IWY vs PWB: Differences, Returns & Fees
IWY and PWB hold 47% of their weight in the same names, and PWB returned +20.2% over the year. Net assets on Oct 20, 2026: $15.8bn for iShares Russell Top 200 Growth ETF and $2.6bn for Invesco Large Cap Growth ETF.
IWY costs 0.35 points a year less; their one-year returns differ by 15.5 points; IWY is 6.1 times larger.
| IWY | PWB | |
|---|---|---|
| Expense ratio | 0.20% | 0.55% |
| Net assets | $15.8bn | $2.6bn |
| Total return, 1 year | +4.7% | +20.2% |
| What it tracks | Russell Top 200 Growth Index | Dynamic Large Cap Growth Intellidex Index |
| Holdings in common | 47% | |
| Top ten holdings, share of the fund | 60.9% | 36.0% |
| Below its high | 5.2%, high on Oct 6, 2026 | 8.9%, high on Jun 22, 2026 |
Holdings in common uses holdings dated Oct 19, 2026.
IWY and PWB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IWY follows Russell Top 200 Growth Index and PWB follows Dynamic Large Cap Growth Intellidex Index.
- Holdings in common. 47% of the weight is in the same securities (holdings dated Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 IWY returned +4.7% and PWB +20.2% with distributions reinvested, a gap of 15.5 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, IWY and PWB hold 47% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.
half
47% in common
On the same fields
IWY and PWB on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About IWY
IWY tracks an index. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 19, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 60.9%. It sat 5.2% below its high of Oct 6, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +4.7% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
About PWB
PWB tracks an index. The prospectus expense ratio is 0.55% a year. By its holdings published by its issuer for Oct 19, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 52 positions, with the top ten at 36.0%. It sat 8.9% below its high of Jun 22, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +20.2% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.
Questions people ask
- Which returned more over the last year, IWY or PWB?
- In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and PWB +20.2%.
- Which is cheaper, IWY or PWB?
- IWY is cheaper, by 0.35 percentage points a year. That is about $35 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.
Cite this pageCitation, APA and Markdown
ETFIQ, IWY against PWB, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwy-vs-pwb
ETFIQ. (Oct 20, 2026). IWY against PWB. Retrieved from https://etfiq.com/compare/any/iwy-vs-pwb
[IWY against PWB (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/iwy-vs-pwb)
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