IEV vs IVV
iShares Europe ETF vs iShares Core S&P 500 ETF
Which is better, IEV or IVV?
Large Cap Value against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IEV is less concentrated, with 20.9% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IEV | IVV |
|---|---|---|
| Expense Ratio | 0.60% | 0.03%Best |
| AUM | $1.7B | $876.4B |
| Dividend Yield | 2.71% | 1.06% |
| Holdings | 372 | 508 |
| YTD Return | +7.01% | +11.57%Best |
| 1Y Return | +16.76% | +17.57%Best |
| 3Y Return (annualized) | +17.13% | +20.71%Best |
| 5Y Return (annualized) | +9.22% | +12.80%Best |
| Volatility (annualized) | 18.2% | 15.1%Best |
| Max Drawdown | -65.6% | -56.5%Best |
| $10,000 over 5 years | $15,542 | $18,262Best |
| Top 10 Weight | 20.9%Best | 37.9% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 25, 2000 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Jul 28, 2000 to Sep 10, 2026 (26.1 years).
IEV vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 26.1 years both funds cover.
IEV vs IVV Performance
iShares Europe ETF (IEV) is an ETF from iShares by BlackRock (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year IEV returned +16.76% while IVV returned +17.57%. Year to date, IEV is up 7.01% versus a gain of 11.57% for IVV.
Over three years, IEV compounded at +17.13% per year against +20.71% for IVV; over five years the annualized figures are +9.22% and +12.80% respectively. Across the full 26-year window we track, IVV has the edge at +6.95% annualized vs +3.14%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IEV has been the more volatile fund, with annualized monthly volatility of 18.2% 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 -65.6% for IEV and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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
IEV charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, IEV currently yields 2.71% against 1.06% for IVV.
Holdings Overlap
3.0% of IEV's money is in holdings IVV also owns. 0.8% of IVV's money is in holdings IEV also owns.
IEV and IVV share little of their money.
5 positions in common, counted across the 361 positions we hold weights for in IEV and 505 in IVV, against full books of 372 and 508.
What only one of them owns
Our book lists 491 positions for IVV that do not appear in our book for IEV (98.6% of the fund), and 6 for IEV that do not appear in IVV (3.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IEV and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IEV or IVV?
IEV has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, IEV or IVV?
Over the past year IEV returned +16.76% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IEV annualized +3.14% vs +6.95% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IEV or IVV?
IEV has been the more volatile fund at 18.2% annualized versus 15.1% for IVV. Worst drawdown: IEV -65.6% vs IVV -56.5%.
Should I hold both IEV and IVV?
IEV and IVV have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IEV and IVV?
3.0% of IEV's money is in holdings IVV also owns. 0.8% of IVV's is in holdings IEV also owns. They hold 5 positions in common, counted across the 361 positions we hold weights for in IEV and 505 in IVV.
Which pays a higher dividend, IEV or IVV?
IEV yields 2.71% while IVV yields 1.06%, so IEV currently pays the higher dividend yield.
Is IVV better than IEV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IEV is less concentrated, with 20.9% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.