IVV vs VMAX
IVV vs VMAX
iShares Core S&P 500 ETF vs Hartford US Value ETF
Quick Verdict
IVV has a lower expense ratio. VMAX delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | VMAX | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.29% | |
| AUM | $865.2B | $49M | |
| Dividend Yield | 1.09% | 1.87% | |
| Holdings | 508 | 142 | |
| YTD Return | +13.52% | +17.43% | |
| 1Y Return | +23.63% | +28.57% | |
| 3Y Return (annualized) | +21.26% | - | |
| 5Y Return (annualized) | +13.52% | - | |
| Volatility (annualized) | 15.1% | 12.2% | |
| Max Drawdown | -56.5% | -19.1% | |
| Fund Family | iShares by BlackRock (US) | Hartford Funds | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Dec 5, 2023 |
IVV vs VMAX Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Hartford US Value ETF (VMAX) is a ETF from Hartford Funds. Over the past year IVV returned +23.63% while VMAX returned +28.57%. Year to date, IVV is up 13.52% versus a gain of 17.43% for VMAX.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.2% for VMAX. 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 -19.1% for VMAX. 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while VMAX 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 1.87% for VMAX.
Holdings Overlap
IVV and VMAX share 103 holdings out of 542 unique holdings combined, representing a 25.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IVV | Weight in VMAX | Difference |
|---|---|---|---|
| NVDA | 7.76% | 0.84% | 6.92% |
| AAPL | 7.44% | 0.45% | 6.99% |
| GOOGL | 3.15% | 1.90% | 1.25% |
| META | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| BK | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| XOM | Pro | Pro | Pro |
| STT | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
See all 10 holdings IVV shares with VMAX 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 VMAX?
IVV has an expense ratio of 0.03% while VMAX 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 VMAX?
Over the past year IVV returned +23.63% vs +28.57% for VMAX, so VMAX leads on 1-year performance. Over the longest common window we track (3 years), IVV annualized +7.04% vs +21.81% for VMAX. Past performance does not guarantee future results.
Which is riskier, IVV or VMAX?
IVV has been the more volatile fund at 15.1% annualized versus 12.2% for VMAX. Worst drawdown: IVV -56.5% vs VMAX -19.1%.
Should I hold both IVV and VMAX?
IVV and VMAX have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and VMAX?
IVV and VMAX share 103 common holdings with a 25.4% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, IVV or VMAX?
IVV yields 1.09% while VMAX yields 1.87%, so VMAX currently pays the higher dividend yield.
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