ALLW vs IVV
State Street Bridgewater All Weather ETF vs iShares Core S&P 500 ETF
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 | ALLW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $1.6B | $865.2B | |
| Dividend Yield | 4.40% | 1.09% | |
| Holdings | 44 | 508 | |
| YTD Return | +7.89% | +13.80% | |
| 1Y Return | +18.12% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 9.0% | 15.1% | |
| Max Drawdown | -8.8% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | Mar 5, 2025 | May 15, 2000 |
ALLW vs IVV Performance
State Street Bridgewater All Weather ETF (ALLW) is a ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ALLW returned +18.12% while IVV returned +23.70%. Year to date, ALLW is up 7.89% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 9.0% for ALLW. 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 -8.8% for ALLW and -56.5% for IVV. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ALLW charges 0.85% per year while IVV charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, ALLW currently yields 4.40% against 1.09% for IVV.
Holdings Overlap
ALLW and IVV share 0 holdings out of 528 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, ALLW or IVV?
ALLW has an expense ratio of 0.85% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, ALLW or IVV?
Over the past year ALLW returned +18.12% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), ALLW annualized +16.84% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, ALLW or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 9.0% for ALLW. Worst drawdown: ALLW -8.8% vs IVV -56.5%.
Should I hold both ALLW and IVV?
ALLW and IVV have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ALLW and IVV?
ALLW and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, ALLW or IVV?
ALLW yields 4.40% while IVV yields 1.09%, so ALLW currently pays the higher dividend yield.
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