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Data as of Oct 28, 2026.

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IWN vs USVM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWN returned +21.1% to USVM's +19.6%; 21% of their weight is in the same names.

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Net assets: $14.0bn on Oct 27, 2026 for iShares Russell 2000 Value ETF, and $1.7bn on Jun 30, 2026 for VictoryShares US Small Mid Cap Value Momentum ETF.

IWN on its own →USVM on its own →
At a glance
+21.1%
IWN total return, 1 year
+19.6%
USVM total return, 1 year
0.24%
IWN expense ratio
0.29%
USVM expense ratio

Pair scorecard

IWN costs 0.05 points a year less; their one-year returns differ by 1.5 points.

IWN vs USVM: Differences, Returns & Fees
MeasureIWNUSVM
Return
Total return, 1 year+21.1%+19.6%
Drawdown
Below its high5.2%, high on Aug 14, 20265.3%, high on Aug 4, 2026
Benchmark
What it tracksRussell 2000 Value IndexNasdaq Victory US Small Mid Cap Value Momentum Index
Cost and size
Expense ratio0.24%0.29%
Net assets, IWN as of Oct 27, 2026 and USVM as of Jun 30, 2026$14.0bn$1.7bn
Holdings
Holdings in common21%
Top ten holdings, share of the fund5.4%6.9%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

21%

By the books each fund has filed, IWN and USVM hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

0 half 100%

half

21% in common

Positions both hold · largest shared weight first IWN USVM
SOUTHWEST GAS HOLDINGS 0.46% 0.69%
UNITED BANKSHARES 0.44% 0.55%
BLACK HILLS CORP 0.43% 0.57%
HANCOCK WHITNEY 0.41% 0.50%
ESSENT GROUP 0.40% 0.60%
CNX RESOURCES 0.37% 0.40%
JACKSON FINANCIAL CLASS A 0.59% 0.37%
NEW JERSEY RESOURCES CORP 0.37% 0.70%
AMERIS BANCORP 0.36% 0.54%
PORTLAND GENERAL ELECTRIC 0.35% 0.68%
MATSON INC 0.47% 0.34%
SPIRE INC 0.34% 0.63%
Only in one fund ↓
Only in IWN
UMB FINANCIAL 0.61%
SM ENERGY 0.60%
CARETRUST REIT 0.58%
OLD NATIONAL BANCORP 0.52%
CYTOKINETICS 0.49%
MACERICH REIT 0.47%
TERRENO REALTY REIT 0.46%
LIFE TIME GROUP HOLDINGS 0.43%
Only in USVM
PINNACLE WEST CAPITAL CORPORATION 0.81%
AGNC INVESTMENT CORP. 0.62%
AXIS CAPITAL HOLDINGS LIMITED 0.61%
UNUM GROUP 0.60%
RENAISSANCERE HOLDINGS LTD. 0.58%
BOK FINANCIAL CORPORATION 0.57%
MDU RESOURCES GROUP, INC. 0.57%
ASSURED GUARANTY LTD. 0.56%
Check overlap with more funds →

Side by side

IWN iShares Russell 2000 Value ETF USVM VictoryShares US Small Mid Cap Value Momentum ETF
Where it sits Stock ETF Stock ETF
Issuer iShares VictoryShares
What it is Tracks an index Tracks an index
Total return, 1 year +21.1% +19.6%
Its benchmark over the same days +21.3% (VTWV) not measured
Gap to its benchmark −0.2 pts vs VTWV not measured
Expense ratio 0.24% 0.29%
Already in the S&P 500 0.0% 5.4%
Holdings 1405 288
Net assets, IWN as of Oct 27, 2026 and USVM as of Jun 30, 2026 $14.0bn $1.7bn

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

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About each fund
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.

USVM

USVM tracks an index. Over the year to Oct 28, 2026 it returned +19.6% with distributions reinvested. The prospectus expense ratio is 0.29% a year. By its holdings filed for Jun 30, 2026, 5% of the fund by weight is stocks the S&P 500 also holds, across 288 positions, with the top ten at 6.9%. It sat 5.3% below its high of Aug 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IWN or USVM?
In the year to Oct 28, 2026, with distributions reinvested, IWN returned +21.1% and USVM +19.6%.
Which is cheaper, IWN or USVM?
IWN 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 IWN and USVM overlap with the S&P 500?
By their latest filed holdings, 0% of IWN and 5% of USVM by weight is stocks the S&P 500 already holds.
Other comparisons
IWN vs VIOVIWN vs VTWVIWN vs SLYVAVUV vs IWNAVUV vs USVMUSVM vs VBRBSVO vs USVMRWJ vs USVM
Where to next
IWN on its own →USVM on its own →Hold both: look the portfolio through →Rankings →IWN dividend history →IWN holdings →USVM dividend history →USVM holdings →Standards and sources →
Sources and dates
IWN filings on SEC EDGAR ↗
IWN prospectus with the expense ratio (SEC) ↗
iShares page for IWN ↗
USVM filings on SEC EDGAR ↗
USVM prospectus with the expense ratio (SEC) ↗

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 USVM, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwn-vs-usvm

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