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 24.37% year-to-date (YTD) with -$552M in YTD flows. FDM performs worse with 17.47% YTD performance, and +$13M 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 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWN FDM | +1.23%+0.01% | +8.78%+5.04% | +24.37%+17.47% | +37.86%+30.01% | +58.02%+62.38% | +54.49%+69.23% |
| Flows | IWN FDM | -$1.46B- | -$15M+$9M | -$552M+$13M | -$492M+$18M | -$2.42B+$9M | -$5.05B+$13M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWN FDM | +15.74%+15.47% | +17.67%+18.13% | +20.55%+20.57% | +21.48%+21.30% |
| Max drawdown | IWN FDM | -3.99%-5.03% | -8.56%-8.71% | -26.60%-23.13% | -26.60%-23.71% |
| Max drawdown duration | IWN FDM | 16d38d | 60d59d | 296d208d | 296d974d |
Trading data
IWN | FDM | |
Last sale 7/29/2026 at 1:30 PM | $221.81 | $92.78 |
| Previous close 07/28/2026 | $224.11 | $91.65 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 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 7/29/2026 at 1:30 PM
Live
Closed
IWN | FDM | |
|---|---|---|
| Last price | $221.81 | $92.78 |
| 1D performance | -1.03% | +1.24% |
| AuM | $14.51 B | $264.91 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 | 1392 | 146 |
| 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
94.22%
Other
5.78%
FDM
USA
97.54%
Other
2.46%
Sectors
IWN
Finance
39.7%
Healthcare
11.07%
Industrials
7.78%
Consumer Cyclical.
7.66%
Other
33.8%
FDM
Finance
45.72%
Consumer Cyclical.
8.22%
Industrials
7.03%
Other
39.03%
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Diversification
IWN
Total weight of top 15 holdings out of 15
7.67%
FDM
Total weight of top 15 holdings out of 15
21.97%
Top 15 holdings
Data as of June 30, 2026
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%
FDM
Stoke Therapeutics, Inc.
2.27%
TETRA Technologies, Inc.
1.72%
NWPX Infrastructure, 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%
American Public Education, Inc.
1.27%
Business First Bancshares, Inc.
1.27%
Central Pacific Financial Corp.
1.26%
CNB Financial Corp. (Pennsylvania)
1.25%
Frequently asked questions about IWN and FDM
How have the IWN and FDM ETFs performed in 2026?
As of July 28, 2026, IWN is up 24.37% year-to-date (YTD), while FDM has returned 17.47%. 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 -$552M in flows, compared to +$13M for FDM.
Which ETF is more volatile: IWN or FDM?
Over the past year, IWN had a volatility of 17.67%, while FDM experienced 18.13%.
Which ETF is bigger: IWN or FDM?
As of July 28, 2026, IWN holds $14.51 B in assets under management (AUM), while FDM manages $264.91 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 ViaSat, Inc., Cytokinetics, Inc. and UMB Financial Corp.. FDM holds in its top three: Stoke Therapeutics, Inc., TETRA Technologies, Inc. and NWPX Infrastructure, Inc..
Which ETF is more diversified: IWN or FDM?
IWN holds 1407 securities with 7.67% of its assets in the top 15. FDM has 146 securities and a top 15 weight of 21.97%.
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