IVV vs UWM
IVV vs UWM
iShares Core S&P 500 ETF vs ProShares Ultra Russell2000
Quick Verdict
IVV has a lower expense ratio. UWM delivered stronger 1-year returns. UWM offers more diversification with 1966 holdings.
Side-by-Side Comparison
| Metric | IVV | UWM | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $865.2B | $248M | |
| Dividend Yield | 1.09% | 0.78% | |
| Holdings | 508 | 1,994 | |
| YTD Return | +13.52% | +40.73% | |
| 1Y Return | +23.63% | +75.91% | |
| 3Y Return (annualized) | +21.26% | +23.36% | |
| 5Y Return (annualized) | +13.52% | +5.18% | |
| Volatility (annualized) | 15.1% | 41.1% | |
| Max Drawdown | -56.5% | -88.5% | |
| Fund Family | iShares by BlackRock (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 23, 2007 |
IVV vs UWM Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and ProShares Ultra Russell2000 (UWM) is a ETF from ProShares. Over the past year IVV returned +23.63% while UWM returned +75.91%. Year to date, IVV is up 13.52% versus a gain of 40.73% for UWM.
Over three years, IVV compounded at +21.26% per year against +23.36% for UWM; over five years the annualized figures are +13.52% and +5.18% respectively. Across the full 20-year window we track, UWM has the edge at +7.23% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UWM has been the more volatile fund, with annualized monthly volatility of 41.1% 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 -88.5% for UWM. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UWM charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.78% for UWM.
Holdings Overlap
IVV and UWM share 5 holdings out of 2466 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in UWM | Difference |
|---|---|---|---|
| PR | 0.62% | 0.09% | 0.53% |
| NEM | 0.15% | 0.01% | 0.14% |
| XEL | 0.08% | 0.02% | 0.06% |
| BLDR | Pro | Pro | Pro |
| AOS | Pro | Pro | Pro |
See all 5 holdings IVV shares with UWM 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 UWM?
IVV has an expense ratio of 0.03% while UWM charges 0.95%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, IVV or UWM?
Over the past year IVV returned +23.63% vs +75.91% for UWM, so UWM leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.04% vs +7.23% for UWM. Past performance does not guarantee future results.
Which is riskier, IVV or UWM?
UWM has been the more volatile fund at 41.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs UWM -88.5%.
Should I hold both IVV and UWM?
IVV and UWM have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and UWM?
IVV and UWM share 5 common holdings with a 0.1% weight overlap. Combined, they hold 2466 unique securities.
Which pays a higher dividend, IVV or UWM?
IVV yields 1.09% while UWM yields 0.78%, so IVV currently pays the higher dividend yield.
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