IWN: iShares Russell 2000 Value ETF

What does IWN hold?#

This fund holds stocks of small US companies that look cheaper compared with things like their earnings or book value. Small company stocks often move up and down more than big company stocks. One share gives you a small piece of many companies.

It tracks the Russell 2000 Value Index. It had 1,410 holdings as of October 15, 2026, according to iShares (BlackRock).

What is the IWN expense ratio?#

IWN charges 0.24% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.24% fee comes to about $24 a year.

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

How has IWN done since 2000?#

From July 2000 to October 2026, IWN returned about 9.2% a year. Say you put in $10,000 at the start. It would have been worth about $100,474 at the end, with every dividend reinvested.

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.

IWN returns by year#

What was IWN’s worst drop?#

A drawdown is how far a fund falls from its last high point. IWN’s worst fall was −61.6%, from June 4, 2007 to March 9, 2009. It got back to that high on December 20, 2012.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold IWN?#

4 classic strategies hold IWN 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, by Mebane Faber, 2013
• GTAA Aggressive 3 (Faber GTAA AGG3), by Mebane Faber, 2013
• GTAA Aggressive 6 (Faber GTAA AGG6), by Mebane Faber, 2013
• Resilient Asset Allocation (Keller’s RAA), by Wouter J. Keller, 2020

How does IWN compare with similar ETFs?#

Funds that can stand in for IWN:

• VBR: Vanguard Morningstar Small-Cap Value ETF, 0.05% a year
• IJS: iShares S&P Small-Cap 600 Value ETF, 0.18% a year
• AVUV: Avantis U.S. Small Cap Value ETF, 0.25% a year
• SCHA: Schwab U.S. Small-Cap ETF, 0.03% a year

See all 8 IWN alternatives, compared on the same dates as IWN.

Test IWN 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, add IWN, 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 IWN. 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.

Fund facts come from iShares (BlackRock). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.