What is the expense ratio of IWF vs SPYG?

IWF has an expense ratio of 0.18%, while SPYG has an expense ratio of 0.04%.

IWF vs SPYG

iShares Russell 1000 Growth ETF vs State Street SPDR Portfolio S&P 500 Growth ETF

Last updated: 2026-04-02

IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.39%. Launched in 2000, the fund has a 26-year track record.

AUM: $108.0B ER: 0.18% Yield: 0.39% Since: May 22, 2000

SPYG

State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is an exchange-traded fund that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a very low expense ratio of 0.04%. The fund offers a modest dividend yield of 0.57%. Launched in 2000, the fund has a 26-year track record.

AUM: $40.3B ER: 0.04% Yield: 0.57% Since: Sep 25, 2000

Quick Verdict

SPYG is significantly cheaper at 0.04% vs 0.18% expense ratio, saving you approximately $277 per $10,000 invested over 10 years. SPYG has edged ahead over the past year (22.5% vs 18.2%).

Key Metrics

Metric	IWF	SPYG
Expense Ratio	0.18%	0.04%
Dividend Yield	0.4%	0.6%
Fund Family	iShares	N/A
Category	US Large Cap Growth	US Large Cap Growth

Performance Chart

Indexed to 100 at start (5-year comparison)

IWF +71.3%

SPYG +69.9%

Performance Comparison

Period	IWF	SPYG	Difference
1 Month	-4.73%	-4.37%	-0.36%
3 Months	-8.83%	-7.07%	-1.76%
6 Months	-8.48%	-5.37%	-3.11%
YTD	-8.83%	-7.07%	-1.76%
1 Year	+18.20%	+22.54%	-4.34%
3 Years	+75.80%	+78.00%	-2.20%
5 Years	+71.26%	+69.92%	+1.34%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	IWF Fees	SPYG Fees	You Save
$10.000	10 years	$357	$80	$277
$10.000	20 years	$1.529	$344	$1.185
$10.000	30 years	$4.912	$1.112	$3.800
$50.000	10 years	$1.786	$399	$1.387
$50.000	30 years	$24.558	$5.560	$18.998
$100.000	30 years	$49.116	$11.121	$37.995

Risk Metrics

Based on 5 years of daily returns

Metric	IWF	SPYG
Annualized Volatility	21.4%	21.1%
Max Drawdown	-33.1%	-33.1%
Sharpe Ratio	0.40	0.40

Dividend Comparison

Metric	IWF	SPYG
Annual Dividend (per share)	$1.69	$0.56
Dividend Yield	0.39%	0.57%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

8 of top 9 holdings overlap (89% overlap in top holdings)

IWF Top Holdings

Name	Weight
NVIDIA CorporationNVDA	12.82%
Apple Inc.AAPL	11.79%
Microsoft CorporationMSFT	8.78%
Broadcom Inc.AVGO	4.81%
Amazon.com, Inc.AMZN	4.61%
Tesla, Inc.TSLA	3.57%
Meta Platforms, Inc.META	3.28%
Alphabet Inc.GOOG	2.83%
Eli Lilly and CompanyLLY	2.62%

SPYG Top Holdings

Name	Weight
NVIDIA CorporationNVDA	14.62%
Microsoft CorporationMSFT	9.48%
Apple Inc.AAPL	6.43%
Broadcom Inc.AVGO	5.06%
Alphabet Inc.GOOG	4.63%
Meta Platforms, Inc.META	4.32%
Amazon.com, Inc.AMZN	3.72%
Berkshire Hathaway Inc.BRK.B	3.03%
Eli Lilly and CompanyLLY	2.51%

Which One Should You Choose?

Choose SPYG if...

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

Choose SPYG if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Either works if...

you just need broad us large cap growth exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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