Dividend comparison
IWD vs IWF: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Russell 1000 Value ETF and iShares Russell 1000 Growth ETF, side by side. Updated October 21, 2026.
IWD vs IWF: key differences
The short answer, from the latest data on this page.
- Fees. Both charge about 0.18% a year, so cost is not what separates them.
- Income. IWD pays more income, yielding 1.37% over the last twelve months versus 0.35% for IWF. That is about $102 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, IWF returned 73.9% versus 69.0% for IWD, with dividends reinvested. $10,000 would have grown to $17,388 in IWF and $16,902 in IWD.
- Risk. IWF has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -32.7%, against -19.0% for IWD.
- Diversification. IWD holds 870 positions and IWF holds 372. The ten largest positions make up 29.9% of IWD and 57.8% of IWF.
- Overlap. At least 14% of the two portfolios overlap by weight, across 11 shared holdings. They mostly own different companies, so they can complement each other.
- Dividend growth. IWD grew its yearly payout 6.9% a year over the last 4 years, versus 2.9% for IWF.
Bottom line: IWD fits better if you care most about more income today, smaller drawdowns, faster dividend growth and broader diversification. IWF fits better if you care most about stronger 5-year returns.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | IWD iShares Russell 1000 Value ETF | IWF iShares Russell 1000 Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 1.37% | 0.35% |
| Dividend / share (TTM) | $3.53 | $0.43 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.9304 on Sep 18, 2026 | $0.1089 on Sep 18, 2026 |
| Ex-dividend date | Sep 15, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 6.9% over 4 yrs | 2.9% over 4 yrs |
| Price | $257.70 | $122.41 |
| Dividend growth streak | 4 years | — |
| Beta | 0.85 | 1.17 |
| Max drawdown (5Y) | -19.0% | -32.7% |
| Market cap | $83.69B | $124.78B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.18% | 0.18% |
| Assets under management | $84.29B | $125.03B |
| Number of holdings | 870 | 372 |
| Top 10 concentration | 29.9% | 57.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
IWD
$11.42/mo
$137 /yr at 1.37% yield
IWF
$2.94/mo
$35 /yr at 0.35% yield
Dividend history
Total dividends paid per share in each calendar year. IWD pays quarterly; IWF pays quarterly.
| Year | IWD | IWF |
|---|---|---|
| 2025 | $3.5594 | $0.4239 |
| 2024 | $3.4707 | $0.4596 |
| 2023 | $3.3381 | $0.5067 |
| 2022 | $3.2540 | $0.4873 |
| 2021 | $2.7280 | $0.3781 |
Strategy: Large-cap growth
Funds that hold the faster-growing half of the large-cap market, selected by measures like earnings growth, sales growth and price momentum. In practice that means heavy weights in technology and communication companies, with the largest few names often making up a third of the fund or more. Dividends are small because growth companies reinvest their cash instead of paying it out.
Concentration in a handful of mega-cap stocks makes these funds swing harder than the broad market in both directions, and they offer little current income.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $16,902 in IWD and $17,388 in IWF.
| Period | IWD | IWF |
|---|---|---|
| 1 month | 2.38% | -0.68% |
| 3 months | 3.90% | 2.56% |
| Year to date | 22.52% | 3.73% |
| 1 year | 25.76% | 3.98% |
| 3 years | 81.59% | 87.49% |
| 5 years | 69.02% | 73.88% |
- IWD
- IWF
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- IWD
- IWF
IWD vs IWF holdings overlap
At least 14% overlap by weight, with 11 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
IWD870 holdings total
Quick verdict
IWD fits better if you care most about more income today, smaller drawdowns, faster dividend growth and broader diversification. IWF fits better if you care most about stronger 5-year returns. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how IWD vs IWF fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is IWD or IWF better for dividend income?
It depends on your goals. IWD currently yields 1.37% Trailing Twelve Months (TTM) while IWF yields 0.35%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between IWD and IWF?
iShares Russell 1000 Value ETF (IWD) is an ETF listed on AMEX. iShares Russell 1000 Growth ETF (IWF) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, IWD or IWF?
They cost about the same: IWD charges 0.18% a year and IWF charges 0.18%.
Which has performed better, IWD or IWF?
Over the last 5 years, IWF has the higher total return with dividends reinvested: IWD returned 69.0% and IWF returned 73.9%. Past performance does not predict future returns.
Which is riskier, IWD or IWF?
Measured by the worst peak-to-trough decline over the last five years, IWF has been riskier: IWD fell as much as 19.0% and IWF as much as 32.7%. Their betas are 0.85 and 1.17.
How much do IWD and IWF overlap?
At least 14% of the two portfolios overlap by weight, across 11 shared holdings. The largest shared positions are AAPL, MSFT, META. Holding both still adds meaningful diversification.
How often do IWD and IWF pay dividends?
Both pay quarterly. The most recent payments were $0.9304 for IWD and $0.1089 for IWF.
How much income does $10,000 in IWD vs IWF generate?
At current TTM yields, $10,000 in IWD would generate roughly $11.42 per month ($137 annually). The same amount in IWF would produce about $2.94 per month ($35 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IWD and IWF?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare IWD vs IWF with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IWD and IWF fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.