IVV vs ONEV
IVV vs ONEV
iShares Core S&P 500 ETF vs State Street SPDR Russell 1000 Low Volatility Focus 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 | ONEV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.20% | |
| AUM | $865.2B | $302M | |
| Dividend Yield | 1.09% | 1.77% | |
| Holdings | 508 | 443 | |
| YTD Return | +11.54% | +12.32% | |
| 1Y Return | +21.48% | +17.05% | |
| 3Y Return (annualized) | +20.86% | +12.43% | |
| 5Y Return (annualized) | +13.02% | +8.72% | |
| Volatility (annualized) | 15.1% | 15.5% | |
| Max Drawdown | -56.5% | -40.2% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 1, 2015 |
IVV vs ONEV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is a ETF from State Street Investment Management. Over the past year IVV returned +21.48% while ONEV returned +17.05%. Year to date, IVV is up 11.54% versus a gain of 12.32% for ONEV.
Over three years, IVV compounded at +20.86% per year against +12.43% for ONEV; over five years the annualized figures are +13.02% and +8.72% respectively. Across the full 11-year window we track, ONEV has the edge at +9.87% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ONEV has been the more volatile fund, with annualized monthly volatility of 15.5% 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 -40.2% for ONEV. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while ONEV 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 1.77% for ONEV.
Holdings Overlap
IVV and ONEV share 202 holdings out of 752 unique holdings combined, representing a 9.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in ONEV | Difference |
|---|---|---|---|
| ALL | 0.10% | 1.50% | 1.40% |
| PGR | 0.19% | 1.28% | 1.09% |
| MCK | 0.15% | 0.96% | 0.81% |
| CI | Pro | Pro | Pro |
| ACGL | Pro | Pro | Pro |
| TRV | Pro | Pro | Pro |
| CINF | Pro | Pro | Pro |
| HIG | Pro | Pro | Pro |
| CMCSA | Pro | Pro | Pro |
| KR | Pro | Pro | Pro |
See all 10 holdings IVV shares with ONEV 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 ONEV?
IVV has an expense ratio of 0.03% while ONEV 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 ONEV?
Over the past year IVV returned +21.48% vs +17.05% for ONEV, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.97% vs +9.87% for ONEV. Past performance does not guarantee future results.
Which is riskier, IVV or ONEV?
ONEV has been the more volatile fund at 15.5% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs ONEV -40.2%.
Should I hold both IVV and ONEV?
IVV and ONEV have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and ONEV?
IVV and ONEV share 202 common holdings with a 9.1% weight overlap. Combined, they hold 752 unique securities.
Which pays a higher dividend, IVV or ONEV?
IVV yields 1.09% while ONEV yields 1.77%, so ONEV currently pays the higher dividend yield.
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