IWNvsFDMETF Comparison
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iShares Russell 2000 Value ETF (IWN) belongs to the US Small Cap Value segment. First Trust Dow Jones Select MicroCap Index Fund ETF (FDM) is part of the US Small Cap segment. IWN's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, FDM's top sector exposures are Finance, Consumer Cyclicals and Industrials. IWN is less expensive with a Total Expense Ratio (TER) of 0.24%, versus 0.65% for FDM. IWN is up 22.01% year-to-date (YTD) with -$438M in YTD flows. FDM performs worse with 16.19% YTD performance, and +$22M in YTD flows. Run a side-by-side ETF comparison of IWN and FDM 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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IWN vs FDM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWN FDM | -2.27%-2.49% | +2.18%+4.65% | +22.01%+16.19% | +25.87%+23.62% | +65.23%+72.20% | +49.61%+67.53% |
| Flows | IWN FDM | +$57M+$9M | -$61M+$9M | -$438M+$22M | -$454M+$25M | -$1.91B+$18M | -$4.76B+$25M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWN FDM | +11.16%+13.10% | +16.58%+17.35% | +20.47%+20.52% | +21.38%+21.20% |
| Max drawdown | IWN FDM | -3.72%-4.50% | -8.56%-8.71% | -26.60%-23.13% | -26.60%-23.71% |
| Max drawdown duration | IWN FDM | 26d25d | 60d59d | 296d208d | 296d974d |
Trading data
IWN | FDM | |
Last sale 9/11/2026 at 1:30 PM | $219.69 | $91.99 |
| Previous close 09/10/2026 | $218.97 | $91.66 |
| Consolidated volume 09/10/2026 | ||
| 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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IWN | FDM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
IWN | FDM | |
|---|---|---|
| Last price | $219.69 | $91.99 |
| 1D performance | +0.33% | +0.36% |
| AuM | $14.34 B | $271.20 M |
| E/R | 0.24% | 0.65% |
Characteristics
IWN | FDM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | First Trust |
| Benchmark | Russell 2000 Value Index | Dow Jones Select MicroCap Index |
| N° of holdings | 1374 | 145 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 24, 2000 | September 27, 2005 |
| ESG | No | No |
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Exposure
Countries
IWN
USA
94.25%
Other
5.75%
FDM
USA
97.49%
Other
2.51%
Sectors
IWN
Finance
40.47%
Healthcare
10.87%
Industrials
7.32%
Consumer Cyclical.
7.1%
Other
34.24%
FDM
Finance
45.06%
Consumer Cyclical.
8.77%
Industrials
7.15%
Other
39.02%
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Diversification
IWN
Total weight of top 15 holdings out of 15
7.68%
FDM
Total weight of top 15 holdings out of 15
21.61%
Top 15 holdings
Data as of July 31, 2026
IWN
UMB Financial Corp.
0.64%
ViaSat, Inc.
0.64%
Cytokinetics, Inc.
0.61%
CareTrust REIT, Inc.
0.61%
Old National Bancorp
0.53%
Terreno Realty Corp.
0.50%
Jackson Financial, Inc.
0.49%
JBT Marel Corp.
0.48%
SM Energy Co.
0.47%
Macerich Co.
0.47%
PBF Energy, Inc.
0.47%
Terex Corp.
0.46%
Essential Properties Realty Trust, Inc.
0.45%
United Bankshares, Inc. (West Virginia)
0.43%
Southwest Gas Holdings, Inc.
0.43%
FDM
Stoke Therapeutics, Inc.
2.25%
Dauch Corp.
1.93%
GigaCloud Technology, Inc.
1.68%
United Fire Group, Inc.
1.50%
Deluxe Corp.
1.40%
Universal Insurance Holdings, Inc.
1.36%
NWPX Infrastructure, Inc.
1.35%
Business First Bancshares, Inc.
1.30%
Horizon Bancorp, Inc. (Indiana)
1.29%
TrustCo Bank Corp. NY
1.28%
Genco Shipping & Trading Ltd.
1.28%
CNB Financial Corp. (Pennsylvania)
1.27%
TETRA Technologies, Inc.
1.25%
Central Pacific Financial Corp.
1.25%
Camden National Corp. (Maine)
1.22%
Frequently asked questions about IWN and FDM
How have the IWN and FDM ETFs performed in 2026?
As of September 11, 2026, IWN is up 22.01% year-to-date (YTD), while FDM has returned 16.19%. That puts IWN better performer ahead so far this year.
Which ETF is attracting more investor money: IWN or FDM?
Year-to-date, the IWN ETF saw -$438M in flows, compared to +$22M for FDM.
Which ETF is more volatile: IWN or FDM?
Over the past year, IWN had a volatility of 16.58%, while FDM experienced 17.35%.
Which ETF is bigger: IWN or FDM?
As of September 11, 2026, IWN holds $14.34 B in assets under management (AUM), while FDM manages $271.20 M.
What sectors do the IWN and FDM ETFs invest in?
IWN leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, FDM focuses on Finance, Consumer Cyclicals and Industrials.
What are the top holdings of the IWN ETF and FDM ETF?
IWN top holdings include UMB Financial Corp., ViaSat, Inc. and Cytokinetics, Inc.. FDM holds in its top three: Stoke Therapeutics, Inc., Dauch Corp. and GigaCloud Technology, Inc..
Which ETF is more diversified: IWN or FDM?
IWN holds 1382 securities with 7.68% of its assets in the top 15. FDM has 145 securities and a top 15 weight of 21.61%.
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