CAPE vs IVV
CAPE vs IVV
DoubleLine Shiller CAPE US Equities 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 | CAPE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $240M | $865.2B | |
| Dividend Yield | 1.25% | 1.09% | |
| Holdings | 196 | 508 | |
| YTD Return | +3.33% | +11.54% | |
| 1Y Return | +5.61% | +21.48% | |
| 3Y Return (annualized) | +11.25% | +20.86% | |
| 5Y Return (annualized) | - | +13.02% | |
| Volatility (annualized) | 16.6% | 15.1% | |
| Max Drawdown | -22.1% | -56.5% | |
| Fund Family | DoubleLine Funds | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Mar 31, 2022 | May 15, 2000 |
CAPE vs IVV Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is a ETF from DoubleLine Funds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CAPE returned +5.61% while IVV returned +21.48%. Year to date, CAPE is up 3.33% versus a gain of 11.54% for IVV.
Over three years, CAPE compounded at +11.25% per year against +20.86% for IVV. Across the full 4-year window we track, CAPE has the edge at +7.81% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -22.1% for CAPE 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CAPE currently yields 1.25% against 1.09% for IVV.
Holdings Overlap
CAPE and IVV share 158 holdings out of 541 unique holdings combined, representing a 28.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in IVV | Difference |
|---|---|---|---|
| AMZN | 5.67% | 3.75% | 1.92% |
| META | 4.55% | 2.19% | 2.36% |
| TSLA | 4.70% | 1.65% | 3.05% |
| GOOGL | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| WELL | Pro | Pro | Pro |
| PLD | Pro | Pro | Pro |
| ABBV | Pro | Pro | Pro |
See all 10 holdings CAPE 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, CAPE or IVV?
CAPE has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, CAPE or IVV?
Over the past year CAPE returned +5.61% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), CAPE annualized +7.81% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, CAPE or IVV?
CAPE has been the more volatile fund at 16.6% annualized versus 15.1% for IVV. Worst drawdown: CAPE -22.1% vs IVV -56.5%.
Should I hold both CAPE and IVV?
CAPE and IVV have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CAPE and IVV?
CAPE and IVV share 158 common holdings with a 28.6% weight overlap. Combined, they hold 541 unique securities.
Which pays a higher dividend, CAPE or IVV?
CAPE yields 1.25% while IVV yields 1.09%, so CAPE currently pays the higher dividend yield.
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