IWX vs VOO
iShares Russell Top 200 Value ETF vs Vanguard S&P 500 ETF
Which is better, IWX or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. IWX led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 40.9%.
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 | IWX | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $3.4B | $1.0T |
| Dividend Yield | 1.41% | 1.06% |
| Holdings | 156 | 506 |
| YTD Return | +22.75%Best | +13.57% |
| 1Y Return | +29.76%Best | +17.55% |
| 3Y Return (annualized) | +22.02% | +22.46%Best |
| 5Y Return (annualized) | +12.92% | +13.28%Best |
| Volatility (annualized) | 13.7%Best | 14.1% |
| Max Drawdown | -35.8% | -34.3%Best |
| $10,000 over 5 years | $18,359 | $18,654Best |
| Top 10 Weight | 40.9% | 37.9%Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 22, 2009 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 14, 2026 (16.1 years).
IWX vs VOO 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 16.1 years both funds cover.
IWX vs VOO Performance
iShares Russell Top 200 Value ETF (IWX) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year IWX returned +29.76% while VOO returned +17.55%. Year to date, IWX is up 22.75% versus a gain of 13.57% for VOO.
Over three years, IWX compounded at +22.02% per year against +22.46% for VOO; over five years the annualized figures are +12.92% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.40% annualized vs +10.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 13.7% for IWX. 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 -35.8% for IWX and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWX charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, IWX currently yields 1.41% against 1.06% for VOO.
Holdings Overlap
93.4% of IWX's money is in holdings VOO also owns. 50.0% of VOO's money is in holdings IWX also owns.
Most of IWX is already inside VOO. Owning both mostly buys the same companies twice.
141 positions in common, counted across the 153 positions we hold weights for in IWX and 504 in VOO, against full books of 156 and 506.
What only one of them owns
Our book lists 357 positions for VOO that do not appear in our book for IWX (49.7% of the fund), and 7 for IWX that do not appear in VOO (5.1%).
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 IWX | Weight in VOO | Difference |
|---|---|---|---|
| AAPLApple Inc | 8.26% | 7.04% | 1.22% |
| MSFTMicrosoft Corp_None_0 | 7.19% | 5.70% | 1.49% |
| AMZNAmazon.Com Inc | 8.33% | 3.85% | 4.48% |
| JPMJpmorgan Chase & Co | 3.36% | 1.44% | 1.92% |
| XOMExxon Mobil Corp | 2.55% | 1.01% | 1.54% |
| JNJJohnson & Johnson - Common | 2.35% | 0.97% | 1.38% |
| METAMeta Platforms, Inc. | 1.10% | 1.90% | 0.80% |
| INTCIntel Corp. | 2.07% | 0.67% | 1.40% |
| ABBVAbbvie Inc. | 1.60% | 0.69% | 0.91% |
| CSCOCisco Systems Inc | 1.62% | 0.66% | 0.96% |
93.4% of IWX is already inside VOO.
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, IWX or VOO?
IWX has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IWX or VOO?
Over the past year IWX returned +29.76% vs +17.55% for VOO, so IWX leads on 1-year performance. Over the longest common window we track (16 years), IWX annualized +10.44% vs +13.40% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWX or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 13.7% for IWX. Worst drawdown: IWX -35.8% vs VOO -34.3%.
Should I hold both IWX and VOO?
IWX and VOO have a monthly-return correlation of 0.92, 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 IWX and VOO?
93.4% of IWX's money is in holdings VOO also owns. 50.0% of VOO's is in holdings IWX also owns. They hold 141 positions in common, counted across the 153 positions we hold weights for in IWX and 504 in VOO.
Which pays a higher dividend, IWX or VOO?
IWX yields 1.41% while VOO yields 1.06%, so IWX currently pays the higher dividend yield.
Is VOO better than IWX?
VOO has a lower expense ratio. IWX led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.92. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 40.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.