IVV vs IWV
IVV vs IWV
iShares Core S&P 500 ETF vs iShares Russell 3000 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IWV offers more diversification with 1667 holdings.
Side-by-Side Comparison
| Metric | IVV | IWV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $19.5B | |
| Dividend Yield | 1.09% | 0.87% | |
| Holdings | 508 | 2,596 | |
| YTD Return | +13.52% | +13.68% | |
| 1Y Return | +23.63% | +23.54% | |
| 3Y Return (annualized) | +21.26% | +20.62% | |
| 5Y Return (annualized) | +13.52% | +12.38% | |
| Volatility (annualized) | 15.1% | 15.6% | |
| Max Drawdown | -56.5% | -56.7% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 22, 2000 |
IVV vs IWV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Russell 3000 ETF (IWV) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +23.63% while IWV returned +23.54%. Year to date, IVV is up 13.52% versus a gain of 13.68% for IWV.
Over three years, IVV compounded at +21.26% per year against +20.62% for IWV; over five years the annualized figures are +13.52% and +12.38% respectively. Across the full 26-year window we track, IWV has the edge at +7.24% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -56.7% for IWV. 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 0.99. 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 IWV charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.87% for IWV.
Holdings Overlap
IVV and IWV share 454 holdings out of 1718 unique holdings combined, representing a 84.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IWV | Difference |
|---|---|---|---|
| NVDA | 7.76% | 6.26% | 1.50% |
| AAPL | 7.44% | 6.20% | 1.24% |
| MSFT | 4.57% | 3.94% | 0.63% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings IVV shares with IWV 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 IWV?
IVV has an expense ratio of 0.03% while IWV charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or IWV?
Over the past year IVV returned +23.63% vs +23.54% for IWV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.04% vs +7.24% for IWV. Past performance does not guarantee future results.
Which is riskier, IVV or IWV?
IWV has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IWV -56.7%.
Should I hold both IVV and IWV?
IVV and IWV have a monthly-return correlation of 0.99, 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 IWV?
IVV and IWV share 454 common holdings with a 84.0% weight overlap. Combined, they hold 1718 unique securities.
Which pays a higher dividend, IVV or IWV?
IVV yields 1.09% while IWV yields 0.87%, so IVV currently pays the higher dividend yield.
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