IVV vs OVB
IVV vs OVB
iShares Core S&P 500 ETF vs Overlay Shares Core 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 | OVB | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.79% | |
| AUM | $865.2B | $47M | |
| Dividend Yield | 1.09% | 7.50% | |
| Holdings | 508 | 10 | |
| YTD Return | +11.54% | -2.25% | |
| 1Y Return | +21.48% | -0.43% | |
| 3Y Return (annualized) | +20.86% | +3.93% | |
| 5Y Return (annualized) | +13.02% | -1.05% | |
| Volatility (annualized) | 15.1% | 7.4% | |
| Max Drawdown | -56.5% | -21.7% | |
| Fund Family | iShares by BlackRock (US) | Overlay Shares | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Sep 30, 2019 |
IVV vs OVB Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Overlay Shares Core Bond ETF (OVB) is a ETF from Overlay Shares. Over the past year IVV returned +21.48% while OVB returned -0.43%. Year to date, IVV is up 11.54% versus a loss of 2.25% for OVB.
Over three years, IVV compounded at +20.86% per year against +3.93% for OVB; over five years the annualized figures are +13.02% and -1.05% respectively. Across the full 7-year window we track, IVV has the edge at +6.97% annualized vs +0.89%. 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 7.4% for OVB. 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 -21.7% for OVB. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while OVB charges 0.79%. On a $10,000 position that is $3 vs $79 annually, a gap of $76 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.50% for OVB.
Holdings Overlap
IVV and OVB share 0 holdings out of 507 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, IVV or OVB?
IVV has an expense ratio of 0.03% while OVB charges 0.79%. IVV is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, IVV or OVB?
Over the past year IVV returned +21.48% vs -0.43% for OVB, so IVV leads on 1-year performance. Over the longest common window we track (7 years), IVV annualized +6.97% vs +0.89% for OVB. Past performance does not guarantee future results.
Which is riskier, IVV or OVB?
IVV has been the more volatile fund at 15.1% annualized versus 7.4% for OVB. Worst drawdown: IVV -56.5% vs OVB -21.7%.
Should I hold both IVV and OVB?
IVV and OVB have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and OVB?
IVV and OVB share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, IVV or OVB?
IVV yields 1.09% while OVB yields 7.50%, so OVB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.