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IVE vs. IVW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVE vs. IVW

Last updated Aug 2, 2026
Documentation

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 11.78%/yr vs 17.24%/yr for IVW. Their correlation of 0.80 means they have usually moved in the same direction. 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.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IVE having a 10.10% return and IVW slightly lower at 9.92%. Over the past 10 years, IVE has underperformed IVW with an annualized return of 11.78%, while IVW has yielded a comparatively higher 17.24% annualized return.

IVE

1D
-0.19%
1M
0.66%
6M
7.48%
YTD
10.10%
1Y
21.16%
3Y*
13.76%
5Y*
11.36%
10Y*
11.78%
ALL TIME*
7.63%

IVW

1D
1.44%
1M
-0.12%
6M
9.37%
YTD
9.92%
1Y
21.55%
3Y*
23.84%
5Y*
13.12%
10Y*
17.24%
ALL TIME*
8.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IVE

iShares S&P 500 Value ETF
$168.69M$149.09M$229.92M

IVW

iShares S&P 500 Growth ETF
$179.67M$190.15M$300.66M

IVE vs. IVW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVE
iShares S&P 500 Value ETF		10.10%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		9.92%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 0.48, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.48

Correlation (3Y)
Balances recent behavior with more history.

0.53

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.66

Correlation (10Y)
Provides a long-term view across more market conditions.

0.68

Correlation (All Time)
Calculated using the full available price history since May 26, 2000

0.80

Over the past year, the correlation between IVE and IVW has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

IVE vs. IVW - Sectors Allocation Comparison

Sectors
IVE
IVW

Technology

21.7%
52.3%

Financial Services

15.0%
8.7%

Healthcare

12.2%
6.2%

Industrials

10.9%
6.4%

Consumer Cyclical

10.6%
8.6%

Consumer Defensive

8.8%
1.0%

Energy

6.6%
0.1%

Utilities

4.5%
0.4%

Basic Materials

3.3%
0.3%

Real Estate

3.3%
0.6%

Communication Services

2.9%
15.6%

Technology

IVE
21.7%
IVW
52.3%

Financial Services

IVE
15.0%
IVW
8.7%

Healthcare

IVE
12.2%
IVW
6.2%

Industrials

IVE
10.9%
IVW
6.4%

Consumer Cyclical

IVE
10.6%
IVW
8.6%

Consumer Defensive

IVE
8.8%
IVW
1.0%

Energy

IVE
6.6%
IVW
0.1%

Utilities

IVE
4.5%
IVW
0.4%

Basic Materials

IVE
3.3%
IVW
0.3%

Real Estate

IVE
3.3%
IVW
0.6%

Communication Services

IVE
2.9%
IVW
15.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P 500 Value ETF

iShares S&P 500 Growth ETF

Often compared with IVE:
IVE vs. IVVIVE vs. VTVIVE vs. SPYIVE vs. QQQIVE vs. VOOIVE vs. VOOVIVE vs. SCHV
Often compared with IVW:
IVW vs. IVVIVW vs. QQQIVW vs. SPYIVW vs. VOOIVW vs. VOOGIVW vs. SPYGIVW vs. VUG

Return for Risk

IVE vs. IVW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IVE
IVE Risk / Return Rank: 8585
Overall Rank
IVE Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
IVE Sortino Ratio Rank: 8484
Sortino Ratio Rank
IVE Omega Ratio Rank: 8484
Omega Ratio Rank
IVE Calmar Ratio Rank: 8484
Calmar Ratio Rank
IVE Martin Ratio Rank: 8686
Martin Ratio Rank
IVW
IVW Risk / Return Rank: 4242
Overall Rank
IVW Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IVW Sortino Ratio Rank: 4343
Sortino Ratio Rank
IVW Omega Ratio Rank: 4141
Omega Ratio Rank
IVW Calmar Ratio Rank: 4040
Calmar Ratio Rank
IVW Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

IVEIVWDifference
Sharpe ratioReturn per unit of total volatility
1.99
1.07

+0.91

Sortino ratioReturn per unit of downside risk
2.78
1.56

+1.22

Omega ratioGain probability vs. loss probability

1.36

1.19

+0.17

Calmar ratioReturn relative to maximum drawdown

3.18

1.40

+1.77

Martin ratioReturn relative to average drawdown

12.27

5.09

+7.18

IVE vs. IVW - Sharpe Ratio Comparison

The current IVE Sharpe Ratio is 1.99, which is higher than the IVW Sharpe Ratio of 1.07. 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.

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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.

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Drawdown Indicators

IVEIVWDifference

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

-1.16%

-4.39%

+3.23%

Average Drawdown

Average peak-to-trough decline

-10.04%

-17.53%

+7.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.60%

3.79%

-2.19%

Volatility

IVE vs. IVW - Volatility Comparison

The current volatility for iShares S&P 500 Value ETF (IVE) is 2.67%, while iShares S&P 500 Growth ETF (IVW) has a volatility of 6.01%. 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.

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Volatility by Period

IVEIVWDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.67%

6.01%

-3.34%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

14.74%

-7.61%

Volatility (1Y)

Calculated over the trailing 1-year period

9.93%

17.98%

-8.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.31%

21.48%

-7.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

20.76%

-3.87%

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 1.53%, more than IVW's 0.37% yield.

PositionTTM20252024202320222021202020192018201720162015
IVE
iShares S&P 500 Value ETF		1.53%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		0.37%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

IVE and IVW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IVW has higher volatility (6.01%) compared to IVE (2.67%). In terms of maximum drawdown, IVE dropped -61.32% vs IVW's -57.33%.

On 10-year performance, IVW leads with 17.24% vs 11.78% for IVE. Both ETFs have the same 0.18% expense ratio. On volatility, IVE has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IVW has performed better with a 17.24% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IVE has the higher dividend yield at 1.53%, compared with 0.37% for 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.

IVE currently has the higher Sharpe Ratio (1.99 vs 1.07), 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.

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