Data as of Oct 28, 2026.
IVV vs IWM: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to IWM's +14.1%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $75.5bn for iShares Russell 2000 ETF.
Pair scorecard
IVV costs 0.16 points a year less; their one-year returns differ by 0.4 points; IVV is 11.7 times larger.
| Measure | IVV | IWM |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | +14.1% |
| Drawdown | ||
| Below its high | 7.6%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | S&P 500 | Russell 2000 Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.19% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $75.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 38.1% | 3.3% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 2, 2000 to Oct 23, 2026 · 1,377 weekly returnsEach against its own benchmark: IVV against SPY, May 26, 2000 to Oct 23, 2026; IWM against VTWO, Oct 1, 2010 to Oct 23, 2026.
IVV returned slightly more: +724.7% to +656.6%. IVV swung less: 17.3% to 22.3%. IVV fell slightly less at its worst: −54.7% to −57.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | IVV | IWM | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +724.7% | +656.6% | IVV (slight) | Price change plus distributions, reinvested. |
| Annualized | +8.3% | +7.9% | IVV (slight) | Total return as a yearly rate. |
| Price return | +416.1% | +438.6% | IWM (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.3% | 22.3% | IVV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 15.7% | IVV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −54.7% | −57.7% | IVV (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 99.3% | 101.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 99.7% | 100.5% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.45 | 0.38 | IVV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.63 | 0.53 | IVV | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.081 | 0.106 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.15 | 0.14 | IVV (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | VTWO | The ETF each fund is measured against. | |
| Alpha | +0.1% a year | −0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.33 | −0.36 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.4% to +0.5% | −0.6% to +0.4% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | −0.02 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.2% | 1.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,377 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IVV and IWM 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 IWM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IVV and IWM do different jobs. What does each one do in a portfolio?
- What each follows. IVV follows S&P 500 and IWM follows Russell 2000 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Number of holdings. IVV holds 505 positions and IWM holds 1977.
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%.
IWM
IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, IVV or IWM?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and IWM +14.1%.
- Which is cheaper, IVV or IWM?
- IVV is cheaper, by 0.16 percentage points a year. That is about $16 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.
Cite this pageCitation, APA and Markdown
ETFIQ, IVV against IWM, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-iwm
ETFIQ. (Oct 28, 2026). IVV against IWM. Retrieved from https://etfiq.com/compare/any/ivv-vs-iwm
[IVV against IWM (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-iwm)
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