Which returned more over the last year, IWM or IWN?

In the year to Oct 28, 2026, with distributions reinvested, IWM returned +14.1% and IWN +21.1%.

Which is cheaper, IWM or IWN?

IWM 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 IWM and IWN overlap with the S&P 500?

By their latest filed holdings, 0% of IWM and 0% of IWN by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IWM vs IWN: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWM returned +14.1% to IWN's +21.1%; 55% of their weight is in the same names.

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Net assets on Oct 27, 2026: $75.5bn for iShares Russell 2000 ETF and $14.0bn for iShares Russell 2000 Value ETF.

IWM on its own →IWN on its own →

At a glance

+14.1%

IWM total return, 1 year

+21.1%

IWN total return, 1 year

0.19%

IWM expense ratio

0.24%

IWN expense ratio

Pair scorecard

IWM costs 0.05 points a year less; their one-year returns differ by 7.0 points; IWM is 5.4 times larger.

IWM vs IWN: Differences, Returns & Fees
Measure	IWM	IWN
Return
Measure	IWM	IWN
Total return, 1 year	+14.1%	+21.1%
Drawdown
Measure	IWM	IWN
Below its high	7.6%, high on Aug 14, 2026	5.2%, high on Aug 14, 2026
Benchmark
Measure	IWM	IWN
What it tracks	Russell 2000 Index	Russell 2000 Value Index
Cost and size
Measure	IWM	IWN
Expense ratio	0.19%	0.24%
Net assets, as of Oct 27, 2026	$75.5bn	$14.0bn
Holdings
Measure	IWM	IWN
Holdings in common	55%
Top ten holdings, share of the fund	3.3%	5.4%

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

Risk and return

Aug 4, 2000 to Oct 23, 2026 · 1,368 weekly returns

IWM IWN

Return

Total return edge IWN +671.2% +894.7%

Annualized edge IWN +8.1% +9.1%

Price return edge IWN +449.3% +506.3%

Risk

Volatility edge Tie 22.3% 22.2%

Max drawdown edge IWM (slight) −57.7% −60.6%

Downside capture 100.5% 100.2%

Beta 1.01 1.00

Risk-adjusted

Sharpe edge IWN 0.38 0.42

Sortino edge IWN 0.54 0.61

Treynor 0.106 0.102

Calmar edge IWN (slight) 0.14 0.15

Against the benchmark

Alpha −0.1% a year −0.1% a year

Alpha t-stat −0.36 −0.09

Information ratio −0.02 −0.01

Tracking error 1.0% 2.3%

Each against its own benchmark: IWM against VTWO, Oct 1, 2010 to Oct 23, 2026; IWN against VTWV, Oct 1, 2010 to Oct 23, 2026.

Reading

IWN returned more: +894.7% to +671.2%. IWM and IWN swung about the same: 22.3% and 22.2%. IWM fell slightly less at its worst: −57.7% to −60.6%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: IWM vs IWN: Differences, Returns & Fees
Measure	IWM	IWN	Edge	How it is measured
Return
Total return	+671.2%	+894.7%	IWN	Price change plus distributions, reinvested.
Annualized	+8.1%	+9.1%	IWN	Total return as a yearly rate.
Price return	+449.3%	+506.3%	IWN	Price change alone, distributions left out.
Risk
Volatility	22.3%	22.2%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.7%	15.5%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−57.7%	−60.6%	IWM (slight)	Deepest fall from a high to the low after it.
Upside capture	101.0%	100.2%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	100.5%	100.2%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.01	1.00	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	1.00	0.99	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.38	0.42	IWN	Return above Treasury bills per unit of volatility.
Sortino	0.54	0.61	IWN	Return above Treasury bills per unit of downside deviation.
Treynor	0.106	0.102		Return above Treasury bills per unit of beta.
Calmar	0.14	0.15	IWN (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VTWO	VTWV		The ETF each fund is measured against.
Alpha	−0.1% a year	−0.1% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.36	−0.09	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−0.6% to +0.4%	−1.2% to +1.1%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.02	−0.01		Return against its benchmark per unit of tracking error.
Tracking error	1.0%	2.3%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,368 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

55%

By the books each fund has filed, IWM and IWN hold 55% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

55% in common

Positions both hold · largest shared weight first IWM IWN

UMB FINANCIAL 0.33% 0.61%

SM ENERGY 0.32% 0.60%

VIASAT INC 0.30% 0.60%

CARETRUST REIT 0.29% 0.58%

JACKSON FINANCIAL CLASS A 0.29% 0.59%

OLD NATIONAL BANCORP 0.29% 0.52%

CYTOKINETICS 0.28% 0.49%

COMMERCIAL METALS 0.24% 0.40%

MACERICH REIT 0.24% 0.47%

MATSON INC 0.24% 0.47%

PBF ENERGY CLASS A 0.24% 0.49%

LIFE TIME GROUP HOLDINGS 0.23% 0.43%

Only in one fund ↓

Only in IWM

JFROG 0.37%

GLAUKOS 0.35%

TWIST BIOSCIENCE 0.35%

MOOG INC CLASS A 0.34%

BRIGHTSPRING HEALTH SERVICES INC 0.33%

10X GENOMICS CLASS A 0.31%

RYMAN HOSPITALITY PROPERTIES REIT 0.30%

BRINKER INTERNATIONAL INC 0.29%

Only in IWN

Check overlap with more funds →

Side by side

IWM iShares Russell 2000 ETF IWN iShares Russell 2000 Value ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the Russell 2000 Tracks an index

Total return, 1 year +14.1% +21.1%

Its benchmark over the same days +14.3% (VTWO) +21.3% (VTWV)

Gap to its benchmark −0.2 pts vs VTWO −0.2 pts vs VTWV

Expense ratio 0.19% 0.24%

Already in the S&P 500 0.0% 0.0%

Holdings 1977 1405

Net assets, as of Oct 27, 2026 $75.5bn $14.0bn

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

Client brief · page 1 of 2 Report BR-66BF539874

IWM and IWN do different jobs. What does each one do in a portfolio?

What each follows. IWM follows Russell 2000 Index and IWN follows Russell 2000 Value Index.
One-year total return. Over 1 year to Oct 28, 2026 IWM returned +14.1% and IWN +21.1% with distributions reinvested, a gap of 7.0 points.
Size. IWM has $75.5bn in net assets and IWN $14.0bn (net assets, as of Oct 27, 2026); IWM is 5.4 times larger.

Data as of Oct 28, 2026.

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About each fund

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.

IWN

IWN tracks an index. Over the year to Oct 28, 2026 it returned +21.1% with distributions reinvested, against +21.3% for its benchmark, the Russell 2000 Value Index. The prospectus expense ratio is 0.24% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,405 positions, with the top ten at 5.4%. It sat 5.2% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IWM or IWN?: In the year to Oct 28, 2026, with distributions reinvested, IWM returned +14.1% and IWN +21.1%.
Which is cheaper, IWM or IWN?: IWM 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 IWM and IWN overlap with the S&P 500?: By their latest filed holdings, 0% of IWM and 0% of IWN by weight is stocks the S&P 500 already holds.

Other comparisons

IWM vs VBR AVUV vs IWM IJS vs IWM IWM vs VBK IWN vs VBR AVUV vs IWN CALF vs IWN BSVO vs IWN

Where to next

IWM on its own →IWN on its own →Hold both: look the portfolio through →Rankings →IWM dividend history →IWM holdings →IWN dividend history →IWN holdings →Standards and sources →

Sources and dates

IWM and IWN filings on SEC EDGAR ↗

IWM and IWN prospectus with the expense ratio (SEC) ↗

iShares page for IWM ↗

iShares page for IWN ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IWM against IWN, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwm-vs-iwn

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