latest filed holdings, 92% of IWB and 99% of IWL by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

IWB vs IWL: Differences, Returns & Fees

IWB and IWL hold 81% of their weight in the same names. Net assets on Oct 9, 2026: $49.6bn for iShares Russell 1000 ETF and $2.3bn for iShares Russell Top 200 ETF.

Both cost 0.15% a year; their one-year returns differ by 0.2 points; IWB is far larger, $49.6bn against $2.3bn.

Points (pts) are percentage points.

IWB vs IWL: Differences, Returns & Fees
	IWB	IWL
Expense ratio	0.15%	0.15%
Net assets	$49.6bn	$2.3bn
Total return, 1 year	+16.6%	+16.8%
What it tracks	Russell 1000 Index	Russell Top 200 Index
Holdings in common	81%
Top ten holdings, share of the fund	36.1%	44.6%

Holdings in common uses holdings dated Oct 9, 2026.

+16.6%

IWB total return, 1 year

+16.8%

IWL total return, 1 year

0.15%

IWB expense ratio

0.15%

IWL expense ratio

What they hold in common

By the books each fund has filed, IWB and IWL hold 81% 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 Oct 9, 2026.

50%

half

81% in common

Positions both hold, largest shared weight first

Holding IWB IWL

NVIDIA 7.44% 9.18%

APPLE 6.77% 8.35%

MICROSOFT 5.53% 6.82%

AMAZON.COM INC 3.54% 4.37%

ALPHABET CLASS A 2.85% 3.52%

BROADCOM INC 2.34% 2.89%

ALPHABET CLASS C 2.30% 2.84%

META PLATFORMS CLASS A 2.20% 2.71%

MICRON TECHNOLOGY 1.61% 1.99%

TESLA INC 1.56% 1.92%

ADVANCED MICRO DEVICES 1.38% 1.70%

BERKSHIRE HATHAWAY INC CLASS B 1.34% 1.65%

Only in IWB

MARATHON PETROLEUM 0.19%

SNOWFLAKE 0.17%

CLOUDFLARE CLASS A 0.16%

PHILLIPS 66 0.16%

HEWLETT PACKARD ENTERPRISE 0.14%

DATADOG INC CLASS A 0.13%

LUMENTUM HOLDINGS 0.12%

ROBINHOOD MARKETS CLASS A 0.12%

Only in IWL

Check overlap with more funds →

On the same fields

IWB

iShares Russell 1000 ETF

IWL

iShares Russell Top 200 ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the Russell 1000 Tracks an index

Total return, 1 year +16.6% +16.8%

Its benchmark over the same days +16.8% (VONE) not published

Gap to its benchmark −0.1 pts vs VONE not available

Expense ratio 0.15% 0.15%

Already in the S&P 500 91.7% 99.2%

Holdings 1025 202

Net assets $49.6bn $2.3bn

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

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. The prospectus expense ratio is 0.15% a year. 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%.

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

Questions people ask

Which returned more over the last year, IWB or IWL?: In the year to Oct 9, 2026, with distributions reinvested, IWB returned +16.6% and IWL +16.8%.
Which is cheaper, IWB or IWL?: Neither: IWB and IWL both charge 0.15% a year. Fees come from each fund's prospectus.
How much do IWB and IWL overlap with the S&P 500?: By their latest filed holdings, 92% of IWB and 99% of IWL by weight is stocks the S&P 500 already holds.

Other comparisons

IWB vs SNPE IWB vs OMFL IWB vs VTHR IWB vs USMC IWL vs QUAL IWL vs SCHB IWL vs RDVY IWL vs USMV

IWB on its own →IWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IWB and IWL filings on SEC EDGAR ↗IWB and IWL prospectus with the expense ratio (SEC) ↗iShares page for IWB ↗iShares page for IWL ↗

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

Open data

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