IVV vs IWMI
iShares Core S&P 500 ETF vs NEOS Russell 2000 High Income ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | IWMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.68% | |
| AUM | $865.2B | $1.1B | |
| Dividend Yield | 1.09% | 13.25% | |
| Holdings | 508 | 4 | |
| YTD Return | +14.50% | +8.98% | |
| 1Y Return | +22.02% | +17.85% | |
| 3Y Return (annualized) | +21.80% | - | |
| 5Y Return (annualized) | +13.37% | - | |
| Volatility (annualized) | 15.1% | 13.6% | |
| Max Drawdown | -56.5% | -23.9% | |
| Fund Family | iShares by BlackRock (US) | NEOS | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 25, 2024 |
IVV vs IWMI Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and NEOS Russell 2000 High Income ETF (IWMI) is a ETF from NEOS. Over the past year IVV returned +22.02% while IWMI returned +17.85%. Year to date, IVV is up 14.50% versus a gain of 8.98% for IWMI.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.6% for IWMI. 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 -23.9% for IWMI. 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IWMI charges 0.68%. On a $10,000 position that is $3 vs $68 annually, a gap of $65 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 13.25% for IWMI.
Holdings Overlap
IVV and IWMI share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or IWMI?
IVV has an expense ratio of 0.03% while IWMI charges 0.68%. IVV is the cheaper option. On a $10,000 investment, that is $65 per year of difference.
Which performed better, IVV or IWMI?
Over the past year IVV returned +22.02% vs +17.85% for IWMI, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.07% vs +14.32% for IWMI. Past performance does not guarantee future results.
Which is riskier, IVV or IWMI?
IVV has been the more volatile fund at 15.1% annualized versus 13.6% for IWMI. Worst drawdown: IVV -56.5% vs IWMI -23.9%.
Should I hold both IVV and IWMI?
IVV and IWMI have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IWMI?
IVV and IWMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or IWMI?
IVV yields 1.09% while IWMI yields 13.25%, so IWMI currently pays the higher dividend yield.
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