CARY vs IVV
CARY vs IVV
Angel Oak Income 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 | CARY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $1.4B | $865.2B | |
| Dividend Yield | 6.28% | 1.09% | |
| Holdings | 1,330 | 508 | |
| YTD Return | +1.60% | +9.93% | |
| 1Y Return | +4.94% | +19.59% | |
| 3Y Return (annualized) | +7.01% | +19.41% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 2.8% | 15.1% | |
| Max Drawdown | -1.7% | -56.5% | |
| Fund Family | Angel Oak Capital Advisors | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 7, 2022 | May 15, 2000 |
CARY vs IVV Performance
Angel Oak Income ETF (CARY) is a ETF from Angel Oak Capital Advisors and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CARY returned +4.94% while IVV returned +19.59%. Year to date, CARY is up 1.60% versus a gain of 9.93% for IVV.
Over three years, CARY compounded at +7.01% per year against +19.41% for IVV. Across the full 4-year window we track, CARY has the edge at +6.99% annualized vs +6.91%. 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 2.8% for CARY. 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 -1.7% for CARY 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CARY charges 0.79% per year while IVV charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, CARY currently yields 6.28% against 1.09% for IVV.
Holdings Overlap
CARY and IVV share 0 holdings out of 768 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, CARY or IVV?
CARY has an expense ratio of 0.79% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, CARY or IVV?
Over the past year CARY returned +4.94% vs +19.59% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), CARY annualized +6.99% vs +6.91% for IVV. Past performance does not guarantee future results.
Which is riskier, CARY or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.8% for CARY. Worst drawdown: CARY -1.7% vs IVV -56.5%.
Should I hold both CARY and IVV?
CARY and IVV have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CARY and IVV?
CARY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 768 unique securities.
Which pays a higher dividend, CARY or IVV?
CARY yields 6.28% while IVV yields 1.09%, so CARY currently pays the higher dividend yield.
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