Data as of Oct 28, 2026.

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IWD vs VNQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWD returned +27.5% to VNQ's +4.8%; 3% of their weight is in the same names.

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Net assets: $83.0bn on Oct 27, 2026 for iShares Russell 1000 Value ETF, and $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.

At a glance
+27.5%
IWD total return, 1 year
+4.8%
VNQ total return, 1 year
0.18%
IWD expense ratio
0.13%
VNQ expense ratio

Pair scorecard

VNQ costs 0.05 points a year less; their one-year returns differ by 22.7 points; IWD is 2.3 times larger.

IWD vs VNQ: Differences, Returns & Fees
MeasureIWDVNQ
Return
Total return, 1 year+27.5%+4.8%
Drawdown
Below its high8.3%, high on Jul 28, 2026
Benchmark
What it tracksRussell 1000 Value IndexMSCI US Investable Market Real Estate 25/50 Index
Cost and size
Expense ratio0.18%0.13%
Net assets, as of Sep 30, 2026$81.0bn$35.9bn
Holdings
Holdings in common3%
Top ten holdings, share of the fund29.6%55.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

3%

By the books each fund has filed, IWD and VNQ hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

3% in common

Positions both hold · largest shared weight first IWD VNQ
WELLTOWER 0.43% 9.12%
PROLOGIS REIT 0.32% 6.86%
EQUINIX REIT 0.26% 5.65%
DIGITAL REALTY TRUST REIT 0.17% 3.68%
REALTY INCOME REIT 0.14% 2.85%
VIVMARK RESIDENTIAL 0.13% 2.46%
PUBLIC STORAGE REIT 0.12% 2.69%
VENTAS REIT 0.11% 2.34%
CROWN CASTLE INC 0.10% 1.65%
IRON MOUNTAIN INC 0.09% 1.87%
CBRE GROUP CLASS A 0.09% 2.13%
AMERICAN TOWER REIT 0.08% 4.32%
Only in one fund ↓
Only in IWD
APPLE 6.08%
AMAZON.COM INC 5.95%
MICROSOFT 5.21%
BERKSHIRE HATHAWAY INC CLASS B 2.67%
JPMORGAN CHASE & CO 2.37%
EXXONMOBIL HOLDINGS CORP 1.96%
JOHNSON & JOHNSON 1.71%
WALMART 1.26%
Only in VNQ
Vanguard Real Estate II Index Fund 14.51%
Simon Property Group Inc 3.69%
CareTrust REIT Inc 0.49%
Ryman Hospitality Properties Inc 0.41%
Terreno Realty Corp 0.39%
SLCMT1142 0.37%
Macerich Co 0.36%
Compass Inc 0.35%
Check overlap with more funds →

Side by side

IWD iShares Russell 1000 Value ETF VNQ Vanguard Real Estate ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Russell 1000 value Tracks an index of US real estate
Total return, 1 year +27.5% +4.8%
Its benchmark over the same days +27.7% (VONV) not measured
Gap to its benchmark −0.2 pts vs VONV not measured
Expense ratio 0.18% 0.13%
Already in the S&P 500 90.0% 62.8%
Holdings 871 141
Net assets, IWD as of Oct 27, 2026 and VNQ as of Sep 30, 2026 $83.0bn $35.9bn

IWD and VNQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
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%.

VNQ

VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IWD or VNQ?
In the year to Oct 28, 2026, with distributions reinvested, IWD returned +27.5% and VNQ +4.8%.
Which is cheaper, IWD or VNQ?
VNQ is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWD and VNQ overlap with the S&P 500?
By their latest filed holdings, 90% of IWD and 63% of VNQ by weight is stocks the S&P 500 already holds.
Other comparisons
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ETFIQ, IWD against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwd-vs-vnq

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