IWV vs. SELV

Last updated Jul 12, 2026

IWV (iShares Russell 3000 ETF) and SELV (SEI Enhanced Low Volatility US Large Cap ETF) are both Large Cap Blend Equities funds. IWV is passively managed, while SELV is actively managed. Over the past 3 years, IWV returned 20.39%/yr vs 11.13%/yr for SELV. A 0.69 correlation means they provide meaningful diversification when combined. IWV charges 0.20%/yr vs 0.15%/yr for SELV.

Performance

IWV vs. SELV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 3000 ETF (IWV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWV achieves a 11.52% return, which is significantly higher than SELV's 3.81% return.

IWV

• 1D: 0.27%
• 1M: 2.02%
• 6M: 9.28%
• YTD: 11.52%
• 1Y: 22.31%
• 3Y*: 20.39%
• 5Y*: 11.98%
• 10Y*: 14.62%

SELV

• 1D: 0.24%
• 1M: 1.03%
• 6M: 3.14%
• YTD: 3.81%
• 1Y: 9.80%
• 3Y*: 11.13%
• 5Y*: —
• 10Y*: —

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

IWV vs. SELV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IWV iShares Russell 3000 ETF	11.52%	16.96%	23.49%	25.82%	-5.15%
SELV SEI Enhanced Low Volatility US Large Cap ETF	3.81%	12.86%	14.71%	6.58%	-0.61%

Correlation

The correlation between IWV and SELV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 18, 2022	0.69

Over the past year, the correlation between IWV and SELV has dropped to 0.29 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

IWV vs. SELV - Sectors Allocation Comparison

Sectors	IWV	SELV
Technology	36.5%	21.4%
Financial Services	11.5%	4.8%
Communication Services	10.0%	15.8%
Consumer Cyclical	9.9%	4.9%
Industrials	9.1%	7.5%
Healthcare	8.9%	17.0%
Consumer Defensive	4.3%	12.3%
Energy	3.3%	4.3%
Real Estate	2.3%	0.1%
Utilities	2.1%	7.6%
Basic Materials	2.0%	2.8%

Return for Risk

IWV vs. SELV — Risk / Return Rank

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

IWV

IWV Risk / Return Rank: 66
IWV Sharpe Ratio Rank: 65
IWV Sortino Ratio Rank: 64
IWV Omega Ratio Rank: 65
IWV Calmar Ratio Rank: 62
IWV Martin Ratio Rank: 73

SELV

SELV Risk / Return Rank: 33
SELV Sharpe Ratio Rank: 32
SELV Sortino Ratio Rank: 31
SELV Omega Ratio Rank: 29
SELV Calmar Ratio Rank: 36
SELV Martin Ratio Rank: 34

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. SELV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) and SEI Enhanced Low Volatility US Large Cap ETF (SELV). 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	SELV	Difference
Sharpe ratio: Return per unit of total volatility	1.72	0.96	+0.76
Sortino ratio: Return per unit of downside risk	2.39	1.42	+0.96
Omega ratio: Gain probability vs. loss probability	1.31	1.17	+0.14
Calmar ratio: Return relative to maximum drawdown	2.46	1.50	+0.96
Martin ratio: Return relative to average drawdown	10.78	4.00	+6.78

IWV vs. SELV - Sharpe Ratio Comparison

The current IWV Sharpe Ratio is 1.72, which is higher than the SELV Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of IWV and SELV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IWV vs. SELV - Drawdown Comparison

The maximum IWV drawdown since its inception was -55.61%, which is greater than SELV's maximum drawdown of -13.73%. Use the drawdown chart below to compare losses from any high point for IWV and SELV.

Drawdown Indicators

	IWV	SELV	Difference
Max Drawdown Largest peak-to-trough decline	-55.61%	-13.73%	-41.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-5.92%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-19.28%	-8.94%	-10.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.22%	—	—
Current Drawdown Current decline from peak	-0.10%	-1.15%	+1.05%
Average Drawdown Average peak-to-trough decline	-10.55%	-2.37%	-8.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.22%	-0.20%

Volatility

IWV vs. SELV - Volatility Comparison

iShares Russell 3000 ETF (IWV) has a higher volatility of 4.23% compared to SEI Enhanced Low Volatility US Large Cap ETF (SELV) at 3.79%. This indicates that IWV's price experiences larger fluctuations and is considered to be riskier than SELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWV	SELV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	3.79%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.00%	7.23%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	9.25%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.33%	11.90%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	11.90%	+6.47%

IWV vs. SELV - Expense Ratio Comparison

IWV has a 0.20% expense ratio, which is higher than SELV's 0.15% 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. SELV - Dividend Comparison

IWV's dividend yield for the trailing twelve months is around 0.87%, less than SELV's 1.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWV iShares Russell 3000 ETF	0.87%	0.96%	1.08%	1.30%	1.56%	1.04%	1.30%	1.69%	1.97%	1.58%	1.79%	1.99%
SELV SEI Enhanced Low Volatility US Large Cap ETF	1.72%	1.74%	1.77%	2.06%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IWV and SELV in my portfolio?

IWV and SELV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWV or SELV?

IWV has higher volatility (4.23%) compared to SELV (3.79%). In terms of maximum drawdown, IWV dropped -55.61% vs SELV's -13.73%.

Which ETF is better, IWV or SELV?

On 3-year performance, IWV leads with 20.39% vs 11.13% for SELV. On fees, SELV is cheaper at 0.15% per year. On volatility, SELV has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWV or SELV?

Over the 3-year period, IWV has performed better with a 20.39% return vs 11.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWV or SELV?

SELV is cheaper with a 0.15% expense ratio, compared with 0.20% for IWV.

Which ETF pays a higher dividend yield, IWV or SELV?

SELV has the higher dividend yield at 1.72%, compared with 0.87% for IWV.

What is the main difference between IWV and SELV?

They also come from different issuers: iShares and SEI. Their fees differ too: 0.20% for IWV and 0.15% for SELV.

Which has better risk-adjusted returns?

IWV currently has the higher Sharpe Ratio (1.72 vs 0.96), 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.