ETF Versus

IWD vs VONV

iShares Russell 1000 Value ETF vs Vanguard Russell 1000 Value Index Fund ETF Shares

Last updated: 2026-04-10

IWD iShares

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a moderate expense ratio of 0.18%. The fund offers a moderate dividend yield of 1.61%. Launched in 2000, the fund has a 26-year track record.

AUM: $73.0B ER: 0.18% Yield: 1.61% Since: May 22, 2000
VONV Vanguard

Vanguard Russell 1000 Value Index Fund ETF Shares (VONV) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a low expense ratio of 0.06%. The fund offers a moderate dividend yield of 1.75%. Launched in 2010, the fund has a 16-year track record.

AUM: $17.4B ER: 0.06% Yield: 1.75% Since: Sep 20, 2010

Quick Verdict

VONV is significantly cheaper at 0.06% vs 0.18% expense ratio, saving you approximately $237 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (28.1% vs 27.8%), tracking closely.

Key Metrics

Metric IWD VONV
Expense Ratio 0.18% 0.06%
Dividend Yield 1.6% 1.8%
Fund Family iShares Vanguard
Category US Large Cap Value US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 98 111 124 137 150 2021-04 2022-07 2023-10 2025-01 2026-04
IWD +43.4%
VONV +43.4%

Performance Comparison

Period IWD VONV Difference
1 Month +2.11% +2.03% +0.08%
3 Months +2.04% +2.04% +0.00%
6 Months +10.22% +10.13% +0.09%
YTD +4.70% +4.65% +0.05%
1 Year +28.09% +27.84% +0.25%
3 Years +44.59% +44.52% +0.07%
5 Years +43.38% +43.42% -0.04%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWD Fees VONV Fees You Save
$10,000 10 years $357 $120 $237
$10,000 20 years $1,529 $515 $1,014
$10,000 30 years $4,912 $1,664 $3,248
$50,000 10 years $1,786 $598 $1,187
$50,000 30 years $24,558 $8,318 $16,240
$100,000 30 years $49,116 $16,637 $32,479

Risk Metrics

Based on 5 years of daily returns

Metric IWD VONV
Annualized Volatility 14.9% 14.8%
Max Drawdown -20.3% -20.2%
Sharpe Ratio 0.26 0.26

Dividend Comparison

Metric IWD VONV
Annual Dividend (per share) $3.58 $1.71
Dividend Yield 1.61% 1.75%
Distribution Frequency Quarterly Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

IWD Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.81%
JPMorgan Chase & Co.JPM2.65%
Exxon Mobil CorporationXOM2.09%
Amazon.com, Inc.AMZN1.85%
Johnson & JohnsonJNJ1.84%
Alphabet Inc.GOOG1.68%
Walmart Inc.WMT1.58%
Micron Technology, Inc.MU1.44%
Chevron CorporationCVX1.15%

VONV Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.90%
JPMorgan Chase & Co.JPM2.39%
Exxon Mobil CorporationXOM2.00%
Johnson & JohnsonJNJ1.86%
Amazon.com, Inc.AMZN1.72%
Alphabet Inc.GOOG1.63%
Walmart Inc.WMT1.56%
Micron Technology, Inc.MU1.43%
The Procter & Gamble CompanyPG1.22%

Which One Should You Choose?

Choose VONV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Either works if...

you just need broad us large cap value exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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