IVV vs SPWO
iShares Core S&P 500 ETF vs SP Funds S&P World (ex-US) ETF
Which is better, IVV or SPWO?
SPWO has been ahead.
IVV has a lower expense ratio. SPWO led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 41.1%.
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 | SPWO |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.55% |
| AUM | $876.4B | $222M |
| Dividend Yield | 1.06% | 1.06% |
| Holdings | 508 | 384 |
| YTD Return | +12.27% | +18.88%Best |
| 1Y Return | +17.04% | +27.43%Best |
| 3Y Return (annualized) | +21.24% | - |
| 5Y Return (annualized) | +13.08% | - |
| Volatility (annualized) | 11.8%Best | 15.7% |
| Max Drawdown | -18.8% | -18.1%Best |
| $10,000 over 2.7 years | $16,686 | $17,122Best |
| Top 10 Weight | 37.8%Best | 41.1% |
| Fund Family | iShares by BlackRock (US) | SP Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Dec 19, 2023 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Dec 20, 2023 to Sep 17, 2026 (2.7 years).
IVV vs SPWO 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 2.7 years both funds cover.
IVV vs SPWO Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and SP Funds S&P World (ex-US) ETF (SPWO) is an ETF from SP Funds. Over the past year IVV returned +17.04% while SPWO returned +27.43%. Year to date, IVV is up 12.27% versus a gain of 18.88% for SPWO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPWO has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 11.8% 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 -18.8% for IVV and -18.1% for SPWO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while SPWO charges 0.55%. On a $10,000 position that is $3 vs $55 annually, a gap of $52 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 1.06% for SPWO.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 367 in SPWO, totalling 99.3% and 99.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 367 in SPWO, against full books of 508 and 384.
What only one of them owns
Our book lists 72 positions for SPWO that do not appear in our book for IVV (11.4% of the fund), and 482 for IVV that do not appear in SPWO (98.6%).
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.
You are not choosing between two funds in isolation.
Whichever of IVV and SPWO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or SPWO?
IVV has an expense ratio of 0.03% while SPWO charges 0.55%. IVV is the cheaper option, by $52 a year on a $10,000 investment.
Which performed better, IVV or SPWO?
Over the past year IVV returned +17.04% vs +27.43% for SPWO, so SPWO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or SPWO?
SPWO has been the more volatile fund at 15.7% annualized versus 11.8% for IVV. Worst drawdown: IVV -18.8% vs SPWO -18.1%.
Should I hold both IVV and SPWO?
IVV and SPWO have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or SPWO?
IVV yields 1.06% while SPWO yields 1.06%, so SPWO currently pays the higher dividend yield.
Is SPWO better than IVV?
IVV has a lower expense ratio. SPWO led over 1Y and the full window. IVV is less concentrated, with 37.8% of the fund in its ten largest positions against 41.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.