IWY vs PWRD: Differences, Returns & Fees
IWY and PWRD hold 9% of their weight in the same names, and IWY returned +4.7% over the year. Net assets: $15.8bn on Oct 20, 2026 for iShares Russell Top 200 Growth ETF, and $1.5bn on Jul 31, 2026 for TCW Transform Systems ETF.
IWY costs 0.55 points a year less; their one-year returns differ by 5.9 points; IWY is 10.9 times larger.
| IWY | PWRD | |
|---|---|---|
| Expense ratio | 0.20% | 0.75% |
| Net assets, as of Jul 31, 2026 | $15.8bn | $1.5bn |
| Total return, 1 year | +4.7% | −1.2% |
| What it tracks | Russell Top 200 Growth Index | No index, actively managed |
| Holdings in common | 9% | |
| Top ten holdings, share of the fund | 60.9% | 52.0% |
| Below its high | 5.2%, high on Oct 6, 2026 | 20.1%, high on Jun 30, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.
IWY and PWRD 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 PWRD follows No index, actively managed.
- Holdings in common. 9% of the weight is in the same securities (holdings dated Oct 19, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 IWY returned +4.7% and PWRD −1.2% with distributions reinvested, a gap of 5.9 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.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
What they hold in common
By the books each fund has filed, IWY and PWRD hold 9% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.
half
9% in common
On the same fields
IWY and PWRD 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 PWRD
PWRD is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jul 31, 2026, 57% of the fund by weight is stocks the S&P 500 also holds, across 31 positions, with the top ten at 52.0%. It sat 20.1% below its high of Jun 30, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, IWY or PWRD?
- In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and PWRD −1.2%.
- Which is cheaper, IWY or PWRD?
- IWY is cheaper, by 0.55 percentage points a year. That is about $55 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 PWRD, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwy-vs-pwrd
ETFIQ. (Oct 20, 2026). IWY against PWRD. Retrieved from https://etfiq.com/compare/any/iwy-vs-pwrd
[IWY against PWRD (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/iwy-vs-pwrd)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.