CDEI vs IVV
CDEI vs IVV
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. CDEI delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CDEI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.03% | |
| AUM | $18M | $865.2B | |
| Dividend Yield | 1.20% | 1.09% | |
| Holdings | 271 | 508 | |
| YTD Return | +14.93% | +13.80% | |
| 1Y Return | +27.06% | +23.70% | |
| 3Y Return (annualized) | +19.83% | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 12.4% | 15.1% | |
| Max Drawdown | -19.5% | -56.5% | |
| Fund Family | Calvert | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | May 15, 2000 |
CDEI vs IVV Performance
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) is a ETF from Calvert and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CDEI returned +27.06% while IVV returned +23.70%. Year to date, CDEI is up 14.93% versus a gain of 13.80% for IVV.
Over three years, CDEI compounded at +19.83% per year against +21.49% for IVV. Across the full 4-year window we track, CDEI has the edge at +20.28% annualized vs +7.05%. 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 12.4% for CDEI. 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 -19.5% for CDEI 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CDEI charges 0.14% per year while IVV charges 0.03%. On a $10,000 position that is $14 vs $3 annually, a gap of $11 per year that compounds over a long holding period. On income, CDEI currently yields 1.20% against 1.09% for IVV.
Holdings Overlap
CDEI and IVV share 168 holdings out of 600 unique holdings combined, representing a 52.2% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in CDEI | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 9.10% | 7.76% | 1.34% |
| AAPL | 8.09% | 7.44% | 0.65% |
| GOOGL | 8.58% | 3.15% | 5.43% |
| MSFT | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| INTC | Pro | Pro | Pro |
| MA | Pro | Pro | Pro |
See all 10 holdings CDEI 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, CDEI or IVV?
CDEI has an expense ratio of 0.14% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, CDEI or IVV?
Over the past year CDEI returned +27.06% vs +23.70% for IVV, so CDEI leads on 1-year performance. Over the longest common window we track (4 years), CDEI annualized +20.28% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, CDEI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.4% for CDEI. Worst drawdown: CDEI -19.5% vs IVV -56.5%.
Should I hold both CDEI and IVV?
CDEI and IVV have a monthly-return correlation of 0.97, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between CDEI and IVV?
CDEI and IVV share 168 common holdings with a 52.2% weight overlap. Combined, they hold 600 unique securities.
Which pays a higher dividend, CDEI or IVV?
CDEI yields 1.20% while IVV yields 1.09%, so CDEI currently pays the higher dividend yield.
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