IVV vs OPPJ
iShares Core S&P 500 ETF vs WisdomTree Japan Opportunities Fund
Quick Verdict
IVV has a lower expense ratio. OPPJ delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | OPPJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.58% | |
| AUM | $907.0B | $286M | |
| Dividend Yield | 1.10% | 1.13% | |
| Holdings | 508 | 103 | |
| YTD Return | +13.22% | +20.59% | |
| 1Y Return | +21.62% | +43.05% | |
| 3Y Return (annualized) | +22.17% | +30.94% | |
| 5Y Return (annualized) | +13.42% | +24.95% | |
| Volatility (annualized) | 15.1% | 14.8% | |
| Max Drawdown | -56.5% | -41.7% | |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 28, 2013 |
IVV vs OPPJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and WisdomTree Japan Opportunities Fund (OPPJ) is a ETF from WisdomTree Investments. Over the past year IVV returned +21.62% while OPPJ returned +43.05%. Year to date, IVV is up 13.22% versus a gain of 20.59% for OPPJ.
Over three years, IVV compounded at +22.17% per year against +30.94% for OPPJ; over five years the annualized figures are +13.42% and +24.95% respectively. Across the full 13-year window we track, OPPJ has the edge at +12.95% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.8% for OPPJ. 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 -41.7% for OPPJ. 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 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OPPJ charges 0.58%. On a $10,000 position that is $3 vs $58 annually, a gap of $55 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.13% for OPPJ.
Holdings Overlap
IVV and OPPJ share 0 holdings out of 593 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or OPPJ?
IVV has an expense ratio of 0.03% while OPPJ charges 0.58%. IVV is the cheaper option. On a $10,000 investment, that is $55 per year of difference.
Which performed better, IVV or OPPJ?
Over the past year IVV returned +21.62% vs +43.05% for OPPJ, so OPPJ leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.02% vs +12.95% for OPPJ. Past performance does not guarantee future results.
Which is riskier, IVV or OPPJ?
IVV has been the more volatile fund at 15.1% annualized versus 14.8% for OPPJ. Worst drawdown: IVV -56.5% vs OPPJ -41.7%.
Should I hold both IVV and OPPJ?
IVV and OPPJ have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OPPJ?
IVV and OPPJ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 593 unique securities.
Which pays a higher dividend, IVV or OPPJ?
IVV yields 1.10% while OPPJ yields 1.13%, so OPPJ currently pays the higher dividend yield.
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