IWY — iShares Russell Top 200 Growth ETF

IWY Price Performance — Growth of $10,000

Value of a $10,000 investment in IWY 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.

IWY Drawdown

The "underwater" chart: IWY'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 Top 200 Growth ETF (IWY) is a US Large Cap Growth fund issued by iShares that currently holds $17.0 billion in assets under management. Trading at a price of $274.90, the fund carries an expense ratio of 0.2% and offers a dividend yield of 0.34%. In the broader landscape of 458 tracked ETFs, IWY holds an overall rank of #300 and has received an ETFValuer grade of C with a score of 56.9 out of 100. Within its specific category of US Large Cap Growth, which contains 13 ETFs tracked by ETFValuer, the fund's substantial asset base suggests significant investor adoption despite its mid-tier ranking. The combination of a moderate dividend yield and a relatively low expense ratio positions the fund as a cost-efficient vehicle for exposure to large-cap growth stocks. Its price point and asset size reflect a mature product that has attracted considerable capital over time. The fund's position among 13 peers in its category highlights the competitive environment within the US Large Cap Growth sector.

IWY has demonstrated a mixed performance trajectory across various time horizons, starting with a -0.78% decline over the last day and a -1.63% drop over the past week. The one-month return shows a further decline of -1.73%, while the three-month period reflects a slight recovery to -0.44%. Moving to longer durations, the fund posted a +1.42% gain over six months and a -0.15% return year-to-date. The one-year return stands at +8.93%, indicating a shift to positive territory over the annual period. This positive momentum extends significantly into the long term, with a three-year return of +69.97% highlighting strong cumulative growth over that span. The data reveals a divergence where short-term volatility has been negative, yet the long-term trend remains robustly positive.

The fund is assigned a Moderate volatility label and exhibits a beta of 1.17, suggesting it tends to move more aggressively than the broader market. A Sharpe ratio of 0.23 indicates that the risk-adjusted returns have been relatively modest relative to the volatility experienced. The maximum drawdown of -23.22% illustrates the extent of potential losses during adverse market conditions. This combination of a beta above 1.0 and a significant maximum drawdown implies that the fund can experience amplified swings in both up and down markets. The moderate volatility classification aligns with the beta figure, confirming that price movements are likely to be more pronounced than average. Investors should note that while the Sharpe ratio reflects the return per unit of risk, the high beta and drawdown figures point to a fund with elevated sensitivity to market fluctuations.

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

IWY Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 63.4% 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 IWY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With IWY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with IWY's top 10 — ESGV overlaps most, holding 9 of the same companies as IWY's top 10 (63.4% of IWY'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.

IWY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.42% and average daily volume is 399K/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 $17.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: IWY 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.

IWY Performance History

How IWY Compares to Other US Large Cap Growth ETFs