IVV vs IWN
iShares Core S&P 500 ETF vs iShares Russell 2000 Value ETF
Quick Verdict
IVV has a lower expense ratio. IWN delivered stronger 1-year returns. IWN offers more diversification with 1,408 holdings.
Side-by-Side Comparison
| Metric | IVV | IWN | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.24% | |
| AUM | $907.0B | $14.7B | |
| Dividend Yield | 1.10% | 1.44% | |
| Holdings | 508 | 1,408 | |
| YTD Return | +12.71% | +23.72% | |
| 1Y Return | +21.89% | +37.44% | |
| 3Y Return (annualized) | +22.08% | +19.15% | |
| 5Y Return (annualized) | +12.96% | +9.13% | |
| Volatility (annualized) | 15.1% | 19.6% | |
| Max Drawdown | -56.5% | -62.9% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jul 24, 2000 |
IVV vs IWN Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Russell 2000 Value ETF (IWN) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.89% while IWN returned +37.44%. Year to date, IVV is up 12.71% versus a gain of 23.72% for IWN.
Over three years, IVV compounded at +22.08% per year against +19.15% for IWN; over five years the annualized figures are +12.96% and +9.13% respectively. Across the full 26-year window we track, IWN has the edge at +7.92% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWN has been the more volatile fund, with annualized monthly volatility of 19.6% 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 -62.9% for IWN. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IWN charges 0.24%. On a $10,000 position that is $3 vs $24 annually, a gap of $21 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.44% for IWN.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or IWN?
IVV has an expense ratio of 0.03% while IWN charges 0.24%. IVV is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, IVV or IWN?
Over the past year IVV returned +21.89% vs +37.44% for IWN, so IWN leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.00% vs +7.92% for IWN. Past performance does not guarantee future results.
Which is riskier, IVV or IWN?
IWN has been the more volatile fund at 19.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IWN -62.9%.
Should I hold both IVV and IWN?
IVV and IWN have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IWN?
IVV and IWN share 2 common holdings with a 0.1% weight overlap. Combined, they hold 1737 unique securities.
Which pays a higher dividend, IVV or IWN?
IVV yields 1.10% while IWN yields 1.44%, so IWN currently pays the higher dividend yield.
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