IVV vs RWR
iShares Core S&P 500 ETF vs State Street SPDR Dow Jones REIT 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 | RWR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.25% | |
| AUM | $907.0B | $1.9B | |
| Dividend Yield | 1.10% | 3.26% | |
| Holdings | 508 | 103 | |
| YTD Return | +12.71% | +18.00% | |
| 1Y Return | +21.89% | +21.63% | |
| 3Y Return (annualized) | +22.08% | +13.04% | |
| 5Y Return (annualized) | +12.96% | +4.31% | |
| Volatility (annualized) | 15.1% | 43.9% | |
| Max Drawdown | -56.5% | -77.0% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Apr 23, 2001 |
IVV vs RWR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Dow Jones REIT ETF (RWR) is a ETF from State Street Investment Management. Over the past year IVV returned +21.89% while RWR returned +21.63%. Year to date, IVV is up 12.71% versus a gain of 18.00% for RWR.
Over three years, IVV compounded at +22.08% per year against +13.04% for RWR; over five years the annualized figures are +12.96% and +4.31% respectively. Across the full 25-year window we track, RWR has the edge at +9.95% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWR has been the more volatile fund, with annualized monthly volatility of 43.9% 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 -77.0% for RWR. 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 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while RWR charges 0.25%. On a $10,000 position that is $3 vs $25 annually, a gap of $22 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.26% for RWR.
Holdings Overlap
IVV and RWR share 23 holdings out of 581 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 RWR?
IVV has an expense ratio of 0.03% while RWR charges 0.25%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, IVV or RWR?
Over the past year IVV returned +21.89% vs +21.63% for RWR, so IVV leads on 1-year performance. Over the longest common window we track (25 years), IVV annualized +7.00% vs +9.95% for RWR. Past performance does not guarantee future results.
Which is riskier, IVV or RWR?
RWR has been the more volatile fund at 43.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RWR -77.0%.
Should I hold both IVV and RWR?
IVV and RWR have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RWR?
IVV and RWR share 23 common holdings with a 1.5% weight overlap. Combined, they hold 581 unique securities.
Which pays a higher dividend, IVV or RWR?
IVV yields 1.10% while RWR yields 3.26%, so RWR currently pays the higher dividend yield.
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