IWV vs YLDE
iShares Russell 3000 ETF vs Franklin ClearBridge Enhanced Income ETF
Which is better, IWV or YLDE?
Each has led over a different period.
IWV has a lower expense ratio. IWV led over 3Y, 5Y and the full window, YLDE over 1Y. The two have moved almost in lockstep, correlation 0.90. IWV is less concentrated, with 34.6% of the fund in its ten largest positions against 50.3%.
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 | IWV | YLDE |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.48% |
| AUM | $19.6B | $177M |
| Dividend Yield | 0.87% | 7.23% |
| Holdings | 5,209 | 114 |
| YTD Return | +12.04% | +12.21%Best |
| 1Y Return | +12.53% | +14.49%Best |
| 3Y Return (annualized) | +21.20%Best | +18.03% |
| 5Y Return (annualized) | +10.74%Best | +10.51% |
| Volatility (annualized) | 16.1% | 14.8%Best |
| Max Drawdown | -35.2% | -33.3%Best |
| $10,000 over 5 years | $16,654Best | $16,482 |
| Top 10 Weight | 34.6%Best | 50.3% |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 22, 2000 | May 22, 2017 |
Volatility and max drawdown are measured over the window both funds cover: May 23, 2017 to Nov 11, 2026 (9.5 years).
IWV vs YLDE 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 9.5 years both funds cover.
IWV vs YLDE Performance
iShares Russell 3000 ETF (IWV) is an ETF from iShares by BlackRock (US) and Franklin ClearBridge Enhanced Income ETF (YLDE) is an ETF from Franklin Templeton Investments (US). Over the past year IWV returned +12.53% while YLDE returned +14.49%. Year to date, IWV is up 12.04% versus a gain of 12.21% for YLDE.
Over three years, IWV compounded at +21.20% per year against +18.03% for YLDE; over five years the annualized figures are +10.74% and +10.51% respectively. Across the full 10-year window we track, IWV has the edge at +13.27% annualized vs +11.49%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 14.8% for YLDE. 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 -35.2% for IWV and -33.3% for YLDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWV charges 0.20% per year while YLDE charges 0.48%. On a $10,000 position that is $20 vs $48 annually, a gap of $28 per year that compounds over a long holding period. On income, IWV currently yields 0.87% against 7.23% for YLDE.
Holdings Overlap
12.2% of IWV's money is in holdings YLDE also owns. 77.5% of YLDE's money is in holdings IWV also owns.
Most of YLDE is already inside IWV. Owning both mostly buys the same companies twice.
44 positions in common, counted across the 2,572 positions we hold weights for in IWV and 58 in YLDE, against full books of 5,209 and 114.
What only one of them owns
Our book lists 3 positions for YLDE that do not appear in our book for IWV (4.7% of the fund), and 1,084 for IWV that do not appear in YLDE (84.3%).
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 IWV | Weight in YLDE | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 3.34% | 10.83% | 7.49% |
| METAMeta Platforms Inc | 2.20% | 4.68% | 2.48% |
| GOOGLAlphabet Inc | 2.75% | 3.62% | 0.87% |
| MAMastercard Inc | 0.66% | 3.28% | 2.62% |
| WMTWalmart Inc | 0.69% | 2.96% | 2.27% |
| EBAYEbay Inc. | 0.06% | 3.31% | 3.25% |
| DASHDoordash Inc | 0.09% | 3.17% | 3.08% |
| CVNACarvana Co. Class A | 0.05% | 3.09% | 3.04% |
| COSTCostco Wholesale Corp. | 0.59% | 2.49% | 1.90% |
| ABNBAirbnb Inc | 0.09% | 2.77% | 2.68% |
77.5% of YLDE is already inside IWV.
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, IWV or YLDE?
IWV has an expense ratio of 0.20% while YLDE charges 0.48%. IWV is the cheaper option, by $28 a year on a $10,000 investment.
Which performed better, IWV or YLDE?
Over the past year IWV returned +12.53% vs +14.49% for YLDE, so YLDE leads on 1-year performance. Over the longest common window we track (10 years), IWV annualized +13.27% vs +11.49% for YLDE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWV or YLDE?
IWV has been the more volatile fund at 16.1% annualized versus 14.8% for YLDE. Worst drawdown: IWV -35.2% vs YLDE -33.3%.
Should I hold both IWV and YLDE?
IWV and YLDE have a monthly-return correlation of 0.90, 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 IWV and YLDE?
77.5% of YLDE's money is in holdings IWV also owns. 77.5% of YLDE's is in holdings IWV also owns. They hold 44 positions in common, counted across the 2,572 positions we hold weights for in IWV and 58 in YLDE.
Which pays a higher dividend, IWV or YLDE?
IWV yields 0.87% while YLDE yields 7.23%, so YLDE currently pays the higher dividend yield.
Is YLDE better than IWV?
IWV has a lower expense ratio. IWV led over 3Y, 5Y and the full window, YLDE over 1Y. The two have moved almost in lockstep, correlation 0.90. IWV is less concentrated, with 34.6% of the fund in its ten largest positions against 50.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.