# IWD ETF: fees, returns, drawdowns and holdings

> What IWD holds, its 0.18% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund (ETF) run by iShares (BlackRock). This fund holds stocks of large and mid sized US companies that look cheaper compared with things like their earnings or book value. It charges 0.18% a year. From May 2000 to October 2026 it returned about 8.3% a year, and its worst drop was −60.1%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 16, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.18% a year (about $18 on $10,000).
- Started trading on May 22, 2000.
- Last close: $255.77 on October 16, 2026.
- Return over the last year: 28.7%.
- Worst drop since 2000: −60.1%.
- 5 Tactfolio classic strategies hold it.

## How has IWD done since 2000?

From May 2000 to October 2026, IWD returned about 8.3% a year. The S&P 500 returned about 8.6% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $82,354 at the end, with every dividend reinvested.

| Period | IWD | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | 1.8% | 1.5% |
| 3 months | 2.9% | 1.9% |
| 6 months | 14.5% | 9.3% |
| Year to date | 22.9% | 12.8% |
| 1 year | 28.7% | 16.8% |
| 3 years, per year | 21.1% | 22.0% |
| 5 years, per year | 11.6% | 12.8% |
| 10 years, per year | 11.8% | 15.4% |
| Since 2000, per year | 8.3% | 8.6% |

Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## IWD returns by month and year

IWD rose in 201 of its 318 months (63%). Its best month was November 2020, at 13.4%. Its worst was March 2020, at −17.4%.

| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Full year |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026 (part) | 4.5% | 2.6% | −4.9% | 8.2% | 2.9% | 2.2% | 3.9% | 2.0% | −3.1% | 3.2% |  |  | 22.9% |
| 2025 | 4.5% | 0.4% | −2.8% | −3.1% | 3.5% | 3.4% | 0.6% | 3.2% | 1.4% | 0.5% | 2.6% | 0.7% | 15.7% |
| 2024 | 0.1% | 3.6% | 5.0% | −4.3% | 3.3% | −1.1% | 5.1% | 2.7% | 1.3% | −1.1% | 6.5% | −6.9% | 14.2% |
| 2023 | 5.1% | −3.5% | −0.5% | 1.6% | −3.9% | 6.6% | 3.5% | −2.7% | −3.9% | −3.6% | 7.6% | 5.5% | 11.3% |
| 2022 | −2.4% | −1.2% | 2.9% | −5.8% | 2.0% | −8.8% | 6.6% | −3.0% | −8.7% | 10.1% | 6.2% | −4.0% | −7.8% |
| 2021 | −0.9% | 6.0% | 6.0% | 4.0% | 2.3% | −1.2% | 0.9% | 1.9% | −3.5% | 5.1% | −3.6% | 6.3% | 24.9% |
| 2020 | −2.1% | −9.3% | −17.4% | 11.2% | 3.5% | −0.7% | 4.0% | 4.1% | −2.5% | −1.2% | 13.4% | 3.7% | 2.7% |
| 2019 | 7.6% | 3.2% | 0.7% | 3.5% | −6.4% | 7.0% | 1.0% | −3.0% | 3.6% | 1.4% | 3.1% | 2.7% | 26.1% |
| 2018 | 3.8% | −4.8% | −1.8% | 0.3% | 0.6% | 0.3% | 3.9% | 1.4% | 0.2% | −5.2% | 2.8% | −9.4% | −8.5% |
| 2017 | 0.6% | 3.5% | −1.0% | −0.2% | −0.2% | 1.7% | 1.3% | −1.2% | 2.9% | 0.7% | 3.0% | 1.6% | 13.5% |
| 2016 | −5.3% | 0.0% | 7.3% | 2.1% | 1.5% | 0.8% | 2.9% | 0.8% | −0.2% | −1.5% | 5.6% | 2.6% | 17.3% |
| 2015 | −4.0% | 4.8% | −1.4% | 0.9% | 1.2% | −2.0% | 0.5% | −6.0% | −3.1% | 7.5% | 0.4% | −2.2% | −4.0% |
| 2014 | −3.6% | 4.3% | 2.4% | 0.9% | 1.4% | 2.5% | −1.7% | 3.6% | −2.0% | 2.1% | 2.2% | 0.5% | 13.2% |
| 2013 | 6.4% | 1.2% | 4.0% | 1.5% | 2.7% | −0.9% | 5.4% | −3.8% | 2.5% | 4.4% | 2.7% | 2.5% | 32.1% |
| 2012 | 3.8% | 3.6% | 3.1% | −1.0% | −5.8% | 5.0% | 0.9% | 2.3% | 3.1% | −0.5% | −0.1% | 2.2% | 17.5% |
| 2011 | 2.2% | 3.8% | 0.3% | 2.6% | −1.0% | −2.1% | −3.4% | −6.1% | −7.6% | 11.5% | −0.7% | 2.1% | 0.1% |
| 2010 | −2.8% | 3.1% | 6.7% | 2.6% | −8.2% | −5.8% | 6.8% | −4.2% | 7.6% | 3.1% | −0.6% | 7.9% | 15.5% |
| 2009 | −11.6% | −13.2% | 8.2% | 10.6% | 6.7% | −1.0% | 7.8% | 5.4% | 3.8% | −3.2% | 5.7% | 1.7% | 19.1% |
| 2008 | −4.0% | −3.9% | −0.1% | 4.2% | −0.3% | −9.5% | −0.3% | 1.7% | −7.4% | −17.0% | −7.5% | 1.8% | −36.5% |
| 2007 | 1.2% | −1.5% | 1.4% | 3.7% | 3.6% | −2.3% | −5.0% | 1.5% | 3.4% | 0.1% | −4.8% | −1.4% | −0.7% |
| 2006 | 3.7% | 1.0% | 1.6% | 2.3% | −2.4% | 0.5% | 2.4% | 1.5% | 2.2% | 3.1% | 2.3% | 2.3% | 22.5% |
| 2005 | −1.8% | 3.4% | −1.6% | −1.7% | 2.4% | 1.1% | 3.1% | −0.5% | 1.3% | −2.9% | 3.8% | 0.2% | 6.6% |
| 2004 | 1.7% | 2.1% | −0.7% | −2.8% | 1.0% | 2.6% | −1.3% | 1.2% | 1.4% | 1.5% | 5.1% | 3.4% | 16.1% |
| 2003 | −2.5% | −2.2% | −0.3% | 8.8% | 6.7% | 0.9% | 1.7% | 1.5% | −1.0% | 6.3% | 1.1% | 6.9% | 30.7% |
| 2002 | −0.6% | 0.5% | 4.7% | −3.7% | 0.0% | −5.8% | −8.8% | 0.4% | −11.0% | 7.7% | 6.4% | −4.8% | −15.6% |
| 2001 | 0.1% | −2.7% | −3.7% | 5.1% | 2.2% | −2.4% | 0.2% | −4.1% | −7.6% | −0.2% | 5.6% | 2.0% | −6.2% |
| 2000 (part) |  |  |  |  | 1.9% | −2.9% | −0.1% | 6.0% | 0.4% | 2.6% | −3.8% | 5.1% | 9.0% |

Each month runs from the last close of the month before. The first month counts from the first close.

## How risky is IWD compared with the S&P 500?

Measured from October 2021 to October 2026, on the days both traded.

- **Beta 0.77.** When the S&P 500 moved 1% in a day, IWD tended to move about 0.77%.
- **Correlation 0.90.** IWD mostly moved with the S&P 500.
- **Up and down months.** In months the S&P 500 rose, IWD rose 92% as much on average. In months it fell, IWD fell 92% as much.

| Measure | IWD | S&P 500 (SPY) |
| --- | --- | --- |
| Return per year | 11.6% | 12.8% |
| Volatility | 14.7% | 17.1% |
| Worst drop | −19.0% | −24.5% |
| Sharpe ratio | 0.82 | 0.79 |
| Sortino ratio | 1.19 | 1.15 |
| Calmar ratio | 0.61 | 0.52 |

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

## Is IWD above its 200-day average?

IWD closed 9.0% above its 200-day average on October 16, 2026. A rule that holds IWD only above that average would hold it today.

- Its 50-day average is 8.3% above its 200-day average.
- It closed 1.0% below its highest close of the last 52 weeks.

A moving average is the average close over the last so many days. Trend rules such as [the 10-month moving average strategy](https://tactfolio.com/strategies/faber-10-month-moving-average.md) hold a fund only while it is above one. You can [build that rule for IWD](https://tactfolio.com/builder) and backtest it in a minute.

## What was IWD's worst drop?

A drawdown is how far a fund falls from its last high point. IWD's worst fall was −60.1%, from June 4, 2007 to March 9, 2009. It got back to that high on February 1, 2013. On October 16, 2026 it was 1.0% below its highest close.

| Drop | Started | Bottom | Back to the high | Fall took | Recovery took |
| --- | --- | --- | --- | --- | --- |
| −60.1% | Jun 4, 2007 | Mar 9, 2009 | Feb 1, 2013 | 21 months | 3.9 years |
| −38.5% | Feb 13, 2020 | Mar 23, 2020 | Dec 4, 2020 | 39 days | 8 months |
| −34.1% | May 21, 2001 | Oct 9, 2002 | Dec 29, 2003 | 17 months | 15 months |
| −19.0% | Jan 12, 2022 | Sep 30, 2022 | Dec 14, 2023 | 9 months | 14 months |
| −18.3% | Jan 26, 2018 | Dec 24, 2018 | Apr 30, 2019 | 11 months | 4 months |

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## What does IWD hold?

This fund holds stocks of large and mid sized US companies that look cheaper compared with things like their earnings or book value. These are called value stocks. Its value goes up and down with those stocks.

It tracks the Russell 1000 Value Index. It had 870 holdings as of October 15, 2026, according to iShares (BlackRock).

| Fact | IWD |
| --- | --- |
| Full name | iShares Russell 1000 Value ETF |
| Issuer | iShares (BlackRock) |
| Expense ratio | 0.18% a year |
| Started trading | May 22, 2000 |
| Tracks | Russell 1000 Value Index |
| Type | US stocks, ETF |
| Holdings | 870 holdings as of October 15, 2026 |
| Facts checked | October 16, 2026 on the [iShares (BlackRock) fund page](https://www.ishares.com/us/products/239708/ishares-russell-1000-value-etf) |

## What is the IWD expense ratio?

IWD charges 0.18% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.18% fee comes to about $18 a year. Of the 162 ETFs on Tactfolio, 34% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## Which Tactfolio strategies hold IWD?

5 classic strategies hold IWD at least some of the time. Each is a set of written rules you can open, test and copy.

- [GTAA 13: Faber’s 13-asset tactical allocation](https://tactfolio.com/strategies/gtaa-13.md), by Mebane Faber, 2013
- [GTAA Aggressive 3 (Faber GTAA AGG3)](https://tactfolio.com/strategies/gtaa-aggressive-3.md), by Mebane Faber, 2013
- [GTAA Aggressive 6 (Faber GTAA AGG6)](https://tactfolio.com/strategies/gtaa-aggressive-6.md), by Mebane Faber, 2013
- [Trinity Portfolio (Meb Faber)](https://tactfolio.com/strategies/trinity-portfolio.md), by Mebane Faber, 2016
- [Lethargic Asset Allocation (Keller’s LAA)](https://tactfolio.com/strategies/lethargic-asset-allocation.md), by Wouter J. Keller, 2019

## How does IWD compare with similar ETFs?

Funds that can stand in for IWD:

- [VTV](https://tactfolio.com/etf/VTV.md): Vanguard Morningstar Value ETF, 0.03% a year
- [SCHV](https://tactfolio.com/etf/SCHV.md): Schwab U.S. Large-Cap Value ETF, 0.04% a year
- [SPYV](https://tactfolio.com/etf/SPYV.md): State Street SPDR Portfolio S&P 500 Value ETF, 0.04% a year
- [IVE](https://tactfolio.com/etf/IVE.md): iShares S&P 500 Value ETF, 0.18% a year

See [all 8 IWD alternatives](https://tactfolio.com/alternatives/IWD.md), compared on the same dates as IWD.

## Test IWD in your own rules

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add IWD, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for IWD and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from iShares (BlackRock). We checked them on October 16, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [S&P 500 index](https://tactfolio.com/learn/sp500-index): The S&P 500 tracks about 500 large US companies. Learn how stocks get in, how the index is weighted, how to invest in it, and how far it has fallen before.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of IWD?

IWD charges 0.18% a year, according to iShares (BlackRock) as of October 16, 2026. That is about $18 a year for every $10,000 you hold.

### When did IWD start trading?

IWD started trading on May 22, 2000. It is run by iShares (BlackRock).

### What does IWD track?

IWD tracks the Russell 1000 Value Index. This fund holds stocks of large and mid sized US companies that look cheaper compared with things like their earnings or book value.

### How much has IWD returned per year?

From May 2000 to October 2026, IWD returned about 8.3% a year with dividends reinvested. Its worst drop was −60.1%. Past returns do not tell you what it will do next.

### Is IWD above its 200-day moving average?

On October 16, 2026, IWD closed 9.0% above its 200-day moving average. This page updates after each US market close.

### Which strategies use IWD?

5 of Tactfolio's classic strategies hold IWD, including GTAA 13: Faber’s 13-asset tactical allocation, GTAA Aggressive 3 (Faber GTAA AGG3), GTAA Aggressive 6 (Faber GTAA AGG6).

## Sources

- [iShares (BlackRock): iShares Russell 1000 Value ETF fund page](https://www.ishares.com/us/products/239708/ishares-russell-1000-value-etf)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.