Data as of Oct 28, 2026.
IWB vs MBB: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWB returned +13.1% to MBB's −0.8%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $49.1bn for iShares Russell 1000 ETF and $35.5bn for iShares MBS ETF.
Pair scorecard
MBB costs 0.11 points a year less; their one-year returns differ by 13.9 points; IWB is 1.4 times larger.
| Measure | IWB | MBB |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.1% | −0.8% |
| Benchmark | ||
| What it tracks | Russell 1000 Index | Bloomberg U.S. MBS Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.04% |
| Net assets | $49.1bn | $35.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 92% | |
| Top ten holdings, share of the fund | 35.3% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 23, 2007 to Oct 23, 2026 · 1,022 weekly returnsEach against its own benchmark: IWB against VONE, Oct 1, 2010 to Oct 23, 2026; MBB against SPMB, Feb 6, 2009 to Oct 23, 2026.
IWB returned more: +639.5% to +63.4%. MBB swung less: 4.2% to 18.2%. MBB fell less at its worst: −17.4% to −54.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IWB | MBB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +639.5% | +63.4% | IWB | Price change plus distributions, reinvested. |
| Annualized | +10.7% | +2.5% | IWB | Total return as a yearly rate. |
| Price return | +430.7% | −9.6% | IWB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.2% | 4.2% | MBB | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.9% | 2.9% | MBB | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.8% | −17.4% | MBB | Deepest fall from a high to the low after it. |
| Upside capture | 100.1% | 77.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 100.1% | 78.4% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.00 | 0.76 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.76 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.24 | IWB | Return above Treasury bills per unit of volatility. |
| Sortino | 0.80 | 0.35 | IWB | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.130 | 0.009 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.20 | 0.15 | IWB | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | VONE | SPMB | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.09 | 0.26 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.5% to +0.5% | −0.8% to +1.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.03 | −0.03 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.0% | 2.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,022 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWB and MBB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IWB and MBB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWB and MBB do different jobs. What does each one do in a portfolio?
- What each follows. IWB follows Russell 1000 Index and MBB follows Bloomberg U.S. MBS Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IWB returned +13.1% and MBB −0.8% with distributions reinvested, a gap of 13.9 points.
Data as of Oct 28, 2026.
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IWB
IWB tracks the Russell 1000. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.2% 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 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 35.3%.
MBB
MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, IWB or MBB?
- In the year to Oct 28, 2026, with distributions reinvested, IWB returned +13.1% and MBB −0.8%.
- Which is cheaper, IWB or MBB?
- MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, IWB against MBB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwb-vs-mbb
ETFIQ. (Oct 28, 2026). IWB against MBB. Retrieved from https://etfiq.com/compare/any/iwb-vs-mbb
[IWB against MBB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwb-vs-mbb)
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