IVV vs SPWO
iShares Core S&P 500 ETF vs SP Funds S&P World (ex-US) ETF
Quick Verdict
IVV has a lower expense ratio. SPWO delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | SPWO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.55% | |
| AUM | $907.0B | $212M | |
| Dividend Yield | 1.10% | 1.10% | |
| Holdings | 508 | 384 | |
| YTD Return | +12.28% | +20.95% | |
| 1Y Return | +20.94% | +38.33% | |
| 3Y Return (annualized) | +21.81% | - | |
| 5Y Return (annualized) | +13.05% | - | |
| Volatility (annualized) | 15.1% | 15.9% | |
| Max Drawdown | -56.5% | -18.1% | |
| Fund Family | iShares by BlackRock (US) | SP Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 19, 2023 |
IVV vs SPWO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and SP Funds S&P World (ex-US) ETF (SPWO) is a ETF from SP Funds. Over the past year IVV returned +20.94% while SPWO returned +38.33%. Year to date, IVV is up 12.28% versus a gain of 20.95% for SPWO.
Risk: Volatility and Drawdowns
SPWO has been the more volatile fund, with annualized monthly volatility of 15.9% 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 -18.1% for SPWO. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.10% against 1.10% for SPWO.
Holdings Overlap
IVV and SPWO share 0 holdings out of 871 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 SPWO?
IVV has an expense ratio of 0.03% while SPWO charges 0.55%. IVV is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, IVV or SPWO?
Over the past year IVV returned +20.94% vs +38.33% for SPWO, so SPWO leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +6.98% vs +23.53% for SPWO. Past performance does not guarantee future results.
Which is riskier, IVV or SPWO?
SPWO has been the more volatile fund at 15.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs SPWO -18.1%.
Should I hold both IVV and SPWO?
IVV and SPWO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SPWO?
IVV and SPWO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 871 unique securities.
Which pays a higher dividend, IVV or SPWO?
IVV yields 1.10% while SPWO yields 1.10%, so SPWO currently pays the higher dividend yield.
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