EWK vs IVV
iShares MSCI Belgium 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 | EWK | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.03% | |
| AUM | $162M | $865.2B | |
| Dividend Yield | 1.82% | 1.09% | |
| Holdings | 43 | 508 | |
| YTD Return | +10.44% | +13.72% | |
| 1Y Return | +20.19% | +21.64% | |
| 3Y Return (annualized) | +15.62% | +21.55% | |
| 5Y Return (annualized) | +6.42% | +13.27% | |
| Volatility (annualized) | 20.7% | 15.1% | |
| Max Drawdown | -76.5% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | May 15, 2000 |
EWK vs IVV Performance
iShares MSCI Belgium ETF (EWK) is a ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EWK returned +20.19% while IVV returned +21.64%. Year to date, EWK is up 10.44% versus a gain of 13.72% for IVV.
Over three years, EWK compounded at +15.62% per year against +21.55% for IVV; over five years the annualized figures are +6.42% and +13.27% respectively. Across the full 26-year window we track, IVV has the edge at +7.04% annualized vs +2.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWK has been the more volatile fund, with annualized monthly volatility of 20.7% 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 -76.5% for EWK 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWK charges 0.49% per year while IVV charges 0.03%. On a $10,000 position that is $49 vs $3 annually, a gap of $46 per year that compounds over a long holding period. On income, EWK currently yields 1.82% against 1.09% for IVV.
Holdings Overlap
EWK and IVV share 1 holdings out of 543 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EWK | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.07% | 0.15% | 0.08% |
Frequently Asked Questions
Which is cheaper, EWK or IVV?
EWK has an expense ratio of 0.49% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, EWK or IVV?
Over the past year EWK returned +20.19% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), EWK annualized +2.46% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EWK or IVV?
EWK has been the more volatile fund at 20.7% annualized versus 15.1% for IVV. Worst drawdown: EWK -76.5% vs IVV -56.5%.
Should I hold both EWK and IVV?
EWK and IVV have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWK and IVV?
EWK and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, EWK or IVV?
EWK yields 1.82% while IVV yields 1.09%, so EWK currently pays the higher dividend yield.
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