CAFX vs IVV
CAFX vs IVV
Congress Intermediate 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 | CAFX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $321M | $865.2B | |
| Dividend Yield | 4.38% | 1.09% | |
| Holdings | 50 | 508 | |
| YTD Return | +0.09% | +11.54% | |
| 1Y Return | +1.85% | +21.48% | |
| 3Y Return (annualized) | - | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 2.5% | 15.1% | |
| Max Drawdown | -2.6% | -56.5% | |
| Fund Family | Congress Asset Management Company | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 9, 2024 | May 15, 2000 |
CAFX vs IVV Performance
Congress Intermediate Bond ETF (CAFX) is a ETF from Congress Asset Management Company and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CAFX returned +1.85% while IVV returned +21.48%. Year to date, CAFX is up 0.09% versus a gain of 11.54% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.5% for CAFX. 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 -2.6% for CAFX 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 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CAFX charges 0.35% per year while IVV charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, CAFX currently yields 4.38% against 1.09% for IVV.
Holdings Overlap
CAFX and IVV share 0 holdings out of 545 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, CAFX or IVV?
CAFX has an expense ratio of 0.35% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, CAFX or IVV?
Over the past year CAFX returned +1.85% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CAFX annualized +2.48% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, CAFX or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.5% for CAFX. Worst drawdown: CAFX -2.6% vs IVV -56.5%.
Should I hold both CAFX and IVV?
CAFX and IVV have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CAFX and IVV?
CAFX and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 545 unique securities.
Which pays a higher dividend, CAFX or IVV?
CAFX yields 4.38% while IVV yields 1.09%, so CAFX currently pays the higher dividend yield.
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