IVW vs IVE: S&P 500 Growth vs Value
IVW and IVE are mirror images. Together they make up the entire S&P 500. IVW tilts toward high-multiple growth companies. IVE tilts toward cheaper, lower-growth value companies. Both charge 0.18%.
IVW (iShares S&P 500 Growth) and IVE (iShares S&P 500 Value) split the S&P 500 into its growth and value halves. IVW holds companies like Apple, Microsoft, Nvidia, and Amazon with high price-to-earnings multiples. IVE holds financials, energy, healthcare, and industrials trading at below-average valuations. Both charge 0.18%. From 2010 to 2024, IVW dramatically outperformed IVE as technology mega-caps dominated market returns. Before 2007, value outperformed growth over most multi-decade periods. The two halves tend to cycle: growth leads in low-rate, momentum-driven environments; value leads in high-rate, mean-reverting environments. Neither tilt is reliably better at all times. Investors who want S&P 500 exposure without a style bias are better served by VOO or SPY. IVW is the right choice for a deliberate growth tilt; IVE for a value tilt.
Whether the lower-cost fund suits your situation depends on your existing holdings, account type, tax situation, and how you use each fund. This is a cost comparison, not a personalized recommendation.
📋 IVW vs IVE — Key Facts Side by Side
| Metric | IVW | IVE |
|---|---|---|
| Fund Name | iShares S&P 500 Growth ETF | iShares S&P 500 Value ETF |
| Issuer | iShares | iShares |
| Tracks Index | S&P 500 Growth Index | S&P 500 Value Index |
| Expense Ratio | 0.18% | 0.18% |
| Cost per $10K/yr | $18.00 | $18.00 |
| AUM | $75.0B | $47.7B |
| Holdings | 230 | 380 |
| Inception | 2000 | 2000 |
| 1-Year Return | +24.73% | +16.55% |
| 3-Year Return | +26.28% | +14.99% |
| 5-Year Return | +13.80% | +11.24% |
| Dividend Yield | 0.36% | 1.56% |
| Holdings Overlap | See holdings overlap → | |
| Avg Bid-Ask Spread | 0.01% | 0.02% |
Expense ratio, AUM, and returns updated Jul 14, 2026 from ETF BFF database. Returns are annualised. Not investment advice.
📊 IVW vs IVE — Annualised Returns
Annualised returns (trailing, price-based). Past performance does not guarantee future results.
🎯 Which Fund Fits Which Investor?
- want tech-heavy large-cap growth exposure via S&P 500 Growth Index
- want broader diversification (380 holdings vs 230)
- want focused large-cap US stock exposure via S&P 500 Value Index
💰 What the Fee Difference Actually Costs
Adjust the numbers for your situation. This models each fund's expense ratio compounding against your balance over time.
Assumes a constant annual return reinvested, with each fund's expense ratio deducted yearly. Illustrative only; actual returns vary. Past performance does not guarantee future results.
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❓ IVW vs IVE — Frequently Asked Questions
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