IWV vs VYM
IWV vs VYM
iShares Russell 3000 ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. IWV offers more diversification with 1670 holdings.
Side-by-Side Comparison
| Metric | IWV | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $19.5B | $79.0B | |
| Dividend Yield | 0.87% | 2.86% | |
| Holdings | 2,596 | 568 | |
| YTD Return | +13.14% | +15.20% | |
| 1Y Return | +22.77% | +25.56% | |
| 3Y Return (annualized) | +20.39% | +17.86% | |
| 5Y Return (annualized) | +12.07% | +12.35% | |
| Volatility (annualized) | 15.6% | 14.6% | |
| Max Drawdown | -56.7% | -58.8% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 22, 2000 | Nov 10, 2006 |
IWV vs VYM Performance
iShares Russell 3000 ETF (IWV) is a ETF from iShares by BlackRock (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year IWV returned +22.77% while VYM returned +25.56%. Year to date, IWV is up 13.14% versus a gain of 15.20% for VYM.
Over three years, IWV compounded at +20.39% per year against +17.86% for VYM; over five years the annualized figures are +12.07% and +12.35% respectively. Across the full 20-year window we track, IWV has the edge at +7.22% annualized vs +7.05%. 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.92. 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 VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, IWV currently yields 0.87% against 2.86% for VYM.
Holdings Overlap
IWV and VYM share 371 holdings out of 1857 unique holdings combined, representing a 29.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IWV | Weight in VYM | Difference |
|---|---|---|---|
| AVGO | 2.39% | 6.47% | 4.08% |
| JPM:US | 1.24% | 3.36% | 2.12% |
| XOM | 0.78% | 2.83% | 2.05% |
| JNJ | Pro | Pro | Pro |
| WMT | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
| PG | Pro | Pro | Pro |
| HD | Pro | Pro | Pro |
| CAT | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings IWV shares with VYM 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 VYM?
IWV has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, IWV or VYM?
Over the past year IWV returned +22.77% vs +25.56% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), IWV annualized +7.22% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, IWV or VYM?
IWV has been the more volatile fund at 15.6% annualized versus 14.6% for VYM. Worst drawdown: IWV -56.7% vs VYM -58.8%.
Should I hold both IWV and VYM?
IWV and VYM have a monthly-return correlation of 0.92, 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 VYM?
IWV and VYM share 371 common holdings with a 29.6% weight overlap. Combined, they hold 1857 unique securities.
Which pays a higher dividend, IWV or VYM?
IWV yields 0.87% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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