IVV vs IYY
IVV vs IYY
iShares Core S&P 500 ETF vs iShares Dow Jones US ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IYY offers more diversification with 827 holdings.
Side-by-Side Comparison
| Metric | IVV | IYY | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $2.9B | |
| Dividend Yield | 1.09% | 0.87% | |
| Holdings | 508 | 970 | |
| YTD Return | +11.54% | +11.48% | |
| 1Y Return | +21.48% | +21.01% | |
| 3Y Return (annualized) | +20.86% | +20.43% | |
| 5Y Return (annualized) | +13.02% | +12.05% | |
| Volatility (annualized) | 15.1% | 15.6% | |
| Max Drawdown | -56.5% | -56.3% | |
| Fund Family | iShares by BlackRock (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 12, 2000 |
IVV vs IYY Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and iShares Dow Jones US ETF (IYY) is a ETF from iShares by BlackRock (US). Over the past year IVV returned +21.48% while IYY returned +21.01%. Year to date, IVV is up 11.54% versus a gain of 11.48% for IYY.
Over three years, IVV compounded at +20.86% per year against +20.43% for IYY; over five years the annualized figures are +13.02% and +12.05% respectively. Across the full 26-year window we track, IVV has the edge at +6.97% annualized vs +6.96%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IYY has been the more volatile fund, with annualized monthly volatility of 15.6% 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 -56.5% for IVV and -56.3% for IYY. 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 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while IYY charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 0.87% for IYY.
Holdings Overlap
IVV and IYY share 468 holdings out of 864 unique holdings combined, representing a 89.0% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in IYY | Difference |
|---|---|---|---|
| NVDA | 7.76% | 6.79% | 0.97% |
| AAPL | 7.44% | 6.58% | 0.86% |
| MSFT | 4.57% | 4.12% | 0.45% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
See all 10 holdings IVV shares with IYY 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, IVV or IYY?
IVV has an expense ratio of 0.03% while IYY charges 0.20%. IVV is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, IVV or IYY?
Over the past year IVV returned +21.48% vs +21.01% for IYY, so IVV leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.97% vs +6.96% for IYY. Past performance does not guarantee future results.
Which is riskier, IVV or IYY?
IYY has been the more volatile fund at 15.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs IYY -56.3%.
Should I hold both IVV and IYY?
IVV and IYY have a monthly-return correlation of 0.99, 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 IVV and IYY?
IVV and IYY share 468 common holdings with a 89.0% weight overlap. Combined, they hold 864 unique securities.
Which pays a higher dividend, IVV or IYY?
IVV yields 1.09% while IYY yields 0.87%, so IVV currently pays the higher dividend yield.
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