IVV vs IWP
IVV vs IWP
iShares Core S&P 500 ETF vs iShares Russell Midcap Growth ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | IWP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.23% | |
| AUM | $865.2B | $19.8B | |
| Dividend Yield | 1.09% | 0.34% | |
| Holdings | 508 | 271 | |
| YTD Return | +9.93% | -0.69% | |
| 1Y Return | +19.59% | -2.95% | |
| 3Y Return (annualized) | +19.41% | +11.94% | |
| 5Y Return (annualized) | +12.89% | +4.23% | |
| Volatility (annualized) | 15.1% | 18.5% | |
| Max Drawdown | -56.5% | -57.3% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 17, 2001 |
IVV vs IWP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Russell Midcap Growth ETF (IWP) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +19.59% while IWP returned -2.95%. Year to date, IVV is up 9.93% versus a loss of 0.69% for IWP.
Over three years, IVV compounded at +19.41% per year against +11.94% for IWP; over five years the annualized figures are +12.89% and +4.23% respectively. Across the full 25-year window we track, IWP has the edge at +8.46% annualized vs +6.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWP has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -57.3% for IWP. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while IWP charges 0.23%. On a $10,000 position that is $3 vs $23 annually, a gap of $20 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.34% for IWP.
Holdings Overlap
IVV and IWP share 83 holdings out of 689 unique holdings combined, representing a 4.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IWP | Difference |
|---|---|---|---|
| DDOG | 0.13% | 2.33% | 2.20% |
| HOOD | 0.13% | 2.08% | 1.95% |
| SPG | 0.11% | 2.00% | 1.89% |
| FIX | Pro | Pro | Pro |
| TER | Pro | Pro | Pro |
| TRGP | Pro | Pro | Pro |
| COR | Pro | Pro | Pro |
| VST | Pro | Pro | Pro |
| LITE | Pro | Pro | Pro |
| GWW | Pro | Pro | Pro |
See all 10 holdings IVV shares with IWP Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, IVV or IWP?
IVV has an expense ratio of 0.03% while IWP charges 0.23%. IVV is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, IVV or IWP?
Over the past year IVV returned +19.59% vs -2.95% for IWP, so IVV leads on 1-year performance. Over the longest common window we track (25 years), IVV annualized +6.91% vs +8.46% for IWP. Past performance does not guarantee future results.
Which is riskier, IVV or IWP?
IWP has been the more volatile fund at 18.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IWP -57.3%.
Should I hold both IVV and IWP?
IVV and IWP have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and IWP?
IVV and IWP share 83 common holdings with a 4.6% weight overlap. Combined, they hold 689 unique securities.
Which pays a higher dividend, IVV or IWP?
IVV yields 1.09% while IWP yields 0.34%, so IVV currently pays the higher dividend yield.
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