Average Daily Volume
550.9K
Fund Overview
The iShares Russell Top 200 Growth ETF (IWY) is an exchange-traded fund that seeks to track the investment results of the Russell Top 200 Growth Index. This index measures the performance of the largest growth-oriented companies within the Russell 1000 Index, which includes large-cap U.S. equities. IWY provides investors with exposure to high-growth potential companies across various sectors, including technology, healthcare, and consumer discretionary. The fund is designed for investors seeking long-term capital appreciation by investing in well-established companies with strong growth prospects. IWY is known for its focus on innovation-driven firms, making it a popular choice for growth-oriented portfolios.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 0.41 %
- Currency Hedged
-
No
- Portfolio Turnover
-
11 %
- Dividend Date
-
Why Invest in the IWY ETF?
Potential Benefits
- Exposure to large-cap growth stocks with strong earnings potential and innovation-driven business models.
- Diversification across high-growth sectors such as technology, healthcare, and consumer discretionary.
- Low expense ratio compared to actively managed growth funds, making it cost-effective for long-term investors.
- Liquidity and transparency due to its ETF structure, allowing for easy trading throughout the day.
- Potential for outperformance during periods of economic expansion and bullish market conditions.
Potential Risks
- Higher volatility compared to value or blended funds, as growth stocks can be more sensitive to market sentiment.
- Concentration risk in top holdings, with a significant portion of the fund invested in a few large companies.
- Underperformance during economic downturns or rising interest rates, which can negatively impact growth stocks.
- Sector-specific risks, particularly in technology, which may face regulatory or competitive pressures.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
-1.7%
|
-3.7%
|
-5.1%
|
+12.1%
|
+7.5%
|
-3.0%
|
-4.9%
|
+3.9%
|
+2.8%
|
+1.3%
|
-
|
-
|
| 2025 |
+1.3%
|
-3.3%
|
-8.3%
|
+1.5%
|
+8.3%
|
+6.4%
|
+3.7%
|
+1.1%
|
+6.0%
|
+3.9%
|
-1.9%
|
-0.6%
|
| 2024 |
+2.9%
|
+6.7%
|
+1.6%
|
-3.9%
|
+6.8%
|
+7.3%
|
-2.0%
|
+2.0%
|
+2.8%
|
-0.6%
|
+5.7%
|
+1.9%
|
| 2023 |
+8.3%
|
-1.4%
|
+8.1%
|
+1.5%
|
+5.6%
|
+6.6%
|
+3.5%
|
-0.5%
|
-5.6%
|
-0.9%
|
+10.8%
|
+4.0%
|
| 2022 |
-7.8%
|
-4.9%
|
+4.6%
|
-12.4%
|
-2.0%
|
-8.0%
|
+12.0%
|
-5.0%
|
-10.0%
|
+5.4%
|
+4.3%
|
-8.0%
|
| 2021 |
-0.9%
|
-0.4%
|
+2.6%
|
+7.0%
|
-1.3%
|
+6.1%
|
+3.8%
|
+3.8%
|
-5.8%
|
+9.0%
|
+1.8%
|
+2.4%
|
| 2020 |
+2.5%
|
-6.6%
|
-8.6%
|
+14.3%
|
+5.9%
|
+4.8%
|
+7.8%
|
+11.8%
|
-5.4%
|
-3.9%
|
+9.4%
|
+4.5%
|
| 2019 |
+8.1%
|
+3.0%
|
+3.2%
|
+4.6%
|
-6.5%
|
+7.0%
|
+2.0%
|
-0.5%
|
+0.3%
|
+3.1%
|
+4.4%
|
+3.4%
|
| 2018 |
+7.4%
|
-2.5%
|
-3.4%
|
+0.4%
|
+4.6%
|
+1.1%
|
+3.1%
|
+5.4%
|
+0.9%
|
-8.7%
|
+0.5%
|
-8.2%
|
| 2017 |
+3.4%
|
+4.5%
|
+1.5%
|
+2.5%
|
+2.6%
|
-0.3%
|
+2.8%
|
+2.2%
|
+0.8%
|
+4.2%
|
+2.8%
|
+1.0%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
MSFT
|
MICROSOFT CORP |
10.8 % |
|
AAPL
|
APPLE INC |
10.3 % |
|
NVDA
|
NVIDIA CORP |
9.3 % |
|
AMZN
|
AMAZON.COM INC |
6.9 % |
|
META
|
META PLATFORMS INC CLASS A |
4.2 % |
|
GOOGL
|
ALPHABET INC CLASS A |
3.7 % |
|
AVGO
|
BROADCOM INC |
3.3 % |
|
TSLA
|
TESLA INC |
3.3 % |
|
LLY
|
ELI LILLY AND CO |
3.2 % |
|
GOOG
|
ALPHABET INC CLASS C |
3.1 % |
Top 10 holdings shown, out of 107 total holdings.
Related ETFs: IWY vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
IWY tracks the Russell Top 200 Growth Index, which selects large-cap U.S. growth stocks from the Russell 1000 Index. The index methodology emphasizes companies with higher price-to-book ratios and forecasted earnings growth. The fund is passively managed, aiming to replicate the index's performance through full or representative sampling. It primarily holds common stocks of U.S. large-cap growth companies and is rebalanced annually to align with the index's composition. The strategy provides broad exposure to growth-oriented firms while maintaining low turnover and costs.
Frequently Asked Questions
What is the expense ratio of IWY?
IWY has an expense ratio of 0.20%, which is competitive among large-cap growth ETFs.
How often is IWY rebalanced?
IWY is rebalanced annually to align with the Russell Top 200 Growth Index's composition.
Does IWY pay dividends?
Yes, IWY pays dividends quarterly, though growth stocks typically have lower dividend yields compared to value stocks.
What sectors are most represented in IWY?
IWY is heavily weighted in technology, healthcare, and consumer discretionary sectors, which are common in growth-focused funds.
How does IWY differ from IWF?
IWY focuses on the top 200 growth stocks within the Russell 1000 Index, while IWF includes all growth stocks in the Russell 1000, resulting in a broader but less concentrated portfolio.
Industry Overview
The iShares Russell Top 200 Growth ETF (IWY) focuses on the large-cap growth segment of the U.S. equity market. Growth investing targets companies expected to grow earnings at an above-average rate compared to the broader market. This strategy often emphasizes sectors like technology, healthcare, and consumer discretionary, where innovation and scalability drive performance. IWY provides a convenient way to gain exposure to these high-growth companies without the need for individual stock selection. The fund's performance is closely tied to the broader economic environment, particularly during periods of technological advancement and consumer spending growth.
Alternative Comparison
Compared to its peers like VUG and IWF, IWY offers a more concentrated exposure to the largest growth stocks within the Russell 1000 Index. While VUG tracks the CRSP US Large Cap Growth Index and IWF follows the Russell 1000 Growth Index, IWY narrows its focus to the top 200 growth companies. This can result in higher returns during strong growth cycles but may also increase volatility. IWY's expense ratio is competitive, though slightly higher than some broad-market growth ETFs like SCHG. Unlike QQQ, which is heavily weighted towards Nasdaq-listed tech stocks, IWY provides a more diversified sector allocation while still emphasizing growth.
Issuer Overview
iShares, a division of BlackRock, is the largest ETF provider globally, known for its extensive range of index-tracking funds. With a strong reputation for innovation and reliability, iShares offers investors access to diverse asset classes and investment strategies. The issuer's expertise in passive investing and robust infrastructure ensures efficient fund management and tight tracking of underlying indices.
Conclusion
The iShares Russell Top 200 Growth ETF (IWY) is a compelling option for investors seeking targeted exposure to large-cap U.S. growth stocks. Its focus on high-growth companies, combined with the benefits of passive investing, makes it a suitable choice for long-term capital appreciation. However, investors should be mindful of the inherent risks associated with growth investing, including volatility and sector concentration. Overall, IWY serves as a valuable tool for growth-oriented portfolios.
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