IVV vs WDI
IVV vs WDI
iShares Core S&P 500 ETF vs Western Asset Diversified Income Fund
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 | WDI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.82% | |
| AUM | $865.2B | $723M | |
| Dividend Yield | 1.09% | 12.55% | |
| Holdings | 508 | 410 | |
| YTD Return | +13.52% | +1.73% | |
| 1Y Return | +23.63% | -1.14% | |
| 3Y Return (annualized) | +21.26% | +10.74% | |
| 5Y Return (annualized) | +13.52% | +2.59% | |
| Volatility (annualized) | 15.1% | 13.9% | |
| Max Drawdown | -56.5% | -32.5% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jun 24, 2021 |
IVV vs WDI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Western Asset Diversified Income Fund (WDI) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +23.63% while WDI returned -1.14%. Year to date, IVV is up 13.52% versus a gain of 1.73% for WDI.
Over three years, IVV compounded at +21.26% per year against +10.74% for WDI; over five years the annualized figures are +13.52% and +2.59% respectively. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs +2.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.9% for WDI. 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 -32.5% for WDI. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while WDI charges 1.82%. On a $10,000 position that is $3 vs $182 annually, a gap of $179 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 12.55% for WDI.
Holdings Overlap
IVV and WDI share 0 holdings out of 697 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or WDI?
IVV has an expense ratio of 0.03% while WDI charges 1.82%. IVV is the cheaper option. On a $10,000 investment, that is $179 per year of difference.
Which performed better, IVV or WDI?
Over the past year IVV returned +23.63% vs -1.14% for WDI, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.04% vs +2.79% for WDI. Past performance does not guarantee future results.
Which is riskier, IVV or WDI?
IVV has been the more volatile fund at 15.1% annualized versus 13.9% for WDI. Worst drawdown: IVV -56.5% vs WDI -32.5%.
Should I hold both IVV and WDI?
IVV and WDI have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and WDI?
IVV and WDI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 697 unique securities.
Which pays a higher dividend, IVV or WDI?
IVV yields 1.09% while WDI yields 12.55%, so WDI currently pays the higher dividend yield.
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