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IVW vs. IVE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVW vs. IVE

Last updated Aug 2, 2026
Documentation

IVW (iShares S&P 500 Growth ETF) and IVE (iShares S&P 500 Value ETF) are both exchange-traded funds - IVW is a Large Cap Growth Equities fund tracking the S&P 500 Growth Index, while IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, IVW returned 17.24%/yr vs 11.78%/yr for IVE. Their correlation of 0.80 means they have usually moved in the same direction. Both charge a 0.18% expense ratio.

Performance

IVW vs. IVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P 500 Growth ETF (IVW) and iShares S&P 500 Value ETF (IVE). 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 investments are quite close, with IVW having a 9.92% return and IVE slightly higher at 10.10%. Over the past 10 years, IVW has outperformed IVE with an annualized return of 17.24%, while IVE has yielded a comparatively lower 11.78% annualized return.

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%

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%
*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

IVW vs. IVE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
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%

Correlation

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

IVW vs. IVE - Sectors Allocation Comparison

Sectors
IVW
IVE

Technology

52.3%
21.7%

Communication Services

15.6%
2.9%

Financial Services

8.7%
15.0%

Consumer Cyclical

8.6%
10.6%

Industrials

6.4%
10.9%

Healthcare

6.2%
12.2%

Consumer Defensive

1.0%
8.8%

Real Estate

0.6%
3.3%

Utilities

0.4%
4.5%

Basic Materials

0.3%
3.3%

Energy

0.1%
6.6%

Technology

IVW
52.3%
IVE
21.7%

Communication Services

IVW
15.6%
IVE
2.9%

Financial Services

IVW
8.7%
IVE
15.0%

Consumer Cyclical

IVW
8.6%
IVE
10.6%

Industrials

IVW
6.4%
IVE
10.9%

Healthcare

IVW
6.2%
IVE
12.2%

Consumer Defensive

IVW
1.0%
IVE
8.8%

Real Estate

IVW
0.6%
IVE
3.3%

Utilities

IVW
0.4%
IVE
4.5%

Basic Materials

IVW
0.3%
IVE
3.3%

Energy

IVW
0.1%
IVE
6.6%

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 Growth ETF

iShares S&P 500 Value ETF

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

Return for Risk

IVW vs. IVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
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
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
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.

IVW vs. IVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) and iShares S&P 500 Value ETF (IVE). 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.

IVWIVEDifference
Sharpe ratioReturn per unit of total volatility
1.07
1.99

-0.91

Sortino ratioReturn per unit of downside risk
1.56
2.78

-1.22

Omega ratioGain probability vs. loss probability

1.19

1.36

-0.17

Calmar ratioReturn relative to maximum drawdown

1.40

3.18

-1.77

Martin ratioReturn relative to average drawdown

5.09

12.27

-7.18

IVW vs. IVE - Sharpe Ratio Comparison

The current IVW Sharpe Ratio is 1.07, which is lower than the IVE Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IVW and IVE, 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

IVW vs. IVE - Drawdown Comparison

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

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Drawdown Indicators

IVWIVEDifference

Max Drawdown

Largest peak-to-trough decline

-57.33%

-61.32%

+3.99%

Max Drawdown (1Y)

Largest decline over 1 year

-13.75%

-6.19%

-7.56%

Max Drawdown (3Y)

Largest decline over 3 years

-22.15%

-17.58%

-4.57%

Max Drawdown (5Y)

Largest decline over 5 years

-32.72%

-18.04%

-14.68%

Max Drawdown (10Y)

Largest decline over 10 years

-32.72%

-37.04%

+4.32%

Current Drawdown

Current decline from peak

-4.39%

-1.16%

-3.23%

Average Drawdown

Average peak-to-trough decline

-17.53%

-10.04%

-7.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.79%

1.60%

+2.19%

Volatility

IVW vs. IVE - Volatility Comparison

iShares S&P 500 Growth ETF (IVW) has a higher volatility of 6.01% compared to iShares S&P 500 Value ETF (IVE) at 2.67%. This indicates that IVW's price experiences larger fluctuations and is considered to be riskier than IVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IVWIVEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.01%

2.67%

+3.34%

Volatility (6M)

Calculated over the trailing 6-month period

14.74%

7.13%

+7.61%

Volatility (1Y)

Calculated over the trailing 1-year period

17.98%

9.93%

+8.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.48%

14.31%

+7.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.76%

16.89%

+3.87%

IVW vs. IVE - Expense Ratio Comparison

Both IVW and IVE 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

IVW vs. IVE - Dividend Comparison

IVW's dividend yield for the trailing twelve months is around 0.37%, less than IVE's 1.53% 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

IVW and IVE 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, IVW dropped -57.33% vs IVE's -61.32%.

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.

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

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

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