IWV vs VOO
IWV vs VOO
iShares Russell 3000 ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. IWV offers more diversification with 1670 holdings.
Side-by-Side Comparison
| Metric | IWV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $19.5B | $979.0B | |
| Dividend Yield | 0.87% | 1.09% | |
| Holdings | 2,596 | 509 | |
| YTD Return | +13.14% | +13.11% | |
| 1Y Return | +22.77% | +22.88% | |
| 3Y Return (annualized) | +20.39% | +21.08% | |
| 5Y Return (annualized) | +12.07% | +13.26% | |
| Volatility (annualized) | 15.6% | 14.1% | |
| Max Drawdown | -56.7% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 22, 2000 | Sep 7, 2010 |
IWV vs VOO Performance
iShares Russell 3000 ETF (IWV) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IWV returned +22.77% while VOO returned +22.88%. Year to date, IWV is up 13.14% versus a gain of 13.11% for VOO.
Over three years, IWV compounded at +20.39% per year against +21.08% for VOO; over five years the annualized figures are +12.07% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.54% annualized vs +7.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 14.1% for VOO. 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 -56.7% for IWV and -34.3% for VOO. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWV charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, IWV currently yields 0.87% against 1.09% for VOO.
Holdings Overlap
IWV and VOO share 453 holdings out of 1722 unique holdings combined, representing a 84.6% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IWV | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 6.26% | 7.51% | 1.25% |
| AAPL | 6.20% | 6.59% | 0.39% |
| MSFT | 3.94% | 4.30% | 0.36% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings IWV shares with VOO 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, IWV or VOO?
IWV has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IWV or VOO?
Over the past year IWV returned +22.77% vs +22.88% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), IWV annualized +7.22% vs +13.54% for VOO. Past performance does not guarantee future results.
Which is riskier, IWV or VOO?
IWV has been the more volatile fund at 15.6% annualized versus 14.1% for VOO. Worst drawdown: IWV -56.7% vs VOO -34.3%.
Should I hold both IWV and VOO?
IWV and VOO have a monthly-return correlation of 0.99, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IWV and VOO?
IWV and VOO share 453 common holdings with a 84.6% weight overlap. Combined, they hold 1722 unique securities.
Which pays a higher dividend, IWV or VOO?
IWV yields 0.87% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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