IVV vs USEW
iShares Core S&P 500 ETF vs Cambria US EW ETF
Which is better, IVV or USEW?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y. USEW is less concentrated, with 22.7% of the fund in its ten largest positions against 37.3%.
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 | USEW |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.30% |
| AUM | $879.1B | $190M |
| Dividend Yield | 1.09% | 0.80% |
| Holdings | 509 | 859 |
| YTD Return | +11.33%Best | +10.43% |
| 1Y Return | +13.50%Best | +11.28% |
| 3Y Return (annualized) | +20.45% | - |
| 5Y Return (annualized) | +11.61% | - |
| Top 10 Weight | 37.3% | 22.7%Best |
| Fund Family | iShares by BlackRock (US) | Cambria Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Dec 18, 2025 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
IVV vs USEW 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IVV vs USEW Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Cambria US EW ETF (USEW) is an ETF from Cambria Investment Management. Over the past year IVV returned +13.50% while USEW returned +11.28%. Year to date, IVV is up 11.33% versus a gain of 10.43% for USEW.
Past performance does not guarantee future results.
Fees and Cost Over Time
IVV charges 0.03% per year while USEW charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.80% for USEW.
Holdings Overlap
93.3% of IVV's money is in holdings USEW also owns. 59.7% of USEW's money is in holdings IVV also owns.
Most of IVV is already inside USEW. Owning both mostly buys the same companies twice.
338 positions in common, counted across the 490 positions we hold weights for in IVV and 427 in USEW, against full books of 509 and 859.
What only one of them owns
Our book lists 79 positions for USEW that do not appear in our book for IVV (39.8% of the fund), and 146 for IVV that do not appear in USEW (5.5%).
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.
Top Shared Holdings
| Stock | Weight in IVV | Weight in USEW | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.70% | 1.83% | 5.87% |
| NVDANvidia Corp. | 7.58% | 0.98% | 6.60% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.93% | 1.34% | 4.59% |
| AMZNAmazon.Com Inc | 3.61% | 1.01% | 2.60% |
| AVGOBroadcom Inc | 2.37% | 0.90% | 1.47% |
| BRK.ABerkshire Hathaway Inc | 1.55% | 1.64% | 0.09% |
| GOOGLAlphabet Inc | 2.51% | 0.41% | 2.10% |
| METAMeta Platform Inc | 2.08% | 0.82% | 1.26% |
| GOOGAlphabet Inc | 2.02% | 0.79% | 1.23% |
| JPMJpmorgan Chase & Co. | 1.37% | 1.09% | 0.28% |
93.3% of IVV is already inside USEW.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or USEW?
IVV has an expense ratio of 0.03% while USEW charges 0.30%. IVV is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, IVV or USEW?
Over the past year IVV returned +13.50% vs +11.28% for USEW, so IVV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
What is the holdings overlap between IVV and USEW?
93.3% of IVV's money is in holdings USEW also owns. 59.7% of USEW's is in holdings IVV also owns. They hold 338 positions in common, counted across the 490 positions we hold weights for in IVV and 427 in USEW.
Which pays a higher dividend, IVV or USEW?
IVV yields 1.09% while USEW yields 0.80%, so IVV currently pays the higher dividend yield.
Is USEW better than IVV?
IVV has a lower expense ratio. IVV led over 1Y. USEW is less concentrated, with 22.7% of the fund in its ten largest positions against 37.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.