Data as of Oct 28, 2026.

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IYW vs VONG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IYW returned +23.2% to VONG's +1.1%; 60% of their weight is in the same names.

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Net assets: $25.0bn on Oct 27, 2026 for iShares U.S. Technology ETF, and $47.1bn on Sep 30, 2026 for Vanguard Russell 1000 Growth ETF.

At a glance
+23.2%
IYW total return, 1 year
+1.1%
VONG total return, 1 year
0.37%
IYW expense ratio
0.06%
VONG expense ratio

Pair scorecard

VONG costs 0.31 points a year less; their one-year returns differ by 22.1 points; VONG is 1.8 times larger.

IYW vs VONG: Differences, Returns & Fees
MeasureIYWVONG
Return
Total return, 1 year+23.2%+1.1%
Drawdown
Below its high5.5%, high on Oct 6, 20264.8%, high on Oct 6, 2026
Benchmark
What it tracksRussell 1000 Technology RIC 22Russell 1000 Growth Index
Cost and size
Expense ratio0.37%0.06%
Net assets, as of Sep 30, 2026$26.5bn$47.1bn
Holdings
Holdings in common60%
Top ten holdings, share of the fund65.1%57.6%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

Risk and return

Oct 1, 2010 to Oct 23, 2026 · 838 weekly returns
IYW VONG
Return
Total return edge IYW +1,838.4% +1,017.5%
Annualized edge IYW +20.2% +16.2%
Price return edge IYW +1,629.3% +840.0%
Risk
Volatility edge VONG 21.0% 17.9%
Max drawdown edge VONG −38.4% −32.5%
Downside capture 116.0% 99.8%
Beta 1.19 0.99
Risk-adjusted
Sharpe edge IYW (slight) 0.91 0.84
Sortino edge IYW (slight) 1.38 1.25
Treynor 0.088 0.151
Calmar edge IYW (slight) 0.53 0.50
Against the benchmark
Alpha +0.9% a year +0.2% a year
Alpha t-stat 0.32 0.76
Information ratio 0.17 0.11
Tracking error 14.2% 1.0%

Each against its own benchmark: IYW against IWB, May 26, 2000 to Oct 23, 2026; VONG against IWF, Oct 1, 2010 to Oct 23, 2026.

Reading

IYW returned more: +1,838.4% to +1,017.5%. VONG swung less: 17.9% to 21.0%. VONG fell less at its worst: −32.5% to −38.4%.

Full scorecard

19 measures, with how each is measured
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Risk and return: IYW vs VONG: Differences, Returns & Fees
MeasureIYWVONGEdgeHow it is measured
Return
Total return+1,838.4%+1,017.5%IYWPrice change plus distributions, reinvested.
Annualized+20.2%+16.2%IYWTotal return as a yearly rate.
Price return+1,629.3%+840.0%IYWPrice change alone, distributions left out.
Risk
Volatility21.0%17.9%VONGSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.8%12.0%VONGLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−38.4%−32.5%VONGDeepest fall from a high to the low after it.
Upside capture146.1%99.9%Share of its benchmark's rise caught in the weeks it rose.
Downside capture116.0%99.8%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta1.190.99Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.701.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.910.84IYW (slight)Return above Treasury bills per unit of volatility.
Sortino1.381.25IYW (slight)Return above Treasury bills per unit of downside deviation.
Treynor0.0880.151Return above Treasury bills per unit of beta.
Calmar0.530.50IYW (slight)Annualized return divided by the max drawdown.
Against the benchmark
BenchmarkIWBIWFThe ETF each fund is measured against.
Alpha+0.9% a year+0.2% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat0.320.76Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−4.4% to +6.1%−0.3% to +0.7%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.170.11Return against its benchmark per unit of tracking error.
Tracking error14.2%1.0%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 838 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

60%

By the books each fund has filed, IYW and VONG hold 60% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

60% in common

Positions both hold · largest shared weight first IYW VONG
NVIDIA 16.81% 15.63%
APPLE 16.60% 7.65%
MICROSOFT 13.07% 5.59%
BROADCOM INC 3.14% 4.79%
META PLATFORMS CLASS A 3.02% 3.83%
ADVANCED MICRO DEVICES 3.04% 2.92%
MICRON TECHNOLOGY 2.73% 3.52%
ALPHABET CLASS A 2.38% 5.88%
ALPHABET CLASS C 1.92% 4.75%
PALANTIR TECHNOLOGIES CLASS A 2.18% 1.22%
LAM RESEARCH 1.49% 1.21%
APPLIED MATERIAL INC 1.55% 1.19%
Only in one fund ↓
Only in IYW
INTEL CORPORATION 2.12%
INTERNATIONAL BUSINESS MACHINES CO 1.16%
QUALCOMM 0.96%
SALESFORCE 0.95%
SYNOPSYS 0.44%
HEWLETT PACKARD ENTERPRISE 0.40%
STRATEGY INC CLASS A 0.25%
ROPER TECHNOLOGIES 0.21%
Only in VONG
Tesla Inc 3.04%
Eli Lilly & Co 2.71%
Visa Inc 1.69%
Mastercard Inc 1.31%
Caterpillar Inc 1.08%
General Electric Co 0.95%
Netflix Inc 0.85%
GE Vernova Inc 0.75%
Check overlap with more funds →

Side by side

IYW iShares U.S. Technology ETF VONG Vanguard Russell 1000 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of U.S. Technology Tracks the Russell 1000 Growth
Total return, 1 year +23.2% +1.1%
Its benchmark over the same days +13.1% (IWB) +0.9% (IWF)
Gap to its benchmark +10.1 pts vs IWB +0.2 pts vs IWF
Expense ratio 0.37% 0.06%
Already in the S&P 500 94.3% 95.5%
Holdings 150 373
Net assets, IYW as of Oct 27, 2026 and VONG as of Sep 30, 2026 $25.0bn $47.1bn

IYW and VONG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-720D519F7D

IYW and VONG do different jobs. What does each one do in a portfolio?

  1. What each follows. IYW follows Russell 1000 Technology RIC 22 and VONG follows Russell 1000 Growth Index.
  2. One-year total return. Over 1 year to Oct 28, 2026 IYW returned +23.2% and VONG +1.1% with distributions reinvested, a gap of 22.1 points.
  3. Cost. IYW charges 0.37% of assets a year and VONG 0.06%, a gap of 0.31 points.

Data as of Oct 28, 2026.

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About each fund
IYW

IYW tracks an index of U.S. Technology. Over the year to Oct 28, 2026 it returned +23.2% with distributions reinvested, against +13.1% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 150 positions, with the top ten at 65.1%. It sat 5.5% below its high of Oct 6, 2026 on Oct 28, 2026.

VONG

VONG tracks the Russell 1000 Growth. Over the year to Oct 28, 2026 it returned +1.1% with distributions reinvested, against +0.9% 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%. It sat 4.8% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IYW or VONG?
In the year to Oct 28, 2026, with distributions reinvested, IYW returned +23.2% and VONG +1.1%.
Which is cheaper, IYW or VONG?
VONG is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYW and VONG overlap with the S&P 500?
By their latest filed holdings, 94% of IYW and 96% of VONG by weight is stocks the S&P 500 already holds.
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ETFIQ, IYW against VONG, data as of Oct 28, 2026. https://etfiq.com/compare/any/iyw-vs-vong

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