PEPSvsIWBETF Comparison
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Parametric Equity Plus ETF (PEPS) belongs to the Options Strategies segment. iShares Russell 1000 ETF (IWB) is part of the US Large Cap segment. PEPS's top 3 sector exposures are Technology, Finance and Consumer Non-Cyclicals. In contrast, IWB's top sector exposures are Technology, Finance and Healthcare. PEPS is more expensive with a Total Expense Ratio (TER) of 0.29%, versus 0.15% for IWB. PEPS is up 11.29% year-to-date (YTD) with +$2M in YTD flows. IWB performs better with 11.47% YTD performance, and -$2.55B in YTD flows. Run a side-by-side ETF comparison of PEPS and IWB 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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PEPS vs IWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PEPS IWB | -1.22%-2.12% | +5.22%+4.66% | +11.29%+11.47% | +18.37%+16.67% | n/a+73.95% | n/a+75.93% |
| Flows | PEPS IWB | --$168M | +$2M-$423M | +$2M-$2.55B | +$2M-$2.18B | --$2.54B | --$2.44B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PEPS IWB | +12.36%+12.26% | +14.01%+13.00% | n/a+15.23% | n/a+17.35% |
| Max drawdown | PEPS IWB | -3.56%-3.34% | -9.84%-8.86% | n/a-19.16% | n/a-25.17% |
| Max drawdown duration | PEPS IWB | 16d19d | 80d76d | n/a126d | n/a709d |
Trading data
PEPS | IWB | |
Last sale 9/11/2026 at 1:30 PM | $32.87 | $417.91 |
| Previous close 09/10/2026 | $32.53 | $414.32 |
| 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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PEPS
is actively managed and doesn’t replicate an indexPEPS | IWB | |
|---|---|---|
| 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
PEPS | IWB | |
|---|---|---|
| Last price | $32.87 | $417.91 |
| 1D performance | +1.05% | +0.87% |
| AuM | $29.27 M | $48.52 B |
| E/R | 0.29% | 0.15% |
Characteristics
PEPS | IWB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Morgan Stanley | iShares |
| Benchmark | - | Russell 1000 Index |
| N° of holdings | 172 | 1011 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 7, 2024 | May 15, 2000 |
| ESG | No | No |
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Exposure
Countries
PEPS
USA
97.13%
Other
2.87%
IWB
USA
97.59%
Other
2.41%
Sectors
PEPS
Technology
42.64%
Finance
13.55%
Consumer Non-Cycl.
9.52%
Healthcare
8.45%
Other
25.84%
IWB
Technology
42.37%
Finance
14.69%
Healthcare
9.22%
Consumer Non-Cycl.
8.65%
Industrials
8.55%
Other
16.51%
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Diversification
PEPS
Total weight of top 15 holdings out of 15
48.11%
IWB
Total weight of top 15 holdings out of 15
40.24%
Top 15 holdings
Data as of July 31, 2026
PEPS
Apple, Inc.
6.77%
NVIDIA Corp.
6.74%
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
5.19%
Microsoft Corp.
5.12%
Amazon.com, Inc.
3.88%
Alphabet, Inc.
3.11%
Broadcom Inc.
2.89%
Alphabet, Inc.
2.79%
Micron Technology, Inc.
1.93%
Meta Platforms, Inc.
1.86%
Advanced Micro Devices, Inc.
1.73%
JPMorgan Chase & Co.
1.73%
Eli Lilly & Co.
1.71%
Tesla, Inc.
1.37%
ExxonMobil Holdings Corp.
1.29%
IWB
Apple, Inc.
7.01%
NVIDIA Corp.
6.62%
Microsoft Corp.
4.88%
Amazon.com, Inc.
3.32%
Alphabet, Inc.
2.83%
Broadcom Inc.
2.62%
Alphabet, Inc.
2.31%
Meta Platforms, Inc.
1.72%
Micron Technology, Inc.
1.43%
Berkshire Hathaway, Inc.
1.38%
JPMorgan Chase & Co.
1.36%
Eli Lilly & Co.
1.34%
Tesla, Inc.
1.31%
Advanced Micro Devices, Inc.
1.15%
ExxonMobil Holdings Corp.
0.95%
Frequently asked questions about PEPS and IWB
How have the PEPS and IWB ETFs performed in 2026?
As of September 10, 2026, PEPS is up 11.29% year-to-date (YTD), while IWB has returned 11.47%. That puts IWB better performer ahead so far this year.
Which ETF is attracting more investor money: PEPS or IWB?
Year-to-date, the PEPS ETF saw +$2M in flows, compared to -$2.55B for IWB.
Which ETF is more volatile: PEPS or IWB?
Over the past year, PEPS had a volatility of 14.01%, while IWB experienced 13%.
Which ETF is bigger: PEPS or IWB?
As of September 10, 2026, PEPS holds $29.27 M in assets under management (AUM), while IWB manages $48.52 B.
What sectors do the PEPS and IWB ETFs invest in?
PEPS leans toward sectors like Technology, Finance and Consumer Non-Cyclicals. Meanwhile, IWB focuses on Technology, Finance and Healthcare.
What are the top holdings of the PEPS ETF and IWB ETF?
PEPS top holdings include Apple, Inc., NVIDIA Corp. and Morgan Stanley Instl. Liquidity Funds - Government Portfolio. IWB holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: PEPS or IWB?
PEPS holds 175 securities with 48.11% of its assets in the top 15. IWB has 1023 securities and a top 15 weight of 40.24%.
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