IWX vs VOO
iShares Russell Top 200 Value ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. IWX delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | IWX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $4.0B | $997.4B | |
| Dividend Yield | 1.40% | 1.08% | |
| Holdings | 156 | 509 | |
| YTD Return | +22.25% | +12.68% | |
| 1Y Return | +33.19% | +21.87% | |
| 3Y Return (annualized) | +21.10% | +22.06% | |
| 5Y Return (annualized) | +12.69% | +12.95% | |
| Volatility (annualized) | 13.9% | 14.1% | |
| Max Drawdown | -35.8% | -34.3% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 22, 2009 | Sep 7, 2010 |
IWX vs VOO Performance
iShares Russell Top 200 Value ETF (IWX) is a ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IWX returned +33.19% while VOO returned +21.87%. Year to date, IWX is up 22.25% versus a gain of 12.68% for VOO.
Over three years, IWX compounded at +21.10% per year against +22.06% for VOO; over five years the annualized figures are +12.69% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.47% annualized vs +9.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.9% for IWX. 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 -35.8% for IWX and -34.3% for VOO. 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 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWX charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, IWX currently yields 1.40% against 1.08% for VOO.
Holdings Overlap
IWX and VOO share 145 holdings out of 513 unique holdings combined, representing a 46.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IWX or VOO?
IWX has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IWX or VOO?
Over the past year IWX returned +33.19% vs +21.87% for VOO, so IWX leads on 1-year performance. Over the longest common window we track (16 years), IWX annualized +9.99% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, IWX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.9% for IWX. Worst drawdown: IWX -35.8% vs VOO -34.3%.
Should I hold both IWX and VOO?
IWX and VOO have a monthly-return correlation of 0.92, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IWX and VOO?
IWX and VOO share 145 common holdings with a 46.9% weight overlap. Combined, they hold 513 unique securities.
Which pays a higher dividend, IWX or VOO?
IWX yields 1.40% while VOO yields 1.08%, so IWX currently pays the higher dividend yield.
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