IWD: iShares Russell 1000 Value ETF returns, drawdowns and risk
Funds that tilt towards cheaper companies relative to earnings or book value, such as financials, energy and health care.
Data updated October 2026
IWD · US exchange · USDCategory: US value ETFsData from October 2006
From October 2006 to October 2026 IWD returned 8.5% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $50,727.
Its deepest fall was 60.1%, from June 2007 to March 2009, and it took about 68 months to get back to the previous high. Annual volatility was 19.9%; at the last close it was 1.2% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 240 months both have data, the correlation of monthly returns was 0.95: they moved almost in lockstep. Beta was 0.98. In months when SPY rose, IWD moved 94% as much on average; in months when SPY fell, 104% as much.
Key figures
- Annual return (CAGR)
- +8.5%
- 1-year return
- +27.9%
- 5 years, a year
- +11.4%
- 10 years, a year
- +11.7%
- Annual volatility
- 19.9%
- Maximum drawdown
- −60.1%
- Sharpe ratio
- 0.43
- Worst year
- 2008: −36.5%
Trailing returns
| Period | IWD | SPY |
|---|---|---|
| 1 year | +27.9% | +16.6% |
| 3 years, a year | +21.8% | +23.1% |
| 5 years, a year | +11.4% | +12.7% |
| 10 years, a year | +11.7% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: IWD vs SPY
Month-end values from November 2006, the first month both funds have data.
IWD drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | IWD | SPY |
|---|---|---|
| 2026(partial) | +22.7% | +13.3% |
| 2025 | +15.7% | +17.7% |
| 2024 | +14.2% | +24.9% |
| 2023 | +11.3% | +26.2% |
| 2022 | −7.8% | −18.2% |
| 2021 | +24.9% | +28.7% |
| 2020 | +2.7% | +18.3% |
| 2019 | +26.1% | +31.2% |
| 2018 | −8.5% | −4.6% |
| 2017 | +13.5% | +21.7% |
| 2016 | +17.3% | +12.0% |
| 2015 | −4.0% | +1.2% |
| 2014 | +13.2% | +13.5% |
| 2013 | +32.1% | +32.3% |
| 2012 | +17.5% | +16.0% |
| 2011 | +0.1% | +1.9% |
| 2010 | +15.5% | +15.1% |
| 2009 | +19.1% | +26.4% |
| 2008 | −36.5% | −36.8% |
| 2007 | −0.7% | +5.1% |
| 2006(partial) | +5.5% | — |
IWD compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of IWD?
From October 2006 to October 2026 IWD returned 8.5% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +11.4% a year. Over the last 12 months: +27.9%.
What was the worst drawdown of IWD?
60.1%, from June 2007 to March 2009; it took about 68 months from the previous high to get back to it.
How volatile is IWD?
Annual volatility was 19.9% over the period. Its worst month was −17.4% and 63% of months were positive. Worst calendar year: 2008 (−36.5%).
How closely does IWD follow SPY?
Over 240 months the correlation of monthly returns was 0.95, so they moved almost in lockstep, with a beta of 0.98.
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Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.