IVV vs WIP
iShares Core S&P 500 ETF vs State Street SPDR FTSE International Government Inflation-Protected Bond 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 | WIP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.50% | |
| AUM | $907.0B | $474M | |
| Dividend Yield | 1.10% | 5.98% | |
| Holdings | 508 | 199 | |
| YTD Return | +12.71% | +5.54% | |
| 1Y Return | +21.89% | +11.08% | |
| 3Y Return (annualized) | +22.08% | +5.62% | |
| 5Y Return (annualized) | +12.96% | -0.27% | |
| Volatility (annualized) | 15.1% | 11.2% | |
| Max Drawdown | -56.5% | -34.4% | |
| Fund Family | iShares by BlackRock (US) | SPDR State Street Global Advisors | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Mar 13, 2008 |
IVV vs WIP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) is a ETF from SPDR State Street Global Advisors. Over the past year IVV returned +21.89% while WIP returned +11.08%. Year to date, IVV is up 12.71% versus a gain of 5.54% for WIP.
Over three years, IVV compounded at +22.08% per year against +5.62% for WIP; over five years the annualized figures are +12.96% and -0.27% respectively. Across the full 18-year window we track, IVV has the edge at +7.00% annualized vs -0.43%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 11.2% for WIP. 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 -34.4% for WIP. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while WIP charges 0.50%. On a $10,000 position that is $3 vs $50 annually, a gap of $47 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.98% for WIP.
Holdings Overlap
IVV and WIP share 0 holdings out of 511 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 WIP?
IVV has an expense ratio of 0.03% while WIP charges 0.50%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, IVV or WIP?
Over the past year IVV returned +21.89% vs +11.08% for WIP, so IVV leads on 1-year performance. Over the longest common window we track (18 years), IVV annualized +7.00% vs -0.43% for WIP. Past performance does not guarantee future results.
Which is riskier, IVV or WIP?
IVV has been the more volatile fund at 15.1% annualized versus 11.2% for WIP. Worst drawdown: IVV -56.5% vs WIP -34.4%.
Should I hold both IVV and WIP?
IVV and WIP have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and WIP?
IVV and WIP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 511 unique securities.
Which pays a higher dividend, IVV or WIP?
IVV yields 1.10% while WIP yields 5.98%, so WIP currently pays the higher dividend yield.
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