IVV vs IWY
iShares Core S&P 500 ETF vs iShares Russell Top 200 Growth ETF
Which is better, IVV or IWY?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y and 5Y, IWY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 61.9%.
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 | IWY |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $876.4B | $15.7B |
| Dividend Yield | 1.06% | 0.35% |
| Holdings | 508 | 105 |
| YTD Return | +11.03%Best | +2.79% |
| 1Y Return | +15.62%Best | +5.22% |
| 3Y Return (annualized) | +20.81% | +21.47%Best |
| 5Y Return (annualized) | +12.61%Best | +12.52% |
| Volatility (annualized) | 14.4%Best | 16.0% |
| Max Drawdown | -33.9% | -32.7%Best |
| $10,000 over 5 years | $18,109Best | $18,036 |
| Top 10 Weight | 37.8%Best | 61.9% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | Sep 22, 2009 |
Volatility and max drawdown are measured over the window both funds cover: Sep 28, 2009 to Sep 16, 2026 (17 years).
IVV vs IWY 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 IWY Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares Russell Top 200 Growth ETF (IWY) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +15.62% while IWY returned +5.22%. Year to date, IVV is up 11.03% versus a gain of 2.79% for IWY.
Over three years, IVV compounded at +20.81% per year against +21.47% for IWY; over five years the annualized figures are +12.61% and +12.52% respectively. Across the full 17-year window we track, IWY has the edge at +15.60% annualized vs +12.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWY has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 14.4% 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 -33.9% for IVV and -32.7% for IWY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 IWY 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 0.35% for IWY.
Holdings Overlap
61.9% of IVV's money is in holdings IWY also owns. 98.9% of IWY's money is in holdings IVV also owns.
Most of IWY is already inside IVV. Owning both mostly buys the same companies twice.
95 positions in common, counted across the 490 positions we hold weights for in IVV and 102 in IWY, against full books of 508 and 105.
What only one of them owns
Our book lists 6 positions for IWY that do not appear in our book for IVV (1.0% of the fund), and 387 for IVV that do not appear in IWY (36.7%).
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 IWY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.07% | 15.83% | 7.76% |
| AAPLApple, Inc | 7.02% | 7.92% | 0.90% |
| MSFTMicrosoft Corp | 5.69% | 6.28% | 0.59% |
| GOOGLAlphabet Inc,class A | 3.00% | 6.13% | 3.13% |
| AVGOBroadcom Inc | 2.65% | 5.60% | 2.95% |
| GOOGAlphabet Inc | 2.39% | 4.94% | 2.55% |
| MUMicron Technology, Inc. | 1.63% | 4.10% | 2.47% |
| METAMeta Platforms Inc | 1.90% | 3.78% | 1.88% |
| TSLATesla Inc | 1.56% | 4.06% | 2.50% |
| LLYEli Lilly & Co. | 1.38% | 3.27% | 1.89% |
98.9% of IWY 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 IWY?
IVV has an expense ratio of 0.03% while IWY charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or IWY?
Over the past year IVV returned +15.62% vs +5.22% for IWY, so IVV leads on 1-year performance. Over the longest common window we track (17 years), IVV annualized +12.76% vs +15.60% for IWY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IWY?
IWY has been the more volatile fund at 16.0% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs IWY -32.7%.
Should I hold both IVV and IWY?
IVV and IWY have a monthly-return correlation of 0.94, 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 IWY?
98.9% of IWY's money is in holdings IVV also owns. 98.9% of IWY's is in holdings IVV also owns. They hold 95 positions in common, counted across the 490 positions we hold weights for in IVV and 102 in IWY.
Which pays a higher dividend, IVV or IWY?
IVV yields 1.06% while IWY yields 0.35%, so IVV currently pays the higher dividend yield.
Is IWY better than IVV?
IVV has a lower expense ratio. IVV led over 1Y and 5Y, IWY over 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 61.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.