Data as of Oct 28, 2026.
IWD vs SPYD: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWD returned +27.5% to SPYD's +15.3%; 10% of their weight is in the same names.
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Net assets on Oct 27, 2026: $83.0bn for iShares Russell 1000 Value ETF and $7.5bn for State Street SPDR Portfolio S&P 500 High Dividend ETF.
Pair scorecard
SPYD costs 0.11 points a year less; their one-year returns differ by 12.2 points; IWD is 11.1 times larger.
| Measure | IWD | SPYD |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.5% | +15.3% |
| Drawdown | ||
| Below its high | 4.1%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | Russell 1000 Value Index | S&P 500 High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.07% |
| Net assets, as of Oct 27, 2026 | $83.0bn | $7.5bn |
| Holdings | ||
| Holdings in common | 10% | |
| Top ten holdings, share of the fund | 29.6% | 16.1% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 30, 2015 to Oct 23, 2026 · 573 weekly returnsIWD returned more: +225.2% to +168.7%. IWD swung less: 16.8% to 19.6%. IWD fell less at its worst: −35.6% to −43.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IWD | SPYD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +225.2% | +168.7% | IWD | Price change plus distributions, reinvested. |
| Annualized | +11.3% | +9.4% | IWD | Total return as a yearly rate. |
| Price return | +156.7% | +61.3% | IWD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.8% | 19.6% | IWD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.0% | 13.8% | IWD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −35.6% | −43.0% | IWD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.59 | 0.44 | IWD | Return above Treasury bills per unit of volatility. |
| Sortino | 0.82 | 0.62 | IWD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.32 | 0.22 | IWD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 573 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWD and SPYD hold 10% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
10% in common
Only in one fund ↓
Side by side
IWD and SPYD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWD and SPYD are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWD follows Russell 1000 Value Index and SPYD follows S&P 500 High Dividend Index.
- Holdings in common. 10% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IWD returned +27.5% and SPYD +15.3% with distributions reinvested, a gap of 12.2 points.
Data as of Oct 28, 2026.
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IWD
IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% 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 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 29.6%.
SPYD
SPYD tracks the S&P 500 High Dividend. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 16.1%. It sat 4.1% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IWD or SPYD?
- In the year to Oct 28, 2026, with distributions reinvested, IWD returned +27.5% and SPYD +15.3%.
- Which is cheaper, IWD or SPYD?
- SPYD 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, IWD against SPYD, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwd-vs-spyd
ETFIQ. (Oct 28, 2026). IWD against SPYD. Retrieved from https://etfiq.com/compare/any/iwd-vs-spyd
[IWD against SPYD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwd-vs-spyd)
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