IVV vs IWD
iShares Core S&P 500 ETF vs iShares Russell 1000 Value ETF
Which is better, IVV or IWD?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, IWD over 1Y. The two have moved almost in lockstep, correlation 0.94. IWD is less concentrated, with 28.6% of the fund in its ten largest positions against 37.8%.
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 | IVV | IWD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.18% |
| AUM | $876.4B | $83.6B |
| Dividend Yield | 1.06% | 1.36% |
| Holdings | 508 | 874 |
| YTD Return | +11.51% | +20.73%Best |
| 1Y Return | +15.96% | +27.66%Best |
| 3Y Return (annualized) | +21.01%Best | +19.42% |
| 5Y Return (annualized) | +12.66%Best | +11.70% |
| Volatility (annualized) | 15.1%Tie | 15.1%Tie |
| Max Drawdown | -56.5%Best | -61.9% |
| $10,000 over 5 years | $18,149Best | $17,389 |
| Top 10 Weight | 37.8% | 28.6%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | May 22, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2000 to Sep 15, 2026 (26.3 years).
IVV vs IWD 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 26.3 years both funds cover.
IVV vs IWD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Russell 1000 Value ETF (IWD) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +15.96% while IWD returned +27.66%. Year to date, IVV is up 11.51% versus a gain of 20.73% for IWD.
Over three years, IVV compounded at +21.01% per year against +19.42% for IWD; over five years the annualized figures are +12.66% and +11.70% respectively. Across the full 26-year window we track, IVV has the edge at +7.02% annualized vs +6.38%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV and IWD have been equally volatile, both at 15.1% annualized.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -61.9% for IWD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 IWD 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 1.06% against 1.36% for IWD.
Holdings Overlap
62.6% of IVV's money is in holdings IWD also owns. 87.7% of IWD's money is in holdings IVV also owns.
Most of IWD is already inside IVV. Owning both mostly buys the same companies twice.
384 positions in common, counted across the 490 positions we hold weights for in IVV and 757 in IWD, against full books of 508 and 874.
What only one of them owns
Our book lists 311 positions for IWD that do not appear in our book for IVV (9.3% of the fund), and 100 for IVV that do not appear in IWD (36.0%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IWD | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.02% | 5.57% | 1.45% |
| MSFTMicrosoft Corp | 5.69% | 5.00% | 0.69% |
| AMZNAmazon.Com Inc | 3.84% | 6.13% | 2.29% |
| JPMJpmorgan Chase | 1.44% | 2.53% | 1.09% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.39% | 2.49% | 1.10% |
| XOMExxon Mobil Corp. | 1.01% | 1.78% | 0.77% |
| JNJJohnson & Johnson - Common | 0.97% | 1.70% | 0.73% |
| METAMeta Platforms Inc | 1.90% | 0.61% | 1.29% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.66% | 1.16% | 0.50% |
| WMTWalmart, Inc. | 0.69% | 1.12% | 0.43% |
87.7% of IWD is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or IWD?
IVV has an expense ratio of 0.03% while IWD charges 0.18%. IVV is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, IVV or IWD?
Over the past year IVV returned +15.96% vs +27.66% for IWD, so IWD leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.02% vs +6.38% for IWD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IWD?
IVV and IWD have been equally volatile, both at 15.1% annualized. Worst drawdown: IVV -56.5% vs IWD -61.9%.
Should I hold both IVV and IWD?
IVV and IWD have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IVV and IWD?
87.7% of IWD's money is in holdings IVV also owns. 87.7% of IWD's is in holdings IVV also owns. They hold 384 positions in common, counted across the 490 positions we hold weights for in IVV and 757 in IWD.
Which pays a higher dividend, IVV or IWD?
IVV yields 1.06% while IWD yields 1.36%, so IWD currently pays the higher dividend yield.
Is IWD better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, IWD over 1Y. The two have moved almost in lockstep, correlation 0.94. IWD is less concentrated, with 28.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.