ELFY vs IVV

Quick Verdict

IVV has a lower expense ratio. ELFY delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.

Lower Fees: IVVHigher Returns: ELFYMore Diversified: IVV

Side-by-Side Comparison

MetricELFYIVVWinner
Expense Ratio0.50%0.03%
AUM$191M$865.2B
Dividend Yield0.84%1.09%
Holdings109508
YTD Return+17.39%+13.52%
1Y Return+24.68%+23.63%
3Y Return (annualized)-+21.26%
5Y Return (annualized)-+13.52%
Volatility (annualized)19.6%15.1%
Max Drawdown-13.6%-56.5%
Fund FamilyALPS ETF TrustiShares by BlackRock (US)
CategoryEquityEquity
InceptionApr 9, 2025May 15, 2000

ELFY vs IVV Performance

ALPS Electrification Infrastructure ETF (ELFY) is a ETF from ALPS ETF Trust and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ELFY returned +24.68% while IVV returned +23.63%. Year to date, ELFY is up 17.39% versus a gain of 13.52% for IVV.

Risk: Volatility and Drawdowns

ELFY has been the more volatile fund, with annualized monthly volatility of 19.6% 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 -13.6% for ELFY 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

ELFY charges 0.50% per year while IVV charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, ELFY currently yields 0.84% against 1.09% for IVV.

Holdings Overlap

4.8%overlap

ELFY and IVV share 53 holdings out of 566 unique holdings combined, representing a 4.8% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in ELFYWeight in IVVDifference
GEV1.01%0.45%0.56%
NEE0.96%0.28%0.68%
APH0.90%0.30%0.60%
CEGProProPro
DUKProProPro
SOProProPro
VSTProProPro
ZBRAProProPro
NRGProProPro
WMBProProPro
See all 10 holdings ELFY shares with IVV
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Frequently Asked Questions

Which is cheaper, ELFY or IVV?

ELFY has an expense ratio of 0.50% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $47 per year of difference.

Which performed better, ELFY or IVV?

Over the past year ELFY returned +24.68% vs +23.63% for IVV, so ELFY leads on 1-year performance. Over the longest common window we track (1 years), ELFY annualized +45.46% vs +7.04% for IVV. Past performance does not guarantee future results.

Which is riskier, ELFY or IVV?

ELFY has been the more volatile fund at 19.6% annualized versus 15.1% for IVV. Worst drawdown: ELFY -13.6% vs IVV -56.5%.

Should I hold both ELFY and IVV?

ELFY and IVV have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between ELFY and IVV?

ELFY and IVV share 53 common holdings with a 4.8% weight overlap. Combined, they hold 566 unique securities.

Which pays a higher dividend, ELFY or IVV?

ELFY yields 0.84% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.

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