IWR vs SPGP: Differences, Returns & Fees
IWR and SPGP hold 9% of their weight in the same names, and IWR returned +15.1% over the year. Net assets on Oct 20, 2026: $57.0bn for iShares Russell Mid-Cap ETF and $2.1bn for Invesco S&P 500 GARP ETF.
IWR costs 0.16 points a year less; their one-year returns differ by 5.1 points; IWR is far larger, $57.0bn against $2.1bn.
| IWR | SPGP | |
|---|---|---|
| Expense ratio | 0.18% | 0.34% |
| Net assets | $57.0bn | $2.1bn |
| Total return, 1 year | +15.1% | +10.0% |
| What it tracks | Russell Midcap Index | S&P 500 GARP Index |
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 6.8% | 20.4% |
| Below its high | 4.3%, high on Aug 14, 2026 | 4.0%, high on Aug 13, 2026 |
Holdings in common uses holdings dated Oct 19, 2026.
IWR and SPGP are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWR follows Russell Midcap Index and SPGP follows S&P 500 GARP Index.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 IWR returned +15.1% and SPGP +10.0% with distributions reinvested, a gap of 5.1 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, IWR and SPGP hold 9% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
9% in common
On the same fields
IWR and SPGP on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About IWR
IWR tracks an index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 19, 2026, 62% of the fund by weight is stocks the S&P 500 also holds, across 825 positions, with the top ten at 6.8%. It sat 4.3% below its high of Aug 14, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +15.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About SPGP
SPGP tracks an index. Over the year to Oct 20, 2026 it returned +10.0% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.4%. It sat 4.0% below its high of Aug 13, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, IWR or SPGP?
- In the year to Oct 20, 2026, with distributions reinvested, IWR returned +15.1% and SPGP +10.0%.
- Which is cheaper, IWR or SPGP?
- IWR is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, IWR against SPGP, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwr-vs-spgp
ETFIQ. (Oct 20, 2026). IWR against SPGP. Retrieved from https://etfiq.com/compare/any/iwr-vs-spgp
[IWR against SPGP (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/iwr-vs-spgp)
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