IVV vs SCIO
IVV vs SCIO
iShares Core S&P 500 ETF vs First Trust Structured Credit Income Opportunities 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 | SCIO | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.70% | |
| AUM | $865.2B | $498M | |
| Dividend Yield | 1.09% | 6.03% | |
| Holdings | 508 | 252 | |
| YTD Return | +13.31% | +2.27% | |
| 1Y Return | +24.00% | +4.76% | |
| 3Y Return (annualized) | +21.16% | - | |
| 5Y Return (annualized) | +13.34% | - | |
| Volatility (annualized) | 15.1% | 2.5% | |
| Max Drawdown | -56.5% | -1.7% | |
| Fund Family | iShares by BlackRock (US) | First Trust Portfolios (US) | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 27, 2024 |
IVV vs SCIO Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and First Trust Structured Credit Income Opportunities ETF (SCIO) is a ETF from First Trust Portfolios (US). Over the past year IVV returned +24.00% while SCIO returned +4.76%. Year to date, IVV is up 13.31% versus a gain of 2.27% for SCIO.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 2.5% for SCIO. 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 -1.7% for SCIO. 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 0.37. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while SCIO charges 0.70%. On a $10,000 position that is $3 vs $70 annually, a gap of $67 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 6.03% for SCIO.
Holdings Overlap
IVV and SCIO share 0 holdings out of 543 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 SCIO?
IVV has an expense ratio of 0.03% while SCIO charges 0.70%. IVV is the cheaper option. On a $10,000 investment, that is $67 per year of difference.
Which performed better, IVV or SCIO?
Over the past year IVV returned +24.00% vs +4.76% for SCIO, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.03% vs +7.49% for SCIO. Past performance does not guarantee future results.
Which is riskier, IVV or SCIO?
IVV has been the more volatile fund at 15.1% annualized versus 2.5% for SCIO. Worst drawdown: IVV -56.5% vs SCIO -1.7%.
Should I hold both IVV and SCIO?
IVV and SCIO have a monthly-return correlation of 0.37, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and SCIO?
IVV and SCIO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, IVV or SCIO?
IVV yields 1.09% while SCIO yields 6.03%, so SCIO currently pays the higher dividend yield.
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