IVV vs IYW
iShares Core S&P 500 ETF vs iShares US Technology ETF
Which is better, IVV or IYW?
Large Cap Blend against Large Cap Growth.
IVV has a lower expense ratio. IYW led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 64.7%.
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 | IYW |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.38% |
| AUM | $876.4B | $24.7B |
| Dividend Yield | 1.06% | 0.10% |
| Holdings | 508 | 153 |
| YTD Return | +12.51% | +26.78%Best |
| 1Y Return | +17.57% | +34.94%Best |
| 3Y Return (annualized) | +21.27% | +32.83%Best |
| 5Y Return (annualized) | +12.95% | +19.26%Best |
| Volatility (annualized) | 15.1%Best | 24.5% |
| Max Drawdown | -56.5%Best | -81.9% |
| $10,000 over 5 years | $18,384 | $24,125Best |
| Top 10 Weight | 37.9%Best | 64.7% |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | May 15, 2000 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: May 19, 2000 to Sep 11, 2026 (26.3 years).
IVV vs IYW 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 IYW Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and iShares US Technology ETF (IYW) is an ETF from iShares by BlackRock (US). Over the past year IVV returned +17.57% while IYW returned +34.94%. Year to date, IVV is up 12.51% versus a gain of 26.78% for IYW.
Over three years, IVV compounded at +21.27% per year against +32.83% for IYW; over five years the annualized figures are +12.95% and +19.26% respectively. Across the full 26-year window we track, IYW has the edge at +8.88% annualized vs +6.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYW has been the more volatile fund, with annualized monthly volatility of 24.5% 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 what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.10% for IYW.
Holdings Overlap
43.6% of IVV's money is in holdings IYW also owns. 94.1% of IYW's money is in holdings IVV also owns.
Most of IYW is already inside IVV. Owning both mostly buys the same companies twice.
65 positions in common, counted across the 505 positions we hold weights for in IVV and 150 in IYW, against full books of 508 and 153.
What only one of them owns
Our book lists 81 positions for IYW that do not appear in our book for IVV (5.5% of the fund), and 430 for IVV that do not appear in IYW (55.8%).
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 IYW | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 7.98% | 14.12% | 6.14% |
| AAPLApple, Inc | 6.86% | 12.54% | 5.68% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.44% | 10.61% | 5.17% |
| GOOGLAlphabet A Usd 0.001 | 3.19% | 5.96% | 2.77% |
| AVGOBroadcom Inc | 2.98% | 4.71% | 1.73% |
| GOOGAlphabet Inc | 2.56% | 4.83% | 2.27% |
| METAMeta Platforms, Inc. | 1.94% | 3.80% | 1.86% |
| MUMicron Technology, Inc. | 1.51% | 3.05% | 1.54% |
| AMDAdvanced Micro Devices Inc. | 1.18% | 2.93% | 1.75% |
| INTCIntel Corp. | 0.72% | 2.19% | 1.47% |
94.1% of IYW 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 IYW?
IVV has an expense ratio of 0.03% while IYW charges 0.38%. IVV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, IVV or IYW?
Over the past year IVV returned +17.57% vs +34.94% for IYW, so IYW leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.97% vs +8.88% for IYW. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or IYW?
IYW has been the more volatile fund at 24.5% 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 their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between IVV and IYW?
94.1% of IYW's money is in holdings IVV also owns. 94.1% of IYW's is in holdings IVV also owns. They hold 65 positions in common, counted across the 505 positions we hold weights for in IVV and 150 in IYW.
Which pays a higher dividend, IVV or IYW?
IVV yields 1.06% while IYW yields 0.10%, so IVV currently pays the higher dividend yield.
Is IYW better than IVV?
IVV has a lower expense ratio. IYW led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 64.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.