IVV vs RWL
IVV vs RWL
iShares Core S&P 500 ETF vs Invesco S&P 500 Revenue ETF
Quick Verdict
IVV has a lower expense ratio. RWL delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | RWL | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $9.6B | |
| Dividend Yield | 1.09% | 1.26% | |
| Holdings | 508 | 505 | |
| YTD Return | +13.52% | +17.00% | |
| 1Y Return | +23.63% | +31.75% | |
| 3Y Return (annualized) | +21.26% | +19.29% | |
| 5Y Return (annualized) | +13.52% | +14.21% | |
| Volatility (annualized) | 15.1% | 16.5% | |
| Max Drawdown | -56.5% | -55.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 19, 2008 |
IVV vs RWL Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P 500 Revenue ETF (RWL) is a ETF from Invesco (US). Over the past year IVV returned +23.63% while RWL returned +31.75%. Year to date, IVV is up 13.52% versus a gain of 17.00% for RWL.
Over three years, IVV compounded at +21.26% per year against +19.29% for RWL; over five years the annualized figures are +13.52% and +14.21% respectively. Across the full 18-year window we track, RWL has the edge at +10.09% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWL has been the more volatile fund, with annualized monthly volatility of 16.5% 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 -55.3% for RWL. 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 0.95. 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 RWL charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.26% for RWL.
Holdings Overlap
IVV and RWL share 478 holdings out of 517 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 RWL | Difference |
|---|---|---|---|
| AAPL | 7.44% | 2.23% | 5.21% |
| NVDA | 7.76% | 1.26% | 6.50% |
| AMZN | 3.75% | 3.83% | 0.08% |
| MSFT | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings IVV shares with RWL 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 RWL?
IVV has an expense ratio of 0.03% while RWL charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or RWL?
Over the past year IVV returned +23.63% vs +31.75% for RWL, so RWL leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +7.04% vs +10.09% for RWL. Past performance does not guarantee future results.
Which is riskier, IVV or RWL?
RWL has been the more volatile fund at 16.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RWL -55.3%.
Should I hold both IVV and RWL?
IVV and RWL have a monthly-return correlation of 0.95, 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 RWL?
IVV and RWL share 478 common holdings with a 53.9% weight overlap. Combined, they hold 517 unique securities.
Which pays a higher dividend, IVV or RWL?
IVV yields 1.09% while RWL yields 1.26%, so RWL currently pays the higher dividend yield.
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