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IWV vs. SPTM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWV vs. SPTM

Last updated Jun 5, 2026

IWV (iShares Russell 3000 ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both Large Cap Blend Equities funds - IWV tracks the Russell 3000 Index while SPTM tracks the S&P Composite 1500 Index. Both are passively managed. Over the past 10 years, IWV returned 14.85%/yr vs 15.23%/yr for SPTM. Their correlation of 0.94 suggests significant overlap in exposure. IWV charges 0.20%/yr vs 0.03%/yr for SPTM.

Performance

IWV vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 3000 ETF (IWV) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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 IWV having a 11.36% return and SPTM slightly higher at 11.57%. Both investments have delivered pretty close results over the past 10 years, with IWV having a 14.85% annualized return and SPTM not far ahead at 15.23%.

IWV

1D
0.52%
1M
4.56%
YTD
11.36%
6M
11.08%
1Y
28.12%
3Y*
22.07%
5Y*
12.64%
10Y*
14.85%

SPTM

1D
0.43%
1M
4.45%
YTD
11.57%
6M
11.50%
1Y
28.51%
3Y*
22.16%
5Y*
13.47%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWV vs. SPTM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWV
iShares Russell 3000 ETF		11.36%16.96%23.49%25.82%-19.28%25.54%20.55%30.66%-5.43%20.97%
SPTM
SPDR Portfolio S&P 1500 Composite Stock Market ETF		11.57%16.93%23.87%25.55%-17.75%28.58%17.94%31.34%-5.30%21.18%

Correlation

The correlation between IWV and SPTM is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2000

0.94

The correlation between IWV and SPTM has been stable across timeframes, ranging from 0.94 to 1.00 - a consistent structural relationship.

IWV vs. SPTM - Sectors Allocation Comparison

Sectors
IWV
SPTM

Technology

33.1%
34.0%

Financial Services

12.2%
12.1%

Communication Services

10.5%
10.5%

Consumer Cyclical

10.2%
10.3%

Industrials

9.6%
9.4%

Healthcare

9.1%
8.6%

Consumer Defensive

4.7%
4.8%

Energy

3.8%
3.7%

Real Estate

2.4%
2.3%

Utilities

2.3%
2.3%

Basic Materials

2.2%
2.0%

Technology

IWV
33.1%
SPTM
34.0%

Financial Services

IWV
12.2%
SPTM
12.1%

Communication Services

IWV
10.5%
SPTM
10.5%

Consumer Cyclical

IWV
10.2%
SPTM
10.3%

Industrials

IWV
9.6%
SPTM
9.4%

Healthcare

IWV
9.1%
SPTM
8.6%

Consumer Defensive

IWV
4.7%
SPTM
4.8%

Energy

IWV
3.8%
SPTM
3.7%

Real Estate

IWV
2.4%
SPTM
2.3%

Utilities

IWV
2.3%
SPTM
2.3%

Basic Materials

IWV
2.2%
SPTM
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Russell 3000 ETF

SPDR Portfolio S&P 1500 Composite Stock Market ETF

Often compared with IWV:
IWV vs. SPYIWV vs. VTIIWV vs. IWMIWV vs. ACWXIWV vs. VTHRIWV vs. IVVIWV vs. RSP
Often compared with SPTM:
SPTM vs. VTISPTM vs. SPYSPTM vs. VOOSPTM vs. ITOTSPTM vs. SCHGSPTM vs. BKLCSPTM vs. SCHD

Return for Risk

IWV vs. SPTM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWV
IWV Risk / Return Rank: 7272
Overall Rank
IWV Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IWV Sortino Ratio Rank: 7272
Sortino Ratio Rank
IWV Omega Ratio Rank: 7272
Omega Ratio Rank
IWV Calmar Ratio Rank: 6565
Calmar Ratio Rank
IWV Martin Ratio Rank: 7777
Martin Ratio Rank
SPTM
SPTM Risk / Return Rank: 7474
Overall Rank
SPTM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SPTM Sortino Ratio Rank: 7474
Sortino Ratio Rank
SPTM Omega Ratio Rank: 7474
Omega Ratio Rank
SPTM Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPTM Martin Ratio Rank: 7979
Martin Ratio Rank
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. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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.

IWVSPTMDifference
Sharpe ratioReturn per unit of total volatility
2.33
2.41

-0.08

Sortino ratioReturn per unit of downside risk
3.20
3.29

-0.09

Omega ratioGain probability vs. loss probability

1.42

1.44

-0.01

Calmar ratioReturn relative to maximum drawdown

3.18

3.30

-0.12

Martin ratioReturn relative to average drawdown

14.64

15.38

-0.74

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. SPTM - Sharpe Ratio Comparison

The current IWV Sharpe Ratio is 2.33, which is comparable to the SPTM Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of IWV and SPTM, 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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Sharpe Ratios by Period

IWVSPTMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.33

2.41

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.80

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.85

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.46

-0.01

Drawdowns

IWV vs. SPTM - Drawdown Comparison

The maximum IWV drawdown since its inception was -55.61%, roughly equal to the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for IWV and SPTM.

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Drawdown Indicators

IWVSPTMDifference

Max Drawdown

Largest peak-to-trough decline

-55.61%

-54.80%

-0.81%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-8.68%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-19.28%

-18.87%

-0.41%

Max Drawdown (5Y)

Largest decline over 5 years

-25.11%

-24.14%

-0.97%

Max Drawdown (10Y)

Largest decline over 10 years

-35.22%

-34.66%

-0.56%

Current Drawdown

Current decline from peak

-0.25%

-0.25%

0.00%

Average Drawdown

Average peak-to-trough decline

-10.59%

-9.05%

-1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

1.86%

+0.07%

Volatility

IWV vs. SPTM - Volatility Comparison

iShares Russell 3000 ETF (IWV) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) have volatilities of 2.91% and 2.82%, 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

IWVSPTMDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.91%

2.82%

+0.09%

Volatility (6M)

Calculated over the trailing 6-month period

9.10%

8.93%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

12.11%

11.87%

+0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.24%

16.86%

+0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.40%

18.03%

+0.37%

IWV vs. SPTM - Expense Ratio Comparison

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

IWV's dividend yield for the trailing twelve months is around 0.85%, less than SPTM's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IWV
iShares Russell 3000 ETF		0.85%0.96%1.08%1.30%1.56%1.04%1.30%1.69%1.97%1.58%1.79%1.99%
SPTM
SPDR Portfolio S&P 1500 Composite Stock Market ETF		1.03%1.13%1.28%1.44%1.69%1.25%1.56%1.72%1.90%1.66%1.91%1.92%

Frequently Asked Questions

With a correlation of 1.00, IWV and SPTM 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.

IWV has higher volatility (2.91%) compared to SPTM (2.82%). In terms of maximum drawdown, IWV dropped -55.61% vs SPTM's -54.80%.

On 10-year performance, SPTM leads with 15.23% vs 14.85% for IWV. On fees, SPTM is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPTM has performed better with a 15.23% return vs 14.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPTM is cheaper with a 0.03% expense ratio, compared with 0.20% for IWV.

SPTM has the higher dividend yield at 1.03%, compared with 0.85% for IWV.

IWV tracks Russell 3000 Index, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IWV and 0.03% for SPTM.

SPTM currently has the higher Sharpe Ratio (2.41 vs 2.33), 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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