IVV vs IWX
iShares Core S&P 500 ETF vs iShares Russell Top 200 Value ETF
Which is better, IVV or IWX?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y and the full window, IWX over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.92. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 40.1%.
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 | IWX |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $4.0B |
| Dividend Yield | 1.06% | 1.36% |
| Holdings | 508 | 156 |
| YTD Return | +12.51% | +22.43%Best |
| 1Y Return | +17.57% | +30.26%Best |
| 3Y Return (annualized) | +21.27%Best | +20.52% |
| 5Y Return (annualized) | +12.95% | +12.96%Best |
| Volatility (annualized) | 14.4% | 13.8%Best |
| Max Drawdown | -33.9%Best | -35.8% |
| $10,000 over 5 years | $18,384 | $18,392Best |
| Top 10 Weight | 37.9%Best | 40.1% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Sep 22, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2009 to Sep 11, 2026 (17 years).
IVV vs IWX 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 17 years both funds cover.
IVV vs IWX Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Russell Top 200 Value ETF (IWX) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while IWX returned +30.26%. Year to date, IVV is up 12.51% versus a gain of 22.43% for IWX.
Over three years, IVV compounded at +21.27% per year against +20.52% for IWX; over five years the annualized figures are +12.95% and +12.96% respectively. Across the full 17-year window we track, IVV has the edge at +12.86% annualized vs +9.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 13.8% for IWX. 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 -33.9% for IVV and -35.8% for IWX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. 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 IWX 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 1.36% for IWX.
Holdings Overlap
52.1% of IVV's money is in holdings IWX also owns. 98.9% of IWX's money is in holdings IVV also owns.
Most of IWX is already inside IVV. Owning both mostly buys the same companies twice.
146 positions in common, counted across the 505 positions we hold weights for in IVV and 153 in IWX, against full books of 508 and 156.
What only one of them owns
Our book lists 5 positions for IWX that do not appear in our book for IVV (0.8% of the fund), and 349 for IVV that do not appear in IWX (47.3%).
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 IWX | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.86% | 7.55% | 0.69% |
| AMZNAmazon.Com Inc | 4.01% | 9.09% | 5.08% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 6.74% | 1.30% |
| BRK.BBerkshire Hathaway B | 1.43% | 3.55% | 2.12% |
| JPMJpmorgan Chase & Co. | 1.45% | 3.52% | 2.07% |
| XOMExxon Mobil Corp. | 0.94% | 2.36% | 1.42% |
| JNJJohnson & Johnson | 0.93% | 2.26% | 1.33% |
| METAMeta Platforms, Inc. | 1.94% | 0.87% | 1.07% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.72% | 1.77% | 1.05% |
| WMTWalmart, Inc. | 0.74% | 1.65% | 0.91% |
98.9% of IWX 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 IWX?
IVV has an expense ratio of 0.03% while IWX charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or IWX?
Over the past year IVV returned +17.57% vs +30.26% for IWX, so IWX leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.86% vs +9.97% for IWX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IWX?
IVV has been the more volatile fund at 14.4% annualized versus 13.8% for IWX. Worst drawdown: IVV -33.9% vs IWX -35.8%.
Should I hold both IVV and IWX?
IVV and IWX have a monthly-return correlation of 0.92, 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 IWX?
98.9% of IWX's money is in holdings IVV also owns. 98.9% of IWX's is in holdings IVV also owns. They hold 146 positions in common, counted across the 505 positions we hold weights for in IVV and 153 in IWX.
Which pays a higher dividend, IVV or IWX?
IVV yields 1.06% while IWX yields 1.36%, so IWX currently pays the higher dividend yield.
Is IWX better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, IWX over 1Y and 5Y. The two have moved almost in lockstep, correlation 0.92. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 40.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.