IVE vs. IVW

Last updated Jun 23, 2026

IVE (iShares S&P 500 Value ETF) and IVW (iShares S&P 500 Growth ETF) are both exchange-traded funds - IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index, while IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, IVE returned 12.06%/yr vs 18.21%/yr for IVW. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

IVE vs. IVW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Value ETF (IVE) and iShares S&P 500 Growth ETF (IVW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVE achieves a 7.78% return, which is significantly lower than IVW's 11.26% return. Over the past 10 years, IVE has underperformed IVW with an annualized return of 12.06%, while IVW has yielded a comparatively higher 18.21% annualized return.

IVE

• 1D: 0.20%
• 1M: -0.13%
• YTD: 7.78%
• 6M: 7.22%
• 1Y: 21.20%
• 3Y*: 15.15%
• 5Y*: 11.29%
• 10Y*: 12.06%

IVW

• 1D: -0.78%
• 1M: 0.29%
• YTD: 11.26%
• 6M: 10.89%
• 1Y: 31.38%
• 3Y*: 26.35%
• 5Y*: 14.62%
• 10Y*: 18.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IVE vs. IVW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVE iShares S&P 500 Value ETF	7.78%	13.02%	12.03%	22.07%	-5.41%	24.72%	1.22%	31.62%	-9.22%	15.24%
IVW iShares S&P 500 Growth ETF	11.26%	21.95%	35.82%	29.83%	-29.50%	31.80%	33.19%	30.77%	-0.21%	27.21%

Correlation

The correlation between IVE and IVW is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 26, 2000	0.81

Over the past year, the correlation between IVE and IVW has dropped to 0.52 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

IVE vs. IVW - Sectors Allocation Comparison

Sectors	IVE	IVW
Technology	22.4%	53.0%
Financial Services	14.6%	8.6%
Healthcare	11.5%	5.7%
Consumer Cyclical	11.1%	8.4%
Industrials	10.4%	5.3%
Consumer Defensive	8.9%	1.0%
Energy	7.0%	0.1%
Utilities	4.3%	1.2%
Real Estate	3.4%	0.5%
Basic Materials	3.3%	0.3%
Communication Services	3.2%	15.8%

Return for Risk

IVE vs. IVW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IVE

IVE Risk / Return Rank: 69
IVE Sharpe Ratio Rank: 68
IVE Sortino Ratio Rank: 68
IVE Omega Ratio Rank: 67
IVE Calmar Ratio Rank: 71
IVE Martin Ratio Rank: 72

IVW

IVW Risk / Return Rank: 53
IVW Sharpe Ratio Rank: 58
IVW Sortino Ratio Rank: 54
IVW Omega Ratio Rank: 54
IVW Calmar Ratio Rank: 47
IVW Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IVE vs. IVW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Value ETF (IVE) and iShares S&P 500 Growth ETF (IVW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IVE	IVW	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.87	+0.28
Sortino ratio: Return per unit of downside risk	2.98	2.51	+0.46
Omega ratio: Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio: Return relative to maximum drawdown	3.44	2.29	+1.15
Martin ratio: Return relative to average drawdown	13.05	9.14	+3.91

IVE vs. IVW - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 2.15, which is comparable to the IVW Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of IVE and IVW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IVE vs. IVW - Drawdown Comparison

The maximum IVE drawdown since its inception was -61.32%, which is greater than IVW's maximum drawdown of -57.33%. Use the drawdown chart below to compare losses from any high point for IVE and IVW.

Drawdown Indicators

	IVE	IVW	Difference
Max Drawdown Largest peak-to-trough decline	-61.32%	-57.33%	-3.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-13.75%	+7.56%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-22.15%	+4.57%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-32.72%	+14.68%
Max Drawdown (10Y) Largest decline over 10 years	-37.04%	-32.72%	-4.32%
Current Drawdown Current decline from peak	-0.94%	-3.23%	+2.29%
Average Drawdown Average peak-to-trough decline	-10.08%	-17.59%	+7.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	3.44%	-1.81%

Volatility

IVE vs. IVW - Volatility Comparison

The current volatility for iShares S&P 500 Value ETF (IVE) is 2.94%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 6.84%. This indicates that IVE experiences smaller price fluctuations and is considered to be less risky than IVW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVE	IVW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	6.84%	-3.90%
Volatility (6M) Calculated over the trailing 6-month period	7.33%	13.64%	-6.31%
Volatility (1Y) Calculated over the trailing 1-year period	9.95%	16.92%	-6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	21.32%	-6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	20.71%	-3.74%

IVE vs. IVW - Expense Ratio Comparison

Both IVE and IVW have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IVE vs. IVW - Dividend Comparison

IVE's dividend yield for the trailing twelve months is around 1.56%, more than IVW's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVE iShares S&P 500 Value ETF	1.56%	1.61%	2.04%	1.65%	2.10%	1.81%	2.37%	2.11%	2.74%	2.12%	2.26%	2.44%
IVW iShares S&P 500 Growth ETF	0.36%	0.40%	0.43%	1.03%	0.92%	0.46%	0.82%	1.63%	1.28%	1.30%	1.51%	1.51%

Frequently Asked Questions

Can I hold both IVE and IVW in my portfolio?

IVE and IVW have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IVE or IVW?

IVW has higher volatility (6.84%) compared to IVE (2.94%). In terms of maximum drawdown, IVE dropped -61.32% vs IVW's -57.33%.

Which ETF is better, IVE or IVW?

On 10-year performance, IVW leads with 18.21% vs 12.06% for IVE. Both ETFs have the same 0.18% expense ratio. On volatility, IVE has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVE or IVW?

Over the 10-year period, IVW has performed better with a 18.21% return vs 12.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVE or IVW?

IVE and IVW have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, IVE or IVW?

IVE has the higher dividend yield at 1.56%, compared with 0.36% for IVW.

What is the main difference between IVE and IVW?

IVE is categorized as Large Cap Value Equities, while IVW is Large Cap Growth Equities. IVE tracks S&P 500 Value Index, while IVW tracks S&P 500 Growth Index.

Which has better risk-adjusted returns?

IVE currently has the higher Sharpe Ratio (2.15 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.