Dividend comparison
VOOV vs IWD: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Vanguard S&P 500 Value ETF and iShares Russell 1000 Value ETF, side by side. Updated October 21, 2026.
VOOV vs IWD: key differences
The short answer, from the latest data on this page.
- Fees. VOOV is cheaper at 0.07% a year versus 0.18% for IWD. On $10,000 that is $11 a year less in fees.
- Income. VOOV pays more income, yielding 1.64% over the last twelve months versus 1.37% for IWD. That is about $27 more a year on $10,000. Both pay quarterly.
- Performance. Over the last 5 years, IWD returned 69.0% versus 68.1% for VOOV, with dividends reinvested. $10,000 would have grown to $16,902 in IWD and $16,805 in VOOV.
- Risk. Their worst declines over the last 5 years were similar: -18.1% for VOOV and -19.0% for IWD from peak to trough.
- Diversification. IWD holds 870 positions and VOOV holds 398. The ten largest positions make up 24.7% of VOOV and 29.9% of IWD.
- Overlap. At least 44% of the two portfolios overlap by weight, across 71 shared holdings.
- Dividend growth. IWD grew its yearly payout 6.9% a year over the last 4 years, versus 6.2% for VOOV.
- Size. IWD is the larger fund with $84.3 billion in assets, against $6.8 billion for VOOV.
Bottom line: VOOV fits better if you care most about lower fees and more income today. IWD fits better if you care most about broader diversification.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | VOOV Vanguard S&P 500 Value ETF | IWD iShares Russell 1000 Value ETF |
|---|---|---|
| Dividend yield (TTM) | 1.64% | 1.37% |
| Dividend / share (TTM) | $3.75 | $3.53 |
| Payout frequency | Quarterly | Quarterly |
| Last dividend | $0.9496 on Sep 25, 2026 | $0.9304 on Sep 18, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 15, 2026 |
| Dividend growth (CAGR) | 6.2% over 4 yrs | 6.9% over 4 yrs |
| Price | $228.99 | $257.70 |
| Dividend growth streak | — | 4 years |
| Beta | 0.84 | 0.85 |
| Max drawdown (5Y) | -18.1% | -19.0% |
| Market cap | $6.80B | $83.69B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.07% | 0.18% |
| Assets under management | $6.80B | $84.29B |
| Number of holdings | 398 | 870 |
| Top 10 concentration | 24.7% | 29.9% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
VOOV
$13.63/mo
$164 /yr at 1.64% yield
IWD
$11.42/mo
$137 /yr at 1.37% yield
Dividend history
Total dividends paid per share in each calendar year. VOOV pays quarterly; IWD pays quarterly.
| Year | VOOV | IWD |
|---|---|---|
| 2025 | $3.5962 | $3.5594 |
| 2024 | $3.8741 | $3.4707 |
| 2023 | $2.8343 | $3.3381 |
| 2022 | $3.0639 | $3.2540 |
| 2021 | $2.8271 | $2.7280 |
Strategy: Large-cap value
Funds that hold the cheaper half of the large-cap market by price-to-book, price-to-earnings and similar ratios. They lean toward financials, healthcare, industrials and energy, and pay higher dividends than growth funds because mature companies return more cash to shareholders. Funds tracking different value indexes can differ a lot in how many stocks they hold and how they define cheap.
Value can trail the broad market for years at a time when growth companies lead, as it did for much of the last decade.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $16,805 in VOOV and $16,902 in IWD.
| Period | VOOV | IWD |
|---|---|---|
| 1 month | 1.84% | 2.38% |
| 3 months | 2.62% | 3.90% |
| Year to date | 11.78% | 22.52% |
| 1 year | 13.77% | 25.76% |
| 3 years | 63.92% | 81.59% |
| 5 years | 68.05% | 69.02% |
- VOOV
- IWD
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.
- VOOV
- IWD
VOOV vs IWD holdings overlap
At least 44% overlap by weight, with 71 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 | VOOV weight | IWD weight |
|---|---|---|
| AAPLApple Inc | 8.33% | 6.07% |
| AMZNAmazon.com Inc | 3.94% | 6.24% |
| XOMExxonMobil Holdings Corp | 2.29% | 1.96% |
| WMTWalmart Inc | 1.59% | 1.27% |
| INTCIntel Corp | 2.05% | 1.12% |
| CVXChevron Corp | 1.38% | 1.11% |
| PGProcter & Gamble Co/The | 1.16% | 0.98% |
| UNHUnitedHealth Group Inc | 1.13% | 0.98% |
| JPMJPMorgan Chase & Co | 0.96% | 2.38% |
| MRKMerck & Co Inc | 1.23% | 0.95% |
Top 10 holdings
Largest positions by portfolio weight.
VOOV398 holdings total
Quick verdict
VOOV fits better if you care most about lower fees and more income today. IWD fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how VOOV vs IWD fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is VOOV or IWD better for dividend income?
It depends on your goals. VOOV currently yields 1.64% Trailing Twelve Months (TTM) while IWD yields 1.37%. 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 VOOV and IWD?
Vanguard S&P 500 Value ETF (VOOV) is an ETF listed on AMEX. iShares Russell 1000 Value ETF (IWD) 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, VOOV or IWD?
VOOV has the lower expense ratio. VOOV charges 0.07% a year and IWD charges 0.18%, a difference of $11 a year on a $10,000 investment.
Which has performed better, VOOV or IWD?
Over the last 5 years, IWD has the higher total return with dividends reinvested: VOOV returned 68.1% and IWD returned 69.0%. Past performance does not predict future returns.
Which is riskier, VOOV or IWD?
Measured by the worst peak-to-trough decline over the last five years, IWD has been riskier: VOOV fell as much as 18.1% and IWD as much as 19.0%. Their betas are 0.84 and 0.85.
How much do VOOV and IWD overlap?
At least 44% of the two portfolios overlap by weight, across 71 shared holdings. The largest shared positions are AAPL, AMZN, XOM. Holding both still adds meaningful diversification.
How often do VOOV and IWD pay dividends?
Both pay quarterly. The most recent payments were $0.9496 for VOOV and $0.9304 for IWD.
How much income does $10,000 in VOOV vs IWD generate?
At current TTM yields, $10,000 in VOOV would generate roughly $13.63 per month ($164 annually). The same amount in IWD would produce about $11.42 per month ($137 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both VOOV and IWD?
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 VOOV vs IWD with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how VOOV and IWD 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.