CFA vs IVV
CFA vs IVV
VictoryShares US 500 Volatility Weighted 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 | CFA | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $537M | $865.2B | |
| Dividend Yield | 1.23% | 1.09% | |
| Holdings | 502 | 508 | |
| YTD Return | +11.88% | +13.31% | |
| 1Y Return | +16.45% | +24.00% | |
| 3Y Return (annualized) | +13.54% | +21.16% | |
| 5Y Return (annualized) | +8.26% | +13.34% | |
| Volatility (annualized) | 14.9% | 15.1% | |
| Max Drawdown | -37.9% | -56.5% | |
| Fund Family | Victory Capital Management Inc. | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 1, 2014 | May 15, 2000 |
CFA vs IVV Performance
VictoryShares US 500 Volatility Weighted ETF (CFA) is a ETF from Victory Capital Management Inc. and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CFA returned +16.45% while IVV returned +24.00%. Year to date, CFA is up 11.88% versus a gain of 13.31% for IVV.
Over three years, CFA compounded at +13.54% per year against +21.16% for IVV; over five years the annualized figures are +8.26% and +13.34% respectively. Across the full 12-year window we track, CFA has the edge at +9.90% annualized vs +7.03%. 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 14.9% for CFA. 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 -37.9% for CFA 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 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CFA 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, CFA currently yields 1.23% against 1.09% for IVV.
Holdings Overlap
CFA and IVV share 401 holdings out of 603 unique holdings combined, representing a 40.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CFA | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 0.18% | 7.76% | 7.58% |
| AAPL | 0.31% | 7.44% | 7.13% |
| MSFT | 0.23% | 4.57% | 4.34% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
See all 10 holdings CFA 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, CFA or IVV?
CFA 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, CFA or IVV?
Over the past year CFA returned +16.45% vs +24.00% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (12 years), CFA annualized +9.90% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, CFA or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.9% for CFA. Worst drawdown: CFA -37.9% vs IVV -56.5%.
Should I hold both CFA and IVV?
CFA and IVV have a monthly-return correlation of 0.94, 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 CFA and IVV?
CFA and IVV share 401 common holdings with a 40.2% weight overlap. Combined, they hold 603 unique securities.
Which pays a higher dividend, CFA or IVV?
CFA yields 1.23% while IVV yields 1.09%, so CFA currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.