Dividend comparison
IWF vs FSPGX: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Russell 1000 Growth ETF and Fidelity Large Cap Growth Idx, side by side. Updated October 21, 2026.
IWF vs FSPGX: key differences
The short answer, from the latest data on this page.
- Income. Their trailing yields are almost the same: 0.35% for IWF and 0.37% for FSPGX. IWF pays quarterly, FSPGX pays semi-annual.
- Performance. Over the last 5 years, FSPGX returned 74.7% versus 73.9% for IWF, with dividends reinvested. $10,000 would have grown to $17,472 in FSPGX and $17,388 in IWF.
- Risk. Their worst declines over the last 5 years were similar: -32.7% for IWF and -32.7% for FSPGX from peak to trough.
- Diversification. IWF holds 372 positions and FSPGX holds 100. The ten largest positions make up 57.8% of IWF and 56.8% of FSPGX.
- Overlap. 89% of the two portfolios overlap by weight, across 96 shared holdings. Owning both adds little diversification.
- Dividend growth. IWF grew its yearly payout 2.9% a year over the last 4 years, versus -29.9% for FSPGX.
Bottom line: IWF has the edge on these figures, with faster dividend growth and broader diversification. FSPGX does not lead on any of the measures compared here. With 89% overlap, most investors would hold one or the other rather than both.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | IWF iShares Russell 1000 Growth ETF | FSPGX Fidelity Large Cap Growth Idx |
|---|---|---|
| Dividend yield (TTM) | 0.35% | 0.37% |
| Dividend / share (TTM) | $0.43 | $0.18 |
| Payout frequency | Quarterly | Semi-annual |
| Last dividend | $0.1089 on Sep 18, 2026 | $0.0210 on Jun 29, 2026 |
| Ex-dividend date | Sep 15, 2026 | Jun 26, 2026 |
| Dividend growth (CAGR) | 2.9% over 4 yrs | -29.9% over 4 yrs |
| Price | $122.41 | $48.03 |
| Dividend growth streak | — | 2 years |
| Beta | 1.17 | 1.16 |
| Max drawdown (5Y) | -32.7% | -32.7% |
| Market cap | $124.78B | $44.27B |
| Exchange | AMEX | NASDAQ |
| Expense ratio | 0.18% | — |
| Assets under management | $125.03B | — |
| Number of holdings | 372 | 100 |
| Top 10 concentration | 57.8% | 56.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
IWF
$2.94/mo
$35 /yr at 0.35% yield
FSPGX
$3.12/mo
$37 /yr at 0.37% yield
Dividend history
Total dividends paid per share in each calendar year. IWF pays quarterly; FSPGX pays semi-annual.
| Year | IWF | FSPGX |
|---|---|---|
| 2025 | $0.4239 | $0.1590 |
| 2024 | $0.4596 | $0.1450 |
| 2023 | $0.5067 | $0.2160 |
| 2022 | $0.4873 | $0.1790 |
| 2021 | $0.3781 | $0.6570 |
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 $17,388 in IWF and $17,472 in FSPGX.
| Period | IWF | FSPGX |
|---|---|---|
| 1 month | -0.68% | -0.74% |
| 3 months | 2.56% | 2.58% |
| Year to date | 3.73% | 3.80% |
| 1 year | 3.98% | 3.71% |
| 3 years | 87.49% | 87.76% |
| 5 years | 73.88% | 74.72% |
- IWF
- FSPGX
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.
- IWF
- FSPGX
IWF vs FSPGX holdings overlap
89% overlap by weight, with 96 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | IWF weight | FSPGX weight |
|---|---|---|
| NVDANVIDIA | 15.20% | 15.45% |
| AAPLAPPLE | 8.06% | 7.45% |
| GOOGLALPHABET CLASS A | 6.02% | 5.93% |
| MSFTMICROSOFT | 5.95% | 5.65% |
| GOOGALPHABET CLASS C | 4.86% | 4.79% |
| AVGOBROADCOM INC | 4.67% | 5.17% |
| TSLATESLA INC | 3.23% | 3.23% |
| METAMETA PLATFORMS CLASS A | 3.81% | 3.09% |
| MUMICRON TECHNOLOGY | 3.06% | 3.24% |
| LLYELI LILLY | 2.97% | 2.77% |
Top 10 holdings
Largest positions by portfolio weight.
IWF372 holdings total
Quick verdict
IWF has the edge on these figures, with faster dividend growth and broader diversification. FSPGX does not lead on any of the measures compared here. With 89% overlap, most investors would hold one or the other rather than both. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
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Frequently asked questions
Is IWF or FSPGX better for dividend income?
It depends on your goals. IWF currently yields 0.35% Trailing Twelve Months (TTM) while FSPGX yields 0.37%. 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 IWF and FSPGX?
iShares Russell 1000 Growth ETF (IWF) is an ETF listed on AMEX. Fidelity Large Cap Growth Idx (FSPGX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, IWF or FSPGX?
Over the last 5 years, FSPGX has the higher total return with dividends reinvested: IWF returned 73.9% and FSPGX returned 74.7%. Past performance does not predict future returns.
Which is riskier, IWF or FSPGX?
Measured by the worst peak-to-trough decline over the last five years, IWF has been riskier: IWF fell as much as 32.7% and FSPGX as much as 32.7%. Their betas are 1.17 and 1.16.
How much do IWF and FSPGX overlap?
About 89% of the two portfolios overlap by weight, across 96 shared holdings. The largest shared positions are NVDA, AAPL, GOOGL. Holding both adds little diversification.
How often do IWF and FSPGX pay dividends?
IWF pays quarterly and FSPGX pays semi-annual.
How much income does $10,000 in IWF vs FSPGX generate?
At current TTM yields, $10,000 in IWF would generate roughly $2.94 per month ($35 annually). The same amount in FSPGX would produce about $3.12 per month ($37 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IWF and FSPGX?
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 IWF vs FSPGX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IWF and FSPGX 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.