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UPGDvsIWRETF Comparison

ETF 1

UPGD

Invesco Bloomberg Analyst Rating Improvers ETF

This fund is part of

US Large Cap

+0.48%

Full UPGD fund page

VS

ETF 2

IWR

iShares Russell Mid-Cap ETF

This fund is part of

US Mid Cap

-0.14%

Full IWR fund page

Invesco Bloomberg Analyst Rating Improvers ETF (UPGD) belongs to the US Large Cap segment. iShares Russell Mid-Cap ETF (IWR) is part of the US Mid Cap segment. UPGD's top 3 sector exposures are Consumer Non-Cyclicals, Industrials and Technology. In contrast, IWR's top sector exposures are Finance, Technology and Industrials. UPGD is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.18% for IWR. UPGD is up 11.16% year-to-date (YTD) with -$8M in YTD flows. IWR performs better with 13.44% YTD performance, and +$3.82B in YTD flows. Run a side-by-side ETF comparison of UPGD and IWR 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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UPGD vs IWR performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/19/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	UPGD IWR	+1.43%-0.63%	+0.64%-0.14%	+11.16%+13.44%	+11.99%+13.76%	+60.03%+66.89%	+38.52%+41.00%
Flows	UPGD IWR	-$9M+$744M	-$8M+$12M	-$8M+$3.82B	-$10M+$5.21B	-$46M+$11.33B	-$58M+$13.19B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	UPGD IWR	+11.91%+11.22%	+13.81%+13.49%	+15.06%+15.78%	+18.55%+18.23%
Max drawdown	UPGD IWR	-5.66%-6.83%	-10.10%-8.16%	-16.72%-21.08%	-24.26%-26.20%
Max drawdown duration	UPGD IWR	67d64d	82d49d	263d239d	839d854d

Trading data

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	UPGD	IWR
Last sale 10/20/2026 at 1:30 PM	$83.10	$109.60
Previous close 10/19/2026	$82.24	$108.33
Consolidated volume 10/19/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	UPGD	IWR
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/20/2026 at 1:30 PM

Live

Closed

	UPGD	IWR
Last price	$83.10	$109.60
1D performance	+1.05%	+1.17%
AuM	$109.65 M	$56.25 B
E/R	0.4%	0.18%

Characteristics

	UPGD	IWR
Management strategy	Passive	Passive
Provider	Invesco	iShares
Benchmark	Bloomberg ANR Improvers Index	Russell Midcap Index
N° of holdings	50	808
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	May 19, 2006	July 17, 2001
ESG	No	No

More UPGD data on Trackinsight

More IWR data on Trackinsight

Exposure

Countries

UPGD

USA

97.67%

Other

2.33%

IWR

USA

96.24%

Other

3.76%

Sectors

UPGD

Consumer Non-Cycl.

21.55%

Industrials

14.78%

Technology

14.17%

Consumer Cyclical.

11.58%

Consumer Services

8.99%

Non-Energy Materi.

8.38%

Other

20.54%

IWR

Finance

21.61%

Technology

16.34%

Industrials

13.72%

Healthcare

11.84%

Other

36.48%

Diversification

UPGD

Total weight of top 15 holdings out of 15

36.71%

IWR

Total weight of top 15 holdings out of 15

8.43%

Top 15 holdings

Data as of August 31, 2026

UPGD

NetApp, Inc.

3.02%

Expedia Group, Inc.

2.76%

Airbnb, Inc.

2.56%

The Estée Lauder Companies, Inc.

2.56%

Williams-Sonoma, Inc.

2.49%

Incyte Corp.

2.48%

Mettler-Toledo International, Inc.

2.45%

International Paper Co.

2.43%

Cognizant Technology Solutions Corp.

2.34%

Allegion Plc

2.33%

Rivian Automotive, Inc.

2.30%

Expeditors International of Washington, Inc.

2.27%

Dollar General Corp.

2.27%

Cintas Corp.

2.24%

McCormick & Co., Inc.

2.20%

IWR

Snowflake, Inc.

0.80%

Marathon Petroleum Corp.

0.79%

Phillips 66

0.71%

Cloudflare, Inc.

0.69%

Robinhood Markets, Inc.

0.58%

Datadog, Inc.

0.56%

Hewlett Packard Enterprise Co.

0.50%

Warner Bros. Discovery, Inc.

0.49%

Simon Property Group, Inc.

0.49%

Royal Caribbean Group

0.49%

Digital Realty Trust, Inc.

0.48%

The Allstate Corp.

0.47%

Lumentum Holdings, Inc.

0.47%

United Rentals, Inc.

0.47%

Baker Hughes Co.

0.45%

Frequently asked questions about UPGD and IWR

How have the UPGD and IWR ETFs performed in 2026?

As of October 19, 2026, UPGD is up 11.16% year-to-date (YTD), while IWR has returned 13.44%. That puts IWR better performer ahead so far this year.

Which ETF is attracting more investor money: UPGD or IWR?

Year-to-date, the UPGD ETF saw -$8M in flows, compared to +$3.82B for IWR.

Which ETF is more volatile: UPGD or IWR?

Over the past year, UPGD had a volatility of 13.81%, while IWR experienced 13.49%.

Which ETF is bigger: UPGD or IWR?

As of October 19, 2026, UPGD holds $109.65 M in assets under management (AUM), while IWR manages $56.25 B.

What sectors do the UPGD and IWR ETFs invest in?

UPGD leans toward sectors like Consumer Non-Cyclicals, Industrials and Technology. Meanwhile, IWR focuses on Finance, Technology and Industrials.

What are the top holdings of the UPGD ETF and IWR ETF?

UPGD top holdings include NetApp, Inc., Expedia Group, Inc. and Airbnb, Inc.. IWR holds in its top three: Snowflake, Inc., Marathon Petroleum Corp. and Phillips 66.

UPGDvsIWRETF Comparison

Invesco Bloomberg Analyst Rating Improvers ETF

iShares Russell Mid-Cap ETF

UPGD vs IWR performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the UPGD and IWR ETFs performed in 2026?

As of October 19, 2026, UPGD is up 11.16% year-to-date (YTD), while IWR has returned 13.44%. That puts IWR better performer ahead so far this year.

Which ETF is attracting more investor money: UPGD or IWR?

Year-to-date, the UPGD ETF saw -$8M in flows, compared to +$3.82B for IWR.

Which ETF is more volatile: UPGD or IWR?

Over the past year, UPGD had a volatility of 13.81%, while IWR experienced 13.49%.

Which ETF is bigger: UPGD or IWR?

As of October 19, 2026, UPGD holds $109.65 M in assets under management (AUM), while IWR manages $56.25 B.

What sectors do the UPGD and IWR ETFs invest in?

UPGD leans toward sectors like Consumer Non-Cyclicals, Industrials and Technology. Meanwhile, IWR focuses on Finance, Technology and Industrials.

What are the top holdings of the UPGD ETF and IWR ETF?

UPGD top holdings include NetApp, Inc., Expedia Group, Inc. and Airbnb, Inc.. IWR holds in its top three: Snowflake, Inc., Marathon Petroleum Corp. and Phillips 66.

Which ETF is more diversified: UPGD or IWR?

UPGD holds 50 securities with 36.71% of its assets in the top 15. IWR has 818 securities and a top 15 weight of 8.43%.

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