IWV vs TSPA
iShares Russell 3000 ETF vs T Rowe Price US Equity Research ETF
Which is better, IWV or TSPA?
Nearly the same fund. IWV costs less.
IWV has a lower expense ratio. TSPA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. IWV is less concentrated, with 34.6% of the fund in its ten largest positions against 38.1%.
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 | IWV | TSPA |
|---|---|---|
| Expense Ratio | 0.20%Best | 0.34% |
| AUM | $20.7B | $4.7B |
| Dividend Yield | 0.88% | 0.55% |
| Holdings | 5,163 | 330 |
| YTD Return | +12.89% | +13.26%Best |
| 1Y Return | +16.39% | +17.33%Best |
| 3Y Return (annualized) | +21.75% | +22.25%Best |
| 5Y Return (annualized) | +11.91% | +13.59%Best |
| Volatility (annualized) | 15.6% | 15.5%Best |
| Max Drawdown | -25.1% | -24.7%Best |
| $10,000 over 5 years | $17,553 | $18,910Best |
| Top 10 Weight | 34.6%Best | 38.1% |
| Fund Family | iShares by BlackRock (US) | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 22, 2000 | Jun 8, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jun 9, 2021 to Oct 14, 2026 (5.3 years).
IWV vs TSPA 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 covers the 5.3 years both funds cover.
IWV vs TSPA Performance
iShares Russell 3000 ETF (IWV) is an ETF from iShares by BlackRock (US) and T Rowe Price US Equity Research ETF (TSPA) is an ETF from T.Rowe Price. Over the past year IWV returned +16.39% while TSPA returned +17.33%. Year to date, IWV is up 12.89% versus a gain of 13.26% for TSPA.
Over three years, IWV compounded at +21.75% per year against +22.25% for TSPA; over five years the annualized figures are +11.91% and +13.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWV has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.5% for TSPA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.1% for IWV and -24.7% for TSPA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWV charges 0.20% per year while TSPA charges 0.34%. On a $10,000 position that is $20 vs $34 annually, a gap of $14 per year that compounds over a long holding period. On income, IWV currently yields 0.88% against 0.55% for TSPA.
Holdings Overlap
75.9% of IWV's money is in holdings TSPA also owns. 94.6% of TSPA's money is in holdings IWV also owns.
Most of TSPA is already inside IWV. Owning both mostly buys the same companies twice.
304 positions in common, counted across the 2,586 positions we hold weights for in IWV and 326 in TSPA, against full books of 5,163 and 330.
What only one of them owns
Our book lists 13 positions for TSPA that do not appear in our book for IWV (4.0% of the fund), and 830 for IWV that do not appear in TSPA (20.3%).
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 IWV | Weight in TSPA | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.33% | 8.18% | 0.85% |
| AAPLApple, Inc | 6.50% | 6.74% | 0.24% |
| MSFTMicrosoft Corp | 5.18% | 5.76% | 0.58% |
| AMZNAmazon.Com Inc | 3.28% | 3.93% | 0.65% |
| GOOGAlphabet Inc. C | 2.17% | 3.15% | 0.98% |
| GOOGLAlphabet Inc | 2.68% | 2.50% | 0.18% |
| AVGOBroadcom Inc | 2.17% | 2.64% | 0.47% |
| METAMeta Platforms Inc | 2.17% | 2.08% | 0.09% |
| MUMicron Technology, Inc. | 1.68% | 1.68% | 0.00% |
| TSLATesla Inc | 1.41% | 1.48% | 0.07% |
94.6% of TSPA is already inside IWV.
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, IWV or TSPA?
IWV has an expense ratio of 0.20% while TSPA charges 0.34%. IWV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, IWV or TSPA?
Over the past year IWV returned +16.39% vs +17.33% for TSPA, so TSPA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWV or TSPA?
IWV has been the more volatile fund at 15.6% annualized versus 15.5% for TSPA. Worst drawdown: IWV -25.1% vs TSPA -24.7%.
Should I hold both IWV and TSPA?
IWV and TSPA have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWV and TSPA?
94.6% of TSPA's money is in holdings IWV also owns. 94.6% of TSPA's is in holdings IWV also owns. They hold 304 positions in common, counted across the 2,586 positions we hold weights for in IWV and 326 in TSPA.
Which pays a higher dividend, IWV or TSPA?
IWV yields 0.88% while TSPA yields 0.55%, so IWV currently pays the higher dividend yield.
Is TSPA better than IWV?
IWV has a lower expense ratio. TSPA led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.99. IWV is less concentrated, with 34.6% of the fund in its ten largest positions against 38.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.