EWV vs IVV
ProShares UltraShort MSCI Japan 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 | EWV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $6M | $865.2B | |
| Dividend Yield | 5.07% | 1.09% | |
| Holdings | 4 | 508 | |
| YTD Return | -32.97% | +13.43% | |
| 1Y Return | -42.29% | +22.61% | |
| 3Y Return (annualized) | -31.39% | +21.47% | |
| 5Y Return (annualized) | -19.20% | +13.26% | |
| Volatility (annualized) | 30.3% | 15.1% | |
| Max Drawdown | -99.3% | -56.5% | |
| Fund Family | ProShares | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | May 15, 2000 |
EWV vs IVV Performance
ProShares UltraShort MSCI Japan (EWV) is a ETF from ProShares and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EWV returned -42.29% while IVV returned +22.61%. Year to date, EWV is down 32.97% versus a gain of 13.43% for IVV.
Over three years, EWV compounded at -31.39% per year against +21.47% for IVV; over five years the annualized figures are -19.20% and +13.26% respectively. Across the full 19-year window we track, IVV has the edge at +7.03% annualized vs -19.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWV has been the more volatile fund, with annualized monthly volatility of 30.3% 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 -99.3% for EWV 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 -0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWV charges 0.95% per year while IVV charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, EWV currently yields 5.07% against 1.09% for IVV.
Frequently Asked Questions
Which is cheaper, EWV or IVV?
EWV has an expense ratio of 0.95% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, EWV or IVV?
Over the past year EWV returned -42.29% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (19 years), EWV annualized -19.93% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, EWV or IVV?
EWV has been the more volatile fund at 30.3% annualized versus 15.1% for IVV. Worst drawdown: EWV -99.3% vs IVV -56.5%.
Should I hold both EWV and IVV?
EWV and IVV have a monthly-return correlation of -0.67, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, EWV or IVV?
EWV yields 5.07% while IVV yields 1.09%, so EWV currently pays the higher dividend yield.
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