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IWL vs IWV: Differences, Returns & Fees

IWL and IWV hold 78% of their weight in the same names. Net assets on Oct 9, 2026: $2.3bn for iShares Russell Top 200 ETF and $20.6bn for iShares Russell 3000 ETF.

IWL costs 0.05 points a year less; their one-year returns differ by 0.1 points; IWV is 9.0 times larger.

IWL vs IWV: Differences, Returns & Fees
IWLIWV
Expense ratio0.15%0.20%
Net assets$2.3bn$20.6bn
Total return, 1 year+16.8%+16.7%
What it tracksRussell Top 200 IndexRussell 3000 Index
Holdings in common78%
Top ten holdings, share of the fund44.6%34.7%

Holdings in common uses holdings dated Oct 9, 2026.

+16.8%
IWL total return, 1 year
+16.7%
IWV total return, 1 year
0.15%
IWL expense ratio
0.20%
IWV expense ratio

What they hold in common

By the books each fund has filed, IWL and IWV hold 78% 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

78% in common

Positions both hold, largest shared weight first
Holding IWL IWV
NVIDIA 9.18% 7.15%
APPLE 8.35% 6.51%
MICROSOFT 6.82% 5.32%
AMAZON.COM INC 4.37% 3.40%
ALPHABET CLASS A 3.52% 2.74%
BROADCOM INC 2.89% 2.25%
ALPHABET CLASS C 2.84% 2.21%
META PLATFORMS CLASS A 2.71% 2.11%
MICRON TECHNOLOGY 1.99% 1.55%
TESLA INC 1.92% 1.49%
ADVANCED MICRO DEVICES 1.70% 1.32%
BERKSHIRE HATHAWAY INC CLASS B 1.65% 1.28%
Only in IWL
Only in IWV
MARATHON PETROLEUM 0.18%
SNOWFLAKE 0.17%
CLOUDFLARE CLASS A 0.15%
PHILLIPS 66 0.15%
DATADOG INC CLASS A 0.13%
HEWLETT PACKARD ENTERPRISE 0.13%
LUMENTUM HOLDINGS 0.11%
MODERNA 0.11%

Check overlap with more funds →

On the same fields

IWL
iShares Russell Top 200 ETF
IWV
iShares Russell 3000 ETF
Where it sits Stock ETF Stock ETF
Issuer iShares iShares
What it is Tracks an index Tracks an index
Total return, 1 year +16.8% +16.7%
Its benchmark over the same days not published +16.8% (VTHR)
Gap to its benchmark not available −0.1 pts vs VTHR
Expense ratio 0.15% 0.20%
Already in the S&P 500 99.2% 87.8%
Holdings 202 2600
Net assets $2.3bn $20.6bn

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

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

About IWV

IWV tracks an index. Over the year to Oct 9, 2026 it returned +16.7% with distributions reinvested, against +16.8% for its benchmark, the Russell 3000 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,600 positions, with the top ten at 34.7%.

Questions people ask

Which returned more over the last year, IWL or IWV?
In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and IWV +16.7%.
Which is cheaper, IWL or IWV?
IWL 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 IWL and IWV overlap with the S&P 500?
By their latest filed holdings, 99% of IWL and 88% of IWV by weight is stocks the S&P 500 already holds.
Other comparisons
IWL vs OEFDFUS vs IWLIWL vs MTUMIWL vs SPHQIWV vs TILTIWV vs TMFCIWV vs USPXIWV vs JPEF
IWL on its own →IWV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IWL and IWV filings on SEC EDGAR ↗IWL and IWV prospectus with the expense ratio (SEC) ↗iShares page for IWL ↗iShares page for IWV ↗

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, IWL against IWV, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwl-vs-iwv

Open data

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