EWP vs IVV
iShares MSCI Spain ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. EWP delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EWP | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $2.1B | $865.2B | |
| Dividend Yield | 2.81% | 1.09% | |
| Holdings | 30 | 508 | |
| YTD Return | +16.64% | +13.72% | |
| 1Y Return | +36.54% | +21.64% | |
| 3Y Return (annualized) | +34.62% | +21.55% | |
| 5Y Return (annualized) | +20.92% | +13.27% | |
| Volatility (annualized) | 23.4% | 15.1% | |
| Max Drawdown | -73.7% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 12, 1996 | May 15, 2000 |
EWP vs IVV Performance
iShares MSCI Spain ETF (EWP) 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 EWP returned +36.54% while IVV returned +21.64%. Year to date, EWP is up 16.64% versus a gain of 13.72% for IVV.
Over three years, EWP compounded at +34.62% per year against +21.55% for IVV; over five years the annualized figures are +20.92% and +13.27% respectively. Across the full 26-year window we track, IVV has the edge at +7.04% annualized vs +5.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWP has been the more volatile fund, with annualized monthly volatility of 23.4% 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 -73.7% for EWP 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWP 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, EWP currently yields 2.81% against 1.09% for IVV.
Holdings Overlap
EWP and IVV share 1 holdings out of 528 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in EWP | Weight in IVV | Difference |
|---|---|---|---|
| XTSLA | 0.04% | 0.15% | 0.11% |
Frequently Asked Questions
Which is cheaper, EWP or IVV?
EWP 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, EWP or IVV?
Over the past year EWP returned +36.54% vs +21.64% for IVV, so EWP leads on 1-year performance. Over the longest common window we track (26 years), EWP annualized +5.73% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, EWP or IVV?
EWP has been the more volatile fund at 23.4% annualized versus 15.1% for IVV. Worst drawdown: EWP -73.7% vs IVV -56.5%.
Should I hold both EWP and IVV?
EWP and IVV have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWP and IVV?
EWP and IVV share 1 common holdings with a 0.0% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, EWP or IVV?
EWP yields 2.81% while IVV yields 1.09%, so EWP currently pays the higher dividend yield.
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