Core Insights - The iShares Russell 2000 Value ETF (IWN) and iShares SP Mid-Cap 400 Value ETF (IJJ) were both launched 20 years ago but have diverged in performance and characteristics [1][2]. Cost & Size Comparison - IWN has an expense ratio of 0.24% and an AUM of $12.59 billion, while IJJ has a lower expense ratio of 0.18% and an AUM of $8.47 billion [3][4]. - The 1-year return for IWN is 18.44%, compared to IJJ's 10.84%, and IWN has a dividend yield of 1.53% versus IJJ's 1.7% [3]. Performance & Risk Comparison - Over the past five years, IWN experienced a maximum drawdown of 26.71%, while IJJ had a lower drawdown of 22.68% [5]. - A $1,000 investment in IWN would have grown to $1,338, whereas the same investment in IJJ would have grown to $1,528 [5]. Portfolio Composition - IJJ focuses on mid-cap value stocks, with significant holdings in financial services, industrials, and consumer cyclical sectors, totaling 311 holdings [6]. - IWN, in contrast, holds a broader array of 1,413 small-cap stocks, with top holdings including EchoStar Corp., Hecla Mining Company, and TTM Technologies, reflecting a wide diversification [7]. Investment Implications - Investors' choice between IWN and IJJ may hinge on their risk tolerance, as small-cap stocks (IWN) are generally more volatile than mid-cap stocks (IJJ) [8][10]. - IJJ has outperformed IWN by over 20% in both the last five years and since inception, making it a more stable option with potential for price gains [10].

Core Insights - The article compares two small-cap value ETFs: SLYV, which tracks the S&P SmallCap 600 Value Index, and IWN, which tracks the Russell 2000 Value Index, highlighting their differences in sector allocation, portfolio breadth, and performance [4][5]. Fund Overview - SLYV holds 454 companies with a sector tilt towards financial services (23%), consumer cyclicals (16%), and industrials (15%), with top holdings including Borgwarner, Hecla Mining, and Lincoln National [1]. - IWN has a broader portfolio of 1,407 stocks, primarily focused on financial services (27%), industrials (13%), and healthcare (11%), with top positions including Blk Csh Fnd Treasury Sl Agency, Echostar, and Hecla Mining [2]. Performance and Fees - SLYV is noted for its lower expense ratio and higher dividend yield compared to IWN, which charges 0.09 percentage points more annually [3][6]. - Over the past year, IWN has outperformed SLYV with a return of 13.4% versus 6.4%, although both funds perform comparably over the long term [6]. Sector Allocation - Both funds allocate the largest portion to financials, but SLYV has a more balanced distribution among consumer discretionary, industrials, and information technology, while IWN has healthcare as its third-largest sector [7]. - Investors seeking more healthcare exposure may prefer IWN, whereas those looking for more technology stocks may favor SLYV [7]. Individual Holdings - A notable difference in individual holdings is that IWN's largest holding is a money market fund, constituting 1% of the fund, contrasting with SLYV, which has stocks as its top ten holdings [8].

Core Insights - The iShares Russell 2000 Value ETF (IWN) has outperformed the iShares S&P Mid-Cap 400 Value ETF (IJJ) over the past year, but IJJ has shown stronger historical performance over longer periods [1][8][10] Comparison of ETFs - IWN targets small-cap value companies, while IJJ focuses on mid-cap value stocks, highlighting differences in cost, returns, risk, sector focus, and portfolio construction [2][10] - IWN has a higher one-year return of 8.1% compared to IJJ's 3.8%, but IJJ has a lower expense ratio of 0.18% versus IWN's 0.24% [3][10] - IWN has assets under management (AUM) of $11.8 billion, while IJJ has $8.0 billion [3] Performance Metrics - Over the last five years, IJJ has a max drawdown of 22.7%, while IWN's is 26.7% [4] - Growth of $1,000 over five years is $1,695 for IJJ and $1,549 for IWN [4] Holdings and Sector Focus - IWN tracks over 1,400 small-cap U.S. value stocks, with financial services making up 27% of its assets, followed by industrials at 13% and healthcare at 10% [5] - IJJ holds about 295 mid-cap value stocks, with financial services at 21%, industrials at 17%, and consumer cyclical at 11% [6] Historical Returns - Since 2000, IJJ has posted total returns of approximately 1,060%, while IWN's returns are around 777% [8] - Both ETFs have underperformed compared to the S&P 500 but offer different holdings compared to the broader index [9] Investment Considerations - Both ETFs provide diversification away from large-cap tech stocks, with IJJ being favored for its historical returns, lower expense ratio, and slightly higher dividend yield [10][11]