AELV vs IWD
Harbor AlphaEdge Large Cap Value ETF vs iShares Russell 1000 Value ETF
Which is better, AELV or IWD?
IWD has been ahead.
IWD has a lower expense ratio. IWD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 37.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AELV | IWD |
|---|---|---|
| Expense Ratio | 0.25% | 0.18%Best |
| AUM | $3M | $83.2B |
| Dividend Yield | 1.38% | 1.43% |
| Holdings | 150 | 869 |
| YTD Return | +11.24% | +21.07%Best |
| 1Y Return | +18.09% | +27.09%Best |
| 3Y Return (annualized) | - | +20.91% |
| 5Y Return (annualized) | - | +11.56% |
| Volatility (annualized) | 10.7%Best | 12.1% |
| Max Drawdown | -16.6% | -15.7%Best |
| $10,000 over 2.1 years | $13,487 | $14,321Best |
| Top 10 Weight | 37.0% | 29.7%Best |
| Fund Family | Harbor Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | May 22, 2000 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
AELV vs IWD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
AELV vs IWD Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year AELV returned +18.09% while IWD returned +27.09%. Year to date, AELV is up 11.24% versus a gain of 21.07% for IWD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 12.1% compared with 10.7% for AELV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for AELV and -15.7% for IWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AELV charges 0.25% per year while IWD charges 0.18%. On a $10,000 position that is $25 vs $18 annually, a gap of $7 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 1.43% for IWD.
Holdings Overlap
88.8% of AELV's money is in holdings IWD also owns. 38.0% of IWD's money is in holdings AELV also owns.
Most of AELV is already inside IWD. Owning both mostly buys the same companies twice.
63 positions in common, counted across the 75 positions we hold weights for in AELV and 871 in IWD, against full books of 150 and 869.
What only one of them owns
Our book lists 730 positions for IWD that do not appear in our book for AELV (60.4% of the fund), and 9 for AELV that do not appear in IWD (9.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AELV | Weight in IWD | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 6.01% | 1.04% |
| AMZNAmazon.Com Inc | 3.20% | 6.06% | 2.86% |
| MSFTMicrosoft Corp | 3.13% | 5.23% | 2.10% |
| JNJJohnson & Johnson - Common | 4.56% | 1.71% | 2.85% |
| BACBank of America Corp.: Financials | 3.63% | 0.89% | 2.74% |
| BMYBristol-Myers Squibb Co. | 3.21% | 0.34% | 2.87% |
| CCitigroup Inc. | 2.97% | 0.49% | 2.48% |
| BKBank Of New York Mellon Corp | 3.05% | 0.25% | 2.80% |
| ADBEAdobe Systems | 3.16% | 0.08% | 3.08% |
| GDGeneral Dynamics Corp. | 3.01% | 0.23% | 2.78% |
88.8% of AELV is already inside IWD.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AELV or IWD?
AELV has an expense ratio of 0.25% while IWD charges 0.18%. IWD is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, AELV or IWD?
Over the past year AELV returned +18.09% vs +27.09% for IWD, so IWD leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +15.31% vs +18.65% for IWD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or IWD?
IWD has been the more volatile fund at 12.1% annualized versus 10.7% for AELV. Worst drawdown: AELV -16.6% vs IWD -15.7%.
Should I hold both AELV and IWD?
AELV and IWD have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AELV and IWD?
88.8% of AELV's money is in holdings IWD also owns. 38.0% of IWD's is in holdings AELV also owns. They hold 63 positions in common, counted across the 75 positions we hold weights for in AELV and 871 in IWD.
Which pays a higher dividend, AELV or IWD?
AELV yields 1.38% while IWD yields 1.43%, so IWD currently pays the higher dividend yield.
Is IWD better than AELV?
IWD has a lower expense ratio. IWD led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWD is less concentrated, with 29.7% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.