FRTYvsIWPETF Comparison
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Alger Mid Cap 40 ETF (FRTY) belongs to the US Mid Cap segment. iShares Russell Mid-Cap Growth ETF (IWP) is part of the US Mid Cap Growth segment. FRTY's top 3 sector exposures are Technology, Healthcare and Industrials. In contrast, IWP's top sector exposures are Technology, Industrials and Healthcare. FRTY is more expensive with a Total Expense Ratio (TER) of 0.98%, versus 0.23% for IWP. FRTY is up 5.48% year-to-date (YTD) with +$6M in YTD flows. IWP performs worse with 0.61% YTD performance, and -$1.27B in YTD flows. Run a side-by-side ETF comparison of FRTY and IWP 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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FRTY vs IWP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FRTY IWP | -2.13%-1.70% | -6.72%-4.03% | +5.48%+0.61% | +9.92%-2.79% | +71.59%+45.01% | +0.45%+18.32% |
| Flows | FRTY IWP | +$2M-$477M | +$9M-$461M | +$6M-$1.27B | +$27M-$320M | +$86M+$854M | +$98M+$518M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FRTY IWP | +31.07%+19.85% | +27.67%+18.07% | +25.52%+19.85% | +26.22%+22.65% |
| Max drawdown | FRTY IWP | -14.38%-8.32% | -19.41%-14.82% | -31.82%-25.34% | -52.85%-38.70% |
| Max drawdown duration | FRTY IWP | 64d43d | 230d245d | 262d134d | 1666d1059d |
Trading data
FRTY | IWP | |
Last sale 9/2/2026 at 7:43 PM | $22.18 | $139.92 |
| Previous close 09/02/2026 | $22.26 | $137.50 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FRTY
is actively managed and doesn’t replicate an indexFRTY | IWP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 7:43 PM
Live
Closed
FRTY | IWP | |
|---|---|---|
| Last price | $22.18 | $139.92 |
| 1D performance | -0.39% | +1.76% |
| AuM | $144.67 M | $19.33 B |
| E/R | 0.98% | 0.23% |
Characteristics
FRTY | IWP | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Fred Alger Management | iShares |
| Benchmark | - | Russell Midcap Growth Index |
| N° of holdings | 39 | 265 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 1, 2021 | July 17, 2001 |
| ESG | No | No |
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Exposure
Countries
FRTY
USA
79.73%
Other
20.27%
IWP
USA
96.99%
Other
3.01%
Sectors
FRTY
Technology
27.47%
Healthcare
25.55%
Industrials
19.19%
Other
27.8%
IWP
Technology
32.07%
Industrials
17.59%
Healthcare
13.47%
Consumer Services
10.45%
Finance
8.54%
Other
17.87%
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Diversification
FRTY
Total weight of top 15 holdings out of 15
50.97%
IWP
Total weight of top 15 holdings out of 15
27.24%
Top 15 holdings
Data as of July 31, 2026
FRTY
Twist Bioscience Corp.
4.76%
Liberty Media Corp.
4.69%
Cloudflare, Inc.
4.08%
HEICO Corp.
3.59%
Repligen Corp.
3.59%
Axon Enterprise, Inc.
3.45%
Comfort Systems USA, Inc.
3.33%
Monolithic Power Systems, Inc.
3.20%
Arrowhead Pharmaceuticals, Inc.
3.13%
Guardant Health, Inc.
3.11%
nLIGHT, Inc.
3.05%
Snowflake, Inc.
2.93%
Nebius Group NV
2.79%
RBC Bearings, Inc.
2.71%
Synopsys, Inc.
2.57%
IWP
Snowflake, Inc.
2.91%
Cloudflare, Inc.
2.61%
Datadog, Inc.
2.57%
Simon Property Group, Inc.
2.15%
Comfort Systems USA, Inc.
1.73%
Cencora, Inc.
1.70%
Teradyne, Inc.
1.67%
Targa Resources Corp.
1.66%
Robinhood Markets, Inc.
1.61%
W.W. Grainger, Inc.
1.48%
Vistra Corp.
1.46%
Autodesk, Inc.
1.45%
Lumentum Holdings, Inc.
1.44%
Chipotle Mexican Grill, Inc.
1.43%
Marathon Petroleum Corp.
1.38%
Frequently asked questions about FRTY and IWP
How have the FRTY and IWP ETFs performed in 2026?
As of September 2, 2026, FRTY is up 5.48% year-to-date (YTD), while IWP has returned 0.61%. That puts FRTY better performer ahead so far this year.
Which ETF is attracting more investor money: FRTY or IWP?
Year-to-date, the FRTY ETF saw +$6M in flows, compared to -$1.27B for IWP.
Which ETF is more volatile: FRTY or IWP?
Over the past year, FRTY had a volatility of 27.67%, while IWP experienced 18.07%.
Which ETF is bigger: FRTY or IWP?
As of September 2, 2026, FRTY holds $144.67 M in assets under management (AUM), while IWP manages $19.33 B.
What sectors do the FRTY and IWP ETFs invest in?
FRTY leans toward sectors like Technology, Healthcare and Industrials. Meanwhile, IWP focuses on Technology, Industrials and Healthcare.
What are the top holdings of the FRTY ETF and IWP ETF?
FRTY top holdings include Twist Bioscience Corp., Liberty Media Corp. and Cloudflare, Inc.. IWP holds in its top three: Snowflake, Inc., Cloudflare, Inc. and Datadog, Inc..
Which ETF is more diversified: FRTY or IWP?
FRTY holds 39 securities with 50.97% of its assets in the top 15. IWP has 267 securities and a top 15 weight of 27.24%.
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