IVV vs RWO
iShares Core S&P 500 ETF vs State Street SPDR Dow Jones Global Real Estate ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | RWO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $1.3B | |
| Dividend Yield | 1.10% | 3.14% | |
| Holdings | 508 | 244 | |
| YTD Return | +12.71% | +13.27% | |
| 1Y Return | +21.89% | +16.70% | |
| 3Y Return (annualized) | +22.08% | +11.78% | |
| 5Y Return (annualized) | +12.96% | +2.27% | |
| Volatility (annualized) | 15.1% | 20.1% | |
| Max Drawdown | -56.5% | -69.6% | |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | May 7, 2008 |
IVV vs RWO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Dow Jones Global Real Estate ETF (RWO) is a ETF from SPDR State Street Global Advisors. Over the past year IVV returned +21.89% while RWO returned +16.70%. Year to date, IVV is up 12.71% versus a gain of 13.27% for RWO.
Over three years, IVV compounded at +22.08% per year against +11.78% for RWO; over five years the annualized figures are +12.96% and +2.27% respectively. Across the full 18-year window we track, IVV has the edge at +7.00% annualized vs +1.00%. 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 15.1% 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 -69.6% for RWO. 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 0.81. 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 1.10% against 3.14% for RWO.
Holdings Overlap
IVV and RWO share 23 holdings out of 705 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or RWO?
Over the past year IVV returned +21.89% vs +16.70% for RWO, so IVV leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +7.00% vs +1.00% for RWO. Past performance does not guarantee future results.
Which is riskier, IVV or RWO?
RWO has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RWO -69.6%.
Should I hold both IVV and RWO?
IVV and RWO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RWO?
IVV and RWO share 23 common holdings with a 1.5% weight overlap. Combined, they hold 705 unique securities.
Which pays a higher dividend, IVV or RWO?
IVV yields 1.10% while RWO yields 3.14%, so RWO currently pays the higher dividend yield.
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