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IWL vs VOO: Differences, Returns & Fees

IWL and VOO hold 86% of their weight in the same names. Net assets: $2.3bn on Oct 9, 2026 for iShares Russell Top 200 ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

VOO costs 0.12 points a year less; their one-year returns differ by 0.5 points; VOO is far larger, $1.0tn against $2.2bn.

IWL vs VOO: Differences, Returns & Fees
IWLVOO
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$2.2bn$1.0tn
Total return, 1 year+16.8%+17.3%
What it tracksRussell Top 200 IndexS&P 500 Index
Holdings in common86%
Top ten holdings, share of the fund44.6%37.8%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.

+16.8%
IWL total return, 1 year
+17.3%
VOO total return, 1 year
0.15%
IWL expense ratio
0.03%
VOO expense ratio

What they hold in common

By the books each fund has filed, IWL and VOO hold 86% 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 Aug 31, 2026 and Oct 9, 2026.

half

86% in common

Positions both hold, largest shared weight first
Holding IWL VOO
NVIDIA 9.18% 8.09%
APPLE 8.35% 7.04%
MICROSOFT 6.82% 5.70%
AMAZON.COM INC 4.37% 3.85%
ALPHABET CLASS A 3.52% 3.01%
BROADCOM INC 2.89% 2.65%
ALPHABET CLASS C 2.84% 2.40%
META PLATFORMS CLASS A 2.71% 1.90%
MICRON TECHNOLOGY 1.99% 1.64%
TESLA INC 1.92% 1.57%
JPMORGAN CHASE & CO 1.53% 1.44%
BERKSHIRE HATHAWAY INC CLASS B 1.65% 1.40%
Only in IWL
SPACE EXPLORATION TECHNOLOGIES COR 0.17%
SPOTIFY TECHNOLOGY 0.14%
BLOOM ENERGY CLASS A 0.13%
NU HOLDINGS CLASS A 0.10%
STRATEGY INC CLASS A 0.09%
BROOKFIELD ASSET MANAGEMENT VOTING 0.03%
SOUTHERN COPPER CORP 0.03%
MOBILITY GLOBAL INC 0.01%
Only in VOO
Seagate Technology Holdings PLC 0.28%
Marathon Petroleum Corp 0.17%
Phillips 66 0.15%
Robinhood Markets Inc 0.12%
Datadog Inc 0.12%
Lumentum Holdings Inc 0.11%
Warner Bros Discovery Inc 0.11%
Hewlett Packard Enterprise Co 0.10%

Check overlap with more funds →

On the same fields

IWL
iShares Russell Top 200 ETF
VOO
Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
Issuer iShares Vanguard
What it is Tracks an index Tracks the S&P 500
Total return, 1 year +16.8% +17.3%
Its benchmark over the same days not published +17.3% (IVV)
Gap to its benchmark not available 0.0 pts vs IVV
Expense ratio 0.15% 0.03%
Already in the S&P 500 99.2% 99.7%
Holdings 202 507
Net assets, IWL as of Oct 9, 2026 and VOO as of Sep 30, 2026 $2.3bn $1.0tn

IWL and VOO 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 VOO

VOO tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Aug 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 37.8%.

Questions people ask

Which returned more over the last year, IWL or VOO?
In the year to Oct 9, 2026, with distributions reinvested, IWL returned +16.8% and VOO +17.3%.
Which is cheaper, IWL or VOO?
VOO is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWL and VOO overlap with the S&P 500?
By their latest filed holdings, 99% of IWL and 100% of VOO by weight is stocks the S&P 500 already holds.
Other comparisons
IWL vs SPYIWL vs VTIIWL vs SCHBDYNF vs IWLSFLR vs VOODFSU vs VOOQDF vs VOOTILT vs VOO
IWL on its own →VOO on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IWL filings on SEC EDGAR ↗IWL prospectus with the expense ratio (SEC) ↗iShares page for IWL ↗VOO filings on SEC EDGAR ↗VOO prospectus with the expense ratio (SEC) ↗Vanguard page for VOO ↗

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 VOO, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwl-vs-voo

Open data

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