IEV vs IVV
iShares Europe ETF 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 508 holdings.
Side-by-Side Comparison
| Metric | IEV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $1.7B | $907.0B | |
| Dividend Yield | 2.72% | 1.10% | |
| Holdings | 374 | 508 | |
| YTD Return | +10.43% | +12.28% | |
| 1Y Return | +19.39% | +20.94% | |
| 3Y Return (annualized) | +18.41% | +21.81% | |
| 5Y Return (annualized) | +9.92% | +13.05% | |
| Volatility (annualized) | 18.2% | 15.1% | |
| Max Drawdown | -65.6% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 25, 2000 | May 15, 2000 |
IEV vs IVV Performance
iShares Europe ETF (IEV) 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 IEV returned +19.39% while IVV returned +20.94%. Year to date, IEV is up 10.43% versus a gain of 12.28% for IVV.
Over three years, IEV compounded at +18.41% per year against +21.81% for IVV; over five years the annualized figures are +9.92% and +13.05% respectively. Across the full 26-year window we track, IVV has the edge at +6.98% annualized vs +3.27%. 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 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
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 2.72% against 1.10% for IVV.
Holdings Overlap
IEV and IVV share 4 holdings out of 862 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IEV or IVV?
Over the past year IEV returned +19.39% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IEV annualized +3.27% vs +6.98% for IVV. Past performance does not guarantee future results.
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 combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IEV and IVV?
IEV and IVV share 4 common holdings with a 0.3% weight overlap. Combined, they hold 862 unique securities.
Which pays a higher dividend, IEV or IVV?
IEV yields 2.72% while IVV yields 1.10%, so IEV currently pays the higher dividend yield.
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