IVV vs JIII
IVV vs JIII
iShares Core S&P 500 ETF vs Janus Henderson Income 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 | IVV | JIII | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.54% | |
| AUM | $865.2B | $171M | |
| Dividend Yield | 1.09% | 7.81% | |
| Holdings | 508 | 436 | |
| YTD Return | +13.52% | +1.93% | |
| 1Y Return | +23.63% | +5.20% | |
| 3Y Return (annualized) | +21.26% | - | |
| 5Y Return (annualized) | +13.52% | - | |
| Volatility (annualized) | 15.1% | 2.6% | |
| Max Drawdown | -56.5% | -3.5% | |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Nov 12, 2024 |
IVV vs JIII Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Janus Henderson Income ETF (JIII) is a ETF from Janus Henderson Investors. Over the past year IVV returned +23.63% while JIII returned +5.20%. Year to date, IVV is up 13.52% versus a gain of 1.93% for JIII.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.6% for JIII. 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 -3.5% for JIII. 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
IVV charges 0.03% per year while JIII charges 0.54%. On a $10,000 position that is $3 vs $54 annually, a gap of $51 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.81% for JIII.
Holdings Overlap
IVV and JIII share 3 holdings out of 657 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JIII?
IVV has an expense ratio of 0.03% while JIII charges 0.54%. IVV is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, IVV or JIII?
Over the past year IVV returned +23.63% vs +5.20% for JIII, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs +6.24% for JIII. Past performance does not guarantee future results.
Which is riskier, IVV or JIII?
IVV has been the more volatile fund at 15.1% annualized versus 2.6% for JIII. Worst drawdown: IVV -56.5% vs JIII -3.5%.
Should I hold both IVV and JIII?
IVV and JIII 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 IVV and JIII?
IVV and JIII share 3 common holdings with a 0.2% weight overlap. Combined, they hold 657 unique securities.
Which pays a higher dividend, IVV or JIII?
IVV yields 1.09% while JIII yields 7.81%, so JIII currently pays the higher dividend yield.
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