Dividend comparison
IWY vs VOOG: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for iShares Russell Top 200 Growth ETF and Vanguard S&P 500 Growth ETF, side by side. Updated October 21, 2026.
IWY vs VOOG: key differences
The short answer, from the latest data on this page.
- Fees. VOOG is cheaper at 0.07% a year versus 0.20% for IWY. On $10,000 that is $13 a year less in fees.
- Income. VOOG pays more income, yielding 0.46% over the last twelve months versus 0.34% for IWY. That is about $12 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, VOOG returned 85.8% versus 83.2% for IWY, with dividends reinvested. $10,000 would have grown to $18,584 in VOOG and $18,316 in IWY.
- Risk. Their worst declines over the last 5 years were similar: -32.7% for IWY and -32.7% for VOOG from peak to trough.
- Diversification. VOOG holds 212 positions and IWY holds 101. The ten largest positions make up 60.9% of IWY and 60.2% of VOOG.
- Overlap. 76% of the two portfolios overlap by weight, across 60 shared holdings. Owning both adds little diversification.
- Dividend growth. VOOG grew its yearly payout 7.8% a year over the last 4 years, versus 3.5% for IWY.
Bottom line: VOOG has the edge on these figures, with lower fees, stronger 5-year returns, faster dividend growth and broader diversification. IWY does not lead on any of the measures compared here. With 76% 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 | VOOG Vanguard S&P 500 Growth ETF |
|---|---|---|
| Dividend yield (TTM) | 0.34% | 0.46% |
| Dividend / share (TTM) | $0.97 | $0.39 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.2310 on Sep 18, 2026 | $0.1050 on Sep 25, 2026 |
| Ex-dividend date | Sep 15, 2026 | Sep 23, 2026 |
| Dividend growth (CAGR) | 3.5% over 4 yrs | 7.8% over 4 yrs |
| Price | $287.93 | $84.15 |
| Dividend growth streak | 1 year | 1 year |
| Beta | 1.17 | 1.17 |
| Max drawdown (5Y) | -32.7% | -32.7% |
| Market cap | $16.10B | $27.90B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.20% | 0.07% |
| Assets under management | $16.23B | $27.90B |
| Number of holdings | 101 | 212 |
| Top 10 concentration | 60.9% | 60.2% |
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
VOOG
$3.83/mo
$46 /yr at 0.46% yield
Dividend history
Total dividends paid per share in each calendar year. IWY pays quarterly; VOOG pays quarterly.
| Year | IWY | VOOG |
|---|---|---|
| 2025 | $1.0051 | $0.3625 |
| 2024 | $0.9968 | $0.2981 |
| 2023 | $1.1862 | $0.5075 |
| 2022 | $1.0596 | $0.3279 |
| 2021 | $0.8742 | $0.2685 |
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 $18,584 in VOOG.
| Period | IWY | VOOG |
|---|---|---|
| 1 month | -0.57% | -0.12% |
| 3 months | 3.03% | 4.03% |
| Year to date | 3.97% | 13.98% |
| 1 year | 4.31% | 15.83% |
| 3 years | 89.48% | 109.80% |
| 5 years | 83.16% | 85.84% |
- IWY
- VOOG
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
- VOOG
IWY vs VOOG holdings overlap
76% overlap by weight, with 60 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 | VOOG weight |
|---|---|---|
| NVDANVIDIA | 15.02% | 14.99% |
| AAPLAPPLE | 8.32% | 6.59% |
| MSFTMICROSOFT | 6.34% | 10.33% |
| GOOGLALPHABET CLASS A | 6.07% | 5.48% |
| AVGOBROADCOM INC | 5.08% | 4.53% |
| GOOGALPHABET CLASS C | 4.89% | 4.39% |
| METAMETA PLATFORMS CLASS A | 4.35% | 4.34% |
| MUMICRON TECHNOLOGY | 3.54% | 3.26% |
| AMDADVANCED MICRO DEVICES | 3.10% | 2.71% |
| LLYELI LILLY | 3.55% | 2.51% |
Top 10 holdings
Largest positions by portfolio weight.
IWY101 holdings total
Quick verdict
VOOG has the edge on these figures, with lower fees, stronger 5-year returns, faster dividend growth and broader diversification. IWY does not lead on any of the measures compared here. With 76% 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 IWY or VOOG better for dividend income?
It depends on your goals. IWY currently yields 0.34% Trailing Twelve Months (TTM) while VOOG yields 0.46%. 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 VOOG?
iShares Russell Top 200 Growth ETF (IWY) is an ETF listed on AMEX. Vanguard S&P 500 Growth ETF (VOOG) 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 VOOG?
VOOG has the lower expense ratio. IWY charges 0.20% a year and VOOG charges 0.07%, a difference of $13 a year on a $10,000 investment.
Which has performed better, IWY or VOOG?
Over the last 5 years, VOOG has the higher total return with dividends reinvested: IWY returned 83.2% and VOOG returned 85.8%. Past performance does not predict future returns.
Which is riskier, IWY or VOOG?
Measured by the worst peak-to-trough decline over the last five years, VOOG has been riskier: IWY fell as much as 32.7% and VOOG as much as 32.7%. Their betas are 1.17 and 1.17.
How much do IWY and VOOG overlap?
About 76% of the two portfolios overlap by weight, across 60 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both adds little diversification.
How often do IWY and VOOG pay dividends?
Both pay quarterly. The most recent payments were $0.2310 for IWY and $0.1050 for VOOG.
How much income does $10,000 in IWY vs VOOG generate?
At current TTM yields, $10,000 in IWY would generate roughly $2.81 per month ($34 annually). The same amount in VOOG would produce about $3.83 per month ($46 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both IWY and VOOG?
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 VOOG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how IWY and VOOG 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.