IVV vs IVW
iShares Core S&P 500 ETF vs iShares S&P 500 Growth ETF
Quick Verdict
IVV has a lower expense ratio. IVW delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | IVW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.18% | |
| AUM | $907.0B | $78.0B | |
| Dividend Yield | 1.10% | 0.37% | |
| Holdings | 508 | 152 | |
| YTD Return | +12.28% | +12.39% | |
| 1Y Return | +20.94% | +22.28% | |
| 3Y Return (annualized) | +21.81% | +26.19% | |
| 5Y Return (annualized) | +13.05% | +13.28% | |
| Volatility (annualized) | 15.1% | 16.2% | |
| Max Drawdown | -56.5% | -72.1% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 22, 2000 |
IVV vs IVW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares S&P 500 Growth ETF (IVW) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +20.94% while IVW returned +22.28%. Year to date, IVV is up 12.28% versus a gain of 12.39% for IVW.
Over three years, IVV compounded at +21.81% per year against +26.19% for IVW; over five years the annualized figures are +13.05% and +13.28% respectively. Across the full 26-year window we track, IVW has the edge at +7.75% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVW has been the more volatile fund, with annualized monthly volatility of 16.2% 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 -56.5% for IVV and -72.1% for IVW. 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while IVW charges 0.18%. On a $10,000 position that is $3 vs $18 annually, a gap of $15 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.37% for IVW.
Holdings Overlap
IVV and IVW share 144 holdings out of 510 unique holdings combined, representing a 63.5% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, IVV or IVW?
IVV has an expense ratio of 0.03% while IVW charges 0.18%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, IVV or IVW?
Over the past year IVV returned +20.94% vs +22.28% for IVW, so IVW leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs +7.75% for IVW. Past performance does not guarantee future results.
Which is riskier, IVV or IVW?
IVW has been the more volatile fund at 16.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IVW -72.1%.
Should I hold both IVV and IVW?
IVV and IVW have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and IVW?
IVV and IVW share 144 common holdings with a 63.5% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, IVV or IVW?
IVV yields 1.10% while IVW yields 0.37%, so IVV currently pays the higher dividend yield.
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