VTV vs IWD: returns, risk and drawdowns compared
Vanguard Value ETF against iShares Russell 1000 Value ETF, over the same 6 years (July 2020 to October 2026) with dividends reinvested.
Data updated October 2026
From July 2020 to October 2026, VTV returned 16.2% a year and IWD 15.9% a year on average, so VTV came out ahead by 0.3% a year. IWD was the more volatile of the two (14.9% against 14.0% a year), and the deepest falls from a month-end high were 15.3% for VTV and 17.8% for IWD.
The correlation of monthly returns was 0.98: they moved almost in lockstep. Over 41 rolling 3-year periods, VTV did better in 78% and IWD in 22%.
Side by side
| VTV | IWD | |
|---|---|---|
| Annual return (CAGR) | +16.2% | +15.9% |
| Total return | +159% | +155% |
| Annual volatility | 14.0% | 14.9% |
| Maximum drawdown (month-end) | −15.3% | −17.8% |
| Worst month | −7.9% | −8.8% |
| Best month | +12.8% | +13.4% |
| Positive months | 64% | 64% |
| Best year | 2021: +26.5% | 2021: +24.9% |
| Worst year | 2022: −2.1% | 2022: −7.8% |
| 1-year return | +22.1% | +27.9% |
| 5 years, a year | +12.0% | +11.4% |
| 10 years, a year | — | +11.7% |
| Trading currency | USD | USD |
First nine rows: the same 76 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: VTV vs IWD
Returns by calendar year
| Year | VTV | IWD |
|---|---|---|
| 2025 | +15.3% | +15.7% |
| 2024 | +16.0% | +14.2% |
| 2023 | +9.3% | +11.3% |
| 2022 | −2.1% | −7.8% |
| 2021 | +26.5% | +24.9% |
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.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, VTV or IWD?
From July 2020 to October 2026, VTV returned +16.2% a year and IWD +15.9% a year, with dividends reinvested. Over rolling 3-year periods VTV did better in 78% of cases. Past returns do not predict future returns.
Which is riskier, VTV or IWD?
Over the same months annual volatility was 14.0% for VTV and 14.9% for IWD; the deepest fall from a month-end high was 15.3% and 17.8%, and the worst single month −7.9% and −8.8%.
How correlated are VTV and IWD?
The correlation of their monthly returns was 0.98: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
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.