AEMG vs IWP
Harbor AlphaEdge Mid Cap Growth ETF vs iShares Russell Midcap Growth ETF
Which is better, AEMG or IWP?
IWP costs less.
IWP has a lower expense ratio. IWP is less concentrated, with 22.4% of the fund in its ten largest positions against 27.8%.
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 | AEMG | IWP |
|---|---|---|
| Expense Ratio | 0.38% | 0.23%Best |
| AUM | $2M | $19.7B |
| Dividend Yield | 0.00% | 0.38% |
| Holdings | 115 | 270 |
| YTD Return | -2.28% | -1.07%Best |
| 1Y Return | - | -3.97% |
| 3Y Return (annualized) | - | +14.50% |
| 5Y Return (annualized) | - | +3.72% |
| Top 10 Weight | 27.8% | 22.4%Best |
| Fund Family | Harbor Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Aug 26, 2026 | Jul 17, 2001 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
AEMG vs IWP 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
AEMG vs IWP Performance
Harbor AlphaEdge Mid Cap Growth ETF (AEMG) is an ETF from Harbor Funds and iShares Russell Midcap Growth ETF (IWP) is an ETF from iShares by BlackRock (US). Year to date, AEMG is down 2.28% versus a loss of 1.07% for IWP.
Past performance does not guarantee future results.
Fees and Cost Over Time
AEMG charges 0.38% per year while IWP charges 0.23%. On a $10,000 position that is $38 vs $23 annually, a gap of $15 per year that compounds over a long holding period. On income, AEMG currently yields 0.00% against 0.38% for IWP.
Holdings Overlap
70.8% of AEMG's money is in holdings IWP also owns. 48.2% of IWP's money is in holdings AEMG also owns.
Most of AEMG is already inside IWP. Owning both mostly buys the same companies twice.
74 positions in common, counted across the 126 positions we hold weights for in AEMG and 271 in IWP, against full books of 115 and 270.
What only one of them owns
Our book lists 183 positions for IWP that do not appear in our book for AEMG (50.8% of the fund), and 46 for AEMG that do not appear in IWP (25.6%).
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 AEMG | Weight in IWP | Difference |
|---|---|---|---|
| SNOWSnowflake Inc | 3.31% | 3.29% | 0.02% |
| FIXComfort Systems USA Inc. | 4.67% | 1.69% | 2.98% |
| MPCMarathon Petroleum Corp | 3.67% | 1.81% | 1.86% |
| DDOGDatadog Inc | 2.59% | 2.61% | 0.02% |
| TERTeradyne Inc - Common | 2.85% | 1.87% | 0.98% |
| ALABAstera Labs Inc - Common | 1.73% | 1.57% | 0.16% |
| NTRANatera Inc | 1.62% | 1.60% | 0.02% |
| EXPEExpedia Inc | 2.16% | 0.86% | 1.30% |
| DXCMDexcom Inc. | 1.97% | 0.93% | 1.04% |
| PSTGPure Storage Inc | 1.77% | 1.04% | 0.73% |
70.8% of AEMG is already inside IWP.
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, AEMG or IWP?
AEMG has an expense ratio of 0.38% while IWP charges 0.23%. IWP is the cheaper option, by $15 a year on a $10,000 investment.
What is the holdings overlap between AEMG and IWP?
70.8% of AEMG's money is in holdings IWP also owns. 48.2% of IWP's is in holdings AEMG also owns. They hold 74 positions in common, counted across the 126 positions we hold weights for in AEMG and 271 in IWP.
Which pays a higher dividend, AEMG or IWP?
AEMG yields 0.00% while IWP yields 0.38%, so IWP currently pays the higher dividend yield.
Is IWP better than AEMG?
IWP has a lower expense ratio. IWP is less concentrated, with 22.4% of the fund in its ten largest positions against 27.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.