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Dividend Vision

ETF Comparison

IVE vs IVW: Which Is the Better Pick in 2026?

A head-to-head comparison of iShares S&P 500 Value ETF and iShares S&P 500 Growth ETF covering yield, cost, risk, and income potential.

Data updated September 4, 2026

Best for

  • IVEInvestors who want higher current income (1.52% vs 0.36% for IVW).
  • IVWInvestors who want broad equity exposure.

Jump to the side-by-side numbers

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

IVE has lagged IVW over the trailing twelve months, posting a 18.83% total return against 22.65%. The lead holds up over 10 years too: IVW has compounded at 17.58% a year, against 11.77% for IVE. IVE has been the steadier holding, though — annualized volatility of 12.4% against 19.5% for IVW. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD1Y3Y5Y10YSince May 2000Volatility Sharpe Sortino Max drawdown
IVE12.15%18.83%15.79%11.45%11.77%7.73%12.4%0.821.18-17.6%
IVW14.16%22.65%25.59%12.95%17.58%8.96%19.5%0.941.36-22.2%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 4, 2026. YTD and 1Y are cumulative; windows of one year or longer are annualized. “Since May 2000” measures every fund from May 26, 2000 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricIVEIVW
Full nameiShares S&P 500 Value ETFiShares S&P 500 Growth ETF
IssueriSharesiShares
Underlying indexS&P 500 Value IndexS&P 500 Growth Index
Last Close$236.80 as of September 4, 2026$140.55 as of September 4, 2026
Distribution rate1.52%0.36%
Distribution Safety Score™ 9970
Safety-Adjusted Yield 1.50%0.25%
Expense ratio0.18%0.18%
AUM$50.2B$77.3B
Distribution frequencyQuarterlyQuarterly
ObjectiveProvide exposure to the fund's underlying index or strategy per issuer materials.Provide exposure to the fund's underlying index or strategy per issuer materials.
Asset classEquityEquity
Inception date05/22/200005/22/2000
Beta0.771.22
Last dividend$0.899$0.126
Ex-dividend date06/15/202606/15/2026

Bottom lineChoose IVE if you want higher current income (1.52% vs 0.36% for IVW). Choose IVW if you want broad equity exposure.

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Income calculator

See how much monthly income a hypothetical investment would generate in each ETF at current yields.

iShares
ETFs466
Total AUM$4668B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.

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Quick verdict

IVE (iShares S&P 500 Value ETF) and IVW (iShares S&P 500 Growth ETF) are both quarterly-pay dividend ETFs, but they take different approaches.

IVE offers the higher yield at 1.52% vs 0.36% for IVW. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.

They have different reference exposures: IVE is linked to S&P 500 Value Index while IVW is linked to S&P 500 Growth Index, which means their performance drivers differ.

IVW is the larger fund by assets ($77.3B), but assets alone do not establish trading costs or liquidity.

Deep dive

Yield & income

On a $10,000 investment, IVE would generate roughly $12.67/month, while IVW would produce $3.00/month, at current distribution rates. Both pay quarterly distributions.

IVE yield1.52%
IVW yield0.36%
Monthly diff on $10K$9.67

Cost & efficiency

Over 10 years on $10,000, IVE would cost approximately $180 in fees vs $180 for IVW (simplified, not compounded). Both charge the same expense ratio.

IVE ER0.18%
IVW ER0.18%

Strategy & risk

IVE tracks S&P 500 Value Index with an index approach, while IVW tracks S&P 500 Growth Index with an index approach. Beta is 0.77 for IVE and 1.22 for IVW, making IVE the less volatile of the two by this measure.

IVE beta0.77
IVW beta1.22

Fund details

IVE is managed by iShares (launched 05/22/2000) with $50.2B in assets. IVW is managed by iShares (launched 05/22/2000) with $77.3B in assets.

IVE AUM$50.2B
IVW AUM$77.3B
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Frequently asked questions

What is the current distribution rate for IVE and IVW?

IVE currently distributes 1.52% and IVW 0.36%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.

Is IVE or IVW better for dividend income?

It depends on your goals. IVE currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.

What is the difference between IVE and IVW?

IVE (iShares S&P 500 Value ETF) tracks S&P 500 Value Index with an index approach, while IVW (iShares S&P 500 Growth ETF) tracks S&P 500 Growth Index with an index approach. They are issued by iShares and iShares respectively.

Can I hold both IVE and IVW?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Is IVE or IVW safer?

By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — IVE scores 99, IVW scores 70, so IVE's payout currently looks the more resilient of the two. IVE has also shown lower price volatility (beta 0.77 vs 1.22 for IVW). No score makes an investment risk-free — treat this as a screening signal, not a guarantee.

Which has lower fees, IVE or IVW?

IVE and IVW both charge the same expense ratio of 0.18%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.

How much income does $10,000 in IVE vs IVW generate?

At current rates, $10,000 in IVE would generate roughly $12.67 per month ($152.00 annually). The same in IVW would produce about $3.00 per month ($36.00 annually).

Which has performed better historically, IVE or IVW?

IVE has lagged IVW over the trailing twelve months, posting a 18.83% total return against 22.65%. The lead holds up over 10 years too: IVW has compounded at 17.58% a year, against 11.77% for IVE. IVE has been the steadier holding, though — annualized volatility of 12.4% against 19.5% for IVW. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

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IVE vs IVW — at a glance

Generated September 5, 2026.

Overview

IVE and IVW are both S&P 500 factor ETFs from iShares that split the broad market into value and growth segments. The two funds are complementary halves of the same parent index and have identical expense ratios, but differ sharply in yield, beta, and size.

How they differ

The most visible difference is income: IVE yields 1.52% against IVW's 0.36%, a gap driven by value stocks' tendency to pay higher dividends and lower reinvestment needs. Beta tells the second story—IVE has a beta of 0.77, making it less volatile than the broad market, while IVW's 1.22 beta means it swings harder with market moves, a natural feature of growth stocks. In terms of scale, IVW is the larger fund at $77.3B, compared to IVE's $50.2B, likely reflecting investor preference for growth exposure over the past two decades. Both charge 0.18% in fees and have been in operation since 05/22/2000, so cost and longevity are not points of separation.

Who each is best for

IVE: Fits investors seeking dividend income and downside cushion through lower-volatility equity exposure; pairs well with growth holdings to balance a portfolio tilted toward appreciation.

IVW: Fits investors prioritizing capital appreciation over current income and willing to accept higher beta in exchange for growth-stock exposure and the potential for stronger long-term earnings expansion.

Key risks to know

  • Factor rotation risk. Value and growth cycles revert; periods of sustained growth outperformance can drag IVE's returns relative to broad-market indexes, while IVW may lag during value rallies. Holdings in each fund are concentrated in their respective factor tilts and do not diversify across the style spectrum.
  • Valuation sensitivity. IVE's lower-priced constituents may face deterioration in fundamentals or stay-depressed multiples; IVW's richly valued growth stocks are vulnerable to interest-rate shocks and margin compression if earnings growth disappoints.
  • Momentum and concentration. Both funds inherit the S&P 500's large-cap lean, but IVW's growth index tends to concentrate more heavily in mega-cap technology and communication stocks, amplifying sector and single-name risk relative to IVE.
  • Dividend sustainability. IVE's higher yield relies on the continued willingness of value-stock payers to maintain or grow distributions; economic downturns or capital-allocation shifts can pressure dividend coverage.

Bottom line

If steady dividend income and lower volatility appeal to you, IVE's higher yield and 0.77 beta stand out; if you're chasing capital growth and can tolerate the 1.22 beta swing, IVW's larger asset base and lower dividend drag may fit better. Neither fund is a "best" choice—they represent different style bets within the same broad index. Past performance in either style does not predict which will lead going forward.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How to read a fund's stats How expense ratios eat returns Correlation between two funds

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