IVV vs IWMW
iShares Core S&P 500 ETF vs iShares Russell 2000 BuyWrite 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 | IVV | IWMW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $907.0B | $61M | |
| Dividend Yield | 1.10% | 21.12% | |
| Holdings | 508 | 4 | |
| YTD Return | +14.29% | +3.46% | |
| 1Y Return | +21.79% | +8.89% | |
| 3Y Return (annualized) | +22.19% | - | |
| 5Y Return (annualized) | +13.28% | - | |
| Volatility (annualized) | 15.1% | 12.3% | |
| Max Drawdown | -56.5% | -21.8% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Mar 14, 2024 |
IVV vs IWMW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Russell 2000 BuyWrite ETF (IWMW) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.79% while IWMW returned +8.89%. Year to date, IVV is up 14.29% versus a gain of 3.46% for IWMW.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.3% for IWMW. 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 -21.8% for IWMW. 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IWMW charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 21.12% for IWMW.
Holdings Overlap
IVV and IWMW share 1 holdings out of 506 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IWMW | Difference |
|---|---|---|---|
| XTSLA | 0.15% | 0.15% | 0.00% |
Frequently Asked Questions
Which is cheaper, IVV or IWMW?
IVV has an expense ratio of 0.03% while IWMW charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or IWMW?
Over the past year IVV returned +21.79% vs +8.89% for IWMW, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.06% vs +6.73% for IWMW. Past performance does not guarantee future results.
Which is riskier, IVV or IWMW?
IVV has been the more volatile fund at 15.1% annualized versus 12.3% for IWMW. Worst drawdown: IVV -56.5% vs IWMW -21.8%.
Should I hold both IVV and IWMW?
IVV and IWMW have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IWMW?
IVV and IWMW share 1 common holdings with a 0.1% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or IWMW?
IVV yields 1.10% while IWMW yields 21.12%, so IWMW currently pays the higher dividend yield.
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