IWV vs USCL: Differences, Returns & Fees

IWV and USCL hold 78% of their weight in the same names, and IWV returned +16.7% over the year. Net assets on Oct 9, 2026: $20.6bn for iShares Russell 3000 ETF and $2.9bn for iShares Climate Conscious & Transition MSCI USA ETF.

USCL costs 0.12 points a year less; their one-year returns differ by 3.8 points; IWV is 7.0 times larger.

IWV vs USCL: Differences, Returns & Fees
IWVUSCL
Expense ratio0.20%0.08%
Net assets$20.6bn$2.9bn
Total return, 1 year+16.7%+12.9%
What it tracksRussell 3000 IndexMSCI USA Extended Climate Action Index
Holdings in common78%
Top ten holdings, share of the fund34.7%46.3%

Holdings in common uses holdings dated Oct 9, 2026.

+16.7%
IWV total return, 1 year
+12.9%
USCL total return, 1 year
0.20%
IWV expense ratio
0.08%
USCL expense ratio

What they hold in common

By the books each fund has filed, IWV and USCL hold 78% 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 Oct 9, 2026.

half

78% in common

Positions both hold, largest shared weight first
Holding IWV USCL
NVIDIA 7.15% 9.57%
APPLE 6.51% 8.97%
MICROSOFT 5.32% 6.85%
AMAZON.COM INC 3.40% 4.61%
ALPHABET CLASS A 2.74% 3.74%
BROADCOM INC 2.25% 2.97%
ALPHABET CLASS C 2.21% 2.95%
META PLATFORMS CLASS A 2.11% 2.86%
TESLA INC 1.49% 1.99%
ADVANCED MICRO DEVICES 1.32% 1.80%
ELI LILLY 1.26% 1.71%
JPMORGAN CHASE & CO 1.19% 1.20%
Only in IWV
BERKSHIRE HATHAWAY INC CLASS B 1.28%
PHILIP MORRIS INTERNATIONAL 0.42%
CROWDSTRIKE HOLDINGS CLASS A 0.37%
TEXAS INSTRUMENT INC 0.35%
SANDISK 0.31%
TJX 0.20%
BOEING 0.19%
MARATHON PETROLEUM 0.18%
Only in USCL
SEAGATE TECHNOLOGY HOLDINGS PLC 0.24%
MERCADOLIBRE 0.16%
TE CONNECTIVITY PLC 0.12%
NXP SEMICONDUCTORS NV 0.10%
WASTE CONNECTIONS 0.04%

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On the same fields

IWV
iShares Russell 3000 ETF
USCL
iShares Climate Conscious & Transition MSCI USA ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks an index
Total return, 1 year +16.7% +12.9%
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% 0.08%
Already in the S&P 500 87.8% 98.0%
Holdings 2600 392
Net assets $20.6bn $2.9bn

IWV and USCL 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 USCL

USCL tracks an index. Over the year to Oct 9, 2026 it returned +12.9% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 9, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 392 positions, with the top ten at 46.3%.

Questions people ask

Which returned more over the last year, IWV or USCL?
In the year to Oct 9, 2026, with distributions reinvested, IWV returned +16.7% and USCL +12.9%.
Which is cheaper, IWV or USCL?
USCL is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWV and USCL overlap with the S&P 500?
By their latest filed holdings, 88% of IWV and 98% of USCL by weight is stocks the S&P 500 already holds.
Other comparisons
Where these figures came from

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 USCL, data as of Oct 9, 2026. https://etfiq.com/compare/any/iwv-vs-uscl

Open data

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