FDMvsIWNETF Comparison
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First Trust Dow Jones Select MicroCap Index Fund ETF (FDM) belongs to the US Small Cap segment. iShares Russell 2000 Value ETF (IWN) is part of the US Small Cap Value segment. FDM's top 3 sector exposures are Finance, Consumer Cyclicals and Industrials. In contrast, IWN's top sector exposures are Finance, Healthcare and Industrials. FDM is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.24% for IWN. FDM is up 16.14% year-to-date (YTD) with +$13M in YTD flows. IWN performs better with 22.79% YTD performance, and -$585M in YTD flows. Run a side-by-side ETF comparison of FDM and IWN below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FDM vs IWN performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FDM IWN | -1.29%-0.12% | +4.47%+6.61% | +16.14%+22.79% | +30.57%+40.19% | +59.64%+54.54% | +67.29%+53.38% |
| Flows | FDM IWN | --$233M | +$4M-$17M | +$13M-$585M | +$18M-$526M | +$9M-$2.45B | +$13M-$5.05B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FDM IWN | +14.90%+15.29% | +18.12%+17.61% | +20.56%+20.53% | +21.30%+21.48% |
| Max drawdown | FDM IWN | -5.03%-3.99% | -8.71%-8.56% | -23.13%-26.60% | -23.71%-26.60% |
| Max drawdown duration | FDM IWN | 38d16d | 59d60d | 208d296d | 974d296d |
Trading data
FDM | IWN | |
Last sale 8/3/2026 at 4:04 PM | $92.86 | $224.46 |
| Previous close 07/31/2026 | $91.44 | $221.24 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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FDM | IWN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/3/2026 at 4:04 PM
Live
Closed
FDM | IWN | |
|---|---|---|
| Last price | $92.86 | $224.46 |
| 1D performance | +1.55% | +1.46% |
| AuM | $261.91 M | $14.29 B |
| E/R | 0.65% | 0.24% |
Characteristics
FDM | IWN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | Dow Jones Select MicroCap Index | Russell 2000 Value Index |
| N° of holdings | 146 | 1392 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2005 | July 24, 2000 |
| ESG | No | No |
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Exposure
Countries
FDM
USA
97.54%
Other
2.46%
IWN
USA
94.22%
Other
5.78%
Sectors
FDM
Finance
45.72%
Consumer Cyclical.
8.22%
Industrials
7.03%
Other
39.03%
IWN
Finance
39.7%
Healthcare
11.07%
Industrials
7.78%
Consumer Cyclical.
7.66%
Other
33.8%
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Diversification
FDM
Total weight of top 15 holdings out of 15
21.97%
IWN
Total weight of top 15 holdings out of 15
7.67%
Top 15 holdings
Data as of June 30, 2026
FDM
Stoke Therapeutics, Inc.
2.27%
NWPX Infrastructure, Inc.
1.72%
TETRA Technologies, Inc.
1.72%
Dauch Corp.
1.55%
Douglas Dynamics, Inc.
1.50%
United Fire Group, Inc.
1.46%
Deluxe Corp.
1.40%
USA TODAY Co., Inc.
1.39%
Universal Insurance Holdings, Inc.
1.32%
Horizon Bancorp, Inc. (Indiana)
1.30%
Oil-Dri Corp. of America
1.29%
Business First Bancshares, Inc.
1.27%
American Public Education, Inc.
1.27%
Central Pacific Financial Corp.
1.26%
CNB Financial Corp. (Pennsylvania)
1.25%
IWN
ViaSat, Inc.
0.74%
Cytokinetics, Inc.
0.65%
UMB Financial Corp.
0.62%
CareTrust REIT, Inc.
0.59%
Terex Corp.
0.54%
Old National Bancorp
0.52%
JBT Marel Corp.
0.50%
Lumen Technologies, Inc. (Louisiana)
0.48%
Macerich Co.
0.47%
Terreno Realty Corp.
0.45%
Taylor Morrison Home Corp.
0.44%
Vishay Intertechnology, Inc.
0.43%
Essential Properties Realty Trust, Inc.
0.43%
Southwest Gas Holdings, Inc.
0.42%
Garrett Motion, Inc.
0.41%
Frequently asked questions about FDM and IWN
How have the FDM and IWN ETFs performed in 2026?
As of July 30, 2026, FDM is up 16.14% year-to-date (YTD), while IWN has returned 22.79%. That puts IWN better performer ahead so far this year.
Which ETF is attracting more investor money: FDM or IWN?
Year-to-date, the FDM ETF saw +$13M in flows, compared to -$585M for IWN.
Which ETF is more volatile: FDM or IWN?
Over the past year, FDM had a volatility of 18.12%, while IWN experienced 17.61%.
Which ETF is bigger: FDM or IWN?
As of July 30, 2026, FDM holds $261.91 M in assets under management (AUM), while IWN manages $14.29 B.
What sectors do the FDM and IWN ETFs invest in?
FDM leans toward sectors like Finance, Consumer Cyclicals and Industrials. Meanwhile, IWN focuses on Finance, Healthcare and Industrials.
What are the top holdings of the FDM ETF and IWN ETF?
FDM top holdings include Stoke Therapeutics, Inc., NWPX Infrastructure, Inc. and TETRA Technologies, Inc.. IWN holds in its top three: ViaSat, Inc., Cytokinetics, Inc. and UMB Financial Corp..
Which ETF is more diversified: FDM or IWN?
FDM holds 146 securities with 21.97% of its assets in the top 15. IWN has 1407 securities and a top 15 weight of 7.67%.
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