AFIX vs IVV
AFIX vs IVV
Allspring Broad Market Core Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | AFIX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $217M | $865.2B | |
| Dividend Yield | 5.03% | 1.09% | |
| Holdings | 561 | 508 | |
| YTD Return | -0.45% | +9.93% | |
| 1Y Return | +2.94% | +19.59% | |
| 3Y Return (annualized) | - | +19.41% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 3.6% | 15.1% | |
| Max Drawdown | -3.3% | -56.5% | |
| Fund Family | Allspring Global Investments | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 4, 2024 | May 15, 2000 |
AFIX vs IVV Performance
Allspring Broad Market Core Bond ETF (AFIX) is a ETF from Allspring Global Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AFIX returned +2.94% while IVV returned +19.59%. Year to date, AFIX is down 0.45% versus a gain of 9.93% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 3.6% for AFIX. 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 -3.3% for AFIX 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 0.14. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AFIX charges 0.20% per year while IVV 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, AFIX currently yields 5.03% against 1.09% for IVV.
Holdings Overlap
AFIX and IVV share 1 holdings out of 883 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in AFIX | Weight in IVV | Difference |
|---|---|---|---|
| T | 0.06% | 0.24% | 0.18% |
Frequently Asked Questions
Which is cheaper, AFIX or IVV?
AFIX has an expense ratio of 0.20% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, AFIX or IVV?
Over the past year AFIX returned +2.94% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), AFIX annualized +3.10% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, AFIX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.6% for AFIX. Worst drawdown: AFIX -3.3% vs IVV -56.5%.
Should I hold both AFIX and IVV?
AFIX and IVV have a monthly-return correlation of 0.14, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AFIX and IVV?
AFIX and IVV share 1 common holdings with a 0.1% weight overlap. Combined, they hold 883 unique securities.
Which pays a higher dividend, AFIX or IVV?
AFIX yields 5.03% while IVV yields 1.09%, so AFIX currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.