IVW vs. IVV
Compare and contrast key facts about iShares S&P 500 Growth ETF (IVW) and iShares Core S&P 500 ETF (IVV).
IVW and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IVW is a passively managed fund by iShares that tracks the performance of the S&P 500/Citigroup Growth Index. It was launched on May 22, 2000. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both IVW and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IVW or IVV.
Key characteristics
| IVW | IVV | |
|---|---|---|
| YTD Return | 10.00% | 7.28% |
| 1Y Return | 29.58% | 25.16% |
| 3Y Return (Ann) | 6.55% | 8.43% |
| 5Y Return (Ann) | 14.15% | 13.49% |
| 10Y Return (Ann) | 14.12% | 12.55% |
| Sharpe Ratio | 2.29 | 2.36 |
| Daily Std Dev | 13.89% | 11.72% |
| Max Drawdown | -57.35% | -55.25% |
| Current Drawdown | -3.07% | -2.85% |
Correlation
The correlation between IVW and IVV is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IVW vs. IVV - Performance Comparison
In the year-to-date period, IVW achieves a 10.00% return, which is significantly higher than IVV's 7.28% return. Over the past 10 years, IVW has outperformed IVV with an annualized return of 14.12%, while IVV has yielded a comparatively lower 12.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IVW vs. IVV - Expense Ratio Comparison
IVW has a 0.18% expense ratio, which is higher than IVV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IVW vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Growth ETF (IVW) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
IVW vs. IVV - Dividend Comparison
IVW's dividend yield for the trailing twelve months is around 0.81%, less than IVV's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVW iShares S&P 500 Growth ETF | 0.81% | 1.03% | 0.89% | 0.46% | 0.82% | 1.62% | 1.27% | 1.30% | 1.51% | 1.51% | 1.36% | 1.44% |
IVV iShares Core S&P 500 ETF | 1.35% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
IVW vs. IVV - Drawdown Comparison
The maximum IVW drawdown since its inception was -57.35%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IVW and IVV. For additional features, visit the drawdowns tool.
Volatility
IVW vs. IVV - Volatility Comparison
iShares S&P 500 Growth ETF (IVW) has a higher volatility of 5.27% compared to iShares Core S&P 500 ETF (IVV) at 3.60%. This indicates that IVW's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.