IVV vs KORP
IVV vs KORP
iShares Core S&P 500 ETF vs American Century Diversified Corporate Bond 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 | KORP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $865.2B | $878M | |
| Dividend Yield | 1.09% | 5.08% | |
| Holdings | 508 | 358 | |
| YTD Return | +9.93% | -0.41% | |
| 1Y Return | +19.59% | +2.96% | |
| 3Y Return (annualized) | +19.41% | +5.43% | |
| 5Y Return (annualized) | +12.89% | +1.27% | |
| Volatility (annualized) | 15.1% | 5.6% | |
| Max Drawdown | -56.5% | -14.9% | |
| Fund Family | iShares by BlackRock (US) | American Century Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Jan 11, 2018 |
IVV vs KORP Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and American Century Diversified Corporate Bond ETF (KORP) is a ETF from American Century Investments. Over the past year IVV returned +19.59% while KORP returned +2.96%. Year to date, IVV is up 9.93% versus a loss of 0.41% for KORP.
Over three years, IVV compounded at +19.41% per year against +5.43% for KORP; over five years the annualized figures are +12.89% and +1.27% respectively. Across the full 9-year window we track, IVV has the edge at +6.91% annualized vs +1.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.6% for KORP. 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 -14.9% for KORP. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while KORP charges 0.29%. On a $10,000 position that is $3 vs $29 annually, a gap of $26 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 5.08% for KORP.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or KORP?
IVV has an expense ratio of 0.03% while KORP charges 0.29%. IVV is the cheaper option. On a $10,000 investment, that is $26 per year of difference.
Which performed better, IVV or KORP?
Over the past year IVV returned +19.59% vs +2.96% for KORP, so IVV leads on 1-year performance. Over the longest common window we track (9 years), IVV annualized +6.91% vs +1.49% for KORP. Past performance does not guarantee future results.
Which is riskier, IVV or KORP?
IVV has been the more volatile fund at 15.1% annualized versus 5.6% for KORP. Worst drawdown: IVV -56.5% vs KORP -14.9%.
Should I hold both IVV and KORP?
IVV and KORP have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and KORP?
IVV and KORP share 2 common holdings with a 0.7% weight overlap. Combined, they hold 672 unique securities.
Which pays a higher dividend, IVV or KORP?
IVV yields 1.09% while KORP yields 5.08%, so KORP currently pays the higher dividend yield.
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