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 fund managed by iShares that falls within the US Mid Cap category, which currently contains 14 ETFs tracked by ETFValuer. With assets under management totaling $21.6 billion and a share price of $136.73, the fund represents a significant presence among its peers. Despite its substantial size, the ETF holds an overall rank of #398 out of 458 tracked funds across all categories, resulting in an ETFValuer grade of D with a score of 44.6 out of 100. The fund charges an expense ratio of 0.23% and offers a dividend yield of 0.23%. The combination of a high asset base and a low grade suggests a divergence between investor adoption driven by scale and the fund's current performance metrics. This profile places the ETF in a position where its market presence does not align with its relative standing in the broader universe of tracked funds.

Recent performance data shows a mixed trajectory across various time horizons, starting with a 1-day return of -1.21% and a 1-week decline of -0.63%. The fund experienced a further drop over the last month with a return of -3.23%, while the year-to-date figure sits at -0.92%. In contrast, the 3-month period shows a positive return of +0.93%, indicating a brief recovery from the shorter-term declines. The 6-month return is recorded at -2.53%, and the 1-year return stands at -2.93%, reflecting continued pressure over the medium term. However, the 3-year return demonstrates a significant positive trend with a gain of +39.19%, suggesting that long-term performance has diverged sharply from recent short-term results.

The fund carries a moderate volatility label and exhibits a beta of 1.15, indicating that its price movements tend to be slightly more pronounced than the broader market. This sensitivity is reflected in a maximum drawdown of -25.20%, which highlights the potential for substantial declines during market downturns. The Sharpe ratio of -0.46 suggests that the risk-adjusted returns have been negative over the measured period, implying that the volatility has not been adequately compensated by returns. Together, these metrics describe a fund that experiences amplified swings in both directions, with a history of deep drawdowns that have not yet been offset by positive risk-adjusted performance in the recent past.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 1.50% and average daily volume is 840K/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