IVV vs SWPPX
IVV vs SWPPX
iShares Core S&P 500 ETF vs Schwab S&P 500 Index Fund
Quick Verdict
SWPPX has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | SWPPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.02% | |
| AUM | $865.2B | $142.8B | |
| Dividend Yield | 1.09% | 1.01% | |
| Holdings | 508 | 502 | |
| YTD Return | +13.80% | +13.15% | |
| 1Y Return | +23.70% | -79.74% | |
| 3Y Return (annualized) | +21.49% | -34.22% | |
| 5Y Return (annualized) | +13.43% | -21.91% | |
| Volatility (annualized) | 15.1% | 40.5% | |
| Max Drawdown | -56.5% | -83.7% | |
| Fund Family | iShares by BlackRock (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 19, 1997 |
IVV vs SWPPX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Schwab S&P 500 Index Fund (SWPPX) is a mutual fund from Charles Schwab Asset Management. Over the past year IVV returned +23.70% while SWPPX returned -79.74%. Year to date, IVV is up 13.80% versus a gain of 13.15% for SWPPX.
Over three years, IVV compounded at +21.49% per year against -34.22% for SWPPX; over five years the annualized figures are +13.43% and -21.91% respectively. Across the full 5-year window we track, IVV has the edge at +7.05% annualized vs -21.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SWPPX has been the more volatile fund, with annualized monthly volatility of 40.5% 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 -83.7% for SWPPX. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SWPPX charges 0.02%. On a $10,000 position that is $3 vs $2 annually, a gap of $1 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.01% for SWPPX.
Holdings Overlap
IVV and SWPPX share 485 holdings out of 520 unique holdings combined, representing a 87.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in SWPPX | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.80% | 0.04% |
| AAPL | 7.44% | 6.44% | 1.00% |
| MSFT | 4.57% | 5.37% | 0.80% |
| AMZN | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
See all 10 holdings IVV shares with SWPPX 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 SWPPX?
IVV has an expense ratio of 0.03% while SWPPX charges 0.02%. SWPPX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, IVV or SWPPX?
Over the past year IVV returned +23.70% vs -79.74% for SWPPX, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.05% vs -21.91% for SWPPX. Past performance does not guarantee future results.
Which is riskier, IVV or SWPPX?
SWPPX has been the more volatile fund at 40.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SWPPX -83.7%.
Should I hold both IVV and SWPPX?
IVV and SWPPX have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SWPPX?
IVV and SWPPX share 485 common holdings with a 87.0% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or SWPPX?
IVV yields 1.09% while SWPPX yields 1.01%, so IVV currently pays the higher dividend yield.
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