Data as of Oct 28, 2026.
IVV vs IVVW: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to IVVW's +14.9%, and IVV charges 0.03% to IVVW's 0.25%.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $352m for iShares IVV Premium Income+ ETF.
Pair scorecard
IVV costs 0.22 points a year less; their one-year returns differ by 1.2 points; IVV is far larger, $885.1bn against $352m.
| Measure | IVV | IVVW |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +14.9% |
| Price change, 1 year | rose 12.4% | fell 4.3% |
| Latest payout, annualized | 23.5% | |
| Return of capital, issuer estimate | 49% of the Oct 7, 2026 payment | |
| Against its benchmark | ||
| What it tracks | S&P 500 | Benchmark: S&P 500, measured through SPY |
| Against its benchmark, same days | ahead by 1.3 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 0.25% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $352m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 22, 2024 to Oct 23, 2026 · 135 weekly returns · each against SPYIVV returned more: +50.3% to +37.5%. IVVW swung less: 10.1% to 14.6%. IVVW fell less at its worst: −15.0% to −16.9%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | IVVW | SPY | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +50.3% | +37.5% | IVV | Price change plus distributions, reinvested. | |
| Annualized | +17.0% | +13.1% | IVV | Total return as a yearly rate. | |
| Price return | +45.7% | −11.5% | IVV | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 14.6% | 10.1% | IVVW | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 9.6% | 7.2% | IVVW | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −16.9% | −15.0% | IVVW | Deepest fall from a high to the low after it. | |
| Upside capture | 100.7% | 51.5% | 100.0% | IVV | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.3% | 62.2% | 100.0% | IVVW | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.00 | 0.63 | 1.00 | IVVW lower | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 0.82 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.85 | 0.84 | Tie | Return above Treasury bills per unit of volatility. | |
| Sortino | 1.30 | 1.18 | IVV (slight) | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.124 | 0.135 | 0.124 | IVVW (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 1.01 | 0.87 | IVV | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | SPY | SPY | SPY | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.7% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.04 | 0.27 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.4% to +0.4% | −4.6% to +6.0% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.19 | −0.57 | IVV | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.3% | 6.9% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 135 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and IVVW hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
IVV and IVVW on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
IVV and IVVW do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and IVVW is measured against S&P 500 through SPY.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. IVV charges 0.03% of assets a year and IVVW 0.25%, a gap of 0.22 points.
Data as of Oct 28, 2026.
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IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
IVVW
Over the year to Oct 28, 2026, IVVW paid 17.5% of its starting value in cash distributions while its price fell 4.3%. With every distribution reinvested, the fund returned +14.9%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 1.3 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 23.5%, paid monthly. iShares estimates that 49% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are IVV and IVVW in the same category?
- IVV is a stock ETF and IVVW is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, IVV or IVVW?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and IVVW +14.9%.
- Which is cheaper, IVV or IVVW?
- IVV is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, IVV against IVVW, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-ivvw
ETFIQ. (Oct 28, 2026). IVV against IVVW. Retrieved from https://etfiq.com/compare/any/ivv-vs-ivvw
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