Which returned more over the last year, IVV or IWL?

In the year to Oct 9, 2026, with distributions reinvested, IVV returned +17.3% and IWL +16.8%.

Which is cheaper, IVV or IWL?

IVV is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do IVV and IWL overlap with the S&P 500?

By their latest filed holdings, 100% of IVV and 99% of IWL by weight is stocks the S&P 500 already holds.

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IVV vs IWL: Differences, Returns & Fees

IVV and IWL hold 86% of their weight in the same names. Net assets on Oct 9, 2026: $896.4bn for iShares Core S&P 500 ETF and $2.3bn for iShares Russell Top 200 ETF.

IVV costs 0.12 points a year less; their one-year returns differ by 0.5 points; IVV is far larger, $896.4bn against $2.3bn.

IVV vs IWL: Differences, Returns & Fees
	IVV	IWL
Expense ratio	0.03%	0.15%
Net assets	$896.4bn	$2.3bn
Total return, 1 year	+17.3%	+16.8%
What it tracks	S&P 500	Russell Top 200 Index
Holdings in common	86%
Top ten holdings, share of the fund	39.0%	44.6%

Holdings in common uses holdings dated Oct 9, 2026.

+17.3%

IVV total return, 1 year

+16.8%

IWL total return, 1 year

0.03%

IVV expense ratio

0.15%

IWL expense ratio

What they hold in common

By the books each fund has filed, IVV and IWL hold 86% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

50%

half

86% in common

Positions both hold, largest shared weight first

Holding IVV IWL

NVIDIA 8.23% 9.18%

APPLE 7.29% 8.35%

MICROSOFT 5.89% 6.82%

AMAZON.COM INC 3.82% 4.37%

ALPHABET CLASS A 3.06% 3.52%

BROADCOM INC 2.55% 2.89%

ALPHABET CLASS C 2.45% 2.84%

META PLATFORMS CLASS A 2.35% 2.71%

MICRON TECHNOLOGY 1.72% 1.99%

TESLA INC 1.60% 1.92%

ADVANCED MICRO DEVICES 1.47% 1.70%

BERKSHIRE HATHAWAY INC CLASS B 1.42% 1.65%

Only in IVV

SEAGATE TECHNOLOGY HOLDINGS PLC 0.26%

MARATHON PETROLEUM 0.19%

PHILLIPS 66 0.16%

DATADOG INC CLASS A 0.15%

HEWLETT PACKARD ENTERPRISE 0.14%

LUMENTUM HOLDINGS 0.14%

ROBINHOOD MARKETS CLASS A 0.13%

MODERNA 0.12%

Only in IWL

SPACE EXPLORATION TECHNOLOGIES COR 0.17%

SPOTIFY TECHNOLOGY 0.14%

NU HOLDINGS CLASS A 0.10%

STRATEGY INC CLASS A 0.09%

BROOKFIELD ASSET MANAGEMENT VOTING 0.03%

SOUTHERN COPPER CORP 0.03%

MOBILITY GLOBAL INC 0.01%

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On the same fields

IVV

iShares Core S&P 500 ETF

IWL

iShares Russell Top 200 ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the S&P 500 Tracks an index

Total return, 1 year +17.3% +16.8%

Its benchmark over the same days +17.3% (SPY) not published

Gap to its benchmark +0.1 pts vs SPY not available

Expense ratio 0.03% 0.15%

Already in the S&P 500 99.8% 99.2%

Holdings 505 202

Net assets $896.4bn $2.3bn

IVV and IWL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IVV

IVV tracks the S&P 500. Over the year to Oct 9, 2026 it returned +17.3% with distributions reinvested, against +17.3% 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 9, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 39.0%.

About IWL

IWL tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 202 positions, with the top ten at 44.6%.

Questions people ask

Which returned more over the last year, IVV or IWL?: In the year to Oct 9, 2026, with distributions reinvested, IVV returned +17.3% and IWL +16.8%.
Which is cheaper, IVV or IWL?: IVV is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IVV and IWL overlap with the S&P 500?: By their latest filed holdings, 100% of IVV and 99% of IWL by weight is stocks the S&P 500 already holds.

Other comparisons

IVV vs SFLR IVV vs QDF IVV vs TILT IVV vs TMFC IWL vs SPY IWL vs VOO IWL vs VTI IWB vs IWL

IVV on its own →IWL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

IVV and IWL filings on SEC EDGAR ↗IVV and IWL prospectus with the expense ratio (SEC) ↗iShares page for IVV ↗iShares page for IWL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, IVV against IWL, data as of Oct 9, 2026. https://etfiq.com/compare/any/ivv-vs-iwl

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.