IWY vs VONG: Differences, Returns & Fees

IWY and VONG hold 89% 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 $47.1bn on Sep 30, 2026 for Vanguard Russell 1000 Growth ETF.

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Answers cite the figures on this page.

VONG costs 0.14 points a year less; their one-year returns differ by 0.6 points; VONG is 2.9 times larger.

IWY vs VONG: Differences, Returns & Fees
IWYVONG
Expense ratio0.20%0.06%
Net assets, as of Sep 30, 2026$16.4bn$47.1bn
Total return, 1 year+4.7%+4.1%
What it tracksRussell Top 200 Growth IndexRussell 1000 Growth Index
Holdings in common89%
Top ten holdings, share of the fund60.9%57.6%
Below its high5.2%, high on Oct 6, 2026

Holdings in common uses holdings dated Sep 30, 2026 and Oct 19, 2026.

+4.7%
IWY total return, 1 year
+4.1%
VONG total return, 1 year
0.20%
IWY expense ratio
0.06%
VONG expense ratio

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Client brief · page 1 of 2Report BR-6ECC76A9C8

IWY and VONG 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 VONG follows Russell 1000 Growth Index.
  2. Number of holdings. IWY holds 102 positions and VONG holds 373.
  3. Cost. IWY charges 0.20% of assets a year and VONG 0.06%, a gap of 0.14 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 VONG hold 89% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 19, 2026.

half

89% in common

Positions both hold, largest shared weight first
Holding IWY VONG
NVIDIA 15.02% 15.63%
APPLE 8.32% 7.65%
ALPHABET CLASS A 6.07% 5.88%
MICROSOFT 6.34% 5.59%
BROADCOM INC 5.08% 4.79%
ALPHABET CLASS C 4.89% 4.75%
META PLATFORMS CLASS A 4.35% 3.83%
MICRON TECHNOLOGY 3.54% 3.52%
TESLA INC 3.78% 3.04%
ADVANCED MICRO DEVICES 3.10% 2.92%
ELI LILLY 3.55% 2.71%
VISA CLASS A 2.51% 1.69%
Only in IWY
RUSSELL1000 GRWTH MINI CME DEC 26 0.00%
Only in VONG
Snowflake Inc 0.33%
Cloudflare Inc 0.33%
Datadog Inc 0.26%
Lumentum Holdings Inc 0.22%
Robinhood Markets Inc 0.21%
Simon Property Group Inc 0.19%
Teradyne Inc 0.18%
Marathon Petroleum Corp 0.17%

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On the same fields

IWY
iShares Russell Top 200 Growth ETF
VONG
Vanguard Russell 1000 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index Tracks the Russell 1000 Growth
Total return, 1 year +4.7% +4.1%
Its benchmark over the same days +15.0% (IWV) +4.0% (IWF)
Gap to its benchmark −10.4 pts vs IWV +0.2 pts vs IWF
Expense ratio 0.20% 0.06%
Already in the S&P 500 98.8% 95.5%
Holdings 102 373
Net assets, IWY as of Oct 20, 2026 and VONG as of Sep 30, 2026 $15.8bn $47.1bn

IWY and VONG 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 VONG

VONG tracks the Russell 1000 Growth. Over the year to Oct 20, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 373 positions, with the top ten at 57.6%.

Questions people ask

Which returned more over the last year, IWY or VONG?
In the year to Oct 20, 2026, with distributions reinvested, IWY returned +4.7% and VONG +4.1%.
Which is cheaper, IWY or VONG?
VONG is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IWY and VONG overlap with the S&P 500?
By their latest filed holdings, 99% of IWY and 96% of VONG by weight is stocks the S&P 500 already holds.
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ETFIQ, IWY against VONG, data as of Oct 20, 2026. https://etfiq.com/compare/any/iwy-vs-vong

Open data

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