CLOB vs IVV
CLOB vs IVV
VanEck AA-BB CLO 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 | CLOB | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.03% | |
| AUM | $176M | $865.2B | |
| Dividend Yield | 6.41% | 1.09% | |
| Holdings | 58 | 508 | |
| YTD Return | +2.23% | +13.52% | |
| 1Y Return | +5.38% | +23.63% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 2.7% | 15.1% | |
| Max Drawdown | -5.5% | -56.5% | |
| Fund Family | VanEck | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 24, 2024 | May 15, 2000 |
CLOB vs IVV Performance
VanEck AA-BB CLO ETF (CLOB) is a ETF from VanEck and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year CLOB returned +5.38% while IVV returned +23.63%. Year to date, CLOB is up 2.23% versus a gain of 13.52% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.7% for CLOB. 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 -5.5% for CLOB 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 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLOB charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, CLOB currently yields 6.41% against 1.09% for IVV.
Holdings Overlap
CLOB and IVV share 0 holdings out of 508 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, CLOB or IVV?
CLOB has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, CLOB or IVV?
Over the past year CLOB returned +5.38% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), CLOB annualized +6.54% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, CLOB or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 2.7% for CLOB. Worst drawdown: CLOB -5.5% vs IVV -56.5%.
Should I hold both CLOB and IVV?
CLOB and IVV have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CLOB and IVV?
CLOB and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, CLOB or IVV?
CLOB yields 6.41% while IVV yields 1.09%, so CLOB currently pays the higher dividend yield.
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