HWO vs IVV
Hotchkis & Wiley Opportunities Fund ETF vs iShares Core S&P 500 ETF
Which is better, HWO or IVV?
Mid Cap Value against Large Cap Blend.
IVV has a lower expense ratio. HWO led over 1Y. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 45.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | HWO | IVV |
|---|---|---|
| Expense Ratio | 0.90% | 0.03%Best |
| AUM | $532,756.73 | $896.5B |
| Dividend Yield | 0.00% | 1.10% |
| Holdings | 53 | 508 |
| YTD Return | +5.80% | +13.59%Best |
| 1Y Return | - | +17.54% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.28% |
| Top 10 Weight | 45.5% | 38.9%Best |
| Fund Family | Hotchkis & Wiley Funds | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Mid Cap Value | Large Cap Blend |
| Inception | Jul 22, 2026 | May 15, 2000 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window.
HWO vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
HWO vs IVV Performance
Hotchkis & Wiley Opportunities Fund ETF (HWO) is an ETF from Hotchkis & Wiley Funds and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Year to date, HWO is up 5.80% versus a gain of 13.59% for IVV.
Past performance does not guarantee future results.
Fees and Cost Over Time
HWO charges 0.90% per year while IVV charges 0.03%. On a $10,000 position that is $90 vs $3 annually, a gap of $87 per year that compounds over a long holding period. On income, HWO currently yields 0.00% against 1.10% for IVV.
Holdings Overlap
55.7% of HWO's money is in holdings IVV also owns. 12.0% of IVV's money is in holdings HWO also owns.
The two portfolios partly overlap.
28 positions in common, counted across the 53 positions we hold weights for in HWO and 506 in IVV, against full books of 53 and 508.
What only one of them owns
Our book lists 473 positions for IVV that do not appear in our book for HWO (87.5% of the fund), and 17 for HWO that do not appear in IVV (30.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in HWO | Weight in IVV | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.88% | 5.76% | 0.12% |
| WDAYWorkday, Inc., Class A | 8.39% | 0.06% | 8.33% |
| APTV:SMAptiv Ltd | 4.46% | 0.01% | 4.45% |
| CDWCDW Corporation | 3.92% | 0.03% | 3.89% |
| GOOGLAlphabet Inc | 0.75% | 3.00% | 2.25% |
| DDominion Energy Inc. | 3.52% | 0.08% | 3.44% |
| PPGPpg Industries Inc. | 3.25% | 0.04% | 3.21% |
| APAApa Corp | 2.73% | 0.02% | 2.71% |
| AIGAmerican International Gr | 2.39% | 0.06% | 2.33% |
| COPConocophillips Common Stock USD 0.01 | 2.12% | 0.23% | 1.89% |
55.7% of HWO is already inside IVV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HWO or IVV?
HWO has an expense ratio of 0.90% while IVV charges 0.03%. IVV is the cheaper option, by $87 a year on a $10,000 investment.
What is the holdings overlap between HWO and IVV?
55.7% of HWO's money is in holdings IVV also owns. 12.0% of IVV's is in holdings HWO also owns. They hold 28 positions in common, counted across the 53 positions we hold weights for in HWO and 506 in IVV.
Which pays a higher dividend, HWO or IVV?
HWO yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
Is IVV better than HWO?
IVV has a lower expense ratio. HWO led over 1Y. IVV is less concentrated, with 38.9% of the fund in its ten largest positions against 45.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.