IVV vs IWV
iShares Core S&P 500 ETF vs iShares Russell 3000 ETF
Which is better, IVV or IWV?
Nearly the same fund. IVV costs less.
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, IWV over the full window. The two have moved almost in lockstep, correlation 0.99. IWV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.9%.
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 | IWV |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $20.2B |
| Dividend Yield | 1.06% | 0.85% |
| Holdings | 508 | 2,596 |
| YTD Return | +12.51%Best | +12.39% |
| 1Y Return | +17.57%Best | +16.88% |
| 3Y Return (annualized) | +21.27%Best | +20.63% |
| 5Y Return (annualized) | +12.95%Best | +11.78% |
| Volatility (annualized) | 15.1%Best | 15.6% |
| Max Drawdown | -56.5%Best | -56.7% |
| $10,000 over 5 years | $18,384Best | $17,451 |
| Top 10 Weight | 37.9% | 33.5%Best |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | May 22, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 26, 2000 to Sep 11, 2026 (26.3 years).
IVV vs IWV 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 IWV Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Russell 3000 ETF (IWV) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while IWV returned +16.88%. Year to date, IVV is up 12.51% versus a gain of 12.39% for IWV.
Over three years, IVV compounded at +21.27% per year against +20.63% for IWV; over five years the annualized figures are +12.95% and +11.78% respectively. Across the full 26-year window we track, IWV has the edge at +7.16% annualized vs +7.06%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -56.7% for IWV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. 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 IWV charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.85% for IWV.
Holdings Overlap
98.9% of IVV's money is in holdings IWV also owns. 87.5% of IWV's money is in holdings IVV also owns.
Most of IVV is already inside IWV. Owning both mostly buys the same companies twice.
493 positions in common, counted across the 505 positions we hold weights for in IVV and 2,574 in IWV, against full books of 508 and 2,596.
What only one of them owns
Our book lists 676 positions for IWV that do not appear in our book for IVV (10.1% of the fund), and 6 for IVV that do not appear in IWV (0.6%).
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 IWV | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 6.62% | 1.36% |
| AAPLApple, Inc | 6.86% | 5.99% | 0.87% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 4.91% | 0.53% |
| AMZNAmazon.Com Inc | 4.01% | 3.61% | 0.40% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 2.95% | 0.24% |
| AVGOBroadcom Inc | 2.98% | 2.61% | 0.37% |
| GOOGAlphabet Inc | 2.56% | 2.39% | 0.17% |
| METAMeta Platforms, Inc. | 1.94% | 1.73% | 0.21% |
| MUMicron Technology, Inc. | 1.51% | 1.35% | 0.16% |
| JPMJpmorgan Chase & Co. | 1.45% | 1.28% | 0.17% |
98.9% of IVV is already inside IWV.
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 IWV?
IVV has an expense ratio of 0.03% while IWV charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or IWV?
Over the past year IVV returned +17.57% vs +16.88% for IWV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +7.06% vs +7.16% for IWV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IWV?
IWV has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IWV -56.7%.
Should I hold both IVV and IWV?
IVV and IWV have a monthly-return correlation of 0.99, 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 IWV?
98.9% of IVV's money is in holdings IWV also owns. 87.5% of IWV's is in holdings IVV also owns. They hold 493 positions in common, counted across the 505 positions we hold weights for in IVV and 2,574 in IWV.
Which pays a higher dividend, IVV or IWV?
IVV yields 1.06% while IWV yields 0.85%, so IVV currently pays the higher dividend yield.
Is IWV better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y and 5Y, IWV over the full window. The two have moved almost in lockstep, correlation 0.99. IWV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.