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iShares Russell 1000 Value ETF invests in large and mid-caps with lower price-to-book, sales growth and forecasted growth.
The IWD ETF is well-diversified across sectors and holdings, but it has lagged the Russell 1000 in total return since inception, especially since 2017.
The Russell 1000 Value Index has underperformed the S&P 500 Value Index and the Vanguard Value Index for 10 years.