IVV vs RWX
iShares Core S&P 500 ETF vs State Street SPDR Dow Jones International 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 | RWX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $907.0B | $266M | |
| Dividend Yield | 1.10% | 3.83% | |
| Holdings | 508 | 144 | |
| YTD Return | +12.71% | +0.57% | |
| 1Y Return | +21.89% | +4.12% | |
| 3Y Return (annualized) | +22.08% | +8.14% | |
| 5Y Return (annualized) | +12.96% | -1.96% | |
| Volatility (annualized) | 15.1% | 19.5% | |
| Max Drawdown | -56.5% | -75.2% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 15, 2006 |
IVV vs RWX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Dow Jones International Real Estate ETF (RWX) is a ETF from State Street Investment Management. Over the past year IVV returned +21.89% while RWX returned +4.12%. Year to date, IVV is up 12.71% versus a gain of 0.57% for RWX.
Over three years, IVV compounded at +22.08% per year against +8.14% for RWX; over five years the annualized figures are +12.96% and -1.96% respectively. Across the full 20-year window we track, IVV has the edge at +7.00% annualized vs -2.83%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWX has been the more volatile fund, with annualized monthly volatility of 19.5% 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 -75.2% for RWX. 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while RWX charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 3.83% for RWX.
Holdings Overlap
IVV and RWX share 0 holdings out of 631 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 RWX?
IVV has an expense ratio of 0.03% while RWX charges 0.59%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or RWX?
Over the past year IVV returned +21.89% vs +4.12% for RWX, so IVV leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +7.00% vs -2.83% for RWX. Past performance does not guarantee future results.
Which is riskier, IVV or RWX?
RWX has been the more volatile fund at 19.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs RWX -75.2%.
Should I hold both IVV and RWX?
IVV and RWX have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and RWX?
IVV and RWX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 631 unique securities.
Which pays a higher dividend, IVV or RWX?
IVV yields 1.10% while RWX yields 3.83%, so RWX currently pays the higher dividend yield.
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