IWPvsFRTYETF Comparison
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iShares Russell Mid-Cap Growth ETF (IWP) belongs to the US Mid Cap Growth segment. Alger Mid Cap 40 ETF (FRTY) is part of the US Mid Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Industrials and Healthcare. IWP is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.98% for FRTY. IWP is down -1.73% year-to-date (YTD) with -$790M in YTD flows. FRTY performs better with 0.95% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of IWP and FRTY 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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IWP vs FRTY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IWP FRTY | -7.22%-12.14% | +0.80%+4.15% | -1.73%+0.95% | -4.78%+7.44% | +36.71%+60.75% | +19.94%+7.08% |
| Flows | IWP FRTY | -$441M+$6M | +$46M+$4M | -$790M+$5M | +$171M+$28M | +$1.29B+$84M | +$972M+$100M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IWP FRTY | +17.79%+33.15% | +17.60%+27.54% | +19.68%+25.38% | +22.52%+26.11% |
| Max drawdown | IWP FRTY | -8.32%-14.38% | -14.82%-19.41% | -25.34%-31.82% | -38.70%-52.85% |
| Max drawdown duration | IWP FRTY | 29d29d | 245d230d | 134d262d | 1059d1666d |
Trading data
IWP | FRTY | |
Last sale 7/30/2026 at 1:30 PM | $137.48 | $22.02 |
| Previous close 07/29/2026 | $134.32 | $21.21 |
| Consolidated volume 07/29/2026 | ||
| 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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FRTY
is actively managed and doesn’t replicate an indexIWP | FRTY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/30/2026 at 1:30 PM
Live
Closed
IWP | FRTY | |
|---|---|---|
| Last price | $137.48 | $22.02 |
| 1D performance | +2.35% | +3.84% |
| AuM | $19.33 B | $136.87 M |
| E/R | 0.23% | 0.98% |
Characteristics
IWP | FRTY | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Fred Alger Management |
| Benchmark | Russell Midcap Growth Index | - |
| N° of holdings | 266 | 39 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 17, 2001 | March 1, 2021 |
| ESG | No | No |
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Exposure
Countries
IWP
USA
96.58%
Other
3.42%
FRTY
USA
87.41%
Other
12.59%
Sectors
IWP
Technology
33.56%
Industrials
19.09%
Healthcare
12.67%
Consumer Services
9.55%
Finance
8.03%
Other
17.09%
FRTY
Technology
38.69%
Industrials
25.37%
Healthcare
17.59%
Other
18.35%
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Diversification
IWP
Total weight of top 15 holdings out of 15
26.82%
FRTY
Total weight of top 15 holdings out of 15
52.8%
Top 15 holdings
Data as of June 30, 2026
IWP
Datadog, Inc.
2.34%
Snowflake, Inc.
2.33%
Cloudflare, Inc.
2.12%
Teradyne, Inc.
2.07%
Astera Labs, Inc.
2.02%
Simon Property Group, Inc.
1.96%
Comfort Systems USA, Inc.
1.89%
Robinhood Markets, Inc.
1.75%
Lumentum Holdings, Inc.
1.67%
Targa Resources Corp.
1.56%
Rocket Lab Corp.
1.49%
Vistra Corp.
1.46%
Cencora, Inc.
1.45%
W.W. Grainger, Inc.
1.39%
Microchip Technology, Inc.
1.33%
FRTY
Twist Bioscience Corp.
4.78%
Western Digital Corp.
4.37%
Nebius Group NV
3.98%
Vertiv Holdings Co.
3.81%
Liberty Media Corp.
3.62%
Comfort Systems USA, Inc.
3.61%
Sandisk Corp.
3.56%
Astera Labs, Inc.
3.38%
Modine Manufacturing Co.
3.31%
Axon Enterprise, Inc.
3.28%
HEICO Corp.
3.22%
Cloudflare, Inc.
3.21%
Repligen Corp.
2.94%
FTAI Aviation Ltd.
2.90%
RBC Bearings, Inc.
2.83%
Frequently asked questions about IWP and FRTY
How have the IWP and FRTY ETFs performed in 2026?
As of July 29, 2026, IWP is down -1.73% year-to-date (YTD), while FRTY has returned 0.95%. That puts FRTY better performer ahead so far this year.
Which ETF is attracting more investor money: IWP or FRTY?
Year-to-date, the IWP ETF saw -$790M in flows, compared to +$5M for FRTY.
Which ETF is more volatile: IWP or FRTY?
Over the past year, IWP had a volatility of 17.6%, while FRTY experienced 27.54%.
Which ETF is bigger: IWP or FRTY?
As of July 29, 2026, IWP holds $19.33 B in assets under management (AUM), while FRTY manages $136.87 M.
What sectors do the IWP and FRTY ETFs invest in?
IWP leans toward sectors like Technology, Industrials and Healthcare. Meanwhile, FRTY focuses on Technology, Industrials and Healthcare.
What are the top holdings of the IWP ETF and FRTY ETF?
IWP top holdings include Datadog, Inc., Snowflake, Inc. and Cloudflare, Inc.. FRTY holds in its top three: Twist Bioscience Corp., Western Digital Corp. and Nebius Group NV.
Which ETF is more diversified: IWP or FRTY?
IWP holds 267 securities with 26.82% of its assets in the top 15. FRTY has 39 securities and a top 15 weight of 52.8%.
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