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

In the year to Oct 28, 2026, with distributions reinvested, IWN returned +21.1% and VIOV +19.4%.

Which is cheaper, IWN or VIOV?

VIOV is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IWN and VIOV overlap with the S&P 500?

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

Data as of Oct 28, 2026.

Across categories

IWN vs VIOV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWN returned +21.1% to VIOV's +19.4%; 41% 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 Sep 30, 2026 for Vanguard S&P Small-Cap 600 Value ETF.

IWN on its own →VIOV on its own →

At a glance

+21.1%

IWN total return, 1 year

+19.4%

VIOV total return, 1 year

0.24%

IWN expense ratio

0.10%

VIOV expense ratio

Pair scorecard

VIOV costs 0.14 points a year less; their one-year returns differ by 1.7 points; IWN is 8.1 times larger.

IWN vs VIOV: Differences, Returns & Fees
Measure	IWN	VIOV
Return
Measure	IWN	VIOV
Total return, 1 year	+21.1%	+19.4%
Drawdown
Measure	IWN	VIOV
Below its high	5.2%, high on Aug 14, 2026	5.6%, high on Aug 14, 2026
Benchmark
Measure	IWN	VIOV
What it tracks	Russell 2000 Value Index	S&P SmallCap 600 Value Index
Cost and size
Measure	IWN	VIOV
Expense ratio	0.24%	0.10%
Net assets, as of Sep 30, 2026	$13.8bn	$1.7bn
Holdings
Measure	IWN	VIOV
Holdings in common	41%
Top ten holdings, share of the fund	5.4%	8.4%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns

IWN VIOV

Return

Total return edge VIOV +385.9% +469.3%

Annualized edge VIOV (slight) +10.3% +11.4%

Price return edge VIOV +253.9% +341.2%

Risk

Volatility edge IWN (slight) 21.3% 21.8%

Max drawdown edge IWN (slight) −44.7% −46.3%

Downside capture 100.2% 99.4%

Beta 1.00 1.00

Risk-adjusted

Sharpe edge VIOV (slight) 0.49 0.53

Sortino edge VIOV (slight) 0.72 0.79

Treynor 0.102 0.116

Calmar edge VIOV (slight) 0.23 0.25

Against the benchmark

Alpha −0.1% a year +0.2% a year

Alpha t-stat −0.09 0.24

Information ratio −0.01 0.04

Tracking error 2.3% 3.3%

Each against its own benchmark: IWN against VTWV, Oct 1, 2010 to Oct 23, 2026; VIOV against IJS, Sep 17, 2010 to Oct 23, 2026.

Reading

VIOV returned more: +469.3% to +385.9%. IWN swung slightly less: 21.3% to 21.8%. IWN fell slightly less at its worst: −44.7% to −46.3%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: IWN vs VIOV: Differences, Returns & Fees
Measure	IWN	VIOV	Edge	How it is measured
Return
Total return	+385.9%	+469.3%	VIOV	Price change plus distributions, reinvested.
Annualized	+10.3%	+11.4%	VIOV (slight)	Total return as a yearly rate.
Price return	+253.9%	+341.2%	VIOV	Price change alone, distributions left out.
Risk
Volatility	21.3%	21.8%	IWN (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	14.6%	14.7%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−44.7%	−46.3%	IWN (slight)	Deepest fall from a high to the low after it.
Upside capture	100.2%	98.9%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	100.2%	99.4%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	1.00	1.00	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.99	0.98	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	0.49	0.53	VIOV (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.72	0.79	VIOV (slight)	Return above Treasury bills per unit of downside deviation.
Treynor	0.102	0.116		Return above Treasury bills per unit of beta.
Calmar	0.23	0.25	VIOV (slight)	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	VTWV	IJS		The ETF each fund is measured against.
Alpha	−0.1% a year	+0.2% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.09	0.24	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−1.2% to +1.1%	−1.4% to +1.8%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.01	0.04		Return against its benchmark per unit of tracking error.
Tracking error	2.3%	3.3%	Not an edge	How far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

41%

By the books each fund has filed, IWN and VIOV hold 41% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

41% in common

Positions both hold · largest shared weight first IWN VIOV

SM ENERGY 0.60% 0.89%

JACKSON FINANCIAL CLASS A 0.59% 0.90%

MATSON INC 0.47% 0.73%

ATLANTIC UNION BANKSHARES 0.38% 0.60%

INSIGHT ENTERPRISES INC 0.36% 0.51%

MACERICH REIT 0.47% 0.34%

RXO INC 0.31% 0.38%

PATTERSON UTI ENERGY INC 0.30% 0.46%

LUMEN TECHNOLOGIES 0.30% 0.33%

EASTERN BANKSHARES INC 0.30% 0.49%

SIGNET JEWELERS 0.30% 0.45%

CRESCENT ENERGY CLASS A 0.30% 0.43%

Only in one fund ↓

Only in IWN

UMB FINANCIAL 0.61%

VIASAT INC 0.60%

CARETRUST REIT 0.58%

OLD NATIONAL BANCORP 0.52%

CYTOKINETICS 0.49%

PBF ENERGY CLASS A 0.49%

SOUTHWEST GAS HOLDINGS 0.46%

UNITED BANKSHARES 0.44%

Only in VIOV

Match Group Inc 1.02%

Paycom Software Inc 0.93%

CarMax Inc 0.87%

Eastman Chemical Co 0.82%

Victoria's Secret & Co 0.78%

Lincoln National Corp 0.77%

Conagra Brands Inc 0.71%

Mohawk Industries Inc 0.70%

Check overlap with more funds →

Side by side

IWN iShares Russell 2000 Value ETF VIOV Vanguard S&P Small-Cap 600 Value ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks an index Tracks an index

Total return, 1 year +21.1% +19.4%

Its benchmark over the same days +21.3% (VTWV) +19.3% (IJS)

Gap to its benchmark −0.2 pts vs VTWV +0.1 pts vs IJS

Expense ratio 0.24% 0.10%

Already in the S&P 500 0.0% 0.0%

Holdings 1405 465

Net assets, IWN as of Oct 27, 2026 and VIOV as of Sep 30, 2026 $14.0bn $1.7bn

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

Client brief · page 1 of 2 Report BR-987831EC9E

IWN and VIOV 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 VIOV follows S&P SmallCap 600 Value Index.
Holdings in common. 41% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
Number of holdings. IWN holds 1,405 positions and VIOV holds 465.

Data as of Oct 28, 2026.

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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.

VIOV

VIOV tracks an index. Over the year to Oct 28, 2026 it returned +19.4% with distributions reinvested, against +19.3% for its benchmark, the S&P SmallCap 600 Value Index. The prospectus expense ratio is 0.10% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 465 positions, with the top ten at 8.4%. It sat 5.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IWN or VIOV?: In the year to Oct 28, 2026, with distributions reinvested, IWN returned +21.1% and VIOV +19.4%.
Which is cheaper, IWN or VIOV?: VIOV is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWN and VIOV overlap with the S&P 500?: By their latest filed holdings, 0% of IWN and 0% of VIOV by weight is stocks the S&P 500 already holds.

Other comparisons

IWN vs VBR IWN vs USVM IWN vs RWJ DES vs IWN AVUV vs VIOV USVM vs VIOV VIOV vs VTWV VBR vs VIOV

Where to next

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

Sources and dates

IWN filings on SEC EDGAR ↗

IWN prospectus with the expense ratio (SEC) ↗

iShares page for IWN ↗

VIOV filings on SEC EDGAR ↗

VIOV prospectus with the expense ratio (SEC) ↗

Vanguard page for VIOV ↗

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

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