Dividend comparison
IWY vs IWF: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Russell Top 200 Growth ETF and iShares Russell 1000 Growth ETF, side by side. Updated October 21, 2026.
IWY vs IWF: key differences
The short answer, from the latest data on this page.
- Fees. IWF is cheaper at 0.18% a year versus 0.20% for IWY. On $10,000 that is $2 a year less in fees.
- Income. Their trailing yields are almost the same: 0.34% for IWY and 0.35% for IWF. Both pay quarterly.
- Performance. Over the last 5 years, IWY returned 83.2% versus 73.9% for IWF, with dividends reinvested. $10,000 would have grown to $18,316 in IWY and $17,388 in IWF.
- Risk. Their worst declines over the last 5 years were similar: -32.7% for IWY and -32.7% for IWF from peak to trough.
- Diversification. IWF holds 372 positions and IWY holds 101. The ten largest positions make up 60.9% of IWY and 57.8% of IWF.
- Overlap. 88% of the two portfolios overlap by weight, across 72 shared holdings. Owning both adds little diversification.
- Dividend growth. IWY grew its yearly payout 3.5% a year over the last 4 years, versus 2.9% for IWF.
- Size. IWF is the larger fund with $125.0 billion in assets, against $16.2 billion for IWY.
Bottom line: IWY fits better if you care most about stronger 5-year returns. IWF fits better if you care most about lower fees and broader diversification. With 88% 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 | IWY iShares Russell Top 200 Growth ETF | IWF iShares Russell 1000 Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 0.34% | 0.35% |
| Dividend / share (TTM) | $0.97 | $0.43 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.2310 on Sep 18, 2026 | $0.1089 on Sep 18, 2026 |
| Ex-dividend date | Sep 15, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 3.5% over 4 yrs | 2.9% over 4 yrs |
| Price | $287.93 | $122.41 |
| Dividend growth streak | 1 year | — |
| Beta | 1.17 | 1.17 |
| Max drawdown (5Y) | -32.7% | -32.7% |
| Market cap | $16.10B | $124.78B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.20% | 0.18% |
| Assets under management | $16.23B | $125.03B |
| Number of holdings | 101 | 372 |
| Top 10 concentration | 60.9% | 57.8% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
IWY
$2.81/mo
$34 /yr at 0.34% yield
IWF
$2.94/mo
$35 /yr at 0.35% yield
Dividend history
Total dividends paid per share in each calendar year. IWY pays quarterly; IWF pays quarterly.
| Year | IWY | IWF |
|---|---|---|
| 2025 | $1.0051 | $0.4239 |
| 2024 | $0.9968 | $0.4596 |
| 2023 | $1.1862 | $0.5067 |
| 2022 | $1.0596 | $0.4873 |
| 2021 | $0.8742 | $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 $18,316 in IWY and $17,388 in IWF.
| Period | IWY | IWF |
|---|---|---|
| 1 month | -0.57% | -0.68% |
| 3 months | 3.03% | 2.56% |
| Year to date | 3.97% | 3.73% |
| 1 year | 4.31% | 3.98% |
| 3 years | 89.48% | 87.49% |
| 5 years | 83.16% | 73.88% |
- IWY
- 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.
- IWY
- IWF
IWY vs IWF holdings overlap
88% overlap by weight, with 72 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 | IWY weight | IWF weight |
|---|---|---|
| NVDANVIDIA | 15.02% | 15.20% |
| AAPLAPPLE | 8.32% | 8.06% |
| GOOGLALPHABET CLASS A | 6.07% | 6.02% |
| MSFTMICROSOFT | 6.34% | 5.95% |
| GOOGALPHABET CLASS C | 4.89% | 4.86% |
| AVGOBROADCOM INC | 5.08% | 4.67% |
| METAMETA PLATFORMS CLASS A | 4.35% | 3.81% |
| TSLATESLA INC | 3.78% | 3.23% |
| MUMICRON TECHNOLOGY | 3.54% | 3.06% |
| LLYELI LILLY | 3.55% | 2.97% |
Top 10 holdings
Largest positions by portfolio weight.
IWY101 holdings total
Quick verdict
IWY fits better if you care most about stronger 5-year returns. IWF fits better if you care most about lower fees and broader diversification. With 88% 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
Forecast dividend income, track payouts, and see how IWY vs IWF fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is IWY or IWF better for dividend income?
It depends on your goals. IWY currently yields 0.34% 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 IWY and IWF?
iShares Russell Top 200 Growth ETF (IWY) 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, IWY or IWF?
IWF has the lower expense ratio. IWY charges 0.20% a year and IWF charges 0.18%, a difference of $2 a year on a $10,000 investment.
Which has performed better, IWY or IWF?
Over the last 5 years, IWY has the higher total return with dividends reinvested: IWY returned 83.2% and IWF returned 73.9%. Past performance does not predict future returns.
Which is riskier, IWY or IWF?
Measured by the worst peak-to-trough decline over the last five years, IWF has been riskier: IWY fell as much as 32.7% and IWF as much as 32.7%. Their betas are 1.17 and 1.17.
How much do IWY and IWF overlap?
About 88% of the two portfolios overlap by weight, across 72 shared holdings. The largest shared positions are NVDA, AAPL, GOOGL. Holding both adds little diversification.
How often do IWY and IWF pay dividends?
Both pay quarterly. The most recent payments were $0.2310 for IWY and $0.1089 for IWF.
How much income does $10,000 in IWY vs IWF generate?
At current TTM yields, $10,000 in IWY would generate roughly $2.81 per month ($34 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 IWY 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 IWY vs IWF with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IWY 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.