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IWB vs USPX: Differences, Returns & Fees

IWB and USPX hold 89% of their weight in the same names. Net assets on Oct 9, 2026: $49.6bn for iShares Russell 1000 ETF and $2.1bn for Franklin U.S. Equity Index ETF.

USPX costs 0.12 points a year less; their one-year returns differ by 0.3 points; IWB is far larger, $49.6bn against $2.1bn.

IWB vs USPX: Differences, Returns & Fees
IWBUSPX
Expense ratio0.15%0.03%
Net assets$49.6bn$2.1bn
Total return, 1 year+16.6%+16.9%
What it tracksRussell 1000 IndexLinked Morningstar US Target Market Exposure Index ††
Holdings in common89%
Top ten holdings, share of the fund36.1%36.2%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+16.6%
IWB total return, 1 year
+16.9%
USPX total return, 1 year
0.15%
IWB expense ratio
0.03%
USPX expense ratio

What they hold in common

By the books each fund has filed, IWB and USPX hold 89% 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 Jun 30, 2026 and Oct 9, 2026.

half

89% in common

Positions both hold, largest shared weight first
Holding IWB USPX
NVIDIA 7.44% 7.29%
APPLE 6.77% 6.59%
MICROSOFT 5.53% 4.31%
AMAZON.COM INC 3.54% 3.64%
ALPHABET CLASS A 2.85% 3.25%
BROADCOM INC 2.34% 2.73%
ALPHABET CLASS C 2.30% 2.59%
META PLATFORMS CLASS A 2.20% 1.92%
MICRON TECHNOLOGY 1.61% 2.02%
TESLA INC 1.56% 1.84%
ADVANCED MICRO DEVICES 1.38% 1.48%
BERKSHIRE HATHAWAY INC CLASS B 1.34% 1.44%
Only in IWB
SPACE EXPLORATION TECHNOLOGIES COR 0.14%
SPOTIFY TECHNOLOGY 0.12%
MODERNA 0.11%
NATERA 0.08%
NU HOLDINGS CLASS A 0.08%
ANGLOGOLD ASHANTI PLC 0.07%
VYLOR 0.07%
VIVMARK RESIDENTIAL 0.06%
Only in USPX
SEAGATE TECHNOLOGY HOLDINGS PLC 0.34%
MERCADOLIBRE INC 0.12%
NXP SEMICONDUCTORS NV 0.10%
WARNER BROS. DISCOVERY INC 0.10%
TE CONNECTIVITY PLC 0.09%
ELECTRONIC ARTS INC 0.07%
AVALONBAY COMMUNITIES INC 0.04%
EQUITY RESIDENTIAL 0.04%

Check overlap with more funds →

On the same fields

IWB
iShares Russell 1000 ETF
USPX
Franklin U.S. Equity Index ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Franklin
What it is Tracks the Russell 1000 Tracks an index
Total return, 1 year +16.6% +16.9%
Its benchmark over the same days +16.8% (VONE) +16.9% (BBUS)
Gap to its benchmark −0.1 pts vs VONE 0.0 pts vs BBUS
Expense ratio 0.15% 0.03%
Already in the S&P 500 91.7% 97.9%
Holdings 1025 468
Net assets $49.6bn $2.1bn

IWB and USPX 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 USPX

USPX tracks an index. Over the year to Oct 9, 2026 it returned +16.9% with distributions reinvested, against +16.9% for its benchmark, the Linked Morningstar US Target Market Exposure Index ††. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 468 positions, with the top ten at 36.2%.

Questions people ask

Which returned more over the last year, IWB or USPX?
In the year to Oct 9, 2026, with distributions reinvested, IWB returned +16.6% and USPX +16.9%.
Which is cheaper, IWB or USPX?
USPX is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWB and USPX overlap with the S&P 500?
By their latest filed holdings, 92% of IWB and 98% of USPX by weight is stocks the S&P 500 already holds.
Other comparisons
IWB vs LCAPDFSU vs IWBIWB vs SFLREUSA vs IWBQUAL vs USPXSCHB vs USPXRDVY vs USPXUSMV vs USPX
IWB on its own →USPX on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IWB filings on SEC EDGAR ↗IWB prospectus with the expense ratio (SEC) ↗iShares page for IWB ↗USPX filings on SEC EDGAR ↗USPX prospectus with the expense ratio (SEC) ↗Franklin website ↗

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 USPX, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwb-vs-uspx

Open data

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