EWI vs IVV
iShares MSCI Italy ETF vs iShares Core S&P 500 ETF
Which is better, EWI or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. EWI led over 1Y, 3Y and 5Y, IVV over the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 70.7%.
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 | EWI | IVV |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $1.1B | $886.7B |
| Dividend Yield | 3.04% | 1.10% |
| Holdings | 32 | 508 |
| YTD Return | +14.36%Best | +13.39% |
| 1Y Return | +26.17%Best | +20.08% |
| 3Y Return (annualized) | +29.43%Best | +21.29% |
| 5Y Return (annualized) | +17.73%Best | +12.88% |
| Volatility (annualized) | 23.2% | 15.1%Best |
| Max Drawdown | -75.1% | -56.5%Best |
| $10,000 over 5 years | $22,617Best | $18,327 |
| Top 10 Weight | 70.7% | 37.9%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | 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 4, 2026 (26.3 years).
EWI 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.
EWI vs IVV Performance
iShares MSCI Italy ETF (EWI) 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 EWI returned +26.17% while IVV returned +20.08%. Year to date, EWI is up 14.36% versus a gain of 13.39% for IVV.
Over three years, EWI compounded at +29.43% per year against +21.29% for IVV; over five years the annualized figures are +17.73% and +12.88% respectively. Across the full 26-year window we track, IVV has the edge at +7.01% annualized vs +2.00%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWI has been the more volatile fund, with annualized monthly volatility of 23.2% 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 -75.1% for EWI 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWI 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, EWI currently yields 3.04% against 1.10% for IVV.
Holdings Overlap
0.2% of IVV's money is in holdings EWI 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 26 positions we hold weights for in EWI and 504 in IVV, against full books of 32 and 508.
What only one of them owns
Our book lists 492 positions for IVV that do not appear in our book for EWI (99.0% of the fund), and 0 for EWI 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 EWI | Weight in IVV | Difference |
|---|---|---|---|
| XTSLABlackrock Cash Funds: Treasury, Sl Agency Shares | 0.03% | 0.18% | 0.15% |
You are not choosing between two funds in isolation.
Whichever of EWI 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, EWI or IVV?
EWI 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, EWI or IVV?
Over the past year EWI returned +26.17% vs +20.08% for IVV, so EWI leads on 1-year performance. Over the longest common window we track (26 years), EWI annualized +2.00% vs +7.01% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EWI or IVV?
EWI has been the more volatile fund at 23.2% annualized versus 15.1% for IVV. Worst drawdown: EWI -75.1% vs IVV -56.5%.
Should I hold both EWI and IVV?
EWI and IVV have a monthly-return correlation of 0.72, 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, EWI or IVV?
EWI yields 3.04% while IVV yields 1.10%, so EWI currently pays the higher dividend yield.
Is IVV better than EWI?
IVV has a lower expense ratio. EWI led over 1Y, 3Y and 5Y, IVV over the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 70.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.