IWN — iShares Russell 2000 Value ETF

IWN Price Performance — Growth of $10,000

Value of a $10,000 investment in IWN over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

IWN Drawdown

The "underwater" chart: IWN's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Russell 2000 Value ETF (IWN) is a US Small Cap fund managed by iShares with $14.5 billion in assets under management. Trading at a price of $224.11, the fund holds an overall rank of #64 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 73.4/100. Investors can access the fund with an expense ratio of 0.24% while receiving a dividend yield of 0.92%. The substantial asset size and mid-tier ranking suggest significant investor adoption within the 18 ETFs tracked in this specific category. The combination of a moderate expense ratio and a yield near 1% positions the fund as a cost-effective vehicle for small-cap value exposure. Its price point and AUM reflect a mature product that has attracted considerable capital relative to its peers. The B grade indicates a solid but not exceptional standing among the broader universe of tracked funds.

Over the last day, the fund posted a return of +0.88%, followed by a +0.54% gain over one week. Monthly performance accelerated to +1.21% over the last month and further increased to +8.24% over three months. The upward trend continued with a +15.71% return over six months and a +23.33% year-to-date gain. Annual returns have been particularly strong at +37.60%, while the three-year return stands at +58.87%. This progression from single-digit short-term gains to high double-digit long-term returns demonstrates a consistent acceleration in performance over extended horizons. The data shows a clear divergence where longer holding periods have yielded significantly higher returns compared to the immediate past.

The fund carries a Moderate volatility label and a beta of 1.08, indicating that its price movements tend to be slightly more sensitive than the broader market. A Sharpe ratio of 1.87 suggests that the fund has generated substantial excess return relative to the risk taken during the measured period. However, the maximum drawdown of -26.71% highlights the potential for significant temporary losses during market downturns. This combination implies that while the fund has delivered strong risk-adjusted returns historically, it remains exposed to sharp declines characteristic of small-cap value strategies. The beta above 1.00 confirms that the fund amplifies market movements, contributing to both the high returns and the deep drawdowns observed. Investors should expect a profile where high volatility is a trade-off for the elevated returns seen in the three-year and annual data.

AI-generated summary based on the data on this page.

IWN Top Holdings

Holdings as of 2025-09-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how IWN's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IWN

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IWN's top 10 — HYG overlaps most, holding 2 of the same companies as IWN's top 10 (9.4% of IWN's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

IWN Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 673K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $14.5B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IWN is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

IWN Performance History

How IWN Compares to Other US Small Cap ETFs