ETF Versus

DVY vs IWD

iShares Select Dividend ETF vs iShares Russell 1000 Value ETF

Last updated: 2026-04-02

DVY iShares

iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.

AUM: $22.0B ER: 0.38% Yield: 3.47% Since: Nov 3, 2003
IWD iShares

iShares Russell 1000 Value ETF (IWD) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. value stocks trading at below-market valuations. It charges a moderate expense ratio of 0.18%. The fund offers a moderate dividend yield of 1.67%. Launched in 2000, the fund has a 26-year track record.

AUM: $68.2B ER: 0.18% Yield: 1.67% Since: May 22, 2000

Quick Verdict

IWD is significantly cheaper at 0.18% vs 0.38% expense ratio, saving you approximately $391 per $10,000 invested over 10 years. IWD has edged ahead over the past year (14.4% vs 12.6%). Income investors may prefer DVY for its higher yield (3.5% vs 1.7%).

Key Metrics

Metric DVY IWD
Expense Ratio 0.38% 0.18%
Dividend Yield 3.5% 1.7%
Fund Family iShares iShares
Category US Dividend US Large Cap Value

Performance Chart

Indexed to 100 at start (5-year comparison)

85 98 111 124 137 150 2021-04 2022-06 2023-09 2024-12 2026-04
DVY +30.7%
IWD +39.4%

Performance Comparison

Period DVY IWD Difference
1 Month -3.15% -4.53% +1.38%
3 Months +5.89% +1.29% +4.60%
6 Months +5.53% +4.87% +0.66%
YTD +5.89% +1.29% +4.60%
1 Year +12.56% +14.39% -1.83%
3 Years +28.73% +40.40% -11.67%
5 Years +30.67% +39.38% -8.71%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period DVY Fees IWD Fees You Save
$10.000 10 years $748 $357 $391
$10.000 20 years $3.173 $1.529 $1.643
$10.000 30 years $10.097 $4.912 $5.186
$50.000 10 years $3.739 $1.786 $1.953
$50.000 30 years $50.486 $24.558 $25.928
$100.000 30 years $100.972 $49.116 $51.856

Risk Metrics

Based on 5 years of daily returns

Metric DVY IWD
Annualized Volatility 15.5% 14.9%
Max Drawdown -22.1% -20.3%
Sharpe Ratio 0.13 0.22

Dividend Comparison

Metric DVY IWD
Annual Dividend (per share) $5.24 $3.58
Dividend Yield 3.47% 1.67%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

DVY Top Holdings

NameWeight
Pfizer Inc.PFE2.33%
Altria Group, Inc.MO2.17%
Verizon Communications Inc.VZ2.01%
ONEOK, Inc.OKE1.93%
Prudential Financial, Inc.PRU1.81%
T. Rowe Price Group, Inc.TROW1.75%
LyondellBasell Industries N.V.LYB1.70%
General Mills, Inc.GIS1.62%
Edison InternationalEIX1.60%
Kimberly-Clark CorporationKMB1.57%

IWD Top Holdings

NameWeight
Berkshire Hathaway Inc.BRK.B2.89%
JPMorgan Chase & Co.JPM2.57%
Exxon Mobil CorporationXOM2.42%
Johnson & JohnsonJNJ1.94%
Amazon.com, Inc.AMZN1.76%
Walmart Inc.WMT1.61%
Alphabet Inc.GOOG1.54%
Micron Technology, Inc.MU1.34%
Chevron CorporationCVX1.32%

Which One Should You Choose?

Choose IWD if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose DVY if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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