IWD tracks the Russell 1000 Value index, competing with Vanguard's VTV. Its inclusion of Amazon, Apple, and Microsoft among top holdings gives it a somewhat different composition than VTV's financial- and healthcare-heavy mix (JPMorgan, Merck, etc.).

Its 27.8% one-year return has actually outpaced VTV's 24.1%, but at a 0.18% expense ratio — six times VTV's 0.03%. For long-term holding, VTV's cost efficiency often makes it the better pick.