IVV vs WIW
IVV vs WIW
iShares Core S&P 500 ETF vs Western Asset Inflation-Linked Opportunities & 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 | WIW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.71% | |
| AUM | $865.2B | $569M | |
| Dividend Yield | 1.09% | 7.95% | |
| Holdings | 508 | 161 | |
| YTD Return | +13.13% | +2.60% | |
| 1Y Return | +22.90% | +3.65% | |
| 3Y Return (annualized) | +21.08% | +6.68% | |
| 5Y Return (annualized) | +13.27% | +0.37% | |
| Volatility (annualized) | 15.1% | 10.0% | |
| Max Drawdown | -56.5% | -43.9% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 27, 2004 |
IVV vs WIW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Western Asset Inflation-Linked Opportunities & Income Fund (WIW) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +22.90% while WIW returned +3.65%. Year to date, IVV is up 13.13% versus a gain of 2.60% for WIW.
Over three years, IVV compounded at +21.08% per year against +6.68% for WIW; over five years the annualized figures are +13.27% and +0.37% respectively. Across the full 22-year window we track, IVV has the edge at +7.02% annualized vs -0.38%. 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 10.0% for WIW. 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 -43.9% for WIW. 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 0.51. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while WIW charges 0.71%. On a $10,000 position that is $3 vs $71 annually, a gap of $68 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.95% for WIW.
Holdings Overlap
IVV and WIW share 0 holdings out of 601 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 WIW?
IVV has an expense ratio of 0.03% while WIW charges 0.71%. IVV is the cheaper option. On a $10,000 investment, that is $68 per year of difference.
Which performed better, IVV or WIW?
Over the past year IVV returned +22.90% vs +3.65% for WIW, so IVV leads on 1-year performance. Over the longest common window we track (22 years), IVV annualized +7.02% vs -0.38% for WIW. Past performance does not guarantee future results.
Which is riskier, IVV or WIW?
IVV has been the more volatile fund at 15.1% annualized versus 10.0% for WIW. Worst drawdown: IVV -56.5% vs WIW -43.9%.
Should I hold both IVV and WIW?
IVV and WIW have a monthly-return correlation of 0.51, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and WIW?
IVV and WIW share 0 common holdings with a 0.0% weight overlap. Combined, they hold 601 unique securities.
Which pays a higher dividend, IVV or WIW?
IVV yields 1.09% while WIW yields 7.95%, so WIW currently pays the higher dividend yield.
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