IWB vs SPY
Comparison between ISHARES RUSSELL 1000 ETF (IWB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IWB, delivering a return of +13.3% compared to +12.5%
IWB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWB
$43B
Winner
SPY
$652B
Expense Ratio
IWB
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
IWB
56.43%
SPY
56.47%
Sharpe Ratio
IWB
1.99
Winner
SPY
2.07
5Y Beta
Winner
IWB
0.98
SPY
1.00
P/E Ratio
Winner
IWB
27.79
SPY
28.24
Forward P/E
Winner
IWB
21.51
SPY
21.85
5Y Dividends CAGR
Winner
IWB
9.65%
SPY
5.43%
5Y EPS CAGR
IWB
25.49%
Winner
SPY
25.79%
Debt to Equity
IWB
39.40%
Winner
SPY
22.35%
P/S Ratio
Winner
IWB
3.09
SPY
3.55
P/B Ratio
Winner
IWB
4.84
SPY
5.29
IWB vs SPY - Holdings Comparison
IWB and SPY have 458 common holdings. Overlap is 73.85%
IWB's top 25 holdings weight is 43.87%. SPY's top 25 holdings weight is 51.32%.
| Rank | IWB | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 6.64% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 6.10% | APPLE INC (AAPL) - 6.48% |
| #3 | MICROSOFT CORP (MSFT) - 4.57% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | AMAZON.COM INC (AMZN) - 3.31% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 2.73% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BROADCOM INC (AVGO) - 2.33% | BROADCOM INC (AVGO) - 3.09% |
| #7 | ALPHABET INC CLASS C (GOOG) - 2.22% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.01% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TESLA INC (TSLA) - 1.72% | TESLA INC (TSLA) - 1.73% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.50% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.32% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | EXXON MOBIL CORP (XOM) - 1.24% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | ELI LILLY AND CO (LLY) - 1.22% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | JOHNSON & JOHNSON (JNJ) - 1.00% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | WALMART INC (WMT) - 0.92% | WALMART INC (WMT) - 0.91% |
| #16 | VISA INC CLASS A (V) - 0.87% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | COSTCO WHOLESALE CORP (COST) - 0.76% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | CHEVRON CORP (CVX) - 0.68% | VISA INC CLASS A (V) - 0.85% |
| #19 | MASTERCARD INC CLASS A (MA) - 0.68% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | NETFLIX INC (NFLX) - 0.68% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | CONOCOPHILLIPS (COP) - 0.28% | INTEL CORP (INTC) - 0.65% |
| #22 | AMERICAN EXPRESS CO (AXP) - 0.28% | NETFLIX INC (NFLX) - 0.64% |
| #23 | CHARLES SCHWAB CORP (SCHW) - 0.27% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | INTUITIVE SURGICAL INC (ISRG) - 0.27% | CHEVRON CORP (CVX) - 0.58% |
| #25 | PFIZER INC (PFE) - 0.27% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 965 | 505 |
IWB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
IWB
+8.52%
Winner
SPY
+9.11%
3M
IWB
+6.03%
Winner
SPY
+6.59%
6M
IWB
+10.03%
Winner
SPY
+10.56%
1Y
IWB
+30.94%
Winner
SPY
+32.04%
5Y(CAGR)
IWB
+12.51%
Winner
SPY
+13.35%
10Y(CAGR)
IWB
+15.17%
Winner
SPY
+15.49%
Max(CAGR)
Winner
IWB
+8.52%
SPY
+8.50%
IWB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWB | SPY |
|---|---|---|
| 2026 | +7.73% | +8.27% |
| 2025 | +17.40% | +18.00% |
| 2024 | +25.08% | +25.59% |
| 2023 | +27.04% | +26.72% |
| 2022 | -19.70% | -18.64% |
| 2021 | +28.10% | +30.52% |
| 2020 | +19.74% | +17.28% |
| 2019 | +31.11% | +31.09% |
| 2018 | -5.57% | -5.24% |
| 2017 | +20.58% | +20.78% |
| 2016 | +13.69% | +13.59% |
| 2015 | +0.86% | +1.31% |
| 2014 | +14.05% | +14.56% |
| 2013 | +29.59% | +29.00% |
| 2012 | +14.77% | +14.17% |
| 2011 | +0.22% | +0.85% |
| 2010 | +14.18% | +13.14% |
| 2009 | +24.67% | +22.67% |
| 2008 | -36.70% | -36.25% |
| 2007 | +5.37% | +5.32% |
| 2006 | +13.49% | +13.85% |
| 2005 | +7.04% | +5.32% |
| 2004 | +10.98% | +10.75% |
| 2003 | +25.31% | +24.18% |
| 2002 | -22.03% | -22.42% |
| 2001 | -8.93% | -10.13% |
| 2000 | -4.97% | -8.84% |
| 1999 | N/A | +8.61% |
IWB vs SPY Drawdown Comparison
The maximum drawdown for IWB was -55.38%, occurring on Mar 9, 2009. Recovery took 1119 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | IWB | SPY |
|---|---|---|
| #1 | -55.38% Oct 9, 2007 - Mar 19, 2012 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -48.25% Sep 1, 2000 - Oct 13, 2006 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -34.60% Feb 19, 2020 - Aug 10, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.20% Jan 3, 2022 - Dec 14, 2023 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.72% Sep 20, 2018 - Apr 12, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.09% Feb 19, 2025 - Jun 26, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.25% May 21, 2015 - Jun 2, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.97% Jan 26, 2018 - Jul 25, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.86% Apr 2, 2012 - Aug 16, 2012 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.45% Jul 19, 2007 - Oct 5, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.33% Sep 2, 2020 - Nov 11, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.86% Jan 27, 2026 - Apr 15, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.43% Jul 16, 2024 - Sep 19, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.58% Sep 18, 2014 - Oct 31, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.30% Sep 14, 2012 - Jan 2, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWB and SPY is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (1999 - 2026)
IWB vs SPY dividend yield comparison.
| Year | IWB | SPY |
|---|---|---|
| 2026 | 0.22% | 0.24% |
| 2025 | 1.00% | 1.07% |
| 2024 | 1.14% | 1.21% |
| 2023 | 1.31% | 1.40% |
| 2022 | 1.56% | 1.65% |
| 2021 | 1.09% | 1.20% |
| 2020 | 1.37% | 1.52% |
| 2019 | 1.71% | 1.75% |
| 2018 | 2.06% | 2.04% |
| 2017 | 1.64% | 1.80% |
| 2016 | 1.89% | 2.03% |
| 2015 | 1.95% | 2.06% |
| 2014 | 1.70% | 1.87% |
| 2013 | 1.68% | 1.81% |
| 2012 | 2.05% | 2.18% |
| 2011 | 1.93% | 2.05% |
| 2010 | 1.67% | 1.80% |
| 2009 | 1.94% | 1.95% |
| 2008 | 2.49% | 3.02% |
| 2007 | 1.68% | 1.85% |
| 2006 | 1.57% | 1.73% |
| 2005 | 1.92% | 1.73% |
| 2004 | 1.73% | 1.82% |
| 2003 | 1.42% | 1.47% |
| 2002 | 1.54% | 1.70% |
| 2001 | 1.14% | 1.25% |
| 2000 | 0.64% | 1.15% |
| 1999 | 0.00% | 0.24% |
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