IWV vs. IVV

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Russell 3000 ETF (IWV) and iShares Core S&P 500 ETF (IVV).

IWV and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 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 IWV 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.

Performance

IWV vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 3000 ETF (IWV) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

IWV vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWV iShares Russell 3000 ETF	-3.99%	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	-4.38%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Returns By Period

In the year-to-date period, IWV achieves a -3.99% return, which is significantly higher than IVV's -4.38% return. Both investments have delivered pretty close results over the past 10 years, with IWV having a 13.46% annualized return and IVV not far ahead at 14.02%.

IWV

• 1D: 2.99%
• 1M: -4.93%
• YTD: -3.99%
• 6M: -1.71%
• 1Y: 17.86%
• 3Y*: 17.68%
• 5Y*: 10.40%
• 10Y*: 13.46%

IVV

• 1D: 2.88%
• 1M: -4.99%
• YTD: -4.38%
• 6M: -1.80%
• 1Y: 17.69%
• 3Y*: 18.29%
• 5Y*: 11.76%
• 10Y*: 14.02%

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

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%.

IWV

iShares Russell 3000 ETF

IVV

iShares Core S&P 500 ETF

Return for Risk

IWV vs. IVV — Risk / Return Rank

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

IWV

IWV Risk / Return Rank: 64
IWV Sharpe Ratio Rank: 58
IWV Sortino Ratio Rank: 62
IWV Omega Ratio Rank: 64
IWV Calmar Ratio Rank: 63
IWV Martin Ratio Rank: 74

IVV

IVV Risk / Return Rank: 65
IVV Sharpe Ratio Rank: 58
IVV Sortino Ratio Rank: 62
IVV Omega Ratio Rank: 66
IVV Calmar Ratio Rank: 65
IVV Martin Ratio Rank: 75

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.

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.

	IWV	IVV	Difference
Sharpe ratio Return per unit of total volatility	0.97	0.97	0.00
Sortino ratio Return per unit of downside risk	1.49	1.49	+0.01
Omega ratio Gain probability vs. loss probability	1.22	1.23	0.00
Calmar ratio Return relative to maximum drawdown	1.50	1.53	-0.03
Martin ratio Return relative to average drawdown	7.18	7.32	-0.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWV vs. IVV - Sharpe Ratio Comparison

The current IWV Sharpe Ratio is 0.97, which is comparable to the IVV Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of IWV and IVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWV	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	0.97	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.70	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.78	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.42	0.00

Correlation

The correlation between IWV and IVV is 0.98, 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.

Dividends

IWV vs. IVV - Dividend Comparison

IWV's dividend yield for the trailing twelve months is around 0.99%, less than IVV's 1.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWV iShares Russell 3000 ETF	0.99%	0.96%	1.08%	1.30%	1.56%	1.04%	1.30%	1.69%	1.97%	1.58%	1.79%	1.99%
IVV iShares Core S&P 500 ETF	1.23%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%

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.

Drawdown Indicators

	IWV	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-55.61%	-55.25%	-0.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-12.06%	-0.25%
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 Drawdown Current decline from peak	-6.17%	-6.26%	+0.09%
Average Drawdown Average peak-to-trough decline	-10.65%	-10.85%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.53%	+0.04%

Volatility

IWV vs. IVV - Volatility Comparison

iShares Russell 3000 ETF (IWV) and iShares Core S&P 500 ETF (IVV) have volatilities of 5.43% and 5.30%, 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

	IWV	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	5.30%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	9.45%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	18.31%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	16.89%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	18.04%	+0.35%