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IWD vs RWL: Differences, Returns & Fees

IWD and RWL hold 57% of their weight in the same names, and IWD returned +26.4% over the year. Net assets on Oct 9, 2026: $82.9bn for iShares Russell 1000 Value ETF and $10.0bn for Invesco S&P 500 Revenue ETF.

IWD costs 0.21 points a year less; their one-year returns differ by 5.3 points; IWD is 8.3 times larger.

IWD vs RWL: Differences, Returns & Fees
IWDRWL
Expense ratio0.18%0.39%
Net assets$82.9bn$10.0bn
Total return, 1 year+26.4%+21.1%
What it tracksRussell 1000 Value IndexS&P 500 Revenue-Weighted Index
Holdings in common57%
Holdings datedOct 9, 2026Oct 10, 2026
Top ten holdings, share of the fund30.0%24.0%

Holdings in common uses holdings dated Oct 9, 2026.

+26.4%
IWD total return, 1 year
+21.1%
RWL total return, 1 year
0.18%
IWD expense ratio
0.39%
RWL expense ratio

What they hold in common

By the books each fund has filed, IWD and RWL hold 57% 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

57% in common

Positions both hold, largest shared weight first
Holding IWD RWL
AMAZON.COM INC 6.28% 4.05%
APPLE 6.01% 2.50%
BERKSHIRE HATHAWAY INC CLASS B 2.59% 1.97%
EXXONMOBIL HOLDINGS CORP 1.87% 1.88%
MICROSOFT 5.35% 1.81%
JPMORGAN CHASE & CO 2.40% 1.41%
WALMART 1.20% 3.89%
CHEVRON 1.06% 1.05%
UNITEDHEALTH GROUP 0.92% 2.18%
BANK OF AMERICA 0.88% 0.85%
META PLATFORMS CLASS A 0.77% 1.26%
COSTCO WHOLESALE CORP 0.64% 1.55%
Only in IWD
CHENIERE ENERGY 0.15%
STRATEGY INC CLASS A 0.15%
OKTA CLASS A 0.10%
TWILIO CLASS A 0.10%
SUNBELT RENTALS HOLDINGS INC 0.08%
ZOOM COMMUNICATIONS CLASS A 0.07%
ENTEGRIS INC 0.06%
MARKEL GROUP 0.06%
Only in RWL
Cencora Inc 1.67%
NVIDIA Corp 1.56%
Alphabet Inc 1.19%
Alphabet Inc 1.19%
Tesla Inc 0.54%
Micron Technology Inc 0.45%
Broadcom Inc 0.44%
Eli Lilly & Co 0.42%

Check overlap with more funds →

On the same fields

IWD
iShares Russell 1000 Value ETF
RWL
Invesco S&P 500 Revenue ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Invesco
What it is Tracks the Russell 1000 value Tracks an index
Total return, 1 year +26.4% +21.1%
Its benchmark over the same days +26.5% (VONV) not published
Gap to its benchmark −0.1 pts vs VONV not available
Expense ratio 0.18% 0.39%
Already in the S&P 500 90.0% 99.4%
Holdings 871 505
Net assets $82.9bn $10.0bn

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

About IWD

IWD tracks the Russell 1000 value. Over the year to Oct 9, 2026 it returned +26.4% with distributions reinvested, against +26.5% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 9, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 30.0%.

About RWL

RWL tracks an index. Over the year to Oct 9, 2026 it returned +21.1% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings published by its issuer for Oct 10, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 24.0%.

Questions people ask

Which returned more over the last year, IWD or RWL?
In the year to Oct 9, 2026, with distributions reinvested, IWD returned +26.4% and RWL +21.1%.
Which is cheaper, IWD or RWL?
IWD is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWD and RWL overlap with the S&P 500?
By their latest filed holdings, 90% of IWD and 99% of RWL by weight is stocks the S&P 500 already holds.
Other comparisons
IWD vs PRFIWD vs VLUEIWD vs PVALFDL vs IWDRWL vs VTVRWL vs VLUERWL vs SPYDRWL vs SPLV
IWD on its own →RWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IWD filings on SEC EDGAR ↗IWD prospectus with the expense ratio (SEC) ↗iShares page for IWD ↗RWL filings on SEC EDGAR ↗RWL prospectus with the expense ratio (SEC) ↗Invesco page for RWL ↗

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, IWD against RWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwd-vs-rwl

Open data

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