GBND vs IVV
GBND vs IVV
Goldman Sachs Core Bond 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 | GBND | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.03% | |
| AUM | $523M | $865.2B | |
| Dividend Yield | 3.43% | 1.09% | |
| Holdings | 485 | 508 | |
| YTD Return | -0.35% | +13.52% | |
| 1Y Return | +2.24% | +23.63% | |
| 3Y Return (annualized) | - | +21.26% | |
| 5Y Return (annualized) | - | +13.52% | |
| Volatility (annualized) | 3.2% | 15.1% | |
| Max Drawdown | -2.8% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2025 | May 15, 2000 |
GBND vs IVV Performance
Goldman Sachs Core Bond ETF (GBND) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GBND returned +2.24% while IVV returned +23.63%. Year to date, GBND is down 0.35% 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 3.2% for GBND. 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 -2.8% for GBND 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GBND charges 0.25% per year while IVV charges 0.03%. On a $10,000 position that is $25 vs $3 annually, a gap of $22 per year that compounds over a long holding period. On income, GBND currently yields 3.43% against 1.09% for IVV.
Holdings Overlap
GBND and IVV share 0 holdings out of 828 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, GBND or IVV?
GBND has an expense ratio of 0.25% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $22 per year of difference.
Which performed better, GBND or IVV?
Over the past year GBND returned +2.24% vs +23.63% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), GBND annualized +2.74% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, GBND or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 3.2% for GBND. Worst drawdown: GBND -2.8% vs IVV -56.5%.
Should I hold both GBND and IVV?
GBND and IVV have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBND and IVV?
GBND and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 828 unique securities.
Which pays a higher dividend, GBND or IVV?
GBND yields 3.43% while IVV yields 1.09%, so GBND currently pays the higher dividend yield.
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