ETF Versus

IVV vs IWM

iShares Core S&P 500 ETF vs iShares Russell 2000 ETF

Last updated: 2026-04-02

IVV iShares

iShares Core S&P 500 ETF (IVV) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.23%. Launched in 2000, the fund has a 26-year track record.

AUM: $702.1B ER: 0.03% Yield: 1.23% Since: May 15, 2000
IWM iShares

iShares Russell 2000 ETF (IWM) is an exchange-traded fund issued by iShares that provides exposure to small-cap U.S. equities with higher growth potential and volatility. It charges a moderate expense ratio of 0.19%. The fund offers a moderate dividend yield of 1.02%. Launched in 2000, the fund has a 26-year track record.

AUM: $69.0B ER: 0.19% Yield: 1.02% Since: May 22, 2000

Quick Verdict

IVV is significantly cheaper at 0.03% vs 0.19% expense ratio, saving you approximately $317 per $10,000 invested over 10 years. Over the past year, IWM has significantly outperformed with a 25.1% return vs 16.7%.

Key Metrics

Metric IVV IWM
Expense Ratio 0.03% 0.19%
Dividend Yield 1.2% 1.0%
Fund Family iShares iShares
Category US Large Cap Blend US Small Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

70 91 112 133 154 175 2021-04 2022-06 2023-09 2024-12 2026-04
IVV +61.3%
IWM +10.9%

Performance Comparison

Period IVV IWM Difference
1 Month -4.55% -5.40% +0.85%
3 Months -4.10% +0.31% -4.41%
6 Months -2.14% +1.52% -3.66%
YTD -4.10% +0.31% -4.41%
1 Year +16.72% +25.09% -8.37%
3 Years +59.51% +39.83% +19.68%
5 Years +61.35% +10.93% +50.42%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IVV Fees IWM Fees You Save
$10.000 10 years $60 $377 $317
$10.000 20 years $258 $1.613 $1.355
$10.000 30 years $835 $5.178 $4.342
$50.000 10 years $299 $1.884 $1.585
$50.000 30 years $4.176 $25.888 $21.712
$100.000 30 years $8.352 $51.776 $43.424

Risk Metrics

Based on 5 years of daily returns

Metric IVV IWM
Annualized Volatility 16.9% 22.6%
Max Drawdown -25.4% -33.1%
Sharpe Ratio 0.39 0.01

Dividend Comparison

Metric IVV IWM
Annual Dividend (per share) $8.06 $2.54
Dividend Yield 1.22% 1.02%
Distribution Frequency Quarterly Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

IVV Top Holdings

NameWeight
NVIDIA CorporationNVDA7.45%
Apple Inc.AAPL6.68%
Microsoft CorporationMSFT4.85%
Amazon.com, Inc.AMZN3.56%
Broadcom Inc.AVGO2.61%
Alphabet Inc.GOOG2.34%
Meta Platforms, Inc.META2.10%
Tesla, Inc.TSLA1.86%
Berkshire Hathaway Inc.BRK.B1.57%

IWM Top Holdings

NameWeight
Bloom Energy CorporationBE1.01%
FabrinetFN0.69%
Nextpower Inc.NXT0.61%
COEUR MINING INCCDE.NE0.60%
EchoStar CorporationSATS0.54%
Credo Technology Group Holding LtdCRDO0.53%
Kratos Defense & Security Solutions, Inc.KTOS0.45%
Sterling Infrastructure, Inc.STRL0.43%
Advanced Energy Industries, Inc.AEIS0.41%
Hecla Mining CompanyHL0.39%

Which One Should You Choose?

Choose IVV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IWM if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

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