IVV vs IYW
iShares Core S&P 500 ETF vs iShares US Technology ETF
Quick Verdict
IVV has a lower expense ratio. IYW delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | IYW | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.38% | |
| AUM | $907.0B | $25.8B | |
| Dividend Yield | 1.10% | 0.11% | |
| Holdings | 508 | 153 | |
| YTD Return | +12.28% | +23.55% | |
| 1Y Return | +20.94% | +37.84% | |
| 3Y Return (annualized) | +21.81% | +32.70% | |
| 5Y Return (annualized) | +13.05% | +19.02% | |
| Volatility (annualized) | 15.1% | 24.6% | |
| Max Drawdown | -56.5% | -81.9% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 15, 2000 |
IVV vs IYW Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares US Technology ETF (IYW) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +20.94% while IYW returned +37.84%. Year to date, IVV is up 12.28% versus a gain of 23.55% for IYW.
Over three years, IVV compounded at +21.81% per year against +32.70% for IYW; over five years the annualized figures are +13.05% and +19.02% respectively. Across the full 26-year window we track, IYW has the edge at +8.80% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYW has been the more volatile fund, with annualized monthly volatility of 24.6% 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 -81.9% for IYW. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while IYW charges 0.38%. On a $10,000 position that is $3 vs $38 annually, a gap of $35 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.11% for IYW.
Holdings Overlap
IVV and IYW share 65 holdings out of 590 unique holdings combined, representing a 42.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or IYW?
IVV has an expense ratio of 0.03% while IYW charges 0.38%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, IVV or IYW?
Over the past year IVV returned +20.94% vs +37.84% for IYW, so IYW leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs +8.80% for IYW. Past performance does not guarantee future results.
Which is riskier, IVV or IYW?
IYW has been the more volatile fund at 24.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IYW -81.9%.
Should I hold both IVV and IYW?
IVV and IYW have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and IYW?
IVV and IYW share 65 common holdings with a 42.8% weight overlap. Combined, they hold 590 unique securities.
Which pays a higher dividend, IVV or IYW?
IVV yields 1.10% while IYW yields 0.11%, so IVV currently pays the higher dividend yield.
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