IVV vs WIA
IVV vs WIA
iShares Core S&P 500 ETF vs Western Asset Inflation-Linked 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 | WIA | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.83% | |
| AUM | $865.2B | $205M | |
| Dividend Yield | 1.09% | 6.98% | |
| Holdings | 508 | 161 | |
| YTD Return | +9.93% | +0.52% | |
| 1Y Return | +19.59% | +2.58% | |
| 3Y Return (annualized) | +19.41% | +6.05% | |
| 5Y Return (annualized) | +12.89% | -1.34% | |
| Volatility (annualized) | 15.1% | 9.8% | |
| Max Drawdown | -56.5% | -43.6% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 30, 2003 |
IVV vs WIA Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Western Asset Inflation-Linked Income Fund (WIA) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +19.59% while WIA returned +2.58%. Year to date, IVV is up 9.93% versus a gain of 0.52% for WIA.
Over three years, IVV compounded at +19.41% per year against +6.05% for WIA; over five years the annualized figures are +12.89% and -1.34% respectively. Across the full 23-year window we track, IVV has the edge at +6.91% annualized vs -0.47%. 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 9.8% for WIA. 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 -43.6% for WIA. 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 0.45. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while WIA charges 0.83%. On a $10,000 position that is $3 vs $83 annually, a gap of $80 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.98% for WIA.
Holdings Overlap
IVV and WIA share 0 holdings out of 594 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 WIA?
IVV has an expense ratio of 0.03% while WIA charges 0.83%. IVV is the cheaper option. On a $10,000 investment, that is $80 per year of difference.
Which performed better, IVV or WIA?
Over the past year IVV returned +19.59% vs +2.58% for WIA, so IVV leads on 1-year performance. Over the longest common window we track (23 years), IVV annualized +6.91% vs -0.47% for WIA. Past performance does not guarantee future results.
Which is riskier, IVV or WIA?
IVV has been the more volatile fund at 15.1% annualized versus 9.8% for WIA. Worst drawdown: IVV -56.5% vs WIA -43.6%.
Should I hold both IVV and WIA?
IVV and WIA have a monthly-return correlation of 0.45, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and WIA?
IVV and WIA share 0 common holdings with a 0.0% weight overlap. Combined, they hold 594 unique securities.
Which pays a higher dividend, IVV or WIA?
IVV yields 1.09% while WIA yields 6.98%, so WIA currently pays the higher dividend yield.
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