IVV vs. IWB

Last updated Jun 9, 2026

IVV (iShares Core S&P 500 ETF) and IWB (iShares Russell 1000 ETF) are both exchange-traded funds - IVV is a S&P 500 fund tracking the S&P 500 Index, while IWB is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Both are passively managed. Over the past 10 years, IVV returned 15.32%/yr vs 14.97%/yr for IWB. With a 0.98 correlation, they move nearly in lockstep. IVV charges 0.03%/yr vs 0.15%/yr for IWB.

Performance

IVV vs. IWB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 ETF (IVV) and iShares Russell 1000 ETF (IWB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IVV having a 8.72% return and IWB slightly lower at 8.46%. Both investments have delivered pretty close results over the past 10 years, with IVV having a 15.32% annualized return and IWB not far behind at 14.97%.

IVV

• 1D: 0.24%
• 1M: 0.23%
• YTD: 8.72%
• 6M: 8.76%
• 1Y: 24.89%
• 3Y*: 21.44%
• 5Y*: 13.50%
• 10Y*: 15.32%

IWB

• 1D: 0.26%
• 1M: 0.43%
• YTD: 8.46%
• 6M: 8.45%
• 1Y: 23.94%
• 3Y*: 21.07%
• 5Y*: 12.59%
• 10Y*: 14.97%

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

IVV vs. IWB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVV iShares Core S&P 500 ETF	8.72%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%
IWB iShares Russell 1000 ETF	8.46%	17.18%	24.32%	26.39%	-19.19%	26.32%	20.77%	31.06%	-4.90%	21.52%

Correlation

The correlation between IVV and IWB is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since May 22, 2000	0.98

The correlation between IVV and IWB has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.

IVV vs. IWB - Sectors Allocation Comparison

Sectors	IVV	IWB
Technology	35.6%	36.6%
Financial Services	11.8%	11.3%
Communication Services	11.2%	10.4%
Consumer Cyclical	10.1%	10.0%
Healthcare	8.5%	8.6%
Industrials	8.3%	8.6%
Consumer Defensive	4.9%	4.5%
Energy	3.5%	3.3%
Utilities	2.4%	2.5%
Real Estate	1.9%	2.1%
Basic Materials	1.8%	1.9%

Return for Risk

IVV vs. IWB — Risk / Return Rank

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

IVV

IVV Risk / Return Rank: 69
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 68
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

IWB

IWB Risk / Return Rank: 66
IWB Sharpe Ratio Rank: 66
IWB Sortino Ratio Rank: 64
IWB Omega Ratio Rank: 66
IWB Calmar Ratio Rank: 60
IWB Martin Ratio Rank: 73

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.

IVV vs. IWB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 ETF (IVV) and iShares Russell 1000 ETF (IWB). 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.

	IVV	IWB	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.98	+0.10
Sortino ratio: Return per unit of downside risk	2.79	2.68	+0.12
Omega ratio: Gain probability vs. loss probability	1.38	1.36	+0.02
Calmar ratio: Return relative to maximum drawdown	2.81	2.71	+0.10
Martin ratio: Return relative to average drawdown	12.97	12.38	+0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVV vs. IWB - Sharpe Ratio Comparison

The current IVV Sharpe Ratio is 2.07, which is comparable to the IWB Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of IVV and IWB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVV	IWB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.98	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.74	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.83	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.45	0.00

Drawdowns

IVV vs. IWB - Drawdown Comparison

The maximum IVV drawdown since its inception was -55.25%, roughly equal to the maximum IWB drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IVV and IWB.

Drawdown Indicators

	IVV	IWB	Difference
Max Drawdown Largest peak-to-trough decline	-55.25%	-55.38%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.86%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.75%	-19.09%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.53%	-25.20%	+0.67%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-34.60%	+0.70%
Current Drawdown Current decline from peak	-2.67%	-2.58%	-0.09%
Average Drawdown Average peak-to-trough decline	-10.77%	-10.85%	+0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.94%	-0.02%

Volatility

IVV vs. IWB - Volatility Comparison

iShares Core S&P 500 ETF (IVV) and iShares Russell 1000 ETF (IWB) have volatilities of 3.77% and 3.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVV	IWB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.77%	3.74%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	9.37%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	12.20%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	17.14%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	18.16%	-0.09%

IVV vs. IWB - Expense Ratio Comparison

IVV has a 0.03% expense ratio, which is lower than IWB's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IVV vs. IWB - Dividend Comparison

IVV's dividend yield for the trailing twelve months is around 1.09%, more than IWB's 0.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
IWB iShares Russell 1000 ETF	0.93%	1.00%	1.14%	1.31%	1.56%	1.09%	1.37%	1.71%	2.06%	1.64%	1.89%	1.95%

Frequently Asked Questions

Can I hold both IVV and IWB in my portfolio?

With a correlation of 1.00, IVV and IWB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, IVV or IWB?

IVV has higher volatility (3.77%) compared to IWB (3.74%). In terms of maximum drawdown, IVV dropped -55.25% vs IWB's -55.38%.

Which ETF is better, IVV or IWB?

On 10-year performance, IVV leads with 15.32% vs 14.97% for IWB. On fees, IVV is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IVV or IWB?

Over the 10-year period, IVV has performed better with a 15.32% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IVV or IWB?

IVV is cheaper with a 0.03% expense ratio, compared with 0.15% for IWB.

Which ETF pays a higher dividend yield, IVV or IWB?

IVV has the higher dividend yield at 1.09%, compared with 0.93% for IWB.

What is the main difference between IVV and IWB?

IVV is categorized as S&P 500, while IWB is Large Cap Blend Equities. IVV tracks S&P 500 Index, while IWB tracks Russell 1000 Index. Their fees differ too: 0.03% for IVV and 0.15% for IWB.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.07 vs 1.98), 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.