EDOW vs IVV
First Trust Dow 30 Equal Weight 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 | EDOW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $311M | $865.2B | |
| Dividend Yield | 1.22% | 1.09% | |
| Holdings | 31 | 508 | |
| YTD Return | +12.49% | +13.72% | |
| 1Y Return | +21.18% | +21.64% | |
| 3Y Return (annualized) | +16.57% | +21.55% | |
| 5Y Return (annualized) | +9.99% | +13.27% | |
| Volatility (annualized) | 15.5% | 15.1% | |
| Max Drawdown | -33.7% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 8, 2017 | May 15, 2000 |
EDOW vs IVV Performance
First Trust Dow 30 Equal Weight ETF (EDOW) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EDOW returned +21.18% while IVV returned +21.64%. Year to date, EDOW is up 12.49% versus a gain of 13.72% for IVV.
Over three years, EDOW compounded at +16.57% per year against +21.55% for IVV; over five years the annualized figures are +9.99% and +13.27% respectively. Across the full 9-year window we track, EDOW has the edge at +10.98% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDOW has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -33.7% for EDOW 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EDOW charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, EDOW currently yields 1.22% against 1.09% for IVV.
Holdings Overlap
EDOW and IVV share 30 holdings out of 505 unique holdings combined, representing a 27.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EDOW or IVV?
EDOW has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, EDOW or IVV?
Over the past year EDOW returned +21.18% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (9 years), EDOW annualized +10.98% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EDOW or IVV?
EDOW has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: EDOW -33.7% vs IVV -56.5%.
Should I hold both EDOW and IVV?
EDOW and IVV 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 EDOW and IVV?
EDOW and IVV share 30 common holdings with a 27.8% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, EDOW or IVV?
EDOW yields 1.22% while IVV yields 1.09%, so EDOW currently pays the higher dividend yield.
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