EWX vs IVV
State Street SPDR S&P Emerging Markets Small Cap ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. EWX offers more diversification with 3,452 holdings.
Side-by-Side Comparison
| Metric | EWX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $702M | $907.0B | |
| Dividend Yield | 2.73% | 1.10% | |
| Holdings | 3,452 | 508 | |
| YTD Return | +9.19% | +14.29% | |
| 1Y Return | +14.58% | +21.79% | |
| 3Y Return (annualized) | +13.27% | +22.19% | |
| 5Y Return (annualized) | +6.67% | +13.28% | |
| Volatility (annualized) | 21.4% | 15.1% | |
| Max Drawdown | -63.9% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 12, 2008 | May 15, 2000 |
EWX vs IVV Performance
State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) is a ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year EWX returned +14.58% while IVV returned +21.79%. Year to date, EWX is up 9.19% versus a gain of 14.29% for IVV.
Over three years, EWX compounded at +13.27% per year against +22.19% for IVV; over five years the annualized figures are +6.67% and +13.28% respectively. Across the full 18-year window we track, IVV has the edge at +7.06% annualized vs +2.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWX has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -63.9% for EWX 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWX charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, EWX currently yields 2.73% against 1.10% for IVV.
Holdings Overlap
EWX and IVV share 3 holdings out of 3777 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EWX or IVV?
EWX has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, EWX or IVV?
Over the past year EWX returned +14.58% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (18 years), EWX annualized +2.32% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, EWX or IVV?
EWX has been the more volatile fund at 21.4% annualized versus 15.1% for IVV. Worst drawdown: EWX -63.9% vs IVV -56.5%.
Should I hold both EWX and IVV?
EWX and IVV have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWX and IVV?
EWX and IVV share 3 common holdings with a 0.1% weight overlap. Combined, they hold 3777 unique securities.
Which pays a higher dividend, EWX or IVV?
EWX yields 2.73% while IVV yields 1.10%, so EWX currently pays the higher dividend yield.
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