APCB vs IVV
APCB vs IVV
ActivePassive Core Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. APCB offers more diversification with 826 holdings.
Side-by-Side Comparison
| Metric | APCB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.36% | 0.03% | |
| AUM | $1.0B | $865.2B | |
| Dividend Yield | 4.34% | 1.09% | |
| Holdings | 1,457 | 508 | |
| YTD Return | -0.09% | +13.52% | |
| 1Y Return | +2.08% | +23.63% | |
| 3Y Return (annualized) | +3.69% | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 5.1% | 15.1% | |
| Max Drawdown | -6.4% | -56.5% | |
| Fund Family | Envestnet Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 3, 2023 | May 15, 2000 |
APCB vs IVV Performance
ActivePassive Core Bond ETF (APCB) is a ETF from Envestnet Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year APCB returned +2.08% while IVV returned +23.63%. Year to date, APCB is down 0.09% versus a gain of 13.52% for IVV.
Over three years, APCB compounded at +3.69% per year against +21.26% for IVV. Across the full 3-year window we track, IVV has the edge at +7.04% annualized vs +2.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.1% for APCB. 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 -6.4% for APCB 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 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
APCB charges 0.36% per year while IVV charges 0.03%. On a $10,000 position that is $36 vs $3 annually, a gap of $33 per year that compounds over a long holding period. On income, APCB currently yields 4.34% against 1.09% for IVV.
Holdings Overlap
APCB and IVV share 0 holdings out of 1331 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, APCB or IVV?
APCB has an expense ratio of 0.36% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $33 per year of difference.
Which performed better, APCB or IVV?
Over the past year APCB returned +2.08% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (3 years), APCB annualized +2.56% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, APCB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.1% for APCB. Worst drawdown: APCB -6.4% vs IVV -56.5%.
Should I hold both APCB and IVV?
APCB and IVV have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between APCB and IVV?
APCB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1331 unique securities.
Which pays a higher dividend, APCB or IVV?
APCB yields 4.34% while IVV yields 1.09%, so APCB currently pays the higher dividend yield.
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