IVV vs UWM
iShares Core S&P 500 ETF vs ProShares Ultra Russell2000
Which is better, IVV or UWM?
Large Cap Blend against Multi Alternative.
IVV has a lower expense ratio. IVV led over 5Y and the full window, UWM over 1Y and 3Y.
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 | UWM |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.95% |
| AUM | $876.4B | $239M |
| Dividend Yield | 1.06% | 0.83% |
| Holdings | 508 | 1,994 |
| YTD Return | +11.51% | +25.53%Best |
| 1Y Return | +15.96% | +33.61%Best |
| 3Y Return (annualized) | +21.01% | +24.36%Best |
| 5Y Return (annualized) | +12.66%Best | +2.11% |
| Volatility (annualized) | 15.5%Best | 41.0% |
| Max Drawdown | -56.5%Best | -88.5% |
| $10,000 over 5 years | $18,149Best | $11,100 |
| Fund Family | iShares by BlackRock (US) | ProShares |
| Category | Equity | Alternative |
| Style | Large Cap Blend | Multi Alternative |
| Inception | May 15, 2000 | Jan 23, 2007 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 25, 2007 to Sep 15, 2026 (19.6 years).
IVV vs UWM 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 19.6 years both funds cover.
IVV vs UWM Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and ProShares Ultra Russell2000 (UWM) is an ETF from ProShares. Over the past year IVV returned +15.96% while UWM returned +33.61%. Year to date, IVV is up 11.51% versus a gain of 25.53% for UWM.
Over three years, IVV compounded at +21.01% per year against +24.36% for UWM; over five years the annualized figures are +12.66% and +2.11% respectively. Across the full 20-year window we track, IVV has the edge at +9.33% annualized vs +6.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UWM has been the more volatile fund, with annualized monthly volatility of 41.0% compared with 15.5% 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 -88.5% for UWM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while UWM charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.83% for UWM.
Holdings Overlap
At least 0.2% of IVV's money is in holdings UWM also owns.
Stated as a floor: for UWM, our book for it covers 67.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
2 positions in common, counted across the 490 positions we hold weights for in IVV and 1,922 in UWM, against full books of 508 and 1,994.
You are not choosing between two funds in isolation.
Whichever of IVV and UWM 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 UWM?
IVV has an expense ratio of 0.03% while UWM charges 0.95%. IVV is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, IVV or UWM?
Over the past year IVV returned +15.96% vs +33.61% for UWM, so UWM leads on 1-year performance. Over the longest common window we track (20 years), IVV annualized +9.33% vs +6.56% for UWM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or UWM?
UWM has been the more volatile fund at 41.0% annualized versus 15.5% for IVV. Worst drawdown: IVV -56.5% vs UWM -88.5%.
Should I hold both IVV and UWM?
IVV and UWM have a monthly-return correlation of 0.88, 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 UWM?
IVV yields 1.06% while UWM yields 0.83%, so IVV currently pays the higher dividend yield.
Is UWM better than IVV?
IVV has a lower expense ratio. IVV led over 5Y and the full window, UWM over 1Y and 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.