IVV vs RWJ
iShares Core S&P 500 ETF vs Invesco S&P SmallCap 600 Revenue ETF
Quick Verdict
IVV has a lower expense ratio. RWJ delivered stronger 1-year returns. RWJ offers more diversification with 586 holdings.
Side-by-Side Comparison
| Metric | IVV | RWJ | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.39% | |
| AUM | $865.2B | $2.1B | |
| Dividend Yield | 1.09% | 1.02% | |
| Holdings | 508 | 597 | |
| YTD Return | +13.72% | +26.42% | |
| 1Y Return | +21.64% | +37.10% | |
| 3Y Return (annualized) | +21.55% | +17.40% | |
| 5Y Return (annualized) | +13.27% | +10.66% | |
| Volatility (annualized) | 15.1% | 24.9% | |
| Max Drawdown | -56.5% | -56.3% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 19, 2008 |
IVV vs RWJ Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco S&P SmallCap 600 Revenue ETF (RWJ) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while RWJ returned +37.10%. Year to date, IVV is up 13.72% versus a gain of 26.42% for RWJ.
Over three years, IVV compounded at +21.55% per year against +17.40% for RWJ; over five years the annualized figures are +13.27% and +10.66% respectively. Across the full 19-year window we track, RWJ has the edge at +11.91% annualized vs +7.04%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWJ has been the more volatile fund, with annualized monthly volatility of 24.9% 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 -56.3% for RWJ. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RWJ charges 0.39%. On a $10,000 position that is $3 vs $39 annually, a gap of $36 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.02% for RWJ.
Holdings Overlap
IVV and RWJ share 0 holdings out of 1091 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 RWJ?
IVV has an expense ratio of 0.03% while RWJ charges 0.39%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, IVV or RWJ?
Over the past year IVV returned +21.64% vs +37.10% for RWJ, so RWJ leads on 1-year performance. Over the longest common window we track (19 years), IVV annualized +7.04% vs +11.91% for RWJ. Past performance does not guarantee future results.
Which is riskier, IVV or RWJ?
RWJ has been the more volatile fund at 24.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RWJ -56.3%.
Should I hold both IVV and RWJ?
IVV and RWJ have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RWJ?
IVV and RWJ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1091 unique securities.
Which pays a higher dividend, IVV or RWJ?
IVV yields 1.09% while RWJ yields 1.02%, so IVV currently pays the higher dividend yield.
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