IWLvsTSPAETF Comparison
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iShares Russell Top 200 ETF (IWL) and T. Rowe Price U.S. Equity Research ETF (TSPA) belong to the same industry segment: US Large Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Consumer Non-Cyclicals. IWL is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.34% for TSPA. IWL is up 11.92% year-to-date (YTD) with -$63M in YTD flows. TSPA performs better with 13.06% YTD performance, and +$2.03B in YTD flows. Run a side-by-side ETF comparison of IWL and TSPA 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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IWL vs TSPA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWL TSPA | -0.79%-0.84% | +3.73%+3.56% | +11.92%+13.06% | +19.10%+19.29% | +82.14%+79.66% | +86.12%+83.40% |
| Flows | IWL TSPA | -$67M+$99M | -$48M+$884M | -$63M+$2.03B | +$54M+$2.15B | +$375M+$3.73B | +$291M+$3.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWL TSPA | +13.45%+12.87% | +13.43%+13.19% | +15.59%+15.32% | +17.50%+17.72% |
| Max drawdown | IWL TSPA | -4.11%-3.66% | -9.79%-9.19% | -19.22%-19.15% | -25.69%-24.81% |
| Max drawdown duration | IWL TSPA | 16d16d | 92d75d | 126d127d | 707d704d |
Trading data
IWL | TSPA | |
Last sale 9/10/2026 at 1:30 PM | $188.26 | $47.80 |
| Previous close 09/09/2026 | $189.37 | $48.10 |
| Consolidated volume 09/09/2026 | ||
| 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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TSPA
is actively managed and doesn’t replicate an indexIWL | TSPA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
IWL | TSPA | |
|---|---|---|
| Last price | $188.26 | $47.80 |
| 1D performance | -0.59% | -0.62% |
| AuM | $2.20 B | $4.52 B |
| E/R | 0.15% | 0.34% |
Characteristics
IWL | TSPA | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | T. Rowe Price |
| Benchmark | Russell Top 200 Index | - |
| N° of holdings | 201 | 332 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 22, 2009 | June 8, 2021 |
| ESG | No | No |
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Exposure
Countries
IWL
USA
97.92%
Other
2.08%
TSPA
USA
95.93%
Other
4.07%
Sectors
IWL
Technology
49.06%
Finance
12.85%
Consumer Non-Cycl.
9.39%
Healthcare
8.75%
Industrials
7.1%
Other
12.85%
TSPA
Technology
45.37%
Finance
13.87%
Consumer Non-Cycl.
9.38%
Healthcare
8.8%
Industrials
7.71%
Other
14.87%
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Diversification
IWL
Total weight of top 15 holdings out of 15
50.35%
TSPA
Total weight of top 15 holdings out of 15
45.1%
Top 15 holdings
Data as of July 31, 2026
IWL
Apple, Inc.
8.77%
NVIDIA Corp.
8.28%
Microsoft Corp.
6.10%
Amazon.com, Inc.
4.16%
Alphabet, Inc.
3.54%
Broadcom Inc.
3.28%
Alphabet, Inc.
2.89%
Meta Platforms, Inc.
2.16%
Micron Technology, Inc.
1.79%
Berkshire Hathaway, Inc.
1.73%
JPMorgan Chase & Co.
1.71%
Eli Lilly & Co.
1.68%
Tesla, Inc.
1.64%
Advanced Micro Devices, Inc.
1.44%
ExxonMobil Holdings Corp.
1.19%
TSPA
Apple, Inc.
7.69%
NVIDIA Corp.
7.68%
Microsoft Corp.
5.42%
Amazon.com, Inc.
4.21%
Alphabet, Inc.
3.43%
Broadcom Inc.
3.00%
Alphabet, Inc.
2.69%
Meta Platforms, Inc.
2.07%
Eli Lilly & Co.
1.46%
JPMorgan Chase & Co.
1.43%
Advanced Micro Devices, Inc.
1.33%
Tesla, Inc.
1.30%
Micron Technology, Inc.
1.26%
Mastercard, Inc.
1.19%
Johnson & Johnson
0.93%
Frequently asked questions about IWL and TSPA
How have the IWL and TSPA ETFs performed in 2026?
As of September 8, 2026, IWL is up 11.92% year-to-date (YTD), while TSPA has returned 13.06%. That puts TSPA better performer ahead so far this year.
Which ETF is attracting more investor money: IWL or TSPA?
Year-to-date, the IWL ETF saw -$63M in flows, compared to +$2.03B for TSPA.
Which ETF is more volatile: IWL or TSPA?
Over the past year, IWL had a volatility of 13.43%, while TSPA experienced 13.19%.
Which ETF is bigger: IWL or TSPA?
As of September 8, 2026, IWL holds $2.20 B in assets under management (AUM), while TSPA manages $4.52 B.
What sectors do the IWL and TSPA ETFs invest in?
IWL leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, TSPA focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the IWL ETF and TSPA ETF?
IWL top holdings include Apple, Inc., NVIDIA Corp. and Microsoft Corp.. TSPA holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: IWL or TSPA?
IWL holds 202 securities with 50.35% of its assets in the top 15. TSPA has 333 securities and a top 15 weight of 45.1%.
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