What Is IWD? iShares Russell 1000 Value ETF
Last updated July 2026
Short answer
IWD is the iShares Russell 1000 Value ETF from BlackRock. It tracks the Russell 1000 Value Index, holding roughly 850 large and mid cap US stocks that screen as relatively cheap on value metrics, with heavy weights in financials, healthcare, energy, and industrials. It charges 0.18% and yields around 1.5%. It suits investors who want a low cost, diversified tilt toward value stocks. Its most obvious peer is IWF, the iShares Russell 1000 Growth ETF that holds the other side of the same parent index.
IWD is issued by BlackRock (iShares) and tracks Russell 1000 Value Index. It charges a 0.18% expense ratio, holds approximately ~$82 billion in assets under management, yields about ~1.5%, and launched in May 2000.
What is IWD?
IWD is the iShares Russell 1000 Value ETF, launched by BlackRock in May 2000. It tracks the Russell 1000 Value Index, which takes the value oriented half of the Russell 1000, the 1,000 largest US companies, and holds roughly 850 stocks that screen as relatively cheap on measures like price to book and forecast growth.
The fund charges 0.18% a year and manages around $82 billion, making it one of the largest and most liquid value ETFs on the market. It is designed as a simple, low cost way to tilt a portfolio toward value stocks without researching individual companies.
IWD holdings
Approximate weights as of mid-2026; refresh quarterly from BlackRock (iShares)'s fund page. Each ticker links to its individual stock guide in Walnut.
| Rank | Ticker | Company | % of IWD | |
|---|---|---|---|---|
| 1 | BRK.B | Berkshire Hathaway Class B | ~2.6% | |
| 2 | JPM | JPMorgan Chase & Co | ~2.5% | |
| 3 | GOOGL | Alphabet Class A | ~2.2% | |
| 4 | AMZN | Amazon.com | ~1.9% | |
| 5 | XOM | Exxon Mobil | ~1.7% | |
| 6 | JNJ | Johnson & Johnson | ~1.6% | |
| 7 | INTC | Intel | ~1.6% | |
| 8 | CSCO | Cisco Systems | ~1.4% | |
| 9 | WMT | Walmart | ~1.2% | |
| 10 | BAC | Bank of America | ~1.2% |
IWD is broadly diversified across about 850 names, with the top 10 accounting for roughly 20% of assets. Large positions typically include Berkshire Hathaway, JPMorgan Chase, Exxon Mobil, Johnson & Johnson, Intel, Cisco, Walmart, and Bank of America.
By sector the fund leans into financials, healthcare, industrials, and energy, the areas where value stocks tend to concentrate. It carries far less weight in high growth technology than the broad market, which shapes its more defensive, income oriented profile.
IWD vs IWF and VTV
IWD's most direct comparison is IWF, the iShares Russell 1000 Growth ETF. The two split the same parent index: IWD holds the cheaper value names while IWF holds the faster growing ones. Investors often pair them to dial their growth versus value balance up or down.
Against Vanguard's VTV, another large cap value fund, IWD is pricier at 0.18% versus 0.04%, and it follows a Russell rather than CRSP methodology. In practice the two track each other closely, so the decision often comes down to cost, brokerage preference, and which index you trust.
Performance and outlook
IWD's returns track the Russell 1000 Value Index minus its 0.18% fee. Value stocks have gone through long stretches of both leading and lagging the broad market, and IWD's more than two decade history spans several of those cycles.
Because the fund emphasizes cheaper, dividend paying companies, it often behaves more defensively than growth heavy funds during downturns, but it can trail badly when a handful of large growth names drive the market. Its yield of about 1.5% adds a steady income component to total return.
Is IWD a good fit
IWD may fit investors who want cheap, diversified exposure to US large cap value as a core holding or as a satellite that offsets a growth heavy portfolio. Its low fee, deep liquidity, and long track record are practical strengths, while the main risk is that value can underperform growth for years at a time.
Whether it belongs in your portfolio depends on your goals, time horizon, and risk tolerance. Walnut is not an investment adviser and this is not investment advice. Consider your own circumstances or speak with a licensed professional before investing.
How to buy IWD
IWD trades on major brokers including Robinhood, Fidelity, Charles Schwab, and Public, most offering commission free trades and fractional shares so you can begin with a small dollar amount rather than a full share.
You can also connect your brokerage account to Walnut to track IWD alongside your other holdings and thematic baskets, watch how it moves relative to your targets, and see it in the context of your whole portfolio. Trades are always placed and settled at your own broker.
The bottom line on IWD
IWD gives broad, cheap exposure to US large cap value at 0.18%, a hair pricier than Vanguard's VTV (0.04%) but backed by deep liquidity and a very large asset base. It works as a core holding for a value tilt or a satellite paired with a growth fund. Not a stock pick, a diversified index basket.
More on IWD
Whether IWD is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is IWD a buy?
IWD yields ~1.5% as of mid-2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see IWD dividend: yield and schedule.
Build a portfolio around IWD with Walnut
Use IWD as your core holding, then let Walnut's AI propose thematic satellites: AI infrastructure, dividend growth, clean energy, whatever you believe in. Connect your broker, build the basket in conversation, track it as one unit.
FAQ
What is IWD?
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IWD is the iShares Russell 1000 Value ETF, a fund from BlackRock that tracks the Russell 1000 Value Index. It holds roughly 850 large and mid cap US stocks that screen as relatively cheap on value measures, spread across financials, healthcare, energy, and industrials. It charges 0.18% a year.
Who issues IWD and what does it track?
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IWD is issued by BlackRock under its iShares brand. It tracks the Russell 1000 Value Index, which pulls the value oriented half of the Russell 1000, the largest 1,000 US companies. FTSE Russell reconstitutes the index each year to keep the value screen current.
What is the difference between IWD and IWF?
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IWD and IWF split the same parent Russell 1000 index. IWD holds the value side (cheaper, often dividend paying names in banks, energy, and healthcare), while IWF holds the growth side (faster growing tech and consumer names). Both come from iShares and are common building blocks for a style tilt.
What stocks are inside IWD?
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IWD holds around 850 stocks. Top positions typically include Berkshire Hathaway, JPMorgan Chase, Exxon Mobil, Johnson & Johnson, Intel, Cisco, and Walmart. The top 10 make up roughly 20% of the fund, so it is well diversified rather than concentrated in a handful of names.
What is the expense ratio of IWD?
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IWD charges an expense ratio of 0.18% per year, or about $18 on a $10,000 position. That is competitive for a large cap value index fund, though Vanguard's VTV is cheaper at 0.04%. The tradeoff is IWD's deep liquidity and very large asset base.
Does IWD pay dividends?
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Yes. IWD holds many dividend paying value stocks and distributes income to shareholders, historically on a quarterly schedule. The trailing yield sits around 1.5%, which tends to run a bit higher than growth focused funds because value stocks more often pay dividends.
How do I buy IWD?
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IWD trades like any stock on brokers such as Robinhood, Fidelity, Charles Schwab, and Public, most with commission free trades and fractional shares so you can start with a small dollar amount. You can also connect your broker to Walnut to track IWD alongside your other holdings and baskets.
How large is IWD?
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IWD is one of the largest value ETFs, with roughly $82 billion in assets under management as of mid-2026. That size brings tight bid ask spreads and heavy daily trading volume, which helps keep trading costs low for both small and large investors.
Is IWD a good investment?
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Whether IWD fits you depends on your goals, time horizon, and risk tolerance. It offers cheap, diversified exposure to US large cap value stocks, but value can lag growth for long stretches. Walnut is not an investment adviser, and this is not investment advice. Consider your own situation or consult a licensed professional.
When was IWD created?
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IWD launched in May 2000, making it one of the longer running style ETFs available. Its long track record spans multiple market cycles, including the dot com bust, the 2008 crisis, and the 2020 selloff and recovery.
How is IWD different from VTV?
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Both IWD and VTV target US large cap value, but IWD follows the Russell 1000 Value Index while VTV follows a CRSP value index with a slightly different methodology and stock count. VTV is cheaper at 0.04% versus IWD's 0.18%, though the two tend to move very closely over time.
What sectors does IWD emphasize?
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IWD leans toward financials, healthcare, industrials, and energy, the sectors where value stocks cluster. It carries much less weight in high growth technology than the broad market or a growth fund, which is what gives it a defensive, income oriented character.
Is IWD good for a growth versus value tilt?
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Many investors pair IWD with a growth fund like IWF to control their style balance, overweighting value when they expect cheaper stocks to lead. On its own, IWD tilts a portfolio toward value without you having to pick individual undervalued companies.
Does IWD hold mid cap stocks too?
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Yes. The Russell 1000 covers the largest 1,000 US companies, which includes both large and mid cap names. So IWD reaches a bit further down the size scale than a pure large cap fund, adding some mid cap value exposure alongside the big names.
How do I compare IWD to similar ETFs?
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Put a few fields side by side: the expense ratio (fees compound over decades), the index or strategy it tracks, the top holdings and how much they overlap with what you already own, the dividend yield, and the AUM, liquidity, and bid-ask spread that affect trading costs. For index funds, tracking error (how closely it follows its index) and tax efficiency matter too. IWD's figures are above; the full method is in Walnut's guide on how to compare ETFs.
Related ETFs
Walnut is informational, not investment advice. Holdings weights and fund statistics on this page are approximations stamped to mid-2026; verify current figures against BlackRock (iShares)'s fund page or your broker before investing.