ACV vs IVV
ACV vs IVV
Virtus Diversified Income & Convertible Fund vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ACV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ACV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 2.55% | 0.03% | |
| AUM | $280M | $865.2B | |
| Dividend Yield | 8.80% | 1.09% | |
| Holdings | 308 | 508 | |
| YTD Return | +6.47% | +13.13% | |
| 1Y Return | +30.74% | +22.90% | |
| 3Y Return (annualized) | +20.99% | +21.08% | |
| 5Y Return (annualized) | +8.18% | +13.27% | |
| Volatility (annualized) | 24.9% | 15.1% | |
| Max Drawdown | -54.0% | -56.5% | |
| Fund Family | Virtus Investment Partners | iShares by BlackRock (US) | |
| Category | Allocation/Balanced | Equity | |
| Inception | May 26, 2015 | May 15, 2000 |
ACV vs IVV Performance
Virtus Diversified Income & Convertible Fund (ACV) is a ETF from Virtus Investment Partners and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ACV returned +30.74% while IVV returned +22.90%. Year to date, ACV is up 6.47% versus a gain of 13.13% for IVV.
Over three years, ACV compounded at +20.99% per year against +21.08% for IVV; over five years the annualized figures are +8.18% and +13.27% respectively. Across the full 11-year window we track, ACV has the edge at +7.05% annualized vs +7.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACV has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 15.1% for IVV. 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 -54.0% for ACV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACV charges 2.55% per year while IVV charges 0.03%. On a $10,000 position that is $255 vs $3 annually, a gap of $252 per year that compounds over a long holding period. On income, ACV currently yields 8.80% against 1.09% for IVV.
Holdings Overlap
ACV and IVV share 89 holdings out of 577 unique holdings combined, representing a 23.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ACV | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 2.18% | 7.76% | 5.58% |
| AAPL | 1.76% | 7.44% | 5.68% |
| MSFT | 1.22% | 4.57% | 3.35% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| LITE | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| WDC | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
See all 10 holdings ACV shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, ACV or IVV?
ACV has an expense ratio of 2.55% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $252 per year of difference.
Which performed better, ACV or IVV?
Over the past year ACV returned +30.74% vs +22.90% for IVV, so ACV leads on 1-year performance. Over the longest common window we track (11 years), ACV annualized +7.05% vs +7.02% for IVV. Past performance does not guarantee future results.
Which is riskier, ACV or IVV?
ACV has been the more volatile fund at 24.9% annualized versus 15.1% for IVV. Worst drawdown: ACV -54.0% vs IVV -56.5%.
Should I hold both ACV and IVV?
ACV and IVV have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACV and IVV?
ACV and IVV share 89 common holdings with a 23.0% weight overlap. Combined, they hold 577 unique securities.
Which pays a higher dividend, ACV or IVV?
ACV yields 8.80% while IVV yields 1.09%, so ACV currently pays the higher dividend yield.
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