IWP — iShares Russell Mid-Cap Growth ETF
US Mid Cap Ranked #406 of 458 tracked ETFs · Issued by iShares
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.
What If You'd Invested in IWP?
See what a lump sum in IWP would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares Russell Mid-Cap Growth ETF is a US Mid Cap fund issued by iShares with $19.8 billion in assets under management. It holds a D grade and ranks 14th out of 14 peers in its category, placing it at the bottom of the group. The fund’s 0.23% expense ratio exceeds the category median of 0.15%, while its 0.23% dividend yield trails the median of 0.97%. With a grade unchanged over the last 35 tracked days, the fund’s cost and income profile remain below average for its sector. The top 10 holdings account for 21.9% of assets, with the largest position being BlackRock Funds III at 3.7%.
The fund’s price sits at 66.1% of its 52-week range, reflecting a recent 1D decline of 0.09% and a 1W drop of 0.87%. Short-term momentum is weak, with one-month returns at -0.69%, contrasting with a positive 3M gain of +0.45%. Over longer horizons, the fund has gained +4.69% over six months and +1.23% year-to-date, though it remains down -1.82% over the past year. This one-year performance significantly lags the category median of +16.92%. The rating has remained stable at grade D across the available 3.0 years of price history.
With a beta of 1.17, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility of 18.00% is labeled as Moderate, while the maximum drawdown reached -25.20%. A Sharpe ratio of -0.38 indicates that risk-adjusted returns have been negative relative to the risk-free rate. Liquidity is supported by an average daily volume of 841,365 shares, though the bid/ask spread of 0.71% suggests moderate trading costs. These metrics collectively describe a fund that has experienced significant downside pressure and below-average efficiency.
AI-generated summary based on the data on this page.
IWP Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | BlackRock Funds III | 3.70% | $798M |
| 2 | Datadog, Inc. | 2.34% | $505M |
| 3 | Snowflake, Inc. | 2.33% | $503M |
| 4 | Cloudflare, Inc. | 2.12% | $457M |
| 5 | Teradyne, Inc. | 2.07% | $447M |
| 6 | Astera Labs, Inc. | 2.02% | $436M |
| 7 | Simon Property Group, Inc. | 1.96% | $422M |
| 8 | Comfort Systems USA, Inc. | 1.89% | $408M |
| 9 | Robinhood Markets, Inc. | 1.75% | $377M |
| 10 | Lumentum Holdings, Inc. | 1.67% | $360M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.9% 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 8 of the same companies as IWP's top 10 (18.3% of IWP's assets).
| ETF | Name | Shared Companies | IWP Weight | Examples |
|---|---|---|---|---|
| IWR | iShares Russell Mid-Cap ETF | 8 | 18.3% | BlackRock Funds III, Datadog, Inc., Snowflake, Inc.… |
| VOT | Vanguard Morningstar Mid-Cap Growth ETF | 3 | 6.2% | Datadog, Inc., Cloudflare, Inc., Robinhood Markets, Inc. |
| VO | Vanguard Morningstar Mid-Cap ETF | 2 | 4.1% | Datadog, Inc., Robinhood Markets, Inc. |
| IWM | iShares Russell 2000 ETF | 1 | 3.7% | BlackRock Funds III |
| IBB | iShares Biotechnology ETF | 1 | 3.7% | BlackRock Funds III |
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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What IWP's Fees Cost You
IWP charges an expense ratio of 0.23% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
IWP Dividend Income Estimator
IWP currently yields 0.23%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
IWP Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.71% and average daily volume is 841K/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 $19.8B 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
| Period | Return |
|---|---|
| 1-Day | -0.09% |
| 1-Week | -0.87% |
| 1-Month | -0.69% |
| 3-Month | +0.45% |
| 6-Month | +4.69% |
| YTD | +1.23% |
| 1-Year | -1.82% |
| 3-Year | +49.07% |
How IWP Compares to Other US Mid Cap ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #31 | B+ |
VOE | Vanguard Morningstar Mid-Cap Value ETF | +23.25% | 0.05% | $38.9B |
| #93 | B |
IWS | iShares Russell Mid-Cap Value ETF | +24.55% | 0.23% | $15.7B |
| #155 | B |
VO | Vanguard Morningstar Mid-Cap ETF | +15.25% | 0.03% | $225B |
| #179 | B |
SCHM | Schwab U.S. Mid-Cap ETF | +22.47% | 0.03% | $14.9B |
| #191 | B |
IWR | iShares Russell Mid-Cap ETF | +17.82% | 0.18% | $56.8B |
| #211 | C |
IJH | iShares Core S&P Mid-Cap ETF | +16.90% | 0.05% | $125B |
| #230 | C |
SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | +16.95% | 0.03% | $18.6B |
| #266 | C |
MDY | State Street SPDR S&P MIDCAP 400 ETF Trust | +16.54% | 0.23% | $26.3B |
| #281 | C |
IJK | iShares S&P Mid-Cap 400 Growth ETF | +18.70% | 0.16% | $10.7B |
| #295 | C |
IJJ | iShares S&P Mid-Cap 400 Value ETF | +14.66% | 0.18% | $8.78B |
| #310 | C |
MDYG | State Street SPDR S&P 400 Mid Cap Growth ETF | +18.89% | 0.15% | $2.85B |
| #318 | C |
MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | +14.84% | 0.15% | $2.81B |
| #332 | C |
VOT | Vanguard Morningstar Mid-Cap Growth ETF | +4.51% | 0.05% | $34.0B |
| #406 | D |
IWP | iShares Russell Mid-Cap Growth ETF | -1.82% | 0.23% | $19.8B |