GWX vs IVV
State Street SPDR S&P International Small Cap ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GWX delivered stronger 1-year returns. GWX offers more diversification with 2,076 holdings.
Side-by-Side Comparison
| Metric | GWX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $924M | $907.0B | |
| Dividend Yield | 2.76% | 1.10% | |
| Holdings | 2,076 | 508 | |
| YTD Return | +13.35% | +12.71% | |
| 1Y Return | +23.50% | +21.89% | |
| 3Y Return (annualized) | +18.41% | +22.08% | |
| 5Y Return (annualized) | +6.49% | +12.96% | |
| Volatility (annualized) | 19.2% | 15.1% | |
| Max Drawdown | -64.8% | -56.5% | |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Apr 20, 2007 | May 15, 2000 |
GWX vs IVV Performance
State Street SPDR S&P International Small Cap ETF (GWX) 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 GWX returned +23.50% while IVV returned +21.89%. Year to date, GWX is up 13.35% versus a gain of 12.71% for IVV.
Over three years, GWX compounded at +18.41% per year against +22.08% for IVV; over five years the annualized figures are +6.49% and +12.96% respectively. Across the full 19-year window we track, IVV has the edge at +7.00% annualized vs +2.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GWX has been the more volatile fund, with annualized monthly volatility of 19.2% 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 -64.8% for GWX 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GWX charges 0.40% per year while IVV charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, GWX currently yields 2.76% against 1.10% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, GWX or IVV?
GWX has an expense ratio of 0.40% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, GWX or IVV?
Over the past year GWX returned +23.50% vs +21.89% for IVV, so GWX leads on 1-year performance. Over the longest common window we track (19 years), GWX annualized +2.04% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GWX or IVV?
GWX has been the more volatile fund at 19.2% annualized versus 15.1% for IVV. Worst drawdown: GWX -64.8% vs IVV -56.5%.
Should I hold both GWX and IVV?
GWX and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GWX and IVV?
GWX and IVV share 2 common holdings with a 0.0% weight overlap. Combined, they hold 2530 unique securities.
Which pays a higher dividend, GWX or IVV?
GWX yields 2.76% while IVV yields 1.10%, so GWX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.