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IVW · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is iShares S&P 500 Growth ETF (IVW) stock moving?
IVW has moved from about 137 to 140 in late October to 132.00 on Nov 10, with lower highs since Oct 28. The sharpest move came on Nov 5, when the ETF closed at 128.42, down about 5.7% from 136.25 on volume of 4.68M, roughly 2.5 times its typical daily volume of about 1.7 to 2.0M. Heavier volume also appeared on Oct 26 (4.96M) and Oct 30 (4.85M), and the Nov 2 session also traded above normal. Since the Nov 5 low, the ETF has recovered to 133.07 on Nov 9 and 132.00 on Nov 10, but it has not regained the 134 to 136 area. The provided news explains little of this. The Oct 28 S&P Dow Jones rule change points to a growth and value reshuffle before year-end, which could create flow-driven trading, but the item gives no timing or size. The Oct 29 item is a backward-looking 10-year return piece with no new information. Without a clear company or market catalyst for the Nov 5 selloff, the picture is a pullback with a partial rebound, and direction is unclear.
News behind the analysis
- S&P Changes the Rules - Here's New Value Vs. GrowthS&P Dow Jones changed its growth and value index criteria, which is expected to trigger a broad ETF reshuffle before year-end.
- $1000 Invested In iShares S&P 500 Growth ETF 10 Years Ago Would Be Worth This Much TodayIVW outperformed the market by 2.9% annualized over the past 10 years, with an average annual return of 16.78%. This is backward-looking performance data, not a new catalyst.
About iShares S&P 500 Growth ETF
IVW is a BlackRock iShares ETF that has been around since May 2000. It holds the S&P 500 companies that score highest on growth measures such as sales growth, earnings growth and price momentum, and it has about $77 billion in assets.
How the fund works
The fund passively tracks the S&P 500 Growth Index. It owns the actual stocks, about 150 of them, and weights each one by market value. There is no leverage. The expense ratio is about 0.18% a year, and dividends are paid quarterly, with a yield of roughly 0.35%. Holdings are heavily concentrated: the top 10 make up about 60% of the fund, with NVIDIA around 14% and Microsoft, Apple, Alphabet and Broadcom also large. The index is rebalanced periodically, so the holdings change as stocks move between the growth and value groups.
What usually moves IVW
- Mega-cap tech performance (NVIDIA, Microsoft, Apple)
- AI and data-center spending
- Interest rates and bond yields
- Growth vs. value style rotation
- Corporate earnings growth expectations