IWV vs. IVV
IWV (iShares Russell 3000 ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - IWV is a Large Cap Blend Equities fund tracking the Russell 3000 Index, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IWV returned 14.47%/yr vs 15.11%/yr for IVV. Their 0.98 correlation means they have historically moved very closely together. IWV charges 0.20%/yr vs 0.03%/yr for IVV.
Performance
IWV vs. IVV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IWV having a 10.30% return and IVV slightly lower at 10.13%. Both investments have delivered pretty close results over the past 10 years, with IWV having a 14.47% annualized return and IVV not far ahead at 15.11%.
IWV
- 1D
- 0.58%
- 1M
- -0.09%
- 6M
- 8.66%
- YTD
- 10.30%
- 1Y
- 21.48%
- 3Y*
- 18.70%
- 5Y*
- 11.66%
- 10Y*
- 14.47%
- ALL TIME*
- 8.56%
IVV
- 1D
- 0.69%
- 1M
- 0.25%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.55%
- 3Y*
- 19.40%
- 5Y*
- 12.82%
- 10Y*
- 15.11%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.36B | $3.31B | $5.91B | |
| $79.44M | $75.17M | $98.92M |
IWV vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 10.30% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
IVV iShares Core S&P 500 ETF | 10.13% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Correlation
The correlation between IWV and IVV is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.98 |
The correlation between IWV and IVV has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
IWV vs. IVV - Sectors Allocation Comparison
Sectors
IWV
IVV
Technology
Financial Services
Industrials
Consumer Cyclical
Healthcare
Communication Services
Consumer Defensive
Energy
Real Estate
Utilities
Basic Materials
Technology
IWV
IVV
Financial Services
IWV
IVV
Industrials
IWV
IVV
Consumer Cyclical
IWV
IVV
Healthcare
IWV
IVV
Communication Services
IWV
IVV
Consumer Defensive
IWV
IVV
Energy
IWV
IVV
Real Estate
IWV
IVV
Utilities
IWV
IVV
Basic Materials
IWV
IVV
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Return for Risk
IWV vs. IVV — Risk / Return Rank
IWV
IVV
IWV vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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.
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.
| IWV | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.21 | -0.01 |
| Martin ratioReturn relative to average drawdown | 9.53 | 9.43 | +0.10 |
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Drawdowns
IWV vs. IVV - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, roughly equal to the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for IWV and IVV.
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Drawdown Indicators
| IWV | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -55.25% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.89% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -18.75% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -24.53% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -33.90% | -1.32% |
Current DrawdownCurrent decline from peak | -1.20% | -1.41% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -10.53% | -10.72% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.09% | -0.04% |
Volatility
IWV vs. IVV - Volatility Comparison
iShares Russell 3000 ETF (IWV) and iShares Core S&P 500 ETF (IVV) have volatilities of 3.35% and 3.52%, 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.
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Volatility by Period
| IWV | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.52% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 10.18% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 12.89% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 17.01% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 18.06% | +0.34% |
IWV vs. IVV - Expense Ratio Comparison
IWV has a 0.20% 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%.
Dividends
IWV vs. IVV - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 0.88%, less than IVV's 1.09% 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% |
IWV iShares Russell 3000 ETF | 0.88% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
Frequently Asked Questions
With a correlation of 0.99, IWV and IVV 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.
IVV has higher volatility (3.52%) compared to IWV (3.35%). In terms of maximum drawdown, IWV dropped -55.61% vs IVV's -55.25%.
On 10-year performance, IVV leads with 15.11% vs 14.47% for IWV. On fees, IVV is cheaper at 0.03% per year. On volatility, IWV has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IVV has performed better with a 15.11% return vs 14.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.20% for IWV.
IVV has the higher dividend yield at 1.09%, compared with 0.88% for IWV.
IWV is categorized as Large Cap Blend Equities, while IVV is S&P 500. IWV tracks Russell 3000 Index, while IVV tracks S&P 500 Index. Their fees differ too: 0.20% for IWV and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (1.53 vs 1.51), 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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