EWA vs IVV
iShares MSCI Australia ETF vs iShares Core S&P 500 ETF
Which is better, EWA or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 65.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EWA | IVV |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $1.3B | $876.4B |
| Dividend Yield | 2.83% | 1.06% |
| Holdings | 54 | 508 |
| YTD Return | +11.25% | +14.15%Best |
| 1Y Return | +11.26% | +17.31%Best |
| 3Y Return (annualized) | +14.13% | +23.17%Best |
| 5Y Return (annualized) | +7.31% | +13.85%Best |
| Volatility (annualized) | 21.8% | 15.1%Best |
| Max Drawdown | -69.7% | -56.5%Best |
| $10,000 over 5 years | $14,230 | $19,128Best |
| Top 10 Weight | 65.3% | 37.8%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 12, 1996 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 21, 2026 (26.3 years).
EWA vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.3 years both funds cover.
EWA vs IVV Performance
iShares MSCI Australia ETF (EWA) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year EWA returned +11.26% while IVV returned +17.31%. Year to date, EWA is up 11.25% versus a gain of 14.15% for IVV.
Over three years, EWA compounded at +14.13% per year against +23.17% for IVV; over five years the annualized figures are +7.31% and +13.85% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs +5.23%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWA has been the more volatile fund, with annualized monthly volatility of 21.8% 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 -69.7% for EWA and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWA 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, EWA currently yields 2.83% against 1.06% for IVV.
Holdings Overlap
0.1% of IVV's money is in holdings EWA also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 43 positions we hold weights for in EWA and 490 in IVV, against full books of 54 and 508.
What only one of them owns
Our book lists 481 positions for IVV that do not appear in our book for EWA (98.5% of the fund), and 0 for EWA that do not appear in IVV (0.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in EWA | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.03% | 0.15% | 0.12% |
You are not choosing between two funds in isolation.
Whichever of EWA and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EWA or IVV?
EWA has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, EWA or IVV?
Over the past year EWA returned +11.26% vs +17.31% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), EWA annualized +5.23% vs +7.02% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EWA or IVV?
EWA has been the more volatile fund at 21.8% annualized versus 15.1% for IVV. Worst drawdown: EWA -69.7% vs IVV -56.5%.
Should I hold both EWA and IVV?
EWA and IVV have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EWA or IVV?
EWA yields 2.83% while IVV yields 1.06%, so EWA currently pays the higher dividend yield.
Is IVV better than EWA?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 65.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.