Data as of Oct 28, 2026.
IWN vs RWJ: Differences, Returns & Fees
Over the year to Oct 28, 2026, IWN returned +21.1% to RWJ's +21.2%; 32% of their weight is in the same names.
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Net assets on Oct 27, 2026: $14.0bn for iShares Russell 2000 Value ETF and $2.0bn for Invesco S&P SmallCap 600 Revenue ETF.
Pair scorecard
IWN costs 0.15 points a year less; their one-year returns differ by 0.1 points; IWN is 7.0 times larger.
| Measure | IWN | RWJ |
|---|---|---|
| Return | ||
| Total return, 1 year | +21.1% | +21.2% |
| Drawdown | ||
| Below its high | 5.2%, high on Aug 14, 2026 | 6.9%, high on Aug 4, 2026 |
| Benchmark | ||
| What it tracks | Russell 2000 Value Index | S&P SmallCap 600 Revenue-Weighted Index |
| Cost and size | ||
| Expense ratio | 0.24% | 0.39% |
| Net assets, as of Oct 27, 2026 | $14.0bn | $2.0bn |
| Holdings | ||
| Holdings in common | 32% | |
| Top ten holdings, share of the fund | 5.4% | 14.4% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 29, 2008 to Oct 23, 2026 · 973 weekly returnsRWJ returned more: +743.3% to +368.6%. IWN swung slightly less: 23.8% to 26.1%. IWN and RWJ fell about the same at their worst: −55.8% and −55.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IWN | RWJ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +368.6% | +743.3% | RWJ | Price change plus distributions, reinvested. |
| Annualized | +8.6% | +12.1% | RWJ | Total return as a yearly rate. |
| Price return | +224.6% | +603.8% | RWJ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.8% | 26.1% | IWN (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.5% | 17.7% | IWN (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −55.8% | −55.8% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.41 | 0.51 | RWJ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.59 | 0.75 | RWJ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.22 | RWJ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 973 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IWN and RWJ hold 32% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
32% in common
Only in one fund ↓
Side by side
IWN and RWJ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IWN and RWJ are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWN follows Russell 2000 Value Index and RWJ follows S&P SmallCap 600 Revenue-Weighted Index.
- Holdings in common. 32% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. IWN charges 0.24% of assets a year and RWJ 0.39%, a gap of 0.15 points.
Data as of Oct 28, 2026.
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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.
RWJ
RWJ tracks an index. Over the year to Oct 28, 2026 it returned +21.2% with distributions reinvested. The prospectus expense ratio is 0.39% 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 604 positions, with the top ten at 14.4%. It sat 6.9% below its high of Aug 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IWN or RWJ?
- In the year to Oct 28, 2026, with distributions reinvested, IWN returned +21.1% and RWJ +21.2%.
- Which is cheaper, IWN or RWJ?
- IWN is cheaper, by 0.15 percentage points a year. That is about $15 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, IWN against RWJ, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwn-vs-rwj
ETFIQ. (Oct 28, 2026). IWN against RWJ. Retrieved from https://etfiq.com/compare/any/iwn-vs-rwj
[IWN against RWJ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iwn-vs-rwj)
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