Data as of Oct 28, 2026.
IWD vs XLF: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWD returned +27.5% to XLF's +7.6%; 17% 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 $51.6bn for State Street Financial Select Sector SPDR ETF.
Pair scorecard
XLF costs 0.10 points a year less; their one-year returns differ by 19.9 points; IWD is 1.6 times larger.
| Measure | IWD | XLF |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.5% | +7.6% |
| Drawdown | ||
| Below its high | 3.8%, high on Sep 3, 2026 | |
| Benchmark | ||
| What it tracks | Russell 1000 Value Index | Financial Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.08% |
| Net assets, as of Oct 27, 2026 | $83.0bn | $51.6bn |
| Holdings | ||
| Holdings in common | 17% | |
| Top ten holdings, share of the fund | 29.6% | 57.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 2, 2000 to Oct 23, 2026 · 1,377 weekly returnsIWD returned more: +688.9% to +330.4%. IWD swung less: 17.8% to 25.8%. IWD fell less at its worst: −59.8% to −82.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IWD | XLF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +688.9% | +330.4% | IWD | Price change plus distributions, reinvested. |
| Annualized | +8.1% | +5.7% | IWD | Total return as a yearly rate. |
| Price return | +343.1% | +107.5% | IWD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.8% | 25.8% | IWD | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.7% | 17.7% | IWD | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −59.8% | −82.7% | IWD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.43 | 0.27 | IWD | Return above Treasury bills per unit of volatility. |
| Sortino | 0.60 | 0.40 | IWD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.07 | IWD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,377 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWD and XLF hold 17% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
17% in common
Only in one fund ↓
Side by side
IWD and XLF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWD and XLF do different jobs. What does each one do in a portfolio?
- What each follows. IWD follows Russell 1000 Value Index and XLF follows Financial Select Sector Index.
- Holdings in common. 17% 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 XLF +7.6% with distributions reinvested, a gap of 19.9 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%.
XLF
XLF tracks an index of Financials. Over the year to Oct 28, 2026 it returned +7.6% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 57.4%. It sat 3.8% below its high of Sep 3, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IWD or XLF?
- In the year to Oct 28, 2026, with distributions reinvested, IWD returned +27.5% and XLF +7.6%.
- Which is cheaper, IWD or XLF?
- XLF is cheaper, by 0.10 percentage points a year. That is about $10 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 XLF, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwd-vs-xlf
ETFIQ. (Oct 28, 2026). IWD against XLF. Retrieved from https://etfiq.com/compare/any/iwd-vs-xlf
[IWD against XLF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwd-vs-xlf)
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