IWY vs SPYG: Differences, Returns & Fees

IWY and SPYG hold 75% of their weight in the same names, and SPYG returned +15.8% over the year. Net assets on Oct 20, 2026: $15.8bn for iShares Russell Top 200 Growth ETF and $56.1bn for State Street SPDR Portfolio S&P 500 Growth ETF.

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Answers cite the figures on this page.

SPYG costs 0.16 points a year less; their one-year returns differ by 11.1 points; SPYG is 3.5 times larger.

IWY vs SPYG: Differences, Returns & Fees
IWYSPYG
Expense ratio0.20%0.04%
Net assets$15.8bn$56.1bn
Total return, 1 year+4.7%+15.8%
What it tracksRussell Top 200 Growth IndexS&P 500 Growth Index
Holdings in common75%
Top ten holdings, share of the fund60.9%60.2%
Below its high5.2%, high on Oct 6, 20264.2%, high on Oct 6, 2026

Holdings in common uses holdings dated Oct 19, 2026.

+4.7%
IWY total return, 1 year
+15.8%
SPYG total return, 1 year
0.20%
IWY expense ratio
0.04%
SPYG expense ratio

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Client brief · page 1 of 2Report BR-70B641EBDB

IWY and SPYG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. IWY follows Russell Top 200 Growth Index and SPYG follows S&P 500 Growth Index.
  2. One-year total return. Over 1 year to Oct 20, 2026 IWY returned +4.7% and SPYG +15.8% with distributions reinvested, a gap of 11.1 points.
  3. Cost. IWY charges 0.20% of assets a year and SPYG 0.04%, a gap of 0.16 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 SPYG hold 75% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026.

half

75% in common

Positions both hold, largest shared weight first
Holding IWY SPYG
NVIDIA 15.02% 14.45%
APPLE 8.32% 6.88%
MICROSOFT 6.34% 10.90%
ALPHABET CLASS A 6.07% 5.56%
ALPHABET CLASS C 4.89% 4.45%
BROADCOM INC 5.08% 4.38%
META PLATFORMS CLASS A 4.35% 4.28%
MICRON TECHNOLOGY 3.54% 2.81%
ELI LILLY 3.55% 2.73%
ADVANCED MICRO DEVICES 3.10% 2.42%
TESLA INC 3.78% 1.77%
PALANTIR TECHNOLOGIES CLASS A 1.58% 1.23%
Only in IWY
TEXAS INSTRUMENT 0.92%
HOME DEPOT 0.84%
COSTCO WHOLESALE CORP 0.71%
WESTERN DIGITAL CORP 0.44%
LOCKHEED MARTIN CORP 0.41%
MCKESSON CORP 0.41%
SPACE EXPLORATION TECHNOLOGIES COR 0.30%
SPOTIFY TECHNOLOGY 0.30%
Only in SPYG
BERKSHIRE HATHAWAY INC CL B 2.73%
JPMORGAN CHASE + CO 1.66%
JOHNSON + JOHNSON 0.99%
RTX CORP 0.71%
CISCO SYSTEMS INC 0.61%
PHILIP MORRIS INTERNATIONAL 0.48%
WELLTOWER INC 0.46%
GOLDMAN SACHS GROUP INC 0.46%

Check overlap with more funds →

On the same fields

IWY
iShares Russell Top 200 Growth ETF
SPYG
State Street SPDR Portfolio S&P 500 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the S&P 500 Growth
Total return, 1 year +4.7% +15.8%
Its benchmark over the same days +15.0% (IWV) +15.7% (IVW)
Gap to its benchmark −10.4 pts vs IWV +0.1 pts vs IVW
Expense ratio 0.20% 0.04%
Already in the S&P 500 98.8% 100.0%
Holdings 102 152
Net assets $15.8bn $56.1bn

IWY and SPYG 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 SPYG

SPYG tracks the S&P 500 Growth. Over the year to Oct 20, 2026 it returned +15.8% with distributions reinvested, against +15.7% for its benchmark, the S&P 500 Growth Index. The prospectus expense ratio is 0.04% 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 152 positions, with the top ten at 60.2%. It sat 4.2% below its high of Oct 6, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, IWY or SPYG?
In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and SPYG +15.8%.
Which is cheaper, IWY or SPYG?
SPYG 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.
How much do IWY and SPYG overlap with the S&P 500?
By their latest filed holdings, 99% of IWY and 100% of SPYG by weight is stocks the S&P 500 already holds.
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ETFIQ, IWY against SPYG, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwy-vs-spyg

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