ETF Evaluator:
iShares Russell Top 200 Value ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
Index
Risk
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ETF Details
iShares Russell Top 200 Value ETF Overview
iShares Russell Top 200 Value ETF (IWX) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). iShares launched the ETF in 2009.
The investment seeks to track the investment results of the Russell Top 200 Value Index, which measures the performance of the largest capitalization value sector of the U.S. equity market.
The underlying index measures the performance of equity securities of Russell Top 200 Index issuers with lower price-to-book ratios, lower sales-per-share historical growth and lower forecasted growth relative to all securities in the Russell Top 200 Index. BFA uses a representative sampling indexing strategy to manage the fund.
About iShares Russell Top 200 Value ETF (IWX)
There are 4 members of the management team with an average tenure of 4.50 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Top 200 Value TR USD index with a weighting of 100%. iShares Russell Top 200 Value ETF has 156 securities in its portfolio. The top 10 holdings constitute 40.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Russell Top 200 Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. iShares Russell Top 200 Value ETF has 0.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Russell Top 200 Value ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IWX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Russell Top 200 Value ETF expense ratio is below average compared to funds in the Large Value category. iShares Russell Top 200 Value ETF has an expense ratio of 0.20%, which is 46% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Russell Top 200 Value ETF has a portfolio turnover rate of 18%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, iShares Russell Top 200 Value ETF returned 4.7%, which earned it a grade of A, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Russell Top 200 Value ETF has a trailing yield of 1.39%, which is below the 1.70% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Russell Top 200 Value ETF Grades
Year to date, the ETF has returned 20.9%, 6.5 percentage points better than the category, which translates into a grade of A. The fund has returned 33.1% over the past year (grade of A), 18.9% over the past three years (grade of B) and 12.7% per year over the past five years (grade of B) and 12.0% per year over the past 10 years (grade of C).
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IWX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IWX Return (NAV) | 4.7% | 10.1% | 33.1% | 18.9% | 12.7% | 12.0% |
| IWX Return (Price) | 4.8% | 10.1% | 33.1% | 18.9% | 12.7% | 12.0% |
| NAV +/- Price Return | -0.083% | 0.006% | -0.060% | 0.009% | 0.002% | -0.004% |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| IWX Grade (NAV) | A | A | A | B | B | C |
| +/- Category (NAV) | 2.4% | 4.2% | 9.0% | 2.6% | 1.4% | -0.1% |
| IWX Tax-Cost Ratio | na | na | 0.5% | 0.5% | 0.5% | 0.6% |
IWX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IWX Return (NAV) | 20.9% | 18.2% | 14.9% | 10.4% | -5.3% | 23.2% | 1.5% | 26.1% | -6.4% | 13.6% | 15.9% |
| IWX Return (Price) | 20.9% | 18.2% | 14.9% | 10.5% | -5.3% | 23.3% | 1.5% | 25.8% | -6.5% | 14.1% | 15.4% |
| NAV +/- Price Ret | -0.002% | 0.001% | -0.002% | 0.006% | 0.001% | 0.005% | -0.013% | -1.2% | 1.5% | 3.5% | -3.4% |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| IWX Grade (NAV) | A | A | C | D | B | F | D | D | C | F | D |
| +/- Category | 6.5% | 3.4% | -0.6% | -2.6% | 1.2% | -3.5% | -3.9% | -1.2% | 0.2% | -4.1% | 0.2% |
| Risk Measures | |
| Beta: | 0.72 |
| R-Squared: | 63% |
| Standard Deviation: | 11.9% |
| Category Risk Index: | 0.98 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.97 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.4% |
| Total Assets: | $ 3,979 Mil |
| Share Class Assets: | $ 3,979 Mil |
| Turnover: | 18.0% |
| Expense Ratio: | 0.20% |
| Index Fund: | Yes |
| Index Tracked: | Russell 3000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 14.0 years | |||
| Average Tenure: 4.5 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 156 |
| % in Top 10 Holdings: | 40.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.5% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | September 22, 2009 |
Expenses and Fees
| Expense Ratio (%): | 0.20% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.37% |
