IWP vs VOO
iShares Russell Midcap Growth ETF vs Vanguard S&P 500 ETF
Which is better, IWP or VOO?
Mid Cap Growth against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWP is less concentrated, with 20.3% of the fund in its ten largest positions against 36.4%.
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 | IWP | VOO |
|---|---|---|
| Expense Ratio | 0.23% | 0.03%Best |
| AUM | $19.4B | $997.4B |
| Dividend Yield | 0.35% | 1.04% |
| Holdings | 271 | 509 |
| YTD Return | +0.00% | +12.50%Best |
| 1Y Return | -4.85% | +17.58%Best |
| 3Y Return (annualized) | +13.78% | +21.27%Best |
| 5Y Return (annualized) | +3.95% | +12.95%Best |
| Volatility (annualized) | 17.1% | 14.1%Best |
| Max Drawdown | -38.6% | -34.3%Best |
| $10,000 over 5 years | $12,137 | $18,384Best |
| Top 10 Weight | 20.3%Best | 36.4% |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Jul 17, 2001 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
IWP vs VOO 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 16 years both funds cover.
IWP vs VOO Performance
iShares Russell Midcap Growth ETF (IWP) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IWP returned -4.85% while VOO returned +17.58%. Year to date, IWP is up 0.00% versus a gain of 12.50% for VOO.
Over three years, IWP compounded at +13.78% per year against +21.27% for VOO; over five years the annualized figures are +3.95% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs +11.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWP has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 14.1% for VOO. 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 -38.6% for IWP and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWP charges 0.23% per year while VOO charges 0.03%. On a $10,000 position that is $23 vs $3 annually, a gap of $20 per year that compounds over a long holding period. On income, IWP currently yields 0.35% against 1.04% for VOO.
Holdings Overlap
50.4% of IWP's money is in holdings VOO also owns. 4.6% of VOO's money is in holdings IWP also owns.
The two portfolios partly overlap.
81 positions in common, counted across the 265 positions we hold weights for in IWP and 505 in VOO, against full books of 271 and 509.
What only one of them owns
Our book lists 415 positions for VOO that do not appear in our book for IWP (94.8% of the fund), and 170 for IWP that do not appear in VOO (45.6%).
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.
Top Shared Holdings
| Stock | Weight in IWP | Weight in VOO | Difference |
|---|---|---|---|
| DDOGDatadog Inc. Class A | 2.63% | 0.13% | 2.50% |
| SPGSimon Property Group Inc | 2.03% | 0.11% | 1.92% |
| TERTeradyne Inc | 1.72% | 0.12% | 1.60% |
| FIXComfort Systems USA Inc. | 1.71% | 0.11% | 1.60% |
| HOODRobinhood Markets Inc - A | 1.67% | 0.12% | 1.55% |
| CORCencora Inc | 1.67% | 0.09% | 1.58% |
| LITELumentum Holdings Inc | 1.66% | 0.10% | 1.56% |
| TRGPTarga Resources Corp. | 1.56% | 0.09% | 1.47% |
| ADSKAutodesk, Inc. | 1.43% | 0.06% | 1.37% |
| GWWWw Grainger Inc. | 1.35% | 0.09% | 1.26% |
50.4% of IWP is already inside VOO.
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, IWP or VOO?
IWP has an expense ratio of 0.23% while VOO charges 0.03%. VOO is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, IWP or VOO?
Over the past year IWP returned -4.85% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), IWP annualized +11.84% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWP or VOO?
IWP has been the more volatile fund at 17.1% annualized versus 14.1% for VOO. Worst drawdown: IWP -38.6% vs VOO -34.3%.
Should I hold both IWP and VOO?
IWP and VOO have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWP and VOO?
50.4% of IWP's money is in holdings VOO also owns. 4.6% of VOO's is in holdings IWP also owns. They hold 81 positions in common, counted across the 265 positions we hold weights for in IWP and 505 in VOO.
Which pays a higher dividend, IWP or VOO?
IWP yields 0.35% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than IWP?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. IWP is less concentrated, with 20.3% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.