IVV vs UDIV
IVV vs UDIV
iShares Core S&P 500 ETF vs Franklin US Core Dividend Tilt Index ETF
Quick Verdict
IVV has a lower expense ratio. UDIV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | UDIV | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.06% | |
| AUM | $865.2B | $137M | |
| Dividend Yield | 1.09% | 1.49% | |
| Holdings | 508 | 293 | |
| YTD Return | +13.80% | +17.46% | |
| 1Y Return | +23.70% | +27.25% | |
| 3Y Return (annualized) | +21.49% | +23.60% | |
| 5Y Return (annualized) | +13.43% | +14.52% | |
| Volatility (annualized) | 15.1% | 14.4% | |
| Max Drawdown | -56.5% | -35.5% | |
| Fund Family | iShares by BlackRock (US) | Franklin Templeton Investments (US) | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 1, 2016 |
IVV vs UDIV Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Franklin US Core Dividend Tilt Index ETF (UDIV) is a ETF from Franklin Templeton Investments (US). Over the past year IVV returned +23.70% while UDIV returned +27.25%. Year to date, IVV is up 13.80% versus a gain of 17.46% for UDIV.
Over three years, IVV compounded at +21.49% per year against +23.60% for UDIV; over five years the annualized figures are +13.43% and +14.52% respectively. Across the full 10-year window we track, UDIV has the edge at +10.36% annualized vs +7.05%. 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 14.4% for UDIV. 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 -35.5% for UDIV. 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IVV charges 0.03% per year while UDIV charges 0.06%. On a $10,000 position that is $3 vs $6 annually, a gap of $3 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.49% for UDIV.
Holdings Overlap
IVV and UDIV share 252 holdings out of 540 unique holdings combined, representing a 73.4% weight overlap.
High overlap means holding both may not provide much additional diversification.
Top Shared Holdings
| Stock | Weight in IVV | Weight in UDIV | Difference |
|---|---|---|---|
| NVDA | 7.76% | 7.10% | 0.66% |
| AAPL | 7.44% | 6.33% | 1.11% |
| MSFT | 4.57% | 4.66% | 0.09% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| TSLA | Pro | Pro | Pro |
| JPM:US | Pro | Pro | Pro |
See all 10 holdings IVV shares with UDIV 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 UDIV?
IVV has an expense ratio of 0.03% while UDIV charges 0.06%. IVV is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, IVV or UDIV?
Over the past year IVV returned +23.70% vs +27.25% for UDIV, so UDIV leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.05% vs +10.36% for UDIV. Past performance does not guarantee future results.
Which is riskier, IVV or UDIV?
IVV has been the more volatile fund at 15.1% annualized versus 14.4% for UDIV. Worst drawdown: IVV -56.5% vs UDIV -35.5%.
Should I hold both IVV and UDIV?
IVV and UDIV have a monthly-return correlation of 0.93, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between IVV and UDIV?
IVV and UDIV share 252 common holdings with a 73.4% weight overlap. Combined, they hold 540 unique securities.
Which pays a higher dividend, IVV or UDIV?
IVV yields 1.09% while UDIV yields 1.49%, so UDIV currently pays the higher dividend yield.
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