IWL vs SPY
Comparison between ISHARES RUSSELL TOP 200 ETF (IWL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceIWL has outperformed SPY, delivering a return of +14.1% compared to +13.3%
IWL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IWL
$1.90B
Winner
SPY
$652B
Expense Ratio
IWL
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
IWL
32.71%
SPY
56.47%
Sharpe Ratio
Winner
IWL
2.07
SPY
2.07
5Y Beta
Winner
IWL
0.99
SPY
1.00
P/E Ratio
IWL
28.48
Winner
SPY
28.24
Forward P/E
IWL
22.23
Winner
SPY
21.85
PEG Ratio
IWL
0.54
SPY
N/A
5Y Dividends CAGR
Winner
IWL
10.01%
SPY
5.43%
5Y EPS CAGR
Winner
IWL
27.36%
SPY
25.79%
Debt to Equity
IWL
22.46%
Winner
SPY
22.35%
P/S Ratio
IWL
4.37
Winner
SPY
3.55
P/B Ratio
IWL
5.90
Winner
SPY
5.29
IWL vs SPY - Holdings Comparison
IWL and SPY have 191 common holdings. Overlap is 84.70%
IWL's top 25 holdings weight is 59.78%. SPY's top 25 holdings weight is 51.32%.
| Rank | IWL | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 9.60% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 7.50% | APPLE INC (AAPL) - 6.48% |
| #3 | MICROSOFT CORP (MSFT) - 6.12% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | AMAZON.COM INC (AMZN) - 4.79% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 3.91% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | BROADCOM INC (AVGO) - 3.55% | BROADCOM INC (AVGO) - 3.09% |
| #7 | ALPHABET INC CLASS C (GOOG) - 3.16% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | META PLATFORMS INC CLASS A (META) - 2.82% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TESLA INC (TSLA) - 2.04% | TESLA INC (TSLA) - 1.73% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.70% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | JPMORGAN CHASE & CO (JPM) - 1.63% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ELI LILLY AND CO (LLY) - 1.35% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | EXXON MOBIL CORP (XOM) - 1.22% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | MICRON TECHNOLOGY INC (MU) - 1.08% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | WALMART INC (WMT) - 1.07% | WALMART INC (WMT) - 0.91% |
| #16 | JOHNSON & JOHNSON (JNJ) - 1.05% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | VISA INC CLASS A (V) - 1.00% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ADVANCED MICRO DEVICES INC (AMD) - 1.00% | VISA INC CLASS A (V) - 0.85% |
| #19 | COSTCO WHOLESALE CORP (COST) - 0.85% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | MASTERCARD INC CLASS A (MA) - 0.79% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | NETFLIX INC (NFLX) - 0.75% | INTEL CORP (INTC) - 0.65% |
| #22 | CATERPILLAR INC (CAT) - 0.73% | NETFLIX INC (NFLX) - 0.64% |
| #23 | INTEL CORP (INTC) - 0.72% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | CHEVRON CORP (CVX) - 0.68% | CHEVRON CORP (CVX) - 0.58% |
| #25 | PROCTER & GAMBLE CO (PG) - 0.67% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 203 | 505 |
IWL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IWL
+9.81%
SPY
+9.11%
3M
Winner
IWL
+6.77%
SPY
+6.59%
6M
IWL
+9.77%
Winner
SPY
+10.56%
1Y
Winner
IWL
+33.19%
SPY
+32.04%
5Y(CAGR)
Winner
IWL
+14.09%
SPY
+13.35%
10Y(CAGR)
Winner
IWL
+16.37%
SPY
+15.49%
Max(CAGR)
Winner
IWL
+14.77%
SPY
+8.50%
IWL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IWL | SPY |
|---|---|---|
| 2026 | +7.63% | +8.27% |
| 2025 | +19.23% | +18.00% |
| 2024 | +27.94% | +25.59% |
| 2023 | +30.35% | +26.72% |
| 2022 | -20.56% | -18.64% |
| 2021 | +29.44% | +30.52% |
| 2020 | +20.82% | +17.28% |
| 2019 | +31.47% | +31.09% |
| 2018 | -3.75% | -5.24% |
| 2017 | +22.10% | +20.78% |
| 2016 | +12.98% | +13.59% |
| 2015 | +2.73% | +1.31% |
| 2014 | +15.28% | +14.56% |
| 2013 | +28.75% | +29.00% |
| 2012 | +15.54% | +14.17% |
| 2011 | +1.51% | +0.85% |
| 2010 | +10.16% | +13.14% |
| 2009 | +6.19% | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IWL vs SPY Drawdown Comparison
The maximum drawdown for IWL was -32.71%, occurring on Mar 23, 2020. Recovery took 115 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | IWL | SPY |
|---|---|---|
| #1 | -32.71% Feb 19, 2020 - Aug 3, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -25.64% Jan 3, 2022 - Dec 11, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -19.31% Oct 2, 2018 - Apr 22, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -19.15% Feb 19, 2025 - Jun 26, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.77% May 2, 2011 - Feb 3, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.37% Apr 15, 2010 - Nov 5, 2010 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -12.41% Jul 20, 2015 - Apr 20, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.06% Jan 26, 2018 - Jul 25, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.01% Sep 2, 2020 - Nov 16, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.83% Jan 12, 2026 - Apr 15, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.42% Apr 2, 2012 - Aug 15, 2012 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.04% Jul 10, 2024 - Sep 19, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.73% Jan 19, 2010 - Mar 17, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.69% Oct 4, 2012 - Jan 4, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.39% Sep 19, 2014 - Oct 31, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IWL 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)
IWL vs SPY dividend yield comparison.
| Year | IWL | SPY |
|---|---|---|
| 2026 | 0.19% | 0.24% |
| 2025 | 0.90% | 1.07% |
| 2024 | 1.04% | 1.21% |
| 2023 | 1.30% | 1.40% |
| 2022 | 1.54% | 1.65% |
| 2021 | 1.12% | 1.20% |
| 2020 | 1.30% | 1.52% |
| 2019 | 1.96% | 1.75% |
| 2018 | 1.93% | 2.04% |
| 2017 | 1.69% | 1.80% |
| 2016 | 1.96% | 2.03% |
| 2015 | 2.14% | 2.06% |
| 2014 | 1.68% | 1.87% |
| 2013 | 1.82% | 1.81% |
| 2012 | 3.65% | 2.18% |
| 2011 | 1.91% | 2.05% |
| 2010 | 1.64% | 1.80% |
| 2009 | 0.59% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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