IVV vs RWO
iShares Core S&P 500 ETF vs State Street SPDR Dow Jones Global Real Estate ETF
Which is better, IVV or RWO?
Large Cap Blend against Mid Cap Value.
IVV has a lower expense ratio. IVV 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 43.8%.
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 | RWO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.50% |
| AUM | $876.4B | $1.3B |
| Dividend Yield | 1.06% | 3.23% |
| Holdings | 508 | 244 |
| YTD Return | +12.51%Best | +9.34% |
| 1Y Return | +17.57%Best | +9.18% |
| 3Y Return (annualized) | +21.27%Best | +9.76% |
| 5Y Return (annualized) | +12.95%Best | +1.42% |
| Volatility (annualized) | 15.7%Best | 20.1% |
| Max Drawdown | -52.4%Best | -69.6% |
| $10,000 over 5 years | $18,384Best | $10,730 |
| Top 10 Weight | 37.9%Best | 43.8% |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Mid Cap Value |
| Inception | May 15, 2000 | May 7, 2008 |
Volatility and max drawdown are measured over the window both funds cover: May 13, 2008 to Sep 11, 2026 (18.3 years).
IVV vs RWO 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 18.3 years both funds cover.
IVV vs RWO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and State Street SPDR Dow Jones Global Real Estate ETF (RWO) is an ETF from SPDR State Street Global Advisors. Over the past year IVV returned +17.57% while RWO returned +9.18%. Year to date, IVV is up 12.51% versus a gain of 9.34% for RWO.
Over three years, IVV compounded at +21.27% per year against +9.76% for RWO; over five years the annualized figures are +12.95% and +1.42% respectively. Across the full 18-year window we track, IVV has the edge at +10.16% annualized vs +0.80%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWO has been the more volatile fund, with annualized monthly volatility of 20.1% compared with 15.7% 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 -52.4% for IVV and -69.6% for RWO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RWO charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 3.23% for RWO.
Holdings Overlap
1.4% of IVV's money is in holdings RWO also owns. 54.3% of RWO's money is in holdings IVV also owns.
The two portfolios partly overlap.
23 positions in common, counted across the 505 positions we hold weights for in IVV and 223 in RWO, against full books of 508 and 244.
What only one of them owns
Our book lists 76 positions for RWO that do not appear in our book for IVV (18.5% of the fund), and 472 for IVV that do not appear in RWO (97.9%).
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 RWO | Difference |
|---|---|---|---|
| WELLWelltower Inc | 0.25% | 9.63% | 9.38% |
| PLDPrologis Inc | 0.20% | 7.65% | 7.45% |
| EQIXEquinix, Inc. | 0.16% | 5.92% | 5.76% |
| SPGSimon Property Group Inc | 0.11% | 4.16% | 4.05% |
| DLRDigital Realty Trust Inc. | 0.10% | 3.88% | 3.78% |
| ORealty Income Corp. | 0.09% | 3.36% | 3.27% |
| PSAPublic Storage | 0.08% | 3.18% | 3.10% |
| VTRVentas, Inc. | 0.07% | 2.62% | 2.55% |
| EXRExtra Space Storage Inc. | 0.05% | 1.82% | 1.77% |
| AVBAvalonbay Communities Inc. | 0.04% | 1.50% | 1.46% |
54.3% of RWO 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 RWO?
IVV has an expense ratio of 0.03% while RWO charges 0.50%. IVV is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, IVV or RWO?
Over the past year IVV returned +17.57% vs +9.18% for RWO, so IVV leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +10.16% vs +0.80% for RWO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or RWO?
RWO has been the more volatile fund at 20.1% annualized versus 15.7% for IVV. Worst drawdown: IVV -52.4% vs RWO -69.6%.
Should I hold both IVV and RWO?
IVV and RWO have a monthly-return correlation of 0.81, 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 RWO?
54.3% of RWO's money is in holdings IVV also owns. 54.3% of RWO's is in holdings IVV also owns. They hold 23 positions in common, counted across the 505 positions we hold weights for in IVV and 223 in RWO.
Which pays a higher dividend, IVV or RWO?
IVV yields 1.06% while RWO yields 3.23%, so RWO currently pays the higher dividend yield.
Is RWO better than IVV?
IVV has a lower expense ratio. IVV 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 43.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.