IWP — iShares Russell Mid-Cap Growth ETF

IWP Price Performance — Growth of $10,000

Value of a $10,000 investment in IWP 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.

IWP Drawdown

The "underwater" chart: IWP'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 Mid-Cap Growth ETF (IWP) is a US Mid Cap fund issued by iShares with $21.6 billion in assets under management. Trading at $136.15, the fund holds an overall rank of #406 out of 458 tracked ETFs across all categories and carries an ETFValuer grade of D with a score of 43.7 out of 100. Investors face an expense ratio of 0.23% while receiving a dividend yield of 0.23%. The substantial asset size suggests significant investor adoption despite the fund's lower ranking within the broader universe. This category contains 14 ETFs tracked by ETFValuer, placing IWP in a competitive but crowded segment. The combination of a moderate dividend yield and a relatively low expense ratio defines the fund's cost and income profile for holders. Its position as the 406th ranked fund indicates it trails many peers in the overall assessment metrics used by the platform.

Recent performance data shows a decline over the last day at -0.97% and a steeper drop of -2.50% over the past week. The one-month return stands at -3.86%, while the six-month figure is -2.34%, indicating continued short-term weakness. Year-to-date returns are negative at -1.34%, and the one-year return is -3.99%. In contrast, the three-month return is positive at +0.28%, suggesting a brief period of stabilization or recovery within that specific window. The three-year return shows a significant divergence from recent results, posting a gain of +41.77%. This pattern highlights a sharp divergence between the strong long-term trajectory and the negative performance observed across most shorter timeframes.

The fund carries a Moderate volatility label and a beta of 1.15, indicating it tends to move more than the broader market. A Sharpe ratio of -0.52 suggests that the risk-adjusted returns have been negative over the measured period. The maximum drawdown of -25.20% reflects the largest peak-to-trough decline experienced by the fund. This combination of a beta above 1.0 and a negative Sharpe ratio implies that the fund has delivered lower returns relative to the higher volatility it introduces. The substantial maximum drawdown further illustrates the potential for significant capital erosion during market downturns. Together, these metrics describe a fund that has exhibited high sensitivity to market movements without generating sufficient compensation for the associated risk.

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

IWP Top Holdings

Holdings as of 2025-09-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 25.3% 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 IWP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IWP

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IWP's top 10 — IWR overlaps most, holding 6 of the same companies as IWP's top 10 (17.8% of IWP'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.

IWP Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 828K/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 $21.6B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IWP 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.

IWP Performance History

How IWP Compares to Other US Mid Cap ETFs