ASG vs IVV
ASG vs IVV
Liberty All-Star Growth Fund Inc. 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 | ASG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.12% | 0.03% | |
| AUM | $373M | $865.2B | |
| Dividend Yield | 7.53% | 1.09% | |
| Holdings | 125 | 508 | |
| YTD Return | +6.63% | +11.54% | |
| 1Y Return | +5.82% | +21.48% | |
| 3Y Return (annualized) | +9.03% | +20.86% | |
| 5Y Return (annualized) | -0.52% | +13.02% | |
| Volatility (annualized) | 22.2% | 15.1% | |
| Max Drawdown | -86.2% | -56.5% | |
| Fund Family | Liberty All Star Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 14, 1986 | May 15, 2000 |
ASG vs IVV Performance
Liberty All-Star Growth Fund Inc. (ASG) is a ETF from Liberty All Star Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ASG returned +5.82% while IVV returned +21.48%. Year to date, ASG is up 6.63% versus a gain of 11.54% for IVV.
Over three years, ASG compounded at +9.03% per year against +20.86% for IVV; over five years the annualized figures are -0.52% and +13.02% respectively. Across the full 26-year window we track, IVV has the edge at +6.97% annualized vs -0.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ASG has been the more volatile fund, with annualized monthly volatility of 22.2% 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 -86.2% for ASG 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ASG charges 1.12% per year while IVV charges 0.03%. On a $10,000 position that is $112 vs $3 annually, a gap of $109 per year that compounds over a long holding period. On income, ASG currently yields 7.53% against 1.09% for IVV.
Holdings Overlap
ASG and IVV share 49 holdings out of 580 unique holdings combined, representing a 24.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ASG | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 4.43% | 7.76% | 3.33% |
| AAPL | 2.74% | 7.44% | 4.70% |
| MSFT | 2.20% | 4.57% | 2.37% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings ASG 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, ASG or IVV?
ASG has an expense ratio of 1.12% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $109 per year of difference.
Which performed better, ASG or IVV?
Over the past year ASG returned +5.82% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (26 years), ASG annualized -0.24% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, ASG or IVV?
ASG has been the more volatile fund at 22.2% annualized versus 15.1% for IVV. Worst drawdown: ASG -86.2% vs IVV -56.5%.
Should I hold both ASG and IVV?
ASG and IVV have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASG and IVV?
ASG and IVV share 49 common holdings with a 24.0% weight overlap. Combined, they hold 580 unique securities.
Which pays a higher dividend, ASG or IVV?
ASG yields 7.53% while IVV yields 1.09%, so ASG currently pays the higher dividend yield.
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