IWO ETF — Holdings & Analysis

With an expense ratio of 0.24%, IWO provides exposure to the small-cap growth segment of the U.S. equity market. The fund's focus on growth companies within the Russell 2000 index differentiates it, potentially offering higher growth potential compared to broad market ETFs, but also introducing higher volatility.

iShares Russell 2000 Growth ETF (IWO) ETF — Price, Holdings & Analysis

The iShares Russell 2000 Growth ETF (IWO) is a $12.34 billion fund seeking to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics. With an expense ratio of 0.24%, IWO provides exposure to the small-cap growth segment of the U.S. equity market. The fund's focus on growth companies within the Russell 2000 index differentiates it, potentially offering higher growth potential compared to broad market ETFs, but also introducing higher volatility.

ETF Overview

The iShares Russell 2000 Growth ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics.

IWO aims to capture the performance of small-cap U.S. companies exhibiting growth characteristics, as defined by the Russell 2000 Growth Index. This ETF is designed for investors seeking exposure to companies with high growth potential, often characterized by higher price-to-book ratios and higher forecasted growth values. The fund invests in a diverse portfolio of 1091 holdings, with the top holdings including Bloom Energy Corp Class A (2.17%), Fabrinet (1.26%), and Credo Technology Group Holding Ltd (1.10%). Sector allocation is heavily weighted towards Healthcare (24.0%), Technology (22.6%), and Industrials (21.9%), reflecting the growth-oriented nature of the underlying index. IWO's investment strategy makes it suitable for investors who believe in the long-term growth potential of small-cap companies and are willing to accept higher volatility for potentially higher returns. Country exposure is primarily focused on the United States (94.6%).

Risk Metrics

IWO's focus on small-cap growth stocks introduces a higher level of risk compared to broader market ETFs. The fund's beta of 1.45 (3Y) indicates that it is more volatile than the overall market. Sector concentration is also a factor, with significant allocations to Healthcare, Technology, and Industrials; any downturn in these sectors could disproportionately impact IWO's performance. While the expense ratio of 0.24% is relatively low, it still represents a cost that can slightly detract from overall returns over time. Investors should be aware that small-cap growth stocks can be more sensitive to economic cycles and market sentiment, potentially leading to greater price fluctuations. Past performance does not guarantee future results.

Expense Ratio

0.24%

What does IWO hold?

Holding	Weight
Bloom Energy Corp Class A (BE)	2.17%
Fabrinet (FN)	1.26%
Credo Technology Group Holding Ltd (CRDO)	1.10%
Kratos Defense & Security Solutions Inc (KTOS)	0.91%
IonQ Inc Class A (IONQ)	0.83%
Sterling Infrastructure Inc (STRL)	0.81%
Advanced Energy Industries Inc (AEIS)	0.81%
Nextpower Inc Class A (NXT)	0.78%
Ensign Group Inc (ENSG)	0.77%
Modine Manufacturing Co (MOD)	0.76%

How Is the Fund Allocated?

Sector	Weight
Healthcare	24.0%
Technology	22.6%
Industrials	21.9%
Financial Services	8.1%
Consumer Cyclical	7.8%
Basic Materials	4.1%
Energy	3.5%
Consumer Defensive	2.8%
Communication Services	2.1%
Real Estate	2.0%
Utilities	0.8%
Cash & Others	0.3%

Country	Weight
United States	94.6%
Cayman Islands	2.7%
Canada	0.6%
United Kingdom	0.5%
Puerto Rico	0.3%
Other	0.3%
Ireland	0.3%
Singapore	0.1%
Bahamas	0.1%
Bermuda	0.1%

Dividend Yield

0.37%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) (Equity) — 0.72% expense ratio
iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio
iShares Blockchain and Tech ETF (IBLC) (Equity) — 0.47% expense ratio

Risk Metrics

Beta: 1.45

Questions & Answers

What is IWO and what does it track?

The iShares Russell 2000 Growth ETF (IWO) is an exchange-traded fund that aims to mirror the investment results of the Russell 2000 Growth Index. This index is composed of small-capitalization U.S. equities that exhibit growth characteristics.

Essentially, IWO provides investors with exposure to a basket of smaller, rapidly growing companies within the United States.

What is the expense ratio for IWO?

The expense ratio for the iShares Russell 2000 Growth ETF (IWO) is 0.24%. This means that for every $10,000 invested in the fund, $24 is used to cover the fund's operating expenses annually.

What are the top holdings in IWO?

As of 2026-03-15, the top five holdings in the iShares Russell 2000 Growth ETF (IWO) are: Bloom Energy Corp Class A (2.17%), Fabrinet (1.26%), Credo Technology Group Holding Ltd (1.10%), Kratos Defense & Security Solutions Inc (0.91%), and IonQ Inc…

Class A (0.83%).

Is IWO a good long-term investment?

Whether IWO is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. IWO offers exposure to the small-cap growth segment, which can provide higher growth potential but also comes with increased volatility.

The fund's beta of 1.45 indicates that it is more volatile than the overall market.

How does IWO compare to similar ETFs?

IWO competes with other ETFs that focus on small-cap growth stocks. In comparison to other similar ETFs, IWO has a relatively large AUM of $12.34 billion, which indicates its popularity among investors.

Its expense ratio of 0.24% is competitive within the category.

Does IWO pay dividends?

Yes, the iShares Russell 2000 Growth ETF (IWO) does pay dividends. As of 2026-03-15, the fund has a dividend yield of 0.37%. This yield represents the annual dividend payment as a percentage of the fund's share price.

While the dividend yield is relatively low compared to some other asset classes, it provides a small income component to the overall return. Dividend payments can vary over time and are not guaranteed.