iShares Russell 2000 Value ETF

IWN

Market cap $13.9B

iShares Russell 2000 Value ETF offers broader diversification with significantly more holdings than State Street SPDR S&P 600 Small Cap Value ETF State Street SPDR S&P 600 Small Cap Value ETF maintains a lower expense ratio and higher dividend yield than its iShares peer Both funds provide small-cap value exposure and have similar risk profiles, though the iShares fund has slightly outperformed over the last 12 months

The iShares Morningstar Small-Cap Value ETF (ISCV) was launched on June 28, 2004, and is a passively managed exchange traded fund designed to offer broad exposure to the Small Cap Value segment of the US equity market.

The first quarter of 2026 ended with a decisive shift in equity leadership. The Russell 2000 Value Index gained 5.0 percent, while the Russell 2000 Growth Index fell 2.8 percent.

The Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV | AVUV Price Prediction) is the actively managed option on this list, and that distinction matters more than the label suggests.

The Middle East crisis led to a broad selloff in Russell equity segments in March halting the year-long rally. 12M forward P/Es derated broadly but more so for Russell 1000, Top 200 and the large- and small-cap Growth indices partly due to their heavy Tech exposure and valuation expansion over the last three years.

Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the iShares Russell 2000 Value ETF (IWN) is a passively managed exchange traded fund launched on July 24, 2000.

The iShares Morningstar Small-Cap Value ETF (NYSEMKT:ISCV) charges a much lower expense ratio and offers a higher dividend yield than the iShares Russell 2000 Value ETF (NYSEMKT:IWN). IWN delivered a stronger one-year return, but ISCV showed a milder five-year drawdown.

IWN holds over three times as many stocks as SLYV, with heavier exposure to real estate and financials IWN has delivered a higher 1-year return and shallower drawdown over five years, but charges a higher expense ratio Both funds are highly liquid, but IWN's larger assets under management may appeal to investors seeking scale

IWN has delivered a stronger one-year return but carries a higher expense ratio than VBR. VBR is more concentrated in industrials, while IWN leans more heavily into financial services and real estate.

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