IVV vs IWR
IVV vs IWR
iShares Core S&P 500 ETF vs iShares Russell Mid-Cap ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IWR offers more diversification with 798 holdings.
Side-by-Side Comparison
| Metric | IVV | IWR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.18% | |
| AUM | $865.2B | $56.1B | |
| Dividend Yield | 1.09% | 1.15% | |
| Holdings | 508 | 831 | |
| YTD Return | +13.52% | +16.66% | |
| 1Y Return | +23.63% | +21.96% | |
| 3Y Return (annualized) | +21.26% | +16.41% | |
| 5Y Return (annualized) | +13.52% | +8.70% | |
| Volatility (annualized) | 15.1% | 17.0% | |
| Max Drawdown | -56.5% | -59.7% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 17, 2001 |
IVV vs IWR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Russell Mid-Cap ETF (IWR) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +23.63% while IWR returned +21.96%. Year to date, IVV is up 13.52% versus a gain of 16.66% for IWR.
Over three years, IVV compounded at +21.26% per year against +16.41% for IWR; over five years the annualized figures are +13.52% and +8.70% respectively. Across the full 25-year window we track, IWR has the edge at +8.78% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWR has been the more volatile fund, with annualized monthly volatility of 17.0% 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 -59.7% for IWR. 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 0.94. 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 IWR charges 0.18%. On a $10,000 position that is $3 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.15% for IWR.
Holdings Overlap
IVV and IWR share 297 holdings out of 1006 unique holdings combined, representing a 13.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IWR | Difference |
|---|---|---|---|
| HOOD | 0.13% | 0.65% | 0.52% |
| DDOG | 0.13% | 0.60% | 0.47% |
| PR | 0.62% | 0.10% | 0.52% |
| MPC | Pro | Pro | Pro |
| PSX | Pro | Pro | Pro |
| SPG | Pro | Pro | Pro |
| URI | Pro | Pro | Pro |
| ALL | Pro | Pro | Pro |
| FIX | Pro | Pro | Pro |
| DLR | Pro | Pro | Pro |
See all 10 holdings IVV shares with IWR 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 IWR?
IVV has an expense ratio of 0.03% while IWR charges 0.18%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, IVV or IWR?
Over the past year IVV returned +23.63% vs +21.96% for IWR, so IVV leads on 1-year performance. Over the longest common window we track (25 years), IVV annualized +7.04% vs +8.78% for IWR. Past performance does not guarantee future results.
Which is riskier, IVV or IWR?
IWR has been the more volatile fund at 17.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IWR -59.7%.
Should I hold both IVV and IWR?
IVV and IWR have a monthly-return correlation of 0.94, 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 IWR?
IVV and IWR share 297 common holdings with a 13.1% weight overlap. Combined, they hold 1006 unique securities.
Which pays a higher dividend, IVV or IWR?
IVV yields 1.09% while IWR yields 1.15%, so IWR currently pays the higher dividend yield.
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