IVV vs RNWZ
iShares Core S&P 500 ETF vs TrueShares Eagle Global Renewable Energy Income ETF
Which is better, IVV or RNWZ?
Large Cap Blend against All Cap Blend.
IVV has a lower expense ratio. IVV led over the full window, RNWZ over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 62.8%.
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 | RNWZ |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.75% |
| AUM | $876.4B | $6M |
| Dividend Yield | 1.06% | 1.24% |
| Holdings | 508 | 24 |
| Volatility (annualized) | 12.8%Best | 19.9% |
| Max Drawdown | -18.8%Best | -24.9% |
| $10,000 over 2.5 years | $15,725Best | $10,361 |
| Top 10 Weight | 37.9%Best | 62.8% |
| Fund Family | iShares by BlackRock (US) | TrueShares |
| Category | Equity | Equity |
| Style | Large Cap Blend | All Cap Blend |
| Inception | May 15, 2000 | Dec 8, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 455 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IVV has data through Sep 11, 2026 and RNWZ through Jun 13, 2025.
Volatility and max drawdown, and the $10,000 over 2.5 years row, are measured over the window both funds cover: Dec 9, 2022 to Jun 13, 2025 (2.5 years).
Risk: Volatility and Drawdowns
RNWZ has been the more volatile fund, with annualized monthly volatility of 19.9% compared with 12.8% 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 -18.8% for IVV and -24.9% for RNWZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while RNWZ charges 0.75%. On a $10,000 position that is $3 vs $75 annually, a gap of $72 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.24% for RNWZ.
Holdings Overlap
0.6% of IVV's money is in holdings RNWZ also owns. 24.3% of RNWZ's money is in holdings IVV also owns.
RNWZ and IVV share little of their money.
The two holdings books were reported 97 days apart, IVV as of Aug 5, 2026 and RNWZ as of Apr 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
5 positions in common, counted across the 505 positions we hold weights for in IVV and 24 in RNWZ, against full books of 508 and 24.
What only one of them owns
Our book lists 8 positions for RNWZ that do not appear in our book for IVV (27.3% of the fund), and 490 for IVV that do not appear in RNWZ (98.7%).
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.
24.3% of RNWZ 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 RNWZ?
IVV has an expense ratio of 0.03% while RNWZ charges 0.75%. IVV is the cheaper option, by $72 a year on a $10,000 investment.
Which is riskier, IVV or RNWZ?
RNWZ has been the more volatile fund at 19.9% annualized versus 12.8% for IVV. Worst drawdown: IVV -18.8% vs RNWZ -24.9%.
Should I hold both IVV and RNWZ?
IVV and RNWZ have a monthly-return correlation of 0.42, 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 RNWZ?
24.3% of RNWZ's money is in holdings IVV also owns. 24.3% of RNWZ's is in holdings IVV also owns. They hold 5 positions in common, counted across the 505 positions we hold weights for in IVV and 24 in RNWZ.
Which pays a higher dividend, IVV or RNWZ?
IVV yields 1.06% while RNWZ yields 1.24%, so RNWZ currently pays the higher dividend yield.
Is RNWZ better than IVV?
IVV has a lower expense ratio. IVV led over the full window, RNWZ over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 62.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.