Data as of Oct 28, 2026.

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IWP vs VOT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IWP returned −4.9% to VOT's +0.1%; 40% of their weight is in the same names.

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Net assets: $19.1bn on Oct 27, 2026 for iShares Russell Mid-Cap Growth ETF, and $19.2bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Growth ETF.

At a glance
−4.9%
IWP total return, 1 year
+0.1%
VOT total return, 1 year
0.23%
IWP expense ratio
0.05%
VOT expense ratio

Pair scorecard

VOT costs 0.18 points a year less; their one-year returns differ by 5.0 points.

IWP vs VOT: Differences, Returns & Fees
MeasureIWPVOT
Return
Total return, 1 year−4.9%+0.1%
Drawdown
Below its high7.6%, high on Aug 17, 20266.5%, high on Aug 14, 2026
Benchmark
What it tracksRussell Midcap Growth IndexMorningstar US Mid Cap Growth Index
Cost and size
Expense ratio0.23%0.05%
Net assets, as of Sep 30, 2026$19.3bn$19.2bn
Holdings
Holdings in common40%
Top ten holdings, share of the fund22.2%21.2%

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

Risk and return

Sep 1, 2006 to Oct 23, 2026 · 1,051 weekly returns
IWP VOT
Return
Total return edge IWP (slight) +554.2% +530.4%
Annualized edge IWP (slight) +9.7% +9.5%
Price return edge Tie +458.5% +450.9%
Risk
Volatility edge Tie 21.3% 21.4%
Max drawdown edge IWP (slight) −56.3% −57.5%
Risk-adjusted
Sharpe edge IWP (slight) 0.47 0.46
Sortino edge IWP (slight) 0.67 0.65
Calmar edge IWP (slight) 0.17 0.17
Reading

IWP returned slightly more: +554.2% to +530.4%. IWP and VOT swung about the same: 21.3% and 21.4%. IWP fell slightly less at its worst: −56.3% to −57.5%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IWP vs VOT: Differences, Returns & Fees
MeasureIWPVOTEdgeHow it is measured
Return
Total return+554.2%+530.4%IWP (slight)Price change plus distributions, reinvested.
Annualized+9.7%+9.5%IWP (slight)Total return as a yearly rate.
Price return+458.5%+450.9%TiePrice change alone, distributions left out.
Risk
Volatility21.3%21.4%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.9%15.1%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−56.3%−57.5%IWP (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.470.46IWP (slight)Return above Treasury bills per unit of volatility.
Sortino0.670.65IWP (slight)Return above Treasury bills per unit of downside deviation.
Calmar0.170.17IWP (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,051 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

40%

By the books each fund has filed, IWP and VOT hold 40% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

40% in common

Positions both hold · largest shared weight first IWP VOT
CLOUDFLARE CLASS A 3.09% 2.65%
DATADOG INC CLASS A 2.72% 2.17%
LUMENTUM HOLDINGS 1.98% 2.06%
ROBINHOOD MARKETS CLASS A 1.78% 2.10%
TERADYNE 1.50% 1.48%
TARGA RESOURCES 1.90% 1.37%
FASTENAL 1.43% 1.34%
COMFORT SYSTEMS USA 1.33% 1.38%
SNOWFLAKE 3.34% 1.32%
WW GRAINGER INC 1.48% 1.32%
ASTERA LABS 1.30% 1.31%
ROYAL CARIBBEAN GROUP 1.25% 1.60%
Only in one fund ↓
Only in IWP
SIMON PROPERTY GROUP REIT INC 2.00%
MARATHON PETROLEUM 1.93%
CENCORA 1.79%
NATERA 1.66%
ANGLOGOLD ASHANTI PLC 1.17%
EVERPURE INC CLASS A 1.10%
REVOLUTION MEDICINES 1.05%
EMCOR GROUP 0.87%
Only in VOT
Quanta Services Inc 2.28%
Vertiv Holdings Co 2.20%
Howmet Aerospace Inc 2.13%
Constellation Energy Corp 2.02%
Bloom Energy Corp 1.83%
Ross Stores Inc 1.77%
Motorola Solutions Inc 1.74%
Hilton Worldwide Holdings Inc 1.69%
Check overlap with more funds →

Side by side

IWP iShares Russell Mid-Cap Growth ETF VOT Vanguard Morningstar Mid-Cap Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year −4.9% +0.1%
Its benchmark over the same days +13.3% (IWV) not measured
Gap to its benchmark −18.2 pts vs IWV not measured
Expense ratio 0.23% 0.05%
Already in the S&P 500 49.1% 84.7%
Holdings 274 119
Net assets, IWP as of Oct 27, 2026 and VOT as of Sep 30, 2026 $19.1bn $19.2bn

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

Client brief · page 1 of 2 Report BR-7827D833A9

IWP and VOT are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. IWP follows Russell Midcap Growth Index and VOT follows Morningstar US Mid Cap Growth Index.
  2. Holdings in common. 40% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IWP returned −4.9% and VOT +0.1% with distributions reinvested, a gap of 5.0 points.

Data as of Oct 28, 2026.

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About each fund
IWP

Over the year to Oct 28, 2026 it returned −4.9% with distributions reinvested, against +13.3% for its benchmark, the Russell 3000 Index.

IWP tracks an index. The prospectus expense ratio is 0.23% a year. By its holdings published by its issuer for Oct 27, 2026, 49% of the fund by weight is stocks the S&P 500 also holds, across 274 positions, with the top ten at 22.2%. It sat 7.6% below its high of Aug 17, 2026 on Oct 28, 2026.

VOT

VOT tracks an index. Over the year to Oct 28, 2026 it returned +0.1% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 21.2%. It sat 6.5% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IWP or VOT?
In the year to Oct 28, 2026, with distributions reinvested, IWP returned −4.9% and VOT +0.1%.
Which is cheaper, IWP or VOT?
VOT is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWP and VOT overlap with the S&P 500?
By their latest filed holdings, 49% of IWP and 85% of VOT by weight is stocks the S&P 500 already holds.
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ETFIQ, IWP against VOT, data as of Oct 28, 2026. https://etfiq.com/compare/any/iwp-vs-vot

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