Which returned more over the last year, IWV or MSLC?

In the year to Oct 9, 2026, with distributions reinvested, IWV returned +16.7% and MSLC +14.3%.

Which is cheaper, IWV or MSLC?

IWV is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IWV and MSLC overlap with the S&P 500?

By their latest filed holdings, 88% of IWV and 92% of MSLC by weight is stocks the S&P 500 already holds.

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IWV vs MSLC: Differences, Returns & Fees

IWV and MSLC hold 73% of their weight in the same names, and IWV returned +16.7% over the year. Net assets: $20.6bn on Oct 9, 2026 for iShares Russell 3000 ETF, and $4.0bn on May 31, 2026 for Morgan Stanley Pathway Large Cap Equity ETF.

IWV costs 0.19 points a year less; their one-year returns differ by 2.4 points; IWV is 5.5 times larger.

IWV vs MSLC: Differences, Returns & Fees
	IWV	MSLC
Expense ratio	0.20%	0.39%
Net assets, as of Feb 28, 2025	$15.5bn	$2.8bn
Total return, 1 year	+16.7%	+14.3%
What it tracks	Russell 3000 Index	No index, actively managed
Holdings in common	73%
Top ten holdings, share of the fund	34.7%	34.8%

Holdings in common uses holdings dated May 31, 2026 and Oct 9, 2026.

+16.7%

IWV total return, 1 year

+14.3%

MSLC total return, 1 year

0.20%

IWV expense ratio

0.39%

MSLC expense ratio

What they hold in common

By the books each fund has filed, IWV and MSLC hold 73% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Oct 9, 2026.

50%

half

73% in common

Positions both hold, largest shared weight first

Holding IWV MSLC

NVIDIA 7.15% 6.61%

MICROSOFT 5.32% 4.98%

APPLE 6.51% 4.87%

AMAZON.COM INC 3.40% 4.46%

ALPHABET CLASS A 2.74% 3.45%

BROADCOM INC 2.25% 2.87%

ALPHABET CLASS C 2.21% 2.14%

META PLATFORMS CLASS A 2.11% 2.33%

MICRON TECHNOLOGY 1.55% 1.76%

TESLA INC 1.49% 1.32%

JPMORGAN CHASE & CO 1.19% 1.37%

BERKSHIRE HATHAWAY INC CLASS B 1.28% 1.10%

Only in IWV

EXXONMOBIL HOLDINGS CORP 0.93%

APPLIED MATERIAL INC 0.54%

GE AEROSPACE 0.43%

PHILIP MORRIS INTERNATIONAL 0.42%

TEXAS INSTRUMENT INC 0.35%

INTERNATIONAL BUSINESS MACHINES 0.29%

CHARLES SCHWAB 0.21%

DEERE 0.21%

Only in MSLC

EXXON MOBIL CORP 0.95%

BROOKFIELD CORP 0.66%

INTL BUSINESS MACHINES CORP 0.45%

GENERAL ELECTRIC 0.44%

TJX COMPANIES INC 0.41%

SCHWAB (CHARLES) CORP 0.40%

CADENCE DESIGN SYS INC 0.38%

TEXAS INSTRUMENTS INC 0.37%

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On the same fields

IWV

iShares Russell 3000 ETF

MSLC

Morgan Stanley Pathway Large Cap Equity ETF

Where it sits Stock ETF Stock ETF

Issuer iShares MORGAN STANLEY PATHWAY

What it is Tracks an index Actively managed

Total return, 1 year +16.7% +14.3%

Its benchmark over the same days +16.8% (VTHR) not published

Gap to its benchmark −0.1 pts vs VTHR not available

Expense ratio 0.20% 0.39%

Already in the S&P 500 87.8% 92.3%

Holdings 2600 1007

Net assets, IWV as of Oct 9, 2026 and MSLC as of May 31, 2026 $20.6bn $4.0bn

IWV and MSLC on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IWV

IWV tracks an index. Over the year to Oct 9, 2026 it returned +16.7% with distributions reinvested, against +16.8% for its benchmark, the Russell 3000 Index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,600 positions, with the top ten at 34.7%.

About MSLC

MSLC is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +14.3% with distributions reinvested. The prospectus expense ratio is 0.39% a year. By its holdings filed for May 31, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,007 positions, with the top ten at 34.8%.

Questions people ask

Which returned more over the last year, IWV or MSLC?: In the year to Oct 9, 2026, with distributions reinvested, IWV returned +16.7% and MSLC +14.3%.
Which is cheaper, IWV or MSLC?: IWV is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWV and MSLC overlap with the S&P 500?: By their latest filed holdings, 88% of IWV and 92% of MSLC by weight is stocks the S&P 500 already holds.

Other comparisons

IWV vs LRGF IWV vs QLTY IWV vs TSPA IWV vs OMFL MSLC vs OEF MSLC vs SPMO MSLC vs MTUM MSLC vs SPHQ

IWV on its own →MSLC on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IWV filings on SEC EDGAR ↗IWV prospectus with the expense ratio (SEC) ↗iShares page for IWV ↗MSLC filings on SEC EDGAR ↗MSLC prospectus with the expense ratio (SEC) ↗MORGAN STANLEY PATHWAY website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IWV against MSLC, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwv-vs-mslc

Open data

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