AWEG vs IVV
Alger Weatherbie Enduring Growth 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 508 holdings.
Side-by-Side Comparison
| Metric | AWEG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $5M | $907.0B | |
| Dividend Yield | 3.70% | 1.10% | |
| Holdings | 25 | 508 | |
| YTD Return | -7.16% | +12.71% | |
| 1Y Return | -9.92% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 18.1% | 15.1% | |
| Max Drawdown | -27.0% | -56.5% | |
| Fund Family | Alger | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 6, 2023 | May 15, 2000 |
AWEG vs IVV Performance
Alger Weatherbie Enduring Growth ETF (AWEG) is a ETF from Alger and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AWEG returned -9.92% while IVV returned +21.89%. Year to date, AWEG is down 7.16% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
AWEG has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 15.1% for IVV. 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 -27.0% for AWEG 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
AWEG charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, AWEG currently yields 3.70% against 1.10% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, AWEG or IVV?
AWEG has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, AWEG or IVV?
Over the past year AWEG returned -9.92% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), AWEG annualized +7.07% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, AWEG or IVV?
AWEG has been the more volatile fund at 18.1% annualized versus 15.1% for IVV. Worst drawdown: AWEG -27.0% vs IVV -56.5%.
Should I hold both AWEG and IVV?
AWEG and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AWEG and IVV?
AWEG and IVV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, AWEG or IVV?
AWEG yields 3.70% while IVV yields 1.10%, so AWEG currently pays the higher dividend yield.
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