IWB vs PDP: Differences, Returns & Fees

IWB and PDP hold 17% of their weight in the same names, and PDP returned +17.2% over the year. Net assets on Oct 9, 2026: $49.6bn for iShares Russell 1000 ETF and $1.5bn for Invesco Dorsey Wright Momentum ETF.

IWB costs 0.47 points a year less; their one-year returns differ by 0.6 points; IWB is far larger, $49.6bn against $1.5bn.

IWBPDP
Expense ratio0.15%0.62%
Net assets$49.6bn$1.5bn
Total return, 1 year+16.6%+17.2%
What it tracksRussell 1000 IndexDorsey Wright Technical Leaders Index
Holdings in common17%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund36.1%24.1%
Below its high8.2%, high on Jun 22, 2026

Holdings in common uses holdings dated Oct 9, 2026.

+16.6%
IWB total return, 1 year
+17.2%
PDP total return, 1 year
0.15%
IWB expense ratio
0.62%
PDP expense ratio

What they hold in common

By the books each fund has filed, IWB and PDP hold 17% 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.

half

17% in common

Positions both hold, largest shared weight first
Holding IWB PDP
APPLE 6.77% 3.01%
MICRON TECHNOLOGY 1.61% 2.31%
ALPHABET CLASS A 2.85% 1.38%
CISCO SYSTEMS INC 0.65% 0.69%
NVIDIA 7.44% 0.61%
LAM RESEARCH 0.55% 1.41%
MERCK & CO INC 0.50% 0.59%
PALO ALTO NETWORKS 0.47% 0.96%
GE AEROSPACE 0.44% 1.01%
CROWDSTRIKE HOLDINGS CLASS A 0.38% 1.05%
RTX 0.35% 0.56%
MARVELL TECHNOLOGY 0.33% 1.23%
Only in IWB
MICROSOFT 5.53%
AMAZON.COM INC 3.54%
BROADCOM INC 2.34%
ALPHABET CLASS C 2.30%
META PLATFORMS CLASS A 2.20%
TESLA INC 1.56%
ADVANCED MICRO DEVICES 1.38%
BERKSHIRE HATHAWAY INC CLASS B 1.34%
Only in PDP
Moog Inc 1.10%
Invesco Government & Agency Portfolio 0.09%
SECURITIES LENDING - BNYM 0.00%

Check overlap with more funds →

On the same fields

IWB
iShares Russell 1000 ETF
PDP
Invesco Dorsey Wright Momentum ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 1000 Tracks an index
Total return, 1 year +16.6% +17.2%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 −0.6 pts 0.0 pts
Expense ratio 0.15% 0.62%
Already in the S&P 500 91.7% 66.5%
Holdings 1025 102
Net assets $49.6bn $1.5bn

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

IWB in plain words

IWB tracks the Russell 1000. Over the year to Oct 9, 2026 it returned +16.6% with distributions reinvested, against +17.3% for the S&P 500. 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%.

PDP in plain words

PDP tracks an index. Over the year to Oct 9, 2026 it returned +17.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.62% a year. By its holdings published by its issuer for Oct 10, 2026, 66% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 24.1%. It sat 8.2% below its high of Jun 22, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, IWB or PDP?
In the year to Oct 9, 2026, with distributions reinvested, IWB returned +16.6% and PDP +17.2%.
Which is cheaper, IWB or PDP?
IWB is cheaper, by 0.47 percentage points a year. That is about $47 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWB and PDP overlap with the S&P 500?
By their latest filed holdings, 92% of IWB and 66% of PDP by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

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

Open data

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