IWD vs VLLU
iShares Russell 1000 Value ETF vs Harbor AlphaEdge Large Cap Value ETF
Which is better, IWD or VLLU?
Each has led over a different period.
IWD has a lower expense ratio. IWD led over the full window, VLLU over 1Y. 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 37.4%.
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 | IWD | VLLU |
|---|---|---|
| Expense Ratio | 0.18%Best | 0.25% |
| AUM | $83.2B | $5M |
| Dividend Yield | 1.43% | 1.35% |
| Holdings | 869 | 75 |
| Volatility (annualized) | 12.2% | 10.7%Best |
| Max Drawdown | -15.7%Best | -16.6% |
| $10,000 over 2 years | $14,576Best | $13,865 |
| Top 10 Weight | 29.7%Best | 37.4% |
| Fund Family | iShares by BlackRock (US) | Harbor Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | May 22, 2000 | Sep 3, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 47 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IWD has data through Oct 14, 2026 and VLLU through Aug 28, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Sep 5, 2024 to Aug 28, 2026 (2 years).
Risk: Volatility and Drawdowns
IWD has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 10.7% for VLLU. 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 -15.7% for IWD and -16.6% for VLLU. 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
IWD charges 0.18% per year while VLLU charges 0.25%. On a $10,000 position that is $18 vs $25 annually, a gap of $7 per year that compounds over a long holding period. On income, IWD currently yields 1.43% against 1.35% for VLLU.
Holdings Overlap
27.9% of IWD's money is in holdings VLLU also owns. 74.1% of VLLU's money is in holdings IWD also owns.
Most of VLLU is already inside IWD. Owning both mostly buys the same companies twice.
The two holdings books were reported 93 days apart, IWD as of Oct 1, 2026 and VLLU as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
58 positions in common, counted across the 871 positions we hold weights for in IWD and 74 in VLLU, against full books of 869 and 75.
What only one of them owns
Our book lists 12 positions for VLLU that do not appear in our book for IWD (24.3% of the fund), and 735 for IWD that do not appear in VLLU (70.6%).
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 IWD | Weight in VLLU | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.01% | 3.51% | 2.50% |
| JNJJohnson & Johnson - Common | 1.71% | 4.75% | 3.04% |
| BACBank of America Corp.: Financials | 0.89% | 3.30% | 2.41% |
| BKBank Of New York Mellon Corp | 0.25% | 3.39% | 3.14% |
| CCitigroup Inc. | 0.49% | 3.01% | 2.52% |
| SEICSei Investments Co. | 0.03% | 3.42% | 3.39% |
| GDGeneral Dynamics Corp. | 0.23% | 2.85% | 2.62% |
| MLIMueller Industries Inc | 0.04% | 3.03% | 2.99% |
| JPMJpmorgan Chase | 2.45% | 0.58% | 1.87% |
| MOAltria Group Inc | 0.31% | 2.63% | 2.32% |
74.1% of VLLU 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, IWD or VLLU?
IWD has an expense ratio of 0.18% while VLLU charges 0.25%. IWD is the cheaper option, by $7 a year on a $10,000 investment.
Which is riskier, IWD or VLLU?
IWD has been the more volatile fund at 12.2% annualized versus 10.7% for VLLU. Worst drawdown: IWD -15.7% vs VLLU -16.6%.
Should I hold both IWD and VLLU?
IWD and VLLU 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 IWD and VLLU?
74.1% of VLLU's money is in holdings IWD also owns. 74.1% of VLLU's is in holdings IWD also owns. They hold 58 positions in common, counted across the 871 positions we hold weights for in IWD and 74 in VLLU.
Which pays a higher dividend, IWD or VLLU?
IWD yields 1.43% while VLLU yields 1.35%, so IWD currently pays the higher dividend yield.
Is VLLU better than IWD?
IWD has a lower expense ratio. IWD led over the full window, VLLU over 1Y. 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 37.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.