IVV vs IWY
IVV vs IWY
iShares Core S&P 500 ETF vs iShares Russell Top 200 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 | IWY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $15.7B | |
| Dividend Yield | 1.09% | 0.34% | |
| Holdings | 508 | 105 | |
| YTD Return | +13.52% | +5.52% | |
| 1Y Return | +23.63% | +14.25% | |
| 3Y Return (annualized) | +21.26% | +22.51% | |
| 5Y Return (annualized) | +13.52% | +13.71% | |
| Volatility (annualized) | 15.1% | 16.1% | |
| Max Drawdown | -56.5% | -32.7% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 22, 2009 |
IVV vs IWY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Russell Top 200 Growth ETF (IWY) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +23.63% while IWY returned +14.25%. Year to date, IVV is up 13.52% versus a gain of 5.52% for IWY.
Over three years, IVV compounded at +21.26% per year against +22.51% for IWY; over five years the annualized figures are +13.52% and +13.71% respectively. Across the full 17-year window we track, IWY has the edge at +15.89% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWY has been the more volatile fund, with annualized monthly volatility of 16.1% 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 -32.7% for IWY. 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 IWY 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 0.34% for IWY.
Holdings Overlap
IVV and IWY share 94 holdings out of 513 unique holdings combined, representing a 53.9% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IWY | Difference |
|---|---|---|---|
| NVDA | 7.76% | 14.00% | 6.24% |
| AAPL | 7.44% | 7.80% | 0.36% |
| GOOGL | 3.15% | 6.61% | 3.46% |
| MSFT | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
See all 10 holdings IVV shares with IWY 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 IWY?
IVV has an expense ratio of 0.03% while IWY 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 IWY?
Over the past year IVV returned +23.63% vs +14.25% for IWY, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +7.04% vs +15.89% for IWY. Past performance does not guarantee future results.
Which is riskier, IVV or IWY?
IWY has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IWY -32.7%.
Should I hold both IVV and IWY?
IVV and IWY 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 IWY?
IVV and IWY share 94 common holdings with a 53.9% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IVV or IWY?
IVV yields 1.09% while IWY yields 0.34%, so IVV currently pays the higher dividend yield.
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